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G2 Goldfields Announces Property Acquisition & Exploration Update
TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) is pleased to announce that the Company has acq
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) is pleased to announce that the Company has acquired additional property interests in Guyana as well as providing an update on its current and ongoing drill programme at the 19,200-acre OKO-Aremu project, Guyana. G2 currently has five full-time geologists in the field and has identified multiple areas for additional drilling on its district-wide holdings. This aggressive program is being spearheaded by V.P. Exploration Boaz Wade who oversees approximately 60 personnel spread between three separate camps along the 36 km OKO-AREMU-PETERS MINE trend. G2 currently has two diamond drills operating 24/7 in the greater OKO area. At the OKO Main Zone the Company has completed 100 holes totalling 24,383 metres. Drilling to date has focussed on exploring and delineating five prominent shear zones over strike lengths varying from 265 metres to 920 metres and to a maximum vertical depth of 358 metres. Significantly, the deepest hole drilled to date, hole OKD-96, has intercepted Shear #5 at a vertical depth of 358 metres and core logging has revealed multiple occurrences of visible gold in the core. Currently, the Company is anticipating assay results from twenty-four drill holes, with both rigs expected to turn up to December 17th and then recommence the week of January 3rd, 2022. In addition to the ongoing drilling at the OKO main zone, exploration work is well advanced in defining further areas for drilling. OKO N.W. Located 3.8km to the NW of the Oko Main Zone. 214 samples taken over +1km strike length. 31% of these samples returned assays in excess of 1g/t Au, with peak values to 12.6g/t, 14.2g/t, and 16.2g/t. These +1g/t samples mainly correspond to quartz veined areas. The mineralization is hosted by quartz veins on the deformed margins of folded carbonaceous shales, with vein widths exceeding five meters in some of the dilational zones. This is identical to the geological setting of the Oko Main Zone, with mineralized quartz veins being mapped along at least 1km strike length of the carbonaceous shale contacts. Surface exposures are limited to the NW by Tertiary sand cover, and to the SE by extensive alluvial artisanal workings. The target is yet to be drill tested. Herod Vein (Aremu) Located 1km East of Sheph...