GoldMining shares rise 12.63% intraday after São Jorge drilling reveals deep gold mineralization and potential resource expansion.

GoldMining Inc. (GLDG) surged 12.63% intraday following the release of significant drilling results from its São Jorge Project in Brazil. The company reported 19 meters at 1.00 g/t gold from 425 meters depth in diamond core drilling, representing one of the deepest intercepts to date, and a 73-meter zone at 0.54 g/t gold. Additional results included 3 meters at 1.10 g/t gold and 1 meter at 1.15 g/t gold at the Northwest Extension prospect. Processing of 2025 Induced Polarisation (IP) data confirmed a large chargeability anomaly at William South, similar in scale to the main deposit. These findings suggest potential for resource expansion at depth and along strike, with plans for 2026 drilling to test the anomaly. The CEO highlighted the encouraging results and future exploration potential, aligning with the stock’s sharp intraday rally driven by the company’s exploration success and growth prospects.