07:30 AM EDT, 05/29/2024 (MT Newswires) -- GoldMining Inc. ( GLDG ) said Wednesday that it has initiated drilling at its Sao Jorge Gold project located within the Tapajos Gold District in Para State, Brazil.

The drilling program consists of about 1,000 meters of proposed diamond core drilling and 3,000 meters of power auger drilling. The program is intended to confirm a new structural interpretation which may help to optimize the modeling of the mineral resource, the company said.

On Tuesday, GoldMining ( GLDG ) rose 2.7% in the U.S. and 1.6% in Canada.