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GoldMining to Acquire Almaden Gold Project in Idaho

GoldMining Inc.

Highlights:

  • Acquisition of Almaden, a historic resource-stage gold project in west-central Idaho will further expand GoldMining's portfolio of gold projects located in mining friendly jurisdictions of the Americas;
  • 70,234 m of historic drilling (934 holes) completed on the Project, which hosts outcropping, low-sulphidation epithermal gold mineralization;
  • Projects with similar style of mineralization to Almaden include Hecla Mining's Hollister and Midas Mines in northern Nevada, and Integra Resources' Delamar and Florida Canyon projects in southwest Idaho;
  • The total purchase price will be $1,150,000, comprised of common shares and cash; and
  • GoldMining intends to engage an independent qualified person to complete a technical report including a current resource estimate upon closing.

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