GoldMining lifts global resource estimate with a million indicated ounces from Crucero

Americas-focused project developer GoldMining Inc has reported a new Canadian National Instrument 43-101-compliant resource estimate for its newly acquired Crucero project, in south-eastern Peru, adding about one-million ounces of gold in the indicated category to its global resource profile. The TSX-V-listed project consolidator, which bought the Crucero project from Lupaka Gold late last year, said the new estimate includes an indicated resource of 30.65-million tonnes grading 1 g/t gold for one-million ounces of gold and an inferred resource of 35.78-million tonnes grading 1 g/t gold for 1.1-million ounces of gold, using a 0.4 g/t gold cutoff grade.