Latest news with #U.S.GoldMining
Cision Canada
5 days ago
- Business
- Cision Canada
GoldMining Applauds Inclusion of U.S. GoldMining in Russell 3000® Index
Milestone Underscores GoldMining's Strategic Buildout of a ~$197M Equity Portfolio VANCOUVER, BC, June 3, 2025 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce that its majority-owned subsidiary, U.S. GoldMining Inc. ("U.S. GoldMining") (Nasdaq: USGO), has been added as a member of the broad-market Russell 3000 ® Index according to a preliminary list published by FTSE on its website in connection with its annual reconstitution of the index. The reconstitution is expected to take effect after the U.S. Market closes on June 27, 2025. GoldMining owns 9.9 million shares of U.S. GoldMining, representing an approximate 79% ownership, with a market value of approximately $131 million based on the closing price of such shares on June 2, 2025. Alastair Still, CEO of GoldMining, commented: "We are thrilled to see U.S. GoldMining recognized for its progress with this inclusion in the Russell 3000 ®. This milestone validates the success of our Company's strategic IPO launch of U.S. GoldMining just over two years ago and highlights the tangible value created for our shareholders. With multiple high-priority exploration targets and an initial economic assessment underway at the Whistler Gold-Copper Project in Alaska, we see compelling upside as U.S. GoldMining advances its portfolio." Strengthening GoldMining's Equity Portfolio In addition to its stake in U.S. GoldMining, the Company also owns: Over 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), valued at approximately $56 million based on the closing price of such shares on June 2, 2025. Over 26 million shares of NevGold Corp. (TSXV: NAU), valued at approximately $10 million based on the closing price of such shares on June 2, 2025. Together, these holdings bring the current market value of GoldMining's equity portfolio to approximately $197 million. The market capitalization of the Company on an undiluted basis is approximately $210 million, based on the closing price of such shares on June 2, 2025. GoldMining remains debt-free and, in addition to its equity portfolio, owns 100% of a project portfolio totaling 12.4 million gold equivalent ounces (measured & indicated) and 9.1 million gold equivalent ounces (inferred) across the Americas. Visit for more information and technical reports. About the Russell 3000 ® Index The Russell 3000 ® Index includes the 4,000 largest U.S.-traded stocks by market capitalization and serves as the foundation for the Russell 1000 ® and Russell 2000 ® indexes. FTSE Russell's annual reconstitution reflects the changing U.S. equity landscape. As of June 2024, more than US$10.6 trillion in assets are benchmarked to Russell indexes. Qualified Person Paulo Pereira, P. Geo., President of GoldMining, has supervised the preparation of, and verified and approved, all other scientific and technical information herein this news release. Mr. Pereira is also a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101"). About GoldMining Inc. The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia, and Peru. The Company also owns 21.5 million shares of Gold Royalty Corp. (NYSE American: GROY), 9.9 million shares of U.S. GoldMining Inc. (Nasdaq: USGO), and over 26 million shares of NevGold Corp. (TSXV: NAU). See for additional information. Notice to Readers Technical disclosure regarding the Project has been prepared by the Company in accordance with NI 43-101. NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and the scientific and technical information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements. For further information regarding the Company's projects and the resource estimates disclosed herein, please refer to the Company's most recent Annual Information Form and the technical reports filed under the Company's profile at and Cautionary Statement on Forward-looking Statements Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws ("forward-looking statements"), which involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Forward-looking statements, which are all statements other than statements of historical fact, include, but are not limited to, statements respecting the Company's expectations regarding U.S. GoldMining Inc. and its projects and often contain words such as "anticipate", "intend", "plan", "will", "would", estimate", "expect", "believe", "potential" and variations of such terms. Such forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates, which may prove to be incorrect. Investors are cautioned that forward-looking statements involve risks and uncertainties, including, without limitation: the inherent risks involved in the exploration and development of mineral properties, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, any inability to complete work programs as expected, the Company's plans with respect to the Project may change as a result of further planning or otherwise, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs most recent Annual Information Form and other filings with Canadian securities regulators and the SEC, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements. There can be no assurance that forward-looking statements, or the material factors or assumptions used to develop such forward-looking statements, will prove to be accurate. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities law. SOURCE GoldMining Inc.
Cision Canada
6 days ago
- Business
- Cision Canada
U.S. GoldMining to Join Russell 3000 Index
ANCHORAGE, Alaska, June 2, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to announce that it has been added as a member of the broad-market Russell 3000 ® Index according to a preliminary list published by FTSE on its website in connection with its annual reconstitution of the index. The reconstitution is expected to take effect after the U.S. Market closes on June 27, 2025. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000 ® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 ® Index or small-cap Russell 2000 ® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "It is a significant milestone to see the accomplishments of U.S. GoldMining be recognized through the preliminary inclusion in the Russell 3000 ® Index. This highlights the value creation at our Whistler Gold-Copper Project (the "Project") in Alaska in just over two years since going public with our IPO in April 2023. With the numerous high priority exploration targets at the Project, coupled with recently announced plans to commence an initial economic assessment, we are strongly encouraged by the potential to unlock significant additional value for stakeholders, especially when combined with recent all-time high gold prices and predicted strong future demand for copper." For more information on the Russell 3000 ® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project and inclusion in the Russell 3000 index. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
Yahoo
6 days ago
- Business
- Yahoo
U.S. GoldMining to Join Russell 3000 Index
ANCHORAGE, Alaska, June 2, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the "Company") is pleased to announce that it has been added as a member of the broad-market Russell 3000® Index according to a preliminary list published by FTSE on its website in connection with its annual reconstitution of the index. The reconstitution is expected to take effect after the U.S. Market closes on June 27, 2025. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "It is a significant milestone to see the accomplishments of U.S. GoldMining be recognized through the preliminary inclusion in the Russell 3000® Index. This highlights the value creation at our Whistler Gold-Copper Project (the "Project") in Alaska in just over two years since going public with our IPO in April 2023. With the numerous high priority exploration targets at the Project, coupled with recently announced plans to commence an initial economic assessment, we are strongly encouraged by the potential to unlock significant additional value for stakeholders, especially when combined with recent all-time high gold prices and predicted strong future demand for copper." For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website. About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project and inclusion in the Russell 3000 index. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law. View original content to download multimedia: SOURCE U.S. GoldMining Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
U.S. GoldMining Highlights Northern Exploration Targets at the Whistler Gold-Copper Project, Alaska
ANCHORAGE, Alaska, May 27, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) ("U.S. GoldMining" or the Company") is pleased to provide further detail regarding its high priority exploration targets for the northern part of its Whistler Gold-Copper Project (the "Whistler Project" or the "Project") in Alaska, U.S.A. Highlights: The Whistler - Raintree mineral system, also referred to as the 'Whistler Orbit', comprises a classic 'porphyry cluster' spread over an area of approximately 5 x 5 km, containing multiple mapped and interpreted porphyry intrusions and including the established Whistler and Raintree West mineral resource deposits. Porphyry deposits are the primary source of copper globally and can also contain significant other metals such as gold, silver and molybdenum.1 Whistler represents a gold-rich variant of the porphyry family. Over 25 individual exploration targets are identified within the Whistler Orbit area, comprising a mix of mapped diorite porphyry rocks and/or surface geochemical anomalies, and interpreted diorite porphyry stocks and dykes from 3D magnetic modelling. The potential for new discoveries within the Whistler Orbit was exemplified by the recently announced drilling results south of Raintree West deposit (see news release dated February 10, 2025) which included 138.0 m at 0.99 g/t AuEq (comprised of 0.89 g/t Au and 0.05% Cu) plus 17.57 g/t Ag, 0.44% Pb and 0.95% Zn, located 500 meters south of the Raintree West deposit in an area with no previous drilling. The Company's 100% owned Whistler Project, which lies within the emerging West Susitna Mineral District located just 100 miles west of Anchorage, Alaska, encompasses a contiguous land package of 53,700 acres of State mining claims. The footprint of the existing gold-copper deposits makes up <1% of the total Project area. The Company is currently planning for potential future exploration programs to test the highest ranking gold ± copper ± silver targets identified to date and to develop phased exploration programs which could commence this coming summer. 1. For more information on porphyry deposits visit the USGS website Including: "A global database of porphyry copper deposits and prospects", March 4, 2025. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "The Whistler Gold-Copper Project is located within the West Susitna Mineral District, which contains established gold, copper and silver mineral resources, plus potential for other critical metals such as antimony and tungsten. The Whistler Project, located just 105 miles from Anchorage, Alaska, encompasses three known mineral systems containing existing gold-copper-silver deposits and numerous additional potential exploration targets. Located in the north of the claim group, the Whistler-Raintree Mineral System already contains two of the three deposits delineated to date and over 25 additional individual potential exploration targets identified over an area of approximately 5 x 5 km. Also known as the Whistler Orbit, this area is underlain by a large causative batholith which has spawned a 'porphyry cluster' of multiple high-level intrusive bodies prospective for porphyry-style gold-copper-silver mineralization. We have an established exploration methodology, including the ability to directly image the intrusive bodies by inversion modeling of magnetic survey data coupled with geochemical and alteration data that is helping to vector exploration towards the highest priority targets. We are excited about the potential for systematic exploration to unlock additional resource growth at Whistler." Whistler-Raintree Mineral System Exploration Targets The Company's geological analysis of Whistler indicates significant potential to build upon the Company's first two highly successful field seasons completed at Whistler during the summer of 2023 and 2024. Our growing database incorporates knowledge compiled from drilling, relogging of historical drill core, surface mapping and sampling, and geophysical processing and interpretation. Over 25 potential individual targets have been identified to date, and the Company is working though a systematic review of their geological attributes to rank each target and to develop priorities for future exploration programs. The Whistler Orbit area comprises a broad basin with low-lying gently sloping topography located between three mountain ranges. The flanks and lower parts of the basin are covered in variable thickness till and gravel deposits. Thicker deposits of till and gravel, see Figure 1 upper image, prevents direct surficial mapping and geochemical prospecting techniques and thus requires remote sensing techniques and/or drilling to penetrate the cover sequence to test the underlying bedrock for mineralization potential. One of the key remote sensing techniques used in gold-copper exploration is airborne magnetic surveying, where magnetometers attached to fixed-wing or rotary aircraft fly a grid pattern to map the distribution of magnetic minerals in the geology of the upper crust. Magnetic surveys are particularly useful for exploring for gold-copper porphyry -systems like Whistler, because both the host intrusive rock and the alteration associated with gold-copper mineralization can produce magnetite in sufficient quantities for detection by remote sensing. High magnetite concentrations in circular anomalies (when viewed in plan view), often referred to as 'bulls-eye' anomalies, can be directly targeted for on-ground exploration. Over recent years, 3D subsurface 'inversion' modelling has evolved to the point where we can approximate the geometry of the magnetic anomalies below surface. Using the known Whistler Deposit as a training dataset, the magnetics processing for Whistler Orbit has modelled dozens of high-level pipe-like porphyry intrusives coming close to surface – see Figure 1 lower image. Our geologists note that a number of magnetic inversion targets have similar scale to the Whistler Deposit host diorite-porphyry, while others represent smaller 'pencil' porphyries or dyke swarms. The Mammoth target is magnetically similar to the Whistler deposit, comprising a pipe- or plug-shaped interpreted intrusion with a similar diameter to the Whistler deposit and a 'cupola' located at its base. Mammoth is undrilled, but surface till sampling in 2024 revealed elevated gold, copper, silver and other pathfinder mineral values located proximal to the magnetic anomaly, and morphological analysis of recovered gold particles indicates irregular shaped grains which suggests a potential nearby source. The Big White and Sunbowl targets are interpreted broadly to be extensions north and south (respectively) of the Whistler deposit host porphyry system. Big White represents the northern extension of the Whistler deposit's magnetic and Induced Polarity ("IP") chargeability anomaly, which relates to phyllic alteration associated with porphyry mineralization (see Figure 1). Located to the south of Whistler, Sunbowl likewise represents a chargeability anomaly where mineralization may have been offset from the Whistler deposit by faulting or intrusion of post mineral porphyry. At Raintree North and East, historic drilling of bulls-eye magnetic targets intersected elevated gold, copper and silver assays, indicative of the right rock types and hydrothermal processes that could represent nearby porphyry-style mineralization. The peak intercept from historic drillhole WH11-034, drilled in 2011 at the Raintree North prospect, comprised 120.66 meters at 0.73 g/t AuEq (containing 0.46 g/t Au, 0.16% Cu & 1.68 g/t Ag) from 177.0 meters down hole, providing encouragement for the possibility of additional porphyry mineralization in an area that warrants additional drill testing. Hotfoot, located approx. 0.75 kilometers south of Raintree West deposit, comprises a large pipe-shaped magnetic feature similar to the host of the Whistler deposit. A single historic drill hole (RG11-032) intersected potassic and phyllic alteration suggestive of porphyry mineralization nearby. Also, the recently announced drill discovery (138.0 m at 0.99 g/t AuEq) located 500 meters south of Raintree West deposit, could represent distal veining from a relatively nearby porphyry source, for which Hotfoot is a potential candidate. The Company's geological analysis and exploration planning remains ongoing. Potential future exploration programs would be expected to run in parallel with the Company's previously announced initial economic assessment for the Project (see news release 15 April 2025), thereby seeking to develop Whistler's full potential by investigating not only the base case mine development potential of the existing resources, but also to build a pipeline of future potential resources which could feed into a larger potential mining opportunity at the Whistler Project in future. Start dates for exploration have not been determined yet. Technical Information Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, potential exploration targets, future work programs and the Project's exploration potential. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law. View original content to download multimedia: SOURCE U.S. GoldMining Inc. View original content to download multimedia:
Cision Canada
27-05-2025
- Business
- Cision Canada
U.S. GoldMining Highlights Northern Exploration Targets at the Whistler Gold-Copper Project, Alaska
The Whistler - Raintree mineral system, also referred to as the ' Whistler Orbit ', comprises a classic 'porphyry cluster' spread over an area of approximately 5 x 5 km, containing multiple mapped and interpreted porphyry intrusions and including the established Whistler and Raintree West mineral resource deposits. Porphyry deposits are the primary source of copper globally and can also contain significant other metals such as gold, silver and molybdenum. 1 Whistler represents a gold-rich variant of the porphyry family. Over 25 individual exploration targets are identified within the Whistler Orbit area, comprising a mix of mapped diorite porphyry rocks and/or surface geochemical anomalies, and interpreted diorite porphyry stocks and dykes from 3D magnetic modelling. The potential for new discoveries within the Whistler Orbit was exemplified by the recently announced drilling results south of Raintree West deposit (see news release dated February 10, 2025) which included 138.0 m at 0.99 g/t AuEq (comprised of 0.89 g/t Au and 0.05% Cu) plus 17.57 g/t Ag, 0.44% Pb and 0.95% Zn, located 500 meters south of the Raintree West deposit in an area with no previous drilling. The Company's 100% owned Whistler Project, which lies within the emerging West Susitna Mineral District located just 100 miles west of Anchorage, Alaska, encompasses a contiguous land package of 53,700 acres of State mining claims. The footprint of the existing gold-copper deposits makes up <1% of the total Project area. The Company is currently planning for potential future exploration programs to test the highest ranking gold ± copper ± silver targets identified to date and to develop phased exploration programs which could commence this coming summer. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented: "The Whistler Gold-Copper Project is located within the West Susitna Mineral District, which contains established gold, copper and silver mineral resources, plus potential for other critical metals such as antimony and tungsten. The Whistler Project, located just 105 miles from Anchorage, Alaska, encompasses three known mineral systems containing existing gold-copper-silver deposits and numerous additional potential exploration targets. Located in the north of the claim group, the Whistler-Raintree Mineral System already contains two of the three deposits delineated to date and over 25 additional individual potential exploration targets identified over an area of approximately 5 x 5 km. Also known as the Whistler Orbit, this area is underlain by a large causative batholith which has spawned a 'porphyry cluster' of multiple high-level intrusive bodies prospective for porphyry-style gold-copper-silver mineralization. We have an established exploration methodology, including the ability to directly image the intrusive bodies by inversion modeling of magnetic survey data coupled with geochemical and alteration data that is helping to vector exploration towards the highest priority targets. We are excited about the potential for systematic exploration to unlock additional resource growth at Whistler." Whistler-Raintree Mineral System Exploration Targets The Company's geological analysis of Whistler indicates significant potential to build upon the Company's first two highly successful field seasons completed at Whistler during the summer of 2023 and 2024. Our growing database incorporates knowledge compiled from drilling, relogging of historical drill core, surface mapping and sampling, and geophysical processing and interpretation. Over 25 potential individual targets have been identified to date, and the Company is working though a systematic review of their geological attributes to rank each target and to develop priorities for future exploration programs. The Whistler Orbit area comprises a broad basin with low-lying gently sloping topography located between three mountain ranges. The flanks and lower parts of the basin are covered in variable thickness till and gravel deposits. Thicker deposits of till and gravel, see Figure 1 upper image, prevents direct surficial mapping and geochemical prospecting techniques and thus requires remote sensing techniques and/or drilling to penetrate the cover sequence to test the underlying bedrock for mineralization potential. One of the key remote sensing techniques used in gold-copper exploration is airborne magnetic surveying, where magnetometers attached to fixed-wing or rotary aircraft fly a grid pattern to map the distribution of magnetic minerals in the geology of the upper crust. Magnetic surveys are particularly useful for exploring for gold-copper porphyry -systems like Whistler, because both the host intrusive rock and the alteration associated with gold-copper mineralization can produce magnetite in sufficient quantities for detection by remote sensing. High magnetite concentrations in circular anomalies (when viewed in plan view), often referred to as 'bulls-eye' anomalies, can be directly targeted for on-ground exploration. Over recent years, 3D subsurface 'inversion' modelling has evolved to the point where we can approximate the geometry of the magnetic anomalies below surface. Using the known Whistler Deposit as a training dataset, the magnetics processing for Whistler Orbit has modelled dozens of high-level pipe-like porphyry intrusives coming close to surface – see Figure 1 lower image. Our geologists note that a number of magnetic inversion targets have similar scale to the Whistler Deposit host diorite-porphyry, while others represent smaller 'pencil' porphyries or dyke swarms. The Mammoth target is magnetically similar to the Whistler deposit, comprising a pipe- or plug-shaped interpreted intrusion with a similar diameter to the Whistler deposit and a 'cupola' located at its base. Mammoth is undrilled, but surface till sampling in 2024 revealed elevated gold, copper, silver and other pathfinder mineral values located proximal to the magnetic anomaly, and morphological analysis of recovered gold particles indicates irregular shaped grains which suggests a potential nearby source. The Big White and Sunbowl targets are interpreted broadly to be extensions north and south (respectively) of the Whistler deposit host porphyry system. Big White represents the northern extension of the Whistler deposit's magnetic and Induced Polarity ("IP") chargeability anomaly, which relates to phyllic alteration associated with porphyry mineralization (see Figure 1). Located to the south of Whistler, Sunbowl likewise represents a chargeability anomaly where mineralization may have been offset from the Whistler deposit by faulting or intrusion of post mineral porphyry. At Raintree North and East, historic drilling of bulls-eye magnetic targets intersected elevated gold, copper and silver assays, indicative of the right rock types and hydrothermal processes that could represent nearby porphyry-style mineralization. The peak intercept from historic drillhole WH11-034, drilled in 2011 at the Raintree North prospect, comprised 120.66 meters at 0.73 g/t AuEq (containing 0.46 g/t Au, 0.16% Cu & 1.68 g/t Ag) from 177.0 meters down hole, providing encouragement for the possibility of additional porphyry mineralization in an area that warrants additional drill testing. Hotfoot, located approx. 0.75 kilometers south of Raintree West deposit, comprises a large pipe-shaped magnetic feature similar to the host of the Whistler deposit. A single historic drill hole (RG11-032) intersected potassic and phyllic alteration suggestive of porphyry mineralization nearby. Also, the recently announced drill discovery (138.0 m at 0.99 g/t AuEq) located 500 meters south of Raintree West deposit, could represent distal veining from a relatively nearby porphyry source, for which Hotfoot is a potential candidate. The Company's geological analysis and exploration planning remains ongoing. Potential future exploration programs would be expected to run in parallel with the Company's previously announced initial economic assessment for the Project (see news release 15 April 2025), thereby seeking to develop Whistler's full potential by investigating not only the base case mine development potential of the existing resources, but also to build a pipeline of future potential resources which could feed into a larger potential mining opportunity at the Whistler Project in future. Start dates for exploration have not been determined yet. Technical Information Tim Smith, Chief Executive Officer of U.S. GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Smith is a "qualified person" as defined in Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. For further information regarding the Project and the mineral resource estimates referenced herein, refer to the technical report summary titled "S-K 1300 Technical Report Summary Initial Assessment for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, and the technical report titled "NI 43-101 2024 Updated Mineral Resource Estimate for the Whistler Project, South Central Alaska" with an effective date of September 12, 2024, available under the Company's respective profiles at and About U.S. GoldMining Inc. U.S. GoldMining Inc. is an exploration and development company focused on advancing the 100% owned Whistler Gold-Copper Project, located 105 miles (170 kilometers) northwest of Anchorage, Alaska, U.S.A. The Whistler Project consists of several gold-copper porphyry deposits and exploration targets within a large regional land package entirely on State of Alaska Mining claims totaling approximately 53,700 acres (217.5 square kilometers). The Whistler Project Mineral Resource Estimate comprises 294 Mt at 0.68 g/t AuEq for 6.48 Moz AuEq Indicated, plus 198 Mt at 0.65 g/t AuEq for 4.16 Moz AuEq Inferred. Visit for more information, including high resolution figures. Forward-Looking Statements Except for the statements of historical fact contained herein, the information presented in this news release constitutes "forward-looking statements" within the meaning of the United States federal securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such statements include statements with regard to the Company's expectations regarding the Project, potential exploration targets, future work programs and the Project's exploration potential. Words such as "expects", "anticipates", "plans", estimates" and "intends" or similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on U.S. GoldMining's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the actual results of future exploration may not confirm expectations, variations in the underlying assumptions associated with the estimation or realization of mineral resources, the availability of capital to fund programs, accidents, labor disputes and other risks of the mining industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals or permits, title disputes other risks inherent in the exploration and development of mineral properties and the other risk factors set forth in the Company's filings with the U.S. Securities and Exchange Commission at. and Canadian Securities Administrators at Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release. Forward-looking statements contained in this news release are made as of this date, and U.S. GoldMining does not undertake any duty to update such information except as required under applicable law.
