Business
G2 Goldfields Announces Grant of Options
TORONTO, March 03, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. ("G2" or the "Company") (TSXV:GTWO; OTCQX: GUYGF) announces that it has granted an aggregate of 7
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, March 03, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (\"G2\" or the \"Company\") (TSXV:GTWO; OTCQX: GUYGF) announces that it has granted an aggregate of 750,000 options to certain officers and consultants of the Company with such options being exercisable at a price of $0.85 per share until March 3, 2026 and vesting over 18 months from the date of grant. The grant of options is subject to the approval and requirements of the TSX Venture Exchange. 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. G2 recently announced its maiden mineral resource estimate on the newly discovered Oko property in Guyana (see press release dated April 25, 2022), and has recently filed on SEDAR an independent technical report entitled “NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold property, Cooperative Republic of Guyana, South America”, with an effective date of April 14, 2022. Highlights of the report include: 974,000 oz. Au – Inferred Mineral Resource contained within 3,274,000 tonnes @ 9.25 g/t Au; and 220,000 oz. Au – Indicated Mineral Resource contained within 793,000 tonnes @ 8.63 g/t Au. Significantly, all of the maiden mineral resources lie within 350 meters of surface and remain open down plunge. G2 continues to expand this maiden resource while discovering additional areas for diamond drilling. For further information please contact:Dan NooneCEO+1.416.628.5904 Email: [email protected] Forward-Looking Statements This news release contains certain forward-looking statements, including, but not limited to, statements about the Offering, including the expected closing date, the proposed use of proceeds, approval of the TSXV, and insider participation. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “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....