GoldMining (TSX: GOLD; NYSE: GLDG) has launched an up to date useful resource estimate for its 100%-owned Whistler challenge within the Yentna mining district of Alaska, 150 km northwest of Anchorage.
The up to date useful resource contains the Whistle, Island Mountain, and Raintree West gold-copper deposits and has delineated 118.2 million indicated tonnes grading 0.51 gram gold per tonne, 2.19 grams silver per tonne, and 0.16% copper (0.79 gram gold-equivalent per tonne) for 1.94 million oz. contained gold, 8.33 million oz. of silver, and 422 million lb. of copper (2.99 million gold- equal ounces). Inferred assets add 316.98 million tonnes of 0.46 grams gold, 1.58 grams silver, and 0.1% copper (0.63 gram gold-equivalent per tonne) for 4.67 million oz. of gold, 16.06 million oz. of silver, and 711.4 million lb. of copper (6.45 million gold-equivalent ounces).
Whistler is “at present one of many largest recognized mineral assets in Alaska, a confirmed mining jurisdiction,” Alastair Nonetheless, GoldMining’s CEO, said in a press launch.
The up to date useful resource “is constrained by an optimized pit shell that includes up to date working prices and metallic worth assumptions that issue worth will increase since 2016.”
In contrast with the 2016 useful resource estimate, indicated assets for gold, silver, and copper have elevated by 9.9%, 35.9%, and 23%, respectively. Inferred assets elevated by 0.9% for gold, with silver and copper lowering by 29% and 0.3%, respectively.
The corporate is at present evaluating potential exploration actions to raised outline and broaden present mineral assets on the 17,159-hectare challenge.
The Whistler and Raintree West deposits are accessible by way of an entry street, and the Island Mountain deposit, 23 km south of the camp, is accessed by helicopter.
At press time in Toronto, GoldMining was buying and selling at $1.82 per share inside a 52-week buying and selling vary of $1.56 and $3.85. The corporate has about 150 million widespread shares excellent for a $272.1-million market capitalization.