07:36 AM EDT, 09/09/2024 (MT Newswires) -- GoldMining ( GLDG ) was at last look up near 1% in U.S. premarket on Monday as it reported final drill assay results from the diamond drilling program, and a progress update for the ongoing auger drilling program, at the company's 100% owned Sao Jorge Project in the Tapajos gold district in Para State, Brazil.

The company said the two most recent diamond drill holes successfully identified new gold and copper mineralization approximately 1 kilometer northwest of the Sao Jorge gold deposit in areas that had no previous drilling. It also said the ongoing shallow auger drilling program has returned "very encouraging" indications of new zones of primary gold mineralization at the William South target located approximately 2 km north of the Deposit. Several auger drill holes delivered high-grade intercepts within the top of weathered bedrock, directly underlying large high-tenor surface soil anomalies, it added.

The exploration program at Sao Jorge completed to date has significantly advanced our geological knowledge in the Sao Jorge district, including better defining the high-grade core of the Sao Jorge deposit," Chief Executive Alastair Still said in a statement.

In the same statement Tim Smith, Vice President of Exploration, said: "To complement the encouraging gold mineralization intersected in step-out core and auger drilling, drill hole SJD-124-24 intersected a broad zone of strongly anomalous copper which is encouraging as the Tapajos district is known to contain porphyry-style copper +/- gold mineralization."

The company's shares were unchanged at $1.24 on the TSX last Friday.