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G2 Drills 4.8 m @ 10.6 g/t Au and 25 m @ 2.2 g/t Au in 200 m Step-out Hole
TORONTO, May 26, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces further high-grade drill intercepts from the Oko-Are
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, May 26, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces further high-grade drill intercepts from the Oko-Aremu Project, Guyana. The 19,200-acre project hosts multiple shafts, pits and zones of mineralization including the historic past producing Aremu Mine. G2 has identified multiple areas of anomalous mineralization over 15 kilometres trending south-east from the Aremu Mine, with the Oko Deformation Zone (ODZ) lying at the south-east end of the trend. Since November 2019, the Company has completed a total of 46 holes (9,350 metres) in the ODZ establishing an initial one-kilometre strike length of mineralization. All other drill targets at the Oko-Aremu District remain untested. Diamond drill holes OKD 34 and 35 were drilled to expand the strike length of the main ODZ zone, with the holes collared 125 m (OKD-34) and 225 m (OKD-35) north of previously reported OKD-28 (6.9 m @ 5.1 g/t Au & 2.2 m @ 30.8 g/t Au). Both holes intercepted multiple zones of mineralization with visible gold (V.G.). Hole OKD – 34 1.3 g/t Au over 4.0 m (7 – 11) 2.8 g/t Au over 5.7 m (136.9 – 142.6) V.G. 8.1 g/t Au over 0.5 m (166.5 – 167) V.G. Hole OKD – 35 2.2 g/t Au over 25.0 m (16.5 – 41.5) 10.6 g/t Au over 4.8 m (170.7 – 175.5) V.G. True horizontal widths of mineralization on each hole vary between 58% and 85% of reported core lengths. A table of all drill hole collar locations and data is available at the following link https://g2goldfields.com/wp-content/uploads/2020/05/DrillHoleCollarTable.pdf. Holes OKD-34 and 35 confirm that the main gold zone at the ODZ remain strongly mineralized and open to the north and at depth. Additionally, a new, near surface, structure has been discovered in hole OKD-35, where drilling intercepted 25 m grading 2.2 g/t Au, from 16.5 metres downhole. A plan view map of drilling completed to date at the ODZ is displayed as Figure 1 or is available at the following link https://g2goldfields.com/wp-content/uploads/2020/05/OkoPlanView.pdf. Dan Noone, CEO stated, “We continue to be delighted with the predictability, continuity and grade of the Main Zone within the ODZ, which we have now intersected in drilling over a strike of 720 m. Also, the broad zone of near surface mineralization in OKD-35, once again displays the potential for the development of...