GoldMining to Acquire Almaden Gold Project in Idaho
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GoldMining Inc. has entered into an agreement with Sailfish Royalty Corp. and its subsidiary, to acquire a 100 percent interest in the Almaden Gold Project, located in west-central Idaho.
“This acquisition continues our strategy of consolidating quality resource-stage projects in the Americas. The transaction is a win for both companies as it is accretive to GoldMining, while allowing Sailfish to focus on its royalty business. Our next step after completing this acquisition will be to complete a current resource estimate on the project,” said Garnet Dawson, CEO of GoldMining.
The Almaden Project is located approximately 140 road km north of Boise and approximately 24 km east of Weiser in Washington County, Idaho. Access to the project is by well-maintained paved and gravel roads, which exit east of U.S. Highway 95 at Weiser. The closest high-voltage power transmission line (230 kV) is located 10 km east of the project. The project is comprised of two lease holdings (12 patented mining claims and one mining lease) and 210 unpatented lode mining claims for a total area of approximately 1,724 Ha.
The Almaden Project is one of several low-sulphidation epithermal gold deposits related to the Northern Nevada Rift that includes Hecla Mining Company’s Hollister and Midas Mines in northern Nevada, Integra Resources Corp.‘s Delamar and Florida Canyon projects in southwest Idaho and Paramount Gold Nevada Corp.‘s development-stage project across the border in Oregon.
About GoldMining Inc.
GoldMining is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, GoldMining now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia, and Peru. Additionally, GoldMining owns a 75 percent interest in the Rea Uranium Project, located in the Western Athabasca Basin of Alberta, Canada.
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