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GoldMining Edging Up In US Premarket As Starts Exploration Drilling Program at Yarumalito Gold-Copper Project

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GoldMining (GOLD.TO) has commenced an exploration-focused core drilling program on its Yarumalito gold-copper project in Colombia, the company said on Tuesday.

The fully funded, 1,200-meter drill program will follow up on high priority targets previously identified through comprehensive relogging of historical core, it added, while the company is also testing new zones of potential bedrock mineralization in under-drilled portions of the P-1 porphyry unit, the principal host of gold-copper mineralization at Yarumalito.

"This large, highly accessible gold-copper porphyry system remains open in all directions and the targeted drill program is our first step in seeking to unlock the substantial step-out growth potential of the mineralized P-1 host unit," said Alastair Still, president and chief executive officer of GoldMining.

Its shares rose 2.6% in Canada yesterday.

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