GoldMining Reports 2.99 Million Ounces Of Gold Equivalent At Whistler Project

GoldMining Inc. (TSX: GOLD) released today its updated mineral resource estimate for its wholly-owned Whistler Project in Alaska. The results, containing resource estimates for Whistler, Island Mountain, and Raintree West deposits, are effective as of June 11, 2021.

The total indicated mineral resource for gold equivalent is at 2.99 million ounces at a 0.79 g/t gold equivalent grade. From 118.20 million tonnes indicated, this comprises 1.94 million ounces gold at 0.51 g/t gold, 8.33 million ounces silver at 2.19 g/t silver, and 421.98 million pounds copper at 0.16% copper.

The company’s inferred mineral resource for gold equivalent is at 6.45 million ounces at a 0.63 g/t gold equivalent grade. From a total inferred of 316.98 million tonnes, this includes 4.67 million ounces gold at 0.46 g/t gold, 16.06 million ounces silver at 1.58 g/t silver, and 711.42 million pounds copper at 0.10% copper.

Sponsored · Mercado Minerals Ltd.

The company shared that indicated mineral resources have increased from the prior estimate in March 2016 by 9.9% for gold, 35.9% for silver and, 23.0% for copper. Compared to the same estimate in 2016, inferred mineral resources have increased by 0.9% for gold while it decreased by 29.0% for silver and 0.3% for copper.

GoldMining has also updated the estimates based on metal prices of US$1,600 per gold ounce, US$21 per silver ounce, and US$3.25 per copper pound.

The Whistler gold-copper exploration project currently comprises 304 mining claims covering approximately 17,159 hectares. The company plans to further evaluate potential exploration activities to better define and expand existing mineral resources.

GoldMining Inc. last traded at $1.80 on the TSX.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.