G2 Drills 43m @ 1.9 g/t Au & 51m @ 1.2 g/t Au in New Discovery Zone
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced significant drilling results from its new discovery at the OKO Project, Guyana. The latest findings include impressive intersections from four additional holes totaling 352.5 meters, highlighted by:
- Hole AMD 12: 1.9 g/t Au over 43.7 meters (including 7.9 g/t Au over 7.5m)
- Hole AMD 10: 1.2 g/t Au over 51.0 meters
- All gold intercepts were found within 20 meters of surface
This discovery is located several miles from G2's flagship gold resources at Oko Main Zone and Ghanie, which currently hold 1.5 million ounces of Indicated and 1.6 million ounces of Inferred gold resources. The company has established over 400m of strike of near-surface, oxidized gold mineralization in just over a month of drilling. In response to these promising results, G2 is adding an additional drill rig to the program.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha annunciato risultati di perforazione significativi dalla sua nuova scoperta presso il Progetto OKO, Guyana. Le ultime scoperte includono intersezioni impressionanti da quattro fori aggiuntivi per un totale di 352,5 metri, evidenziate da:
- Foro AMD 12: 1,9 g/t Au su 43,7 metri (inclusi 7,9 g/t Au su 7,5m)
- Foro AMD 10: 1,2 g/t Au su 51,0 metri
- Tutti gli intercetti d'oro sono stati trovati entro 20 metri dalla superficie
Questa scoperta si trova a diverse miglia dalle risorse aurifere principali di G2 nella Zona Oko Main e Ghanie, che attualmente detengono 1,5 milioni di once di risorse aurifere indicate e 1,6 milioni di once di risorse aurifere inferite. L'azienda ha stabilito oltre 400m di estensione di mineralizzazione aurifera ossidata vicino alla superficie in poco più di un mese di perforazione. In risposta a questi risultati promettenti, G2 sta aggiungendo un ulteriore impianto di perforazione al programma.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha anunciado resultados significativos de perforación de su nuevo descubrimiento en el Proyecto OKO, Guyana. Los últimos hallazgos incluyen intersecciones impresionantes de cuatro agujeros adicionales que suman 352,5 metros, destacándose:
- Agujero AMD 12: 1,9 g/t Au sobre 43,7 metros (incluyendo 7,9 g/t Au sobre 7,5m)
- Agujero AMD 10: 1,2 g/t Au sobre 51,0 metros
- Todos los interceptos de oro se encontraron a menos de 20 metros de la superficie
Este descubrimiento está ubicado a varias millas de los recursos auríferos insignia de G2 en la Zona Oko Main y Ghanie, que actualmente poseen 1,5 millones de onzas de recursos auríferos indicados y 1,6 millones de onzas de recursos auríferos inferidos. La compañía ha establecido más de 400m de strike de mineralización de oro oxidada cerca de la superficie en poco más de un mes de perforación. En respuesta a estos resultados prometedores, G2 está agregando una plataforma de perforación adicional al programa.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF)는 OKO 프로젝트, 가이아나에서 새로운 발견에 대한 중요한 시추 결과를 발표했습니다. 최신 발견에는 352.5미터에 걸쳐 4개의 추가 홀에서 인상적인 교차점이 포함되어 있으며, 주요 내용은 다음과 같습니다:
- 홀 AMD 12: 43.7미터에서 1.9 g/t Au (7.5m에서 7.9 g/t Au 포함)
- 홀 AMD 10: 51.0미터에서 1.2 g/t Au
- 모든 금 인터셉트는 지표에서 20미터 이내에서 발견되었습니다.
이 발견은 G2의 주요 금 자원인 Oko Main Zone과 Ghanie에서 몇 마일 떨어진 곳에 위치하고 있으며, 현재 1.5백만 온스의 지시 자원과 1.6백만 온스의 추정 자원을 보유하고 있습니다. 회사는 한 달이 조금 넘는 시추 기간 동안 지표 근처에서 산화 금 광물화의 400m 이상을 설정했습니다. 이러한 유망한 결과에 대응하여 G2는 프로그램에 추가 시추 장비를 추가하고 있습니다.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) a annoncé des résultats de forage significatifs de sa nouvelle découverte au Projet OKO, Guyana. Les dernières découvertes incluent des intersections impressionnantes de quatre trous supplémentaires totalisant 352,5 mètres, notamment :
- Trou AMD 12 : 1,9 g/t Au sur 43,7 mètres (incluant 7,9 g/t Au sur 7,5m)
- Trou AMD 10 : 1,2 g/t Au sur 51,0 mètres
- Tous les intercepts d'or ont été trouvés à moins de 20 mètres de la surface
Cette découverte est située à plusieurs miles des ressources aurifères phares de G2 dans la Zone Oko Main et Ghanie, qui détiennent actuellement 1,5 million d'onces de ressources aurifères indiquées et 1,6 million d'onces de ressources aurifères inférées. L'entreprise a établi plus de 400m de minéralisation aurifère oxydée près de la surface en un peu plus d'un mois de forage. En réponse à ces résultats prometteurs, G2 ajoute une plateforme de forage supplémentaire au programme.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) hat bedeutende Bohrergebnisse aus seiner neuen Entdeckung im OKO-Projekt, Guyana bekannt gegeben. Die neuesten Ergebnisse umfassen beeindruckende Schnittpunkte aus vier zusätzlichen Bohrlöchern mit einer Gesamtlänge von 352,5 Metern, darunter:
- Bohrloch AMD 12: 1,9 g/t Au über 43,7 Meter (einschließlich 7,9 g/t Au über 7,5m)
- Bohrloch AMD 10: 1,2 g/t Au über 51,0 Meter
- Alle Goldinterzepte wurden innerhalb von 20 Metern von der Oberfläche gefunden
Diese Entdeckung befindet sich mehrere Meilen von G2s Hauptgoldressourcen in der Oko Main Zone und Ghanie entfernt, die derzeit 1,5 Millionen Unzen angezeigte und 1,6 Millionen Unzen geschätzte Goldressourcen halten. Das Unternehmen hat in etwas mehr als einem Monat Bohrungen über 400m an nahe der Oberfläche liegender oxidierter Goldmineralisierung etabliert. In Reaktion auf diese vielversprechenden Ergebnisse fügt G2 dem Programm eine zusätzliche Bohranlage hinzu.
- New gold discovery with significant near-surface mineralization
- High-grade intercepts: 1.9 g/t Au over 43.7m and 1.2 g/t Au over 51.0m
- Proximity to existing 3.1M oz gold resource enhances potential mining economics
- Oxidized mineralization near surface suggests potentially lower mining costs
- Expanding drilling program indicates confidence in discovery potential
- True widths of mineralization not yet determined
- Insufficient drilling to determine capping levels for higher grade intercepts
TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) announces additional diamond drilling results further expanding on the Company’s new discovery at the OKO Project, Guyana. Drilling has encountered wide intersections of near-surface, oxidized gold mineralization. Significantly, this new discovery lies only several miles away from the Company’s flagship gold resources at the Oko Main Zone and Ghanie (comprised of 1.5 million ounces of gold Indicated and 1.6 million ounces of gold Inferred, respectively) and thus, may have a significant impact on the scale and economics of a potential mining complex. G2 holds an expansive portfolio of highly prospective gold projects in Guyana.
The first eight holes of the new discovery (total meterage of 800) were announced by G2 in a press release dated March 18, 2025, and assay results from a further four holes (total meterage of 352.5) are reported hereunder. All holes intercepted significant mineralization. Highlights include Hole AMD 12 which returned 1.9 g/t Au over 43.7 meters including a high-grade intercept of 7.9 g/t Au over 7.5m. Significantly, the entire gold intercept in Hole AMD 12 lies within highly oxidized near surface saprolite. Additionally, Hole AMD 10 returned 1.2 g/t Au over 51.0 meters. All gold intercepts reported in Table 1 originate within 20 meters of surface.
TABLE 1 – Assay Results
| HOLE ID | FROM | TO | INT (M) | AU (G/T) | COMMENT |
| AMD 9 | 32.0 | 40.5 | 8.5 | 4.7 | hard rock |
| Incl. | 33.3 | 36.0 | 2.7 | 13.0 | |
| AMD 10 | 15.0 | 66.0 | 51.0 | 1.2 | oxides to 57m downhole |
| Incl. | 27.0 | 34.5 | 7.5 | 3.4 | oxides |
| And | 60.0 | 64.5 | 4.5 | 2.4 | hard rock |
| AMD 11 | 33.0 | 54.0 | 21.0 | 1.5 | oxides |
| AMD 11 | 69.5 | 81.0 | 11.5 | 2.1 | hard rock |
| Incl. | 69.5 | 72.5 | 3.0 | 5.6 | |
| AMD 12 | 34.0 | 77.7 | 43.7 | 1.9 | oxides |
| Incl. | 64.5 | 72.0 | 7.5 | 7.9 | oxides |
Notes to Table 1: Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts.
The results demonstrate excellent continuity of gold mineralization along strike as well as down plunge from existing intercepts. Gold mineralization remains open in all directions with assays pending testing the zone further along strike.
FIGURE 1 – New District Discovery
Dan Noone, G2 CEO, stated, “It’s very early days for this discovery but based on the dozen or so holes we have seen so far, this discovery is quite exciting. In a little over a month of drilling, we have established over 400m of strike of near surface, oxidized gold mineralization. Additionally, we have confirmed very good down plunge continuity in the areas tested thus far. As a result, we are immediately adding an additional drill rig to this program and stand ready to provide additional drills as required.”
QA/QC
Drill core is logged and sampled in a secure core storage facility located on the OKO Project site, Guyana. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to MSALABS Guyana, in Georgetown, Guyana, which is an accredited mineral analysis laboratory, for analysis. Samples from sections of core with obvious gold mineralisation are analysed for total gold using an industry-standard 500g metallic screen fire assay (MSALABS method MSC 550). All other samples are analysed for gold using standard Fire Assay-AA with atomic absorption finish (MSALABS method; FAS-121). Samples returning over 10.0 g/t gold are analysed utilizing standard fire assay gravimetric methods (MSALABS method; FAS-425). Certified gold reference standards, blanks, and field duplicates are routinely inserted into the sample stream, as part of G2 Goldfield’s quality control/quality assurance program (QAQC). No QA/QC issues were noted with the results reported herein.
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 March 2025, G2 announced an Updated Mineral Resource Estimate (“MRE”) for the Oko property in Guyana [see press release dated March 10, 2025]. Highlights of the Updated MRE include:
Total combined open pit and underground Resource for the Oko Main Zone (OMZ):
- 513,500 oz. Au – Inferred contained within 3,473,000 tonnes @ 4.60 g/t Au
- 808,000 oz. Au – Indicated contained within 3,147,000 tonnes @ 7.98 g/t Au
Total combined open pit and underground Resource for the Ghanie Zone:
- 1,024,500 oz. Au – Inferred contained within 12,062,000 tonnes @ 2.64 g/t Au
- 663,400 oz. Au – Indicated contained within 10,288,000 tonnes @ 2.01 g/t Au
Total open pit Resource for the Oko NW Zone:
- 97,200 oz. Au – Inferred contained within 4,976,000 tonnes @ 0.61 g/t Au
The MRE was prepared by Micon International Limited with an effective date of March 1, 2025. Significantly, the updated mineral resources lie within an average depth of 665 metres 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.
AngloGold 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).
On behalf of the Board of G2 Goldfields Inc.
“Daniel Noone”
CEO & Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: +1.416.628.5904
Email: j.wagenaar@g2goldfields.com
Forward-Looking Statements
This news release contains certain forward-looking statements, including, but not limited to, statements about the discovery may have a significant impact on the scale and economics of a potential mining complex, gold mineralization remains open in all directions with assays pending testing the zone further along strike. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “schedule”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements, including the risk factors set out in the management information circular of the Company dated December 20, 2024. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9a90c47b-346a-4fdd-b33e-495748ff70eb
FAQ
What are the latest gold drilling results from G2 Goldfields (GUYGF) at OKO Project?
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What is the extent of G2 Goldfields' (GUYGF) new discovery strike length at OKO Project?
What operational changes is G2 Goldfields (GUYGF) making in response to the new discovery?
