GoldMining Inc (TSE: GOLD) (NYSEAMERICAN: GLDG) (FRA: BSR) has re-added an exploratory concession to its package of Brazilian mining projects after obtaining approval from state authorities.
The gold and copper prospector revealed the milestone in a press release on Nov. 12. According to GoldMining, it took 12 years to attain assent from the Brazilian National Mining Agency.
The Latin American nation’s mining regulators rejected an application to renew the 100-square-kilometre exploration claim in 2013 and a subsequent appeal that year. It has only now been reinstated for a three year-term.
Chief Executive Officer Alastair Still says the company is pleased to have the “Colíder” concession back in GoldMining’s exploration portfolio within the country.
“Colíder lies within the emerging and underexplored Alta Floresta Gold Belt in Mato Grosso State, and our initial analysis of the historic data sets suggests that Colíder is highly prospective for bedrock gold and copper mineralization,” Still explained.
Grab samples taken from the property during historic exploration have returned up to 11.2 grams per tonne gold.
“We look forward to the compilation and validation of historic exploration results, followed by planning for the first stages of systematic exploration data sets across the property,” he added.
GoldMining now has a total of seven exploration projects throughout Brazil. On Oct. 20, the prospector reported initial assay results from its 2025 drill program at the São Jorge property. An intercept containing 5.98 g/t Au over 1 metre at a depth of 19 metres was the most notable result.
GoldMining says this exploration campaign was its largest to date. A total of 8,514 metres has been drilled thus far.
In addition to Colíder and São Jorge, the mining company is currently exploring Brazil’s Batistão, Surubim, Boa Vista, Montes Áureos and Trinta gold projects.
GoldMining is a junior resource firm with exploration assets spread throughout the Americas. Other key projects held by the company include the Cachoeira Project, an advanced Brazilian exploration asset; and Colombia’s La Mina operation, which yielded a positive PEA in late 2023 projecting future production of 1.74 million gold equivalent ounces.
GoldMining has also taken an interest in the American mining industry. The copper and gold explorer is currently the top shareholder of NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50): a junior miner developing a gold-antimony deposit in Nevada and the Nutmeg Mountain gold mine in Idaho.
Additionally, GoldMining holds an 81 per cent stake in US Goldmining Inc (NASDAQ: USGO) (FRA: Q0G) and its Whistler gold-copper mining site in Alaska. Situated north of Anchorage, the asset is estimated to hold 6.5 million gold equivalent ounces.
Read more: NevGold edges closer to gold-antimony resource with latest Limousine Butte results
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