GoldMining Inc. disclosed new drill results from its 2025 reverse‑circulation program at the São Jorge gold project in Pará, Brazil. The company reported a 12‑meter intercept at 2.38 g/t Au, including a 1‑meter spike of 22.08 g/t Au, and several other intercepts exceeding 1 g/t Au. These results build on a 4‑meter intercept at 1.78 g/t Au announced on October 20, 2025, and confirm that the William South prospect, located 1.5 km north of the main São Jorge deposit, continues to host high‑grade mineralization.
The new data reinforce GoldMining’s strategy of testing targets beyond the known mineralized zone. Geology and geophysical signatures at William South closely resemble those of the São Jorge deposit, suggesting a potentially extensive regional gold system. The 2025 drilling program totaled 9,533 m across the 46,000‑hectare property, and the latest intercepts raise the prospect of a larger resource than previously modeled.
GoldMining remains a zero‑revenue exploration firm with persistent losses and negative cash flow. The drill results, while not generating immediate revenue, enhance the perceived value of the company’s portfolio and may support future financing or partnership opportunities. Management emphasized the significance of the findings: “The positive drilling results from the William South prospect reinforce our belief in this emerging gold discovery located near the well‑known São Jorge deposit,” said CEO Alastair Still.
The company’s exploration progress has attracted investor attention, and the latest drill results are expected to further validate the regional gold system and could accelerate the company’s path toward a definitive resource estimate.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.