GoldMining Reports New Gold Discovery at São Jorge Project with 12m at 2.38 g/t Gold
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 06 2026
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Source: Newsfilter
- New Gold Discovery: GoldMining has identified a new gold vein at the William South prospect within its São Jorge Project, reporting 12 meters at 2.38 g/t gold, including 1 meter at 22 g/t, indicating high potential in the area.
- Successful Drilling Program: A total of 9,533 meters of drilling was completed in 2025, exceeding the planned 9,000 meters while remaining on budget, showcasing the company's efficient execution in resource development.
- Similar Geological Features: The geological and geophysical characteristics of William South resemble those of the known São Jorge deposit, suggesting the potential for additional mineralization zones, necessitating further systematic exploration to confirm.
- Infrastructure Advantages: The São Jorge Project benefits from excellent infrastructure, including easy access to paved highways and an existing 50-person camp, which supports future exploration activities and enhances the project's sustainability potential.
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.
