U.S. GoldMining Inc. Announces Plans to Commence an Initial Economic Assessment At Whistler Gold-Copper Project, Alaska

Core Viewpoint - U.S. GoldMining Inc. is initiating a Preliminary Economic Assessment (PEA) for the Whistler Gold-Copper Project, which is expected to evaluate the project's economic viability and potential for future mining opportunities [1][2][3]. Project Overview - The Whistler Gold-Copper Project is located 105 miles northwest of Anchorage, Alaska, and is the closest large undeveloped gold-copper mineral deposit to the city [3][7]. - The project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package totaling approximately 53,700 acres [7]. Economic Assessment Details - The PEA will be conducted under U.S. Regulation S-K 1300 and Canadian National Instrument 43-101, aiming to provide an initial economic assessment of the project [1][3]. - The existing mineral resource estimate includes 294 million tonnes at 0.68 grams per tonne gold equivalent for 6.48 million ounces in the indicated resource category, and 198 million tonnes at 0.65 grams per tonne for an additional 4.16 million ounces in the inferred resource category [3][4]. Recent Developments - The decision to proceed with the PEA follows successful drilling programs in 2023 and 2024, which yielded significant high-grade mineralization results [2][3]. - The company has received strong interest from potential mine engineering partners and is currently in the Request for Proposal (RFP) process to select a firm for the PEA [2][3]. Market Context - The timing of the PEA aligns with strong metal pricing, with current spot gold prices exceeding $3,000 per ounce, significantly higher than the mineral resource estimate price of $1,850 per ounce [3]. - The project benefits from a supportive policy environment for responsible resource extraction in Alaska [3]. Future Prospects - The company believes that the Whistler Project could present a robust future mining opportunity, contributing to economic development in South Central Alaska and enhancing mineral resource security in the United States [2][3].