G2 Announces Further Exploration Alliances
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced the acquisition of two strategic property packages in Region 7, Guyana. The first property ('Property A') spans 5,457 acres adjacent to G2's current holdings in the OKO-AREMU district, featuring 4 km of strike length along the Bartica Batholith contact. The second acquisition ('Property B') encompasses 20,739 acres with a 6 km strike length shear zone, notable for surface gold nuggets and visible gold in quartz vein outcrop.
The Oko-Aremu area currently hosts gold resources exceeding 7.8 million ounces, with an updated mineral resource estimate expected in the coming weeks. The company continues drilling high-grade mineralization corridors northward. Neither property has undergone modern exploration techniques, presenting significant exploration potential. G2 is mobilizing resources to explore these newly acquired areas and plans to announce additional partnerships to strengthen its regional position.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha annunciato l'acquisizione di due pacchetti di proprietà strategici nella Regione 7, in Guyana. La prima proprietà ('Proprietà A') si estende per 5.457 acri adiacente alle attuali partecipazioni di G2 nel distretto di OKO-AREMU, con una lunghezza di 4 km lungo il contatto del Bartica Batholith. La seconda acquisizione ('Proprietà B') comprende 20.739 acri con una zona di taglio di 6 km, nota per la presenza di pepite d'oro in superficie e oro visibile nei affioramenti di vene di quarzo.
L'area di Oko-Aremu ospita attualmente risorse d'oro superiori a 7,8 milioni di once, con una stima aggiornata delle risorse minerarie attesa nelle prossime settimane. L'azienda continua a perforare corridoi di mineralizzazione ad alta legge verso nord. Nessuna delle proprietà ha subito tecniche di esplorazione moderne, presentando un significativo potenziale di esplorazione. G2 sta mobilitando risorse per esplorare queste nuove aree acquisite e prevede di annunciare ulteriori partnership per rafforzare la propria posizione regionale.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha anunciado la adquisición de dos paquetes de propiedades estratégicas en la Región 7, Guyana. La primera propiedad ('Propiedad A') abarca 5,457 acres adyacentes a las actuales tenencias de G2 en el distrito de OKO-AREMU, con una longitud de 4 km a lo largo del contacto del Batolito Bartica. La segunda adquisición ('Propiedad B') comprende 20,739 acres con una zona de corte de 6 km, notable por los nueces de oro en la superficie y el oro visible en el afloramiento de vetas de cuarzo.
El área de Oko-Aremu alberga actualmente recursos de oro que superan las 7.8 millones de onzas, con una estimación actualizada de recursos minerales esperada en las próximas semanas. La empresa continúa perforando corredores de mineralización de alta ley hacia el norte. Ninguna de las propiedades ha sido objeto de técnicas modernas de exploración, lo que presenta un potencial significativo de exploración. G2 está movilizando recursos para explorar estas áreas recién adquiridas y planea anunciar asociaciones adicionales para fortalecer su posición regional.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF)는 가이아나 제7지역에서 두 개의 전략적 부동산 패키지를 인수했다고 발표했습니다. 첫 번째 부동산('부동산 A')은 OKO-AREMU 지구에서 G2의 현재 보유지와 인접한 5,457 에이커를 차지하며, Bartica Batholith 접촉을 따라 4km의 스트라이크 길이를 가지고 있습니다. 두 번째 인수('부동산 B')는 20,739 에이커를 포함하며 6km 스트라이크 길이의 전단대가 특징으로, 표면에서 금 조각과 석영 vein 노출에서 가시적인 금이 발견됩니다.
Oko-Aremu 지역은 현재 780만 온스 이상의 금 자원을 보유하고 있으며, 향후 몇 주 내에 업데이트된 광물 자원 추정치가 예상됩니다. 회사는 북쪽으로 고품질 광물화 회랑을 계속 탐사하고 있습니다. 두 부동산 모두 현대 탐사 기술이 적용되지 않아 상당한 탐사 잠재력을 제공합니다. G2는 새로 인수한 지역을 탐사하기 위해 자원을 동원하고 있으며, 지역 내 입지를 강화하기 위한 추가 파트너십을 발표할 계획입니다.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) a annoncé l'acquisition de deux paquets de propriétés stratégiques dans la région 7, en Guyane. La première propriété ('Propriété A') s'étend sur 5 457 acres adjacents aux participations actuelles de G2 dans le district d'OKO-AREMU, avec une longueur de 4 km le long du contact du Batholite de Bartica. La seconde acquisition ('Propriété B') couvre 20 739 acres avec une zone de cisaillement de 6 km de long, remarquable pour ses pépites d'or en surface et de l'or visible dans les affleurements de veines de quartz.
La zone d'Oko-Aremu abrite actuellement des ressources en or dépassant 7,8 millions d'onces, avec une estimation mise à jour des ressources minérales attendue dans les prochaines semaines. L'entreprise continue de forer des corridors de minéralisation de haute qualité vers le nord. Aucune des propriétés n'a fait l'objet de techniques d'exploration modernes, ce qui présente un potentiel d'exploration significatif. G2 mobilise des ressources pour explorer ces nouvelles zones acquises et prévoit d'annoncer des partenariats supplémentaires pour renforcer sa position régionale.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) hat die Akquisition zweier strategischer Grundstückspakete in Region 7, Guyana, bekannt gegeben. Das erste Grundstück ('Grundstück A') erstreckt sich über 5.457 Acres in der Nähe der aktuellen Bestände von G2 im OKO-AREMU-Distrikt und verfügt über eine Streckenlänge von 4 km entlang des Bartica Batholith-Kontakts. Die zweite Akquisition ('Grundstück B') umfasst 20.739 Acres mit einer Scherzone von 6 km Streckenlänge, die für Oberflächen-Goldnuggets und sichtbares Gold im Quarzgang-Afllorierung bekannt ist.
Das Gebiet Oko-Aremu beherbergt derzeit Goldressourcen von über 7,8 Millionen Unzen, wobei in den kommenden Wochen mit einer aktualisierten Schätzung der Mineralressourcen gerechnet wird. Das Unternehmen bohrt weiterhin in hochgradigen Mineralisierungs-Korridoren nach Norden. Keine der Immobilien hat moderne Erkundungstechniken durchlaufen, was ein erhebliches Erkundungspotenzial bietet. G2 mobilisiert Ressourcen, um diese neu erworbenen Gebiete zu erkunden und plant, weitere Partnerschaften anzukündigen, um seine regionale Position zu stärken.
- Current gold resources exceed 7.8 million ounces in the Oko-Aremu area
- Strategic acquisition of 26,196 total acres of prospective gold properties
- Upcoming updated mineral resource estimate announcement
- Presence of visible gold and gold nuggets in Property B
- Expansion of land position in proven gold-bearing district
- Both properties lack modern exploration data
- Additional capital expenditure required for exploration of new properties
TORONTO, Feb. 12, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce it has entered into definitive agreements to acquire two highly prospective property packages in Region 7, Guyana. The alliances further expand and compliment the Company’s already extensive regional targets. The Oko-Aremu area hosts world class gold resources, with a total resource exceeding 7.8 million ounces. G2 expects to publish an updated mineral resource estimate (MRE) in the coming weeks, whilst continuing to aggressively drill the corridors of high grade mineralization extending to the north.
‘Property A’ (5,457 acres) is adjacent to G2’s current holdings in the OKO-AREMU district. The properties include 4 km of strike length of a prominent North to North-east trending corridor along the contact of the Bartica Batholith and strongly deformed greenstone volcanics and sediments. The geological setting is similar to that which hosts G2’s OMZ and Ghanie gold zones located approximately 10km to the south along the same contact zone. The Property has never been subject to modern exploration techniques.
‘Property’ B (20,739 acres) contains at least a 6 km strike length of a very large-scale shear zone that is interpreted to be on the margin of a lower volcanic sequence and upper sedimentary basin – an ideal geological setting for the discovery of large gold deposits. A significant amount of angular gold nuggets and chips have been, and continue to be, produced from surface workings by the property vendor. Significantly, these nuggets and chips occur within first order creeks adjacent to the interpreted shear zone. Additionally, a quartz vein outcrop with visible gold occurs on the western extent of this very extensive property. G2 is currently mobilizing significant resources into the district which has never been subject to modern exploration techniques.
Patrick Sheridan, G2 Executive Chairman, stated, “G2 continues to execute on its highly successful regional strategy of partnering with local mining entities to explore, define, and develop the region’s significant gold resources. We are
Mr. Sheridan further stated, “We will be announcing additional partnerships in the near future, further establishing our dominant position in the region. G2 remains an exciting growth story with multiple drill programs currently being conducted across the district. We are laser focused on the development of the Guyanese gold mining industry.”
About G2 Goldfields Inc.
The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana’s largest gold mine [RPA, 43-101, Technical Report on the Aurora Gold Mine, March 31, 2020].
In April 2024, G2 announced an Updated Mineral Resource Estimate (“MRE”) for the Oko property in Guyana [see press release dated April 03, 2024]. Highlights of the Updated MRE include:
Total combined open pit and underground Resource for the Oko Main Zone (OMZ):
- 495,000 oz. Au – Inferred contained within 2,413,000 tonnes @ 6.38 g/t Au
- 686,000 oz. Au – Indicated contained within 2,368,000 tonnes @ 9.03 g/t Au
Total combined open pit and underground Resource for the Ghanie Zone:
- 604,000 oz. Au – Inferred contained within 12,216,000 tonnes @ 1.54 g/t Au
- 236,000 oz. Au – Indicated contained within 3,344,000 tonnes @ 2.20 g/t Au
The MRE was prepared by Micon International Limited with an effective date of March 27, 2024. Significantly, the updated mineral resources lie within 500 meters of surface. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.
Anglo Gold Ashanti (NYSE:AU) currently holds 35,948,965 shares representing
All scientific and technical information in this news release has been reviewed and approved by Dan Noone (CEO of G2 Goldfields Inc.), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc. Geology, MBA) is a Fellow of the Australian Institute of Geoscientists.
Additional information about the Company is available on SEDAR+ (www.sedarplus.ca) and the Company's website (www.g2goldfields.com).
For further information, please contact:
Dan Noone CEO
+1 416.628.5904
news@g2goldfields.com
Forward-Looking Statements
This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “may”, “might”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information and/or statements. Forward- looking statements and/or information are based on a number of material factors, expectations and/or assumptions of G2 Goldfields which have been used to develop such statements and/or information, but which may prove to be incorrect. Although G2 Goldfields believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements as G2 Goldfields can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein assumptions have been made regarding, among other things: results from planned exploration and drilling activities; future plans for operational expenditures; the accuracy of the interpretations of exploration and drilling activity results; availability of financing to fund current and future plans and expenditures; the impact of increasing competition; the general stability of the economic and political environment in which G2 Goldfields has property interests; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of G2 Goldfields to obtain qualified staff, equipment and/or services in a timely and cost efficient manner; the ability of the operator of each project in which G2 Goldfields has property interests to operate in a safe, efficient and/or effective manner and to fulfill its respective obligations and current plans; future commodity prices; currency, exchange and/or interest rates; and the regulatory framework regarding royalties, taxes and/or environmental matters in the jurisdictions in which G2 Goldfields has property interests. The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and/or statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results and/or events to differ materially from those anticipated in such forward- looking information and/or statements including, without limitation: risks associated with the uncertainty of exploration results and estimates, currency fluctuations, the uncertainty of conducting operations under a foreign regime, exploration risk, the uncertainty of obtaining all applicable regulatory approvals, the availability of labour and/or equipment, the fluctuating prices of commodities, the availability of financing and dependence on the management personnel of the Corporation, other participants in the property areas and/or certain other risks detailed from time-to-time in G2 Goldfields public disclosure documents (including, without limitation, those risks identified in this news release and G2 Goldfields current management’s discussion and analysis). Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Corporation does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy and / or accuracy of this release.
FAQ
What is the total acreage of G2 Goldfields' new property acquisitions in Guyana?
How many ounces of gold resources does G2 Goldfields' Oko-Aremu area contain?
What are the key features of G2 Goldfields' Property B acquisition (GUYGF)?
When will G2 Goldfields (GUYGF) release its updated mineral resource estimate?
What is the strike length of the corridor in G2 Goldfields' Property A?
