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Titiribi

Project Snapshot

Project Overview

The Titiribí project is a copper-gold exploration project located 51 km from Medellín, Colombia's second-largest city. Nearby gold and copper projects include San Matias (Córdoba Minerals), Buriticá (Zijin Continental Gold), Zancudo (Denarius Gold), El Roble (Atico Mining), and Nuevo Chaquiro (AngloGold Ashanti-B2 Gold).

The Titiribí Project has measured & indicated resources of 7.88 million gold-equivalent ounces and inferred resources of 3.62 million gold-equivalent ounces.

Location
51 km southwest of Medellín, Antioquia.

Property Size
3,919 Ha

Ownership
100%

Commodity
Gold, Copper

Infrastructure
Paved Highway, water, and nearby electrical power grid

Deposit Type
Gold-copper porphyry and epithermal

Location

Titiribí Project Location

The Titiribí Project is in the Department of Antioquia, 51 km southwest of Medellín. The main facilities are located at 6°3'55" north latitude and 75°47'55" west longitude.

The Titiribí Project title covers an area of 3,919 hectares in the Titiribí Mining District, an important historic gold-silver producing region with a mining history of at least 200 years. The property, title L5085005, is 100% owned by Sunward Resources, a wholly owned subsidiary of Gold Mining Inc.

The camp facilities and core shed are accessible by paved road near the town of Titiribí.

Titiribi location

The Titiribí Project consists of a group of Miocene intrusive rocks of 7.5 to 7.0 Ma age, of which the Cerro Vetas porphyry is the most important and best mineralized. These porphyries intrude a basement of Lower Paleozoic to Cretaceous metamorphic rocks and an Upper Oligocene to Miocene sedimentary sequence. It is believed that some of these porphyries may be connected at depth. The intrusive rocks comprise diorites and monzonite. In addition to the gold-copper porphyry style mineralization, there is also low-temperature epithermal gold vein mineralization.

Activities:

  • Historic drilling completed: 270 holes (144,779 m)
  • 2021 Mineral Resource Estimate:
    • Measured & Indicated: 434.6 Mt grading 0.40 g/t gold (5.54 Moz), and 0.11% copper (1,061.2 Mlbs) or 0.56 g/t gold equivalent (7.88 Moz) at 0.30 g/t cut-off.
    • Inferred: 241.9 Mt grading 0.41 g/t gold (3.16 Moz), and 0.04% copper (212.6 Mlbs) or 0.47 g/t gold equivalent (3.62 Moz) at 0.30 g/t gold cut-off
  • Environmental assessment and stakeholder consultation activities.
  • Geological modelling and exploration target analysis.

See Resource statement

Resource Statement

Mineral Resource Estimate for Titiribí Project (June 14, 2021)1,2,3.

Titiribí Resource Statement

Notes:

  1. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources will be converted into mineral reserves. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
  2. The above global resource estimate table is provided for informational purposes only and is not intended to represent the viability of any project on a standalone or global basis. The exploration and development of each project, project geology and the assumptions and other factors underlying each estimate, are not uniform and will vary from project to project. Please refer to the technical report for each respective project, as referenced herein, for detailed information respecting each individual project.
  3. All quantities are rounded to the appropriate number of significant| figures; consequently, sums may not add up due to rounding.
  4. Gold cut-off based on g/t.
  5. Notes for Titiribi: see technical report titled "Technical Report on the Titiribi Project, Department of Antioquia, Colombia,” with an effective date of June 14, 2021, which is available at www.sedar.com under GoldMining Inc.’s SEDAR+ profile.

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