The São Jorge gold project is wholly owned and operated by GoldMining Inc. (“GoldMining”) and covers approximately 46,000 hectares in the Tapajos region in the southeast Pará state of Brazil, in the municipality of Novo Progresso.
The feasibility stage Tocantinzinho deposit (operated by G Mining Ventures) and the Palito mine (operated by Serabi Gold plc) are located along the same major structural zone that hosts the São Jorge deposit. First exploration at São Jorge was conducted during the Tapajos Gold Rush by informal miners in the late 1970s with the first formal work done in 1993 by Rio Tinto Group, totaling over 37,154 meters drilled over 145 drillholes, showing the deposit open along strike and at depth throughout the 2.5 km IP anomaly.
Gold mineralization at São Jorge has been intersected in drill holes up to 350 meters below surface and is envisioned by GoldMining as a conventional open pit, gravity-CIL processing operation with near-surface mineralization. GoldMining published an updated Resource Estimate in July 2021. GoldMining is evaluating a potential exploration program in 2023 to investigate numerous targets identified with geophysical and soil gold anomalies distributed throughout the property focusing within a five-kilometer radius of the existing São Jorge deposit. Additionally, the recent announcement made by Serabi Gold PLC, of the discovery of porphyry-style mineralization in the Tapajós region has opened a new perspective for exploration on the São Jorge property for this previously unidentified style of deposit.