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GoldMining Announces Resource Estimate for the Yarumalito Gold Project in Colombia

GoldMining Inc.

Highlights:

  • Maiden inferred resource estimate for the Yarumalito Project of 1.24 Moz gold grading 0.58 g/t gold and 0.09% copper or 1.5 Moz gold equivalent grading 0.70 g/t gold equivalent (Table 1);
  • The estimate furthers GoldMining's unique position of holding one of the largest global resource-stage gold portfolios among mid- and junior-tier mining companies;
  • Yarumalito is GoldMining's third acquisition in the Mid Cauca Belt of central Colombia, which also hosts several multi-million ounce gold deposits owned by Zijin Mining, B2Gold and Anglogold Ashanti; and
  • GoldMining's global aggregated mineral resource (Fig.1 and Table 2) now totals:
    •  10.5 Moz gold (13.4 Moz gold equivalent) in the measured and indicated categories; and
    •  13.7 Moz gold (16.4 Moz gold equivalent) in the inferred category.

Figure 1: GoldMining's Gold Resource Acquisitions in the Americas from 2012 to 2020 (Table 2).

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