Goldmining initiates preliminary economic assessment and announces an updated mineral resource estimate for the sÃo jorge project, brazil

Vancouver, bc, june 1, 2021 /prnewswire/ - goldmining inc. (the "company" or "goldmining") (tsx: gold) (nyse american: gldg) is pleased to announce that it is initiating a preliminary economic assessment ("pea") on its 100% owned sÃo jorge gold project ("sÃo jorge") in parÁ state, brazil and announces the results of an updated mineral resource estimate ("mre"). highlights: indicated mineral resources of 0.71 million ounces gold (14.27 million tonnes grading 1.55 g/t gold) (see table 1); inferred mineral resources of 0.72 million ounces gold (17.58 million tonnes grading 1.27 g/t gold) (see table 1); the mre utilizes an optimized pit shell to constrain resources, a database of 145 drill holes totaling more than 37,000 metres and uses modernized cost and pricing assumptions including a us$1,600/oz gold price; and goldmining has initiated work on a pea at sÃo jorge to further evaluate the economic potential of an open-pit operation and advance opportunities to upgrade and expand the current resource base.
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