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Yarumalito magnetics and drilling Credit: GoldMining[/caption]
ANTIOQUIA –
GoldMining has released a pit-constrained maiden resource estimate for the Yarumalito project, 75 km southwest of Medellin, with total inferred resources of 66.3 million tonnes grading 0.7 g/t gold-equivalent for a total of 1.5 million gold-equivalent oz.
Notably, this statement includes 9.1 million tonnes at 0.66 g/t gold-equivalent of oxide material, which contains 192,000 gold-equivalent oz.
“We are excited to announce this maiden resource for Yarumalito – another strategic acquisition our team identified and executed as part of our long-term plans of focused acquisitions in the Americas,” Garnet Dawson, the company’s CEO, said in a release. “These acquisitions have uniquely positioned us with one of the largest global resource-stage gold portfolios among mid and junior-tier mining companies.”
Yarumalito is one of three deposits that GoldMining holds within central Colombia’s Mid-Cauca gold belt. This project is 40 km south of the company's La Mina project, which hosts indicated resources of 28.2 million tonnes grading 1.12 g/t gold-equivalent for a total of 1 million gold-equivalent oz., plus inferred resources of 12.4 million tonnes at 1.1 g/t gold-equivalent.
The company’s Titiribi project, also within this prospective belt, features indicated resources of 234.2 million tonnes at 0.65 g/t gold-equivalent for a total of 4.9 gold-equivalent oz. and an additional 207.9 million inferred tonnes at 0.51 g/t gold-equivalent.
Past drilling at Yarumalito has focused on delineating a bulk tonnage target and returned additional intersections from high-grade epithermal veins. The company intends to focus its future work both on expanding the gold-copper porphyry as well as on delineating these high-grade structures.
The Balastreras-Escuela mineralized area at Yarumalito has been traced over an area of 1,700 metres by 400 metres to date and down to a depth of 600 metres. There are six additional targets for follow-up identified at the site.
For more information, visit
www.GoldMining.com.
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