Latest news with #U.S.GoldMining
Cision Canada
4 days ago
- Business
- Cision Canada
U.S. GoldMining Advances Planning With State of Alaska Officials for Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
ANCHORAGE, Alaska, Aug. 11, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to provide an update with respect to discussions with representatives from the State of Alaska and Matanuska-Susitna Borough (" MSB") regarding plans to advance the West Susitna Access Project (" WSAP"). The Company is very pleased to report, based on discussions to date, continued strong support at all levels of government for the Whistler Gold-Copper Project (" Whistler" or the " Project") and that all critical elements of the WSAP, which will connect Whistler with existing highway, rail, power and port infrastructure, are moving forwards expeditiously with respect to design, environmental baseline studies, stakeholder engagement and permitting. U.S. GoldMining's President and Chief Executive Officer, Tim Smith, was invited to meet with Alaska Governor Mike Dunleavy on August 7, 2025, and with the Executive Director of the Alaska Industrial Development and Export Authority (" AIDEA") and the Commissioner of the Alaska Department of Transportation and Public Facilities (" ADOT&PF"), along with additional industry leaders representing resource development companies which are also advancing projects in the West Susitna Mineral District. The meeting included an update for industry representatives by AIDEA, which recently submitted a permit application for its 78.5 miles of proposed public and industry road (see AIDEA's news release dated July 25, 2025) that will connect Whistler with existing transportation and energy infrastructure in the eastern MSB. Mr. Smith also met with MSB Mayor, Edna DeVries, on August 6, 2025, to share updates on the Company's progress at Whistler and to hear about MSB's development plans at Port Mackenzie, located at the eastern terminus of the WSAP. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"We thank Governor Dunleavy and Mayor DeVries for their leadership in supporting plans to expedite the design, permitting and construction of the West Susitna Access Project. This transformative access initiative will directly connect Whistler with existing transportation and energy infrastructure within the greater Anchorage region of Southcentral Alaska; thus Whistler will be a direct beneficiary of the WSAP. As we advance our proposed initial economic assessment, which was previously announced on June 9, 2025, and mobilize teams into the field for the 2025 exploration program (see news release dated July 21, 2025), we remain committed to working collaboratively with all levels of government, regulatory agencies and other stakeholders in support of the WSAP and the long-term development of Whistler." About the Proposed West Susitna Access Project The WSAP comprises two elements: ADOT&PF's project to build 22-miles of new public road extending west from the existing road network in Southcentral Alaska, and a further 78.5-miles of public and industry road being led by AIDEA that will extend into the foothills of the Alaska Range, terminating at the Company's exploration camp near the Whisky Bravo airstrip (see Figure 2). The WSAP will connect existing road, power, rail and port infrastructure in the eastern MSB, with multiple natural resource development projects located in the West Susitna Mining District, including the Company's Whistler Project. Alaska Governor Mike Dunleavy was recently quoted (July 25, 2025): "AIDEA's West Susitna Road holds significant value for Alaskans, especially local residents seeking better access to hunting, fishing, recreation, and potential opportunities in mining, processing, and manufacturing. My administration and AIDEA are continually exploring ways to boost our economy and create well-paying jobs for families. This project presents a fantastic opportunity for Alaska to expand and generate revenue. I am dedicated to this initiative and to unlocking resources that will benefit all Alaskans." Matanuska-Susitna Borough Mayor Edna DeVries was also quoted (July 25, 2025): "The West Susitna Access Project represents more than just a road, it's a strategic investment in our region's future. This step by AIDEA to advance permitting shows real momentum toward opening long-overdue access for families, businesses, and future generations. Reliable road access means a stronger local economy and more opportunities for recreation and responsible development. I'm pleased to see this project progressing and look forward to the lasting benefits this will bring for the Mat-Su." Technical Information For further information regarding the Project 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 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. 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, planned work at the Project and the development of proposed infrastructure by the State of Alaska. 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, changes in government policy, 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.
Cision Canada
29-07-2025
- Business
- Cision Canada
GoldMining Inc. Highlights State of Alaska's Commitment to Critical Infrastructure Supporting U.S. GoldMining's Whistler Gold-Copper Project
VANCOUVER, BC, July 29, 2025 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD; NYSE American: GLDG) applauds the recent announcement by the State of Alaska and the Alaska Industrial Development and Export Authority (" AIDEA") regarding the submission of a permit application for the West Susitna Access Project (" WSAP"). This vital infrastructure initiative will unlock significant economic development potential in south central Alaska, potentially directly benefiting the Whistler Gold-Copper Project (" Whistler Project" or the " Project"), which is being advanced by U.S. GoldMining Inc. (" U.S. GoldMining"), a 79% owned subsidiary of GoldMining. On July 25, 2025, AIDEA announced (here) that it had submitted a Department of the Army Individual Permit application for the construction of the WSAP, a transformative 78.5-mile proposed access road across Alaska's Matanuska-Susitna Borough (" MSB") in south central Alaska. The WSAP is designed to connect to a separate road project being led by the Alaska Department of Transportation & Public Facilities that will extend 22-miles of new public and industry road westward from the existing road system. The WSAP would connect U.S. GoldMining's flagship gold-copper deposit with existing highway, rail, power and port infrastructure in the eastern MSB, where a large and skilled workforce resides in the tri-city municipalities of Anchorage, Palmer and Wasilla. The WSAP will provide year-round public access to currently remote State public lands and private lands within the MSB, as well as areas planned for resource development, including the Whistler Project. Alastair Still, CEO of GoldMining, commented: We strongly support and applaud the State of Alaska and AIDEA for taking decisive action to advance critical government-backed infrastructure that has the potential to unlock future resource extraction and long-term economic opportunities," said Alastair Still, CEO of GoldMining. "This initiative is a clear example of how targeted government infrastructure investment can serve as a catalyst for responsible mineral development. As the majority owner of U.S. GoldMining, we recognize the value that the West Susitna Access Project brings to unlocking Whistler's potential, while creating jobs, driving investment, and supporting long-term economic growth in Alaska. With copper and gold prices surging and the Trump administration pursuing policies that support domestic resource security, we believe this is an ideal moment to advance a U.S.-based gold-copper project like the Whistler Project. The Project is well positioned to benefit from these favorable market and policy conditions in combination with being actively advanced through the recently commenced initial economic assessment and upcoming exploration program." For further information regarding the Whistler Project refer to 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 GoldMining's profile at Qualified Person Tim Smith, P. Geo., Vice President Exploration of GoldMining, has supervised the preparation of, and verified and approved, all other scientific and technical information herein this news release. Mr. Smith is also a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About GoldMining Inc. GoldMining Inc. 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 24.6 million shares of NevGold Corp. (TSXV: NAU). See for additional information. 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 its and U.S. GoldMining's projects, planned work at the Whistler Project and the development of proposed infrastructure by the State of Alaska relating to such project, 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.
Cision Canada
28-07-2025
- Business
- Cision Canada
U.S. GoldMining Applauds State of Alaska's Plans to Advance Critical Road Infrastructure to the Whistler Gold-Copper Project, Alaska
, July 28, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") strongly commends the State of Alaska's recent announcement that the Alaska Industrial Development and Export Authority (" AIDEA") has submitted a permit application for the West Susitna Access Project (" WSAP"). This transformative infrastructure initiative will directly connect the Whistler Gold-Copper Project (" Whistler", or the " Project") via road with existing transportation infrastructure in the greater Anchorage region of south central Alaska. On July 25, 2025, AIDEA announced (here) that it had submitted a Department of the Army (" DA") Individual Permit application for the construction of the WSAP, a 78.5-mile access road across Alaska's Matanuska-Susitna Borough (" MSB") in south central Alaska. The WSAP will connect Whistler with existing highway, rail, power and port infrastructure in the eastern MSB, where a large and skilled workforce resides in the tri-city municipalities of Anchorage, Palmer and Wasilla. The WSAP will provide year-round public access to currently remote State public lands and private lands within the MSB, as well as areas planned for resource development, including the Whistler Project. The WSAP will begin approximately 1.4 miles west of Alexander Creek and extend to the Whiskey Bravo airstrip and the Company's Whistler mineral exploration claims and camp site, where it will terminate approximately 2 miles from the Project's flagship Whistler gold-copper deposit. The AIDEA announcement included a quote from Alaska Governor Mike Dunleavy, who stated: "AIDEA's West Susitna Road holds significant value for Alaskans, especially local residents seeking better access to hunting, fishing, recreation, and potential opportunities in mining, processing, and manufacturing. My administration and AIDEA are continually exploring ways to boost our economy and create well-paying jobs for families. This project presents a fantastic opportunity for Alaska to expand and generate revenue. I am dedicated to this initiative and to unlocking resources that will benefit all Alaskans." Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"This announcement by the State of Alaska marks a pivotal moment for U.S. GoldMining. It delivers on the State's policy under Governor Dunleavy's administration, of investing in critical infrastructure to stimulate growth in Alaska's economy, which was an important catalyst for the Company's decision to launch its initial public offering in 2023. Whistler will be a direct beneficiary of the West Susitna Access Project, which is now currently under application to extend directly onto the Company's 100% owned State of Alaska mining claims, thereby connecting a potential future mining opportunity at Whistler to existing road, power, rail and port infrastructure near Anchorage." "With copper increasingly recognized as a critical mineral for the United States' clean energy transition and resource and economic security, U.S. GoldMining is well positioned to contribute to this national priority. Strong Federal and State government support - reflected in permitting momentum and recent policy developments (see news releases dated January 27, 2025, and March 24, 2025) - underscores the strategic value of advancing domestic copper supply. Coupled with near all-time high prices for copper, gold and silver, and the continued expansion of the Project's mineral resources, we believe the Company offers a compelling investment opportunity. As we advance our proposed initial economic assessment, which was previously announced on June 9, 2025, and prepare for the upcoming 2025 exploration program (see news release dated July 21, 2025), we remain committed to working collaboratively with all levels of government, regulatory agencies and stakeholders in support of the WSAP and the long-term development of Whistler." About the Proposed West Susitna Access Project The WSAP comprises an approximately 79-mile-long transportation corridor across the Susitna valley commencing at Alexander Creek, which is the terminus of the Alaska Department of Transportation and Public Facilities (" DOT&PF") planned 22 mile public road, and from there it will extend to the foothills of the Alaska Range, terminating at the Company's exploration camp near the Whisky Bravo airstrip (see Figure 1). The WSAP will connect existing road, power, rail and port infrastructure in the eastern MSB, with multiple natural resource development projects located in the West Susitna Mining District, including the Company's Project. Technical Information 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 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. 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, planned work at the Project and the development of proposed infrastructure by the State of Alaska. 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, changes in government policy, 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.
Cision Canada
21-07-2025
- Business
- Cision Canada
GoldMining Inc. Unlocks Strategic Copper Value Amid Historic Price Surge
VANCOUVER, BC, July 21, 2025 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is advancing its gold-copper strategy across the Americas in response to copper prices surging to near-record highs, up approximately 20% year-over-year. As global electrification, clean energy deployment, and U.S. trade policy intensify copper demand, GoldMining seeks to leverage its extensive portfolio of resource-stage gold and gold-copper projects to unlock significant value for shareholders. The Company's diversified holdings include 100%-owned projects with estimated mineral resources of over 1.2 billion pounds of copper in Measured and Indicated ("M&I") categories and a further 0.5 billion pounds in the Inferred category (see Table 1). In addition, the Company has a strategic ownership of approximately 79% of U.S. GoldMining Inc. ("U.S. GoldMining"), that owns the Whistler Gold-Copper Project in Alaska that hosts over 1 billion pounds of copper in estimated Indicated resources, and over 300 million pounds copper in estimated Inferred resources, alongside gold and silver (see Table 2). GoldMining's portfolio includes over a dozen projects located in tier-one mining jurisdictions, many of which contain multi-million-ounce estimated gold resources accompanied by substantial copper mineralization. The Company's aggregated estimated mineral resources (see Table 1) include approximately 12.4 million gold equivalent ounces in the M&I categories, and a further 9.1 million gold equivalent ounces in the Inferred category. The Company's estimated mineral resources are exclusive of those reported by U.S. GoldMining (see Table 2). GoldMining owns approximately 9.9 million shares of U.S. GoldMining (Nasdaq: USGO), representing an approximate 79% ownership, with a market value of approximately CAD$119 million, based on the closing price of such shares on July 18, 2025. Alastair Still, CEO of GoldMining, commented: "Copper is not only a critical metal for the energy transition, it is now a matter of national interest for governments across the Americas. GoldMining is uniquely positioned with a diversified portfolio that includes multiple resource-stage gold and gold-copper projects containing significant copper resources, including our interest in the Whistler Gold-Copper Project in Alaska, as well as the La Mina, Titiribi and Yarumalito projects which comprise our Colombian assets. The recent price appreciation of copper, gold and silver highlights the embedded, and in many ways underappreciated, value within our portfolio. Thus, we believe GoldMining offers shareholders a compelling exposure to upside potential for both gold and copper as we advance our projects and as demand for these critical metals accelerates globally." Table 1. GoldMining's Aggregated Estimated Measured, Indicated and Inferred Resource Statement across all its Projects 1,2,3. Notes to Table 1: 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues. 2. The above global resource estimate table is provided for informational purposes only and is not intended to represent the viability of any project on a standalone or global basis. The exploration and development of each project, project geology and the assumptions and other factors underlying each estimate, are not uniform and will vary from project to project. Please refer to the technical report for each respective project, as referenced herein, for detailed information respecting each individual project. 3. All quantities are rounded to the appropriate number of significant figures; consequently sums may not add up due to rounding. 4. Gold cut-off based on g/t for all projects except for Whistler, which is gold equivalent cut-off and is based on a NSR US$/t 5. Notes for Titiribi: Based on technical report titled "Technical Report on the Titiribi Project, Department of Antioquia, Colombia" with an effective date of June 14, 2021, which is available at under GoldMining's SEDAR+ profile. 6. Notes for Yellowknife: Based on technical report titled "Independent Technical Report Yellowknife Gold Project Northwest Territories, Canada" with an effective date of March 1, 2019, and amended and re-stated on June 9, 2021 which is available at under GoldMining's SEDAR+ profile. 7. Notes for Sao Jorge: Based on technical report titled "NI 43-101 Technical Report, São Jorge Project, Pará State, Brazil" with an effective date of January 28, 2025, which is available at under GoldMining's SEDAR+ profile. 8. Notes for Cachoeira: Based on technical report titled "Technical Report and Resource Estimate on the Cachoeira Property, Pará State, Brazil" with an effective date of April 17, 2013 and amended and re-stated October 2, 2013, which is available at under GoldMiningꞌs SEDAR+ profile. 10. Notes for La Mina: Based on technical report titled "NI 43-101 Technical Report and Preliminary Economic Assessment for the La Mina Project", with an effective date of July 24, 2023 which is available at under GoldMining's SEDAR+ profile. 11. Notes for Crucero: Based on technical report titled "Technical Report on the Crucero Property, Carabaya Province, Peru" with an effective date of December 20, 2017, which is available at under GoldMining's SEDAR+ profile. 12. Notes for Yarumalito: Based on a technical report titled "Technical Report: Yarumalito Gold-Copper Property, Departments of Antioquia and Caldas, Republic of Colombia" with an effective date of April 1, 2020, which is available at under GoldMining's SEDAR+ profile. Table 2: Mineral Resource Estimate for the Whistler Gold-Copper Project (Effective date: September 12, 2024): Notes to Table 2: 1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. 2. Inferred mineral resources are subject to uncertainty as to their existence and as to their economic and legal feasibility. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability. 3. The mineral resource estimate for the Whistler, Island Mountain, and the upper portions of the Raintree West deposits have been confined by an open pit with "reasonable prospects of economic extraction" using the following assumptions: Metal prices of US$1,850/oz gold (Au), US$4.00/lb copper (Cu) and US$23/oz silver (Ag); Payable metal of 95% payable for Au and Ag, and 96.5% payable for Cu; Refining costs for g of US$8.00/oz, for Ag of US$0.60/oz and for Cu of US$0.05/lb; Offsite costs for Au of US$77.50/wmt, for Ag of US$3.50/wmt and for Cu of US$55.00/wmt; Royalty of 3% net smelter return royalty (NSR); Pit slopes are 50 degrees; Mining cost of US$2.25/t for waste and mineralized material; and Processing, general and administrative costs of US$7.90/t. 4. The lower portion of the Raintree West deposit has been constrained by a mineable shape with "reasonable prospects of eventual economic extraction" using a US$25.00/t cut-off. 5. Metallurgical recoveries are: 70% for Au, 83% for Cu, and 65% Ag for Ag grades below 10g/t. The Ag recovery is 0% for values above 10g/t for all deposits. 6. The NSR equations are: below 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$54.646/t) + (Cu*83%*US$3.702*2204.62 + Ag*65%*US$0.664)), and above 10g/t Ag: NSR (US$/t)=(100%-3%)*((Au*70%*US$56.646g/t) + (Cu*83%*US$3.702*2204.62)). 7. The Au Equivalent equations are: below 10g/t Ag: AuEq=Au + Cu*1.771 +0.0113Ag, and above 10g/t Ag: AuEq=Au + Cu*1.771. 8. The specific gravity for each deposit and domain ranges from 2.76 to 2.91 for Island Mountain, 2.60 to 2.72 for Whistler with an average value of 2.80 for Raintree West. 9. Numbers may not add due to rounding. For further information regarding the Whistler Project and the mineral resource estimate for such project referenced herein, refer to 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 GoldMining's profile at Qualified Person Tim Smith, P. Geo., Vice President Exploration of GoldMining, has supervised the preparation of, and verified and approved, all other scientific and technical information herein this news release. Mr. Smith is also a qualified person as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (" NI 43-101"). About GoldMining Inc. GoldMining Inc. 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 24.8 million shares of NevGold Corp. (TSXV: NAU). See for additional information. Notice to Readers Technical disclosure regarding the Company's projects 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 its and U.S. GoldMining's projects and demand for copper and gold 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.
Cision Canada
21-07-2025
- Business
- Cision Canada
U.S. GoldMining Announces 2025 Exploration Program Targeting Continued Growth at the District Scale Whistler Gold-Copper Project, Alaska
, July 21, 2025 /CNW/ - U.S. GoldMining Inc. (NASDAQ: USGO) (" U.S. GoldMining" or the " Company") is pleased to provide an update on the Whistler Gold-Copper Project (the " Project") in Alaska, U.S.A. The Company is currently preparing and mobilizing for the 2025 field season which will focus on developing new potential porphyry gold-copper drill targets within the Whistler Orbit and undertaking follow-up mapping and sampling at the Muddy Creek prospect. 2025 Planned Exploration Program Highlights: The 2025 exploration program expands the scope from previous seasons, which focused on delineating and growing the Whistler deposit. As the Company advances its previously announced initial assessment study (" PEA") for the Project (see news release dated June 9, 2025) with the objective of defining a potential economic base-case mining opportunity, the Company's exploration focus now turns to developing a pipeline of exploration targets at the district-scale, which aims to deliver additional future potential mineral resources over the longer term. The focus of the planned 2025 exploration program (the " Program") is to develop new drill targets for potential gold-copper mineralization within the Whistler – Raintree mineral system, also referred to as the ' Whistler Orbit ', which 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. The Program will also include follow-up mapping and sampling of the Muddy Creek mineral system – a large gold-in-soil geochemical footprint over an area of approximately 6 km x 4 km with an intrusion-related gold geochemical signature. Tim Smith, Chief Executive Officer of U.S. GoldMining, commented:"The near all-time high prices for gold, copper and silver create an ideal environment to advance the Project on multiple fronts. Thus, as the Company progresses its initial assessment study, we are excited to also announce our 2025 exploration plans. The Program will build upon the geological advances made in 2023 and 2024, with the objective to develop a pipeline of targets and potential future mineral resources to underpin the Project over the longer term. The three established mineral deposits which comprise the existing Project mineral resource estimate - Whistler, Raintree and Island Mountain - occupy only ~1% of the Company's land holdings, highlighting the broader exploration potential for the Project. Across our large land package, located 100% on State of Alaska Mining claims, we have identified numerous additional porphyry and intrusion related targets, ranging from early stage gold-in-soil and geophysical anomalies through to more advanced drill targets. The Program, to be funded from existing treasury, will have the objective of delivering new targets for systematic follow-up via future drilling programs. We look forward to providing updates on progress and results as the Program advances." 2025 Program Details The Company is readying to mobilize field teams to the Project in the coming weeks and expects to commence drilling shortly thereafter at the Whistler – Raintree mineral system (see Figure 1). Exploration will initially comprise shallow base of till / top of bedrock auger drilling, utilizing a small mobile 'shock auger' drill which specializes in penetrating unconsolidated till deposits to rapidly and cost effectively test multiple near surface target areas. The objective of this drilling is to vector towards fertile porphyry intrusions and define future deeper follow-up drill targets. The Company has defined over 25 individual potential exploration targets within the Whistler – Raintree mineral system, comprising geophysical signatures similar to the known Whistler deposit. Muddy Creek previous exploration included reconnaissance historic rock chip sampling which returned 73 samples that assayed >1 gram per tonne gold (" g/t Au"), including 20 samples which assayed >10 g/t Au, and peak values of 111.50 g/t Au, 69.13 g/t Au and 56.6 g/t Au (see news release dated June 16, 2025). Mapping and follow-up sampling this field season will aim to map the intrusion related mineral system to define zones of higher density quartz veining, potentially located within the upper parts of the host granitoid intrusion, with the overall objective to define targets for a future follow-up drilling program. Technical Information 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 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. 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, its planned exploration program and initial economic assessment at the Project 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.
