Each one in plain English, with the numbers worked through for a shareholder.
21 Nov 2024resource reserve update● Neutral
The company filed the formal Canadian NI 43-101 technical report documenting the same updated Whistler resource estimate announced October 7 - a regulatory-format companion to that news, not a change in the figures.
Further 2024 assays confirmed a new high-grade zone in the western Whistler Deposit, identified through relogging and geochemical modeling: hole WH24-02 hit 120 meters at 1.00 g/t gold-equivalent.
U.S. GoldMining released its first major resource update since re-starting drilling: an Indicated resource of 294 million tonnes at 0.68 g/t gold-equivalent (6.48 million ounces) - up 117% from the 2022 estimate - plus an Inferred resource of 198 million tonnes (4.16 million ounces) at Whistler, with 12 additional under-explored targets identified nearby.
The 2024 drill program's initial results extended the 2023 discovery further: a re-entry of WH23-03 grew the high-grade intercept to 652.5 meters at 1.00 g/t gold-equivalent, while new drilling at the Raintree open-pit target also hit porphyry-style mineralization - a full 4,005-meter season completed.
U.S. GoldMining Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
U.S. GoldMining Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
U.S. GoldMining Inc. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
The company's first drilling at the Whistler Gold-Copper Project (Alaska) in over a decade delivered strong results: hole WH23-03 intersected 547 meters at 1.06 g/t gold-equivalent - the longest mineralized intercept ever recorded at the project - with the deposit remaining open at depth and along strike; a 10,000-meter follow-up program is planned for 2024.
U.S. GoldMining closed its IPO underwriting: 2,000,000 units (one share plus one warrant each) at $10.00/unit, led by H.C. Wainwright with BMO, Laurentian Bank Securities and Sprott Capital Partners, raising roughly $20 million gross.