GoldMining shares surge 11.11% intraday after drilling uncovers deep gold mineralization and new targets at São Jorge Project in Brazil.

GoldMining Inc. surged 11.11% intraday following the announcement of significant gold mineralization at depth in its São Jorge Project drilling program. The company reported 19 meters at 1.00 g/t Au from 425 meters depth (SJD-136-25), one of the deepest intercepts to date, and 3 meters at 1.10 g/t Au and 1 meter at 1.15 g/t Au at the Northwest Extension prospect. These results, alongside a large chargeability anomaly at William South resembling the main deposit’s geophysical signature, highlight expansion potential for the São Jorge gold system. The CEO emphasized the potential for deeper mineral resource extensions and systematic exploration of new targets, reinforcing the project’s growth outlook. The 2025 drilling program, exceeding planned meterage while remaining on budget, underscores operational efficiency and exploration success in Brazil’s Tapajós gold district, a key driver for investor optimism.