REPEAT -- G2 Announces Further Exploration Alliances
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has secured agreements to acquire two strategic property packages in Region 7, Guyana. The first property (5,457 acres) is adjacent to G2's current holdings in the OKO-AREMU district, featuring 4 km of strike length along the Bartica Batholith contact. The second property (20,739 acres) contains a 6 km strike length shear zone with significant gold potential, evidenced by 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 aggressive drilling in high-grade mineralization corridors extending northward. Neither property has undergone modern exploration techniques, presenting significant exploration potential.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha siglato accordi per acquisire due pacchetti di proprietà strategici nella Regione 7, in Guyana. La prima proprietà (5.457 acri) è adiacente alle attuali concessioni di G2 nel distretto di OKO-AREMU, con una lunghezza di 4 km lungo il contatto del Bartica Batholith. La seconda proprietà (20.739 acri) contiene una zona di faglia lunga 6 km con un significativo potenziale aurifero, dimostrato dalla presenza di pepite d'oro in superficie e oro visibile in affioramenti di vene di quarzo.
Attualmente, l'area di Oko-Aremu ospita risorse aurifere superiori a 7,8 milioni di once, con una stima aggiornata delle risorse minerarie attesa nelle prossime settimane. L'azienda continua con un'aggressiva attività di perforazione nei corridoi di mineralizzazione ad alta legge che si estendono verso nord. Nessuna delle due proprietà ha subito tecniche di esplorazione moderne, presentando un significativo potenziale di esplorazione.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) ha asegurado acuerdos para adquirir dos paquetes de propiedades estratégicas en la Región 7, Guyana. La primera propiedad (5,457 acres) está adyacente a las actuales tenencias de G2 en el distrito de OKO-AREMU, con una longitud de 4 km a lo largo del contacto del Bartica Batholith. La segunda propiedad (20,739 acres) contiene una zona de cizalla de 6 km de longitud con un potencial significativo de oro, evidenciado por pepitas de oro en la superficie y oro visible en afloramientos de vetas de cuarzo.
El área de Oko-Aremu actualmente alberga recursos de oro que superan las 7.8 millones de onzas, con una estimación actualizada de recursos minerales esperada en las próximas semanas. La compañía continúa con perforaciones agresivas en corredores de mineralización de alta ley que se extienden hacia el norte. Ninguna de las propiedades ha sido objeto de técnicas de exploración modernas, lo que presenta un potencial significativo de exploración.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF)는 가이아나 제7지역에 있는 두 개의 전략적 부동산 패키지를 인수하기 위한 계약을 체결했습니다. 첫 번째 부동산(5,457 에이커)은 G2의 현재 보유지인 OKO-AREMU 지구와 인접해 있으며, Bartica Batholith 접촉을 따라 4km의 스트라이크 길이를 가지고 있습니다. 두 번째 부동산(20,739 에이커)은 표면에서 발견된 금 조각과 석영 광맥 노출에서 보이는 금으로 입증된 상당한 금 잠재력을 가진 6km 스트라이크 길이의 전단대를 포함하고 있습니다.
Oko-Aremu 지역은 현재 780만 온스 이상의 금 자원을 보유하고 있으며, 향후 몇 주 내에 업데이트된 광물 자원 추정치가 예상됩니다. 회사는 북쪽으로 연장되는 고품질 광물화 회랑에서 공격적인 시추를 계속하고 있습니다. 두 부동산 모두 현대적인 탐사 기법을 거치지 않아 상당한 탐사 잠재력을 보유하고 있습니다.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) a sécurisé des accords pour acquérir deux paquets de propriétés stratégiques dans la Région 7, en Guyane. La première propriété (5 457 acres) est adjacente aux possessions actuelles de G2 dans le district d'OKO-AREMU, avec une longueur de 4 km le long du contact du Bartica Batholith. La deuxième propriété (20 739 acres) contient une zone de cisaillement de 6 km de longueur avec un potentiel aurifère significatif, comme en témoignent des pépites d'or à la surface et de l'or visible dans les affleurements de veines de quartz.
La zone d'Oko-Aremu abrite actuellement des ressources aurifères dépassant 7,8 millions d'onces, avec une estimation mise à jour des ressources minérales attendue dans les semaines à venir. L'entreprise continue des forages agressifs dans des corridors de minéralisation de haute teneur qui s'étendent vers le nord. Aucune des propriétés n'a subi de techniques d'exploration modernes, ce qui présente un potentiel d'exploration significatif.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) hat Vereinbarungen zur Akquisition von zwei strategischen Grundstückspaketen in Region 7, Guyana, gesichert. Das erste Grundstück (5.457 Acres) grenzt an die aktuellen Bestände von G2 im OKO-AREMU-Distrikt und verfügt über eine Strike-Länge von 4 km entlang des Bartica Batholith-Kontakts. Das zweite Grundstück (20.739 Acres) enthält eine 6 km lange Scherzone mit erheblichem Goldpotential, belegt durch Goldnuggets an der Oberfläche und sichtbare Goldadern im Quarzgang.
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 führt weiterhin aggressive Bohrungen in hochgradigen Mineralisierungs-Korridoren durch, die nach Norden verlaufen. Keines der Grundstücke hat moderne Erkundungstechniken durchlaufen, was ein erhebliches Explorationspotenzial darstellt.
- Current gold resource base of 7.8 million ounces in Oko-Aremu area
- Strategic acquisition of 26,196 acres of prospective gold properties
- Upcoming mineral resource estimate update
- Presence of visible gold and gold nuggets in Property B
- Expansion of land position in proven gold-bearing district
- Both properties require significant exploration investment
- No modern exploration data available for either property
TORONTO, Feb. 13, 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 gold resource currently reported by G2 Goldfields (GUYGF) in the Oko-Aremu area?
How many acres are included in G2 Goldfields' (GUYGF) new property acquisitions in Guyana?
What geological features make G2 Goldfields' (GUYGF) Property B significant?
When will G2 Goldfields (GUYGF) release its updated mineral resource estimate?
What is the strike length of the mineralized corridor in G2 Goldfields' (GUYGF) Property A?
