Grab Sources And More Key Details From The Company Presentation.
And as I mentioned above, GLDG has several potential catalysts to know ahead of Monday's opening bell. Check them out:
No. 1 GLDG Potential Catalyst - January News Suggests A Huge Discovery Estimate Upgrade
GoldMining Triples Gold Equivalent Inferred Resource Estimate To 1.45Mn Ounces At La Mina Project With La Garrucha Discovery
La Garrucha deposit adds approx. 1.0 million oz AuEq in the Inferred category and 0.2 million oz AuEq in the Indicated category
Updated Mineral Resource estimate inclusive of La Garrucha positions La Mina with 1.15 million oz AuEq Indicated and 1.45 million oz AuEq Inferred resources
DESIGNATED NEWS RELEASEVANCOUVER, BC, Jan. 23, 2023 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce an updated Mineral Resource estimate ("MRE") on its 100% owned La Mina Project located in the Middle Cauca Porphyry Belt, Antioquia, Colombia. The MRE includes a maiden resource estimate on the La Garrucha deposit which incorporates drilling completed by the Company in 2022.
Alastair Still, CEO of GoldMining, commented, "We are extremely pleased that the Company's first exploration drilling program at La Mina has identified a significant discovery at the La Garrucha deposit that has added over 1Mn gold equivalent ounces of estimated Inferred Resources and 200K gold equivalent ounces of estimated Indicated Resources to an already robust Mineral Resource estimate on our La Mina project. This exciting discovery has exceeded our expectations and builds upon the positive economics set out in our 2022 Preliminary Economic Assessment, which was based on the prior resource estimate for the project, exclusive of La Garrucha. Throughout, our team has maintained high standards of sustainable exploration and demonstrated our commitment to safety, effective stakeholder engagement and environmental stewardship.
With all-inclusive direct drilling costs by the Company at La Garrucha of under US$1.2Mn for our recent program, this discovery was made at a very efficient cost per ounce of estimated resource and exemplifies our strategy and progress of unlocking value from our portfolio of gold and gold-copper assets while maintaining a peer-leading balance sheet."
Tim Smith, Vice President Exploration of GoldMining, commented, "The updated Mineral Resource estimate at La Garrucha represents an unqualified success for the Company in applying its strategy of identifying the best value accretion opp's within our diverse portfolio of gold and gold-copper resource assets located throughout the Americas. From inception to execution, the drill program was expertly managed by our team in Colombia and the results demonstrate both the quality and further potential for additional discovery within the La Mina porphyry gold-copper mineral system. On the strength of this updated Mineral Resource estimate, the Company now looks forward to updating the La Mina Preliminary Economic Assessment (PEA) which we expect to complete on or around mid-2023."
Read the full article here.
No. 2 GLDG Potential Catalyst - Bullish Technicals Could Signal Big Things Ahead For GLDG
I'm telling you right now... Don't discount GLDG's bullish technical indicators.
At close on Friday, GLDG was displaying several triggered technical indicators across the short, medium term, and long term.
Barchart was reporting these as triggered:
Short Term Indicators
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50-200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
The website also shares its all-important "Trend Seeker" composite indicator is triggered.
Watch these technicals closely this week.
No. 3 GLDG Potential Catalyst - A TipRanks Reported $5.25 Target Provides Over 320+% Potential Upside
Wow. Over at TipRanks, I found this: