U.S. GoldMining Intersects 120 meters at 1.00 g/t Gold Equivalent - Confirms Western High-Grade Zone Within Whistler Gold-Copper Deposit, Alaska

Core Insights - U.S. GoldMining Inc. announced new assay results from the 2024 confirmatory diamond core drilling program at the Whistler Gold-Copper Project in Alaska, highlighting significant mineralization in drill hole WH24-02 [1][4][5] Drilling Results - WH24-02 intersected a main zone of 120 meters at 0.72 grams per tonne (g/t) gold, 0.16% copper, and 0.83 g/t silver, equivalent to 1.00 g/t gold equivalent (AuEq), from 291 meters to 411 meters downhole [2][11] - The total mineralized envelope from WH24-02 comprises 274 meters at 0.71 g/t AuEq, with higher-grade intercepts of 40 meters at 1.28 g/t AuEq and 20 meters at 1.26 g/t AuEq [2][11] - The 2024 drilling program exceeded 4,000 meters, with assays pending for three additional drill holes [2][5] Geological Context - The Whistler Deposit is part of the Whistler Intrusive Suite, characterized by various porphyry phases, with the early Main Stage Porphyry being the most mineralized [6] - The technical team has identified a robust core of higher-grade mineralization correlating with intense alteration and B-veining within the eastern part of the intrusive suite [6][8] Strategic Focus - The 2024 drilling program aimed to delineate and extend areas of high-grade mineralization, building on the success of the 2023 drilling program, which included a notable intercept of 652.5 meters at 1.00 g/t AuEq [5][4] - The company plans to further upgrade the existing mineral resource profile of the Whistler Project, which currently estimates 6.5 million ounces (Moz) AuEq in the indicated category and an additional 4.2 Moz AuEq in the inferred category [4][5]