U.S. GoldMining Inc. Completes Largest Exploration Campaign at Whistler Gold‑Copper Project

U.S. GoldMining Inc. (NASDAQ: USGO) announced the completion of its 2026 exploration drill program at the company’s 100 % owned Whistler Gold‑Copper Project in Alaska. The program, described by the company as its largest since inception, involved 7,493 m of core drilling across 17 holes within the Whistler Orbit area.

Drill Program Scope and Objectives

  • Total Drilling: 7,493 m in 17 core holes.
  • Target Areas: Ten high‑priority drill targets within the Whistler Orbit.
  • Purpose: To delineate new gold‑copper mineralized porphyry intrusions, extend existing mineralized systems, and enhance geological understanding of the project.

Project Context

  • Ownership: 100 % owned by U.S. GoldMining.
  • Land Package: 53,700 acres in the Yentna Mining District, approximately 150 km northwest of Anchorage, Alaska.
  • Existing Resources:
  • 5.41 million gold‑equivalent ounces (AuEq) in the indicated category.
  • 4.97 million AuEq ounces in the inferred category across the Whistler, Raintree West, and Island Mountain deposits.

Significance of the Program

The drilling program is the most extensive undertaken by U.S. GoldMining to date. By systematically testing district‑scale mineral systems, the company aims to identify additional porphyry intrusions and broaden the known mineralization footprint. The Whistler Orbit is characterized as a classic porphyry cluster spanning a 7.5 km × 4.5 km area, containing the existing Whistler and Raintree deposits, while the southern portion hosts the Island Mountain mineral system.

Current Financial Snapshot (as of 2026‑09‑20)

  • Close Price: $7.12
  • 52‑Week High: $17.98 (2026‑01‑25)
  • 52‑Week Low: $7.09 (2026‑09‑20)
  • Market Capitalization: $106.67 million
  • Price/Earnings Ratio: –9.16

U.S. GoldMining’s focus on exploration in the Alaskan Yentna Mining District continues to position the company within the materials sector, providing services and resources to global customers. Further details on operations and updates are available on the company’s website at www.us.goldmining.com .