GoldMining Discovers New Gold Prospects at São Jorge Project in Brazil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
0mins
Source: PRnewswire
- Significant Exploration Results: GoldMining has identified four new gold prospects at its São Jorge Project in Brazil's Tapajós region through its 2025 RC drilling program, notably the William South prospect located approximately 1.5 km north of the existing deposit, highlighting the area's potential value.
- Drilling Progress Exceeds Expectations: The 2025 drilling program has successfully completed 9,533 meters, surpassing the planned 9,000 meters while remaining on budget, demonstrating the company's efficient execution capabilities in resource exploration.
- Strong Mineralization Potential: Recent drilling results from the William South prospect indicate a gold grade of 2.38 g/t over 12 meters, including a high-grade intercept of 22.08 g/t over 1 meter, further validating the mineralization potential of the area and laying the groundwork for future resource development.
- Infrastructure Advantages: The São Jorge Project spans 46,000 hectares and boasts excellent infrastructure, including easy access to paved highways and an existing 50-person camp, which strongly supports ongoing exploration activities.
Analyst Views on GLDG
Wall Street analysts forecast GLDG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLDG is 3.75 USD with a low forecast of 3.75 USD and a high forecast of 3.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.540
Low
3.75
Averages
3.75
High
3.75
Current: 1.540
Low
3.75
Averages
3.75
High
3.75
About GLDG
GoldMining Inc. is a mineral exploration company focused on acquiring and developing gold assets in the Americas. It controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. Its projects include Titiribi, La Mina, Yellowknife, Crucero, Nutmeg Mountain, Sao Jorge, Cachoeira, Yarumalito, Surubim, Boa Vista, Batistao, Montes Aureos, and Trinta. The Titiribi project is a copper-gold exploration project located 51 km from Medellin, Colombia. The La Mina project comprises two concessions covering 3,208 hectares, located in the Department of Antioquia, Republic of Colombia. The Yellowknife Gold project is comprised of five properties: Ormsby - Bruce, Nicholas Lake, Goodwin Lake, Clan Lake, and Big Sky. Sao Jorge is a resource stage gold exploration project located 4 km west of the Cuiaba-Santarem Highway BR-163. The regional land package comprising of eight exploration permits totals 46,485 ha (464.85 km2).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
