GoldMining(US:GLDG) Prnewswire·2025-04-23 10:00Core Insights - GoldMining Inc. has identified significant antimony mineralization alongside gold at its 100% owned Crucero Project in Peru, which could enhance the project's economic value [1][3][10] Project Overview - The Crucero Project is located in the Carabaya Province of Peru, approximately 10 km from the village of Caserio de Oscoroque and 150 km from Juliaca, the nearest major city [4] - The project contains orogenic gold mineralization associated with various minerals including pyrite, pyrrhotite, arsenopyrite, and stibnite [5] Historical Exploration - Previous exploration from 1996 to 2012 included geological mapping, geochemistry, trenching, and diamond drilling, focusing on the A1 Zone where 72 core holes were drilled totaling 22,712 meters [6][13] Mineral Resource Estimate - The indicated mineral resource for Crucero is estimated at 30.65 million tonnes at an average grade of 1.00 g/t gold, containing approximately 993,000 ounces of gold, with an additional inferred resource of 35.78 million tonnes at the same grade containing approximately 1,147,000 ounces [7][10] Antimony Significance - Antimony prices have surged to approximately $55,250 per tonne, highlighting its strategic importance due to its applications in battery technology and other critical sectors [15][17] - The current antimony price represents a significant increase from $11,600 per tonne at the start of 2024, indicating growing demand and supply chain concerns [15] Strategic Context - The global supply of antimony is primarily controlled by China, Russia, and Tajikistan, making it a critical metal for many countries, including the U.S. and Canada, which are prioritizing domestic production [16][17] - The presence of antimony at the Crucero Project could provide economic and strategic benefits, enhancing the project's overall value [3][15]