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G2 Goldfields: Drilling Continues to Expand Gold Zones at OKO – 10.0m @ 9.7 g/t Au & 52.3m @ 2.1 g/t Au
TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to provide an update on the ongoing e
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, June 25, 2024 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to provide an update on the ongoing exploration program at the Company’s 27,719-acre OKO-AREMU gold project. G2 recently announced an updated Mineral Resource Estimate (“MRE”) for the OKO-Aremu project comprised of 922,000 ounces of gold (“Indicated”) and 1,099,000 ounces of gold (“Inferred”) [press release dated April 03, 2024]. Figure 1 G2’s OKO gold resource lies along a prominent 2.5 km long north-south structure which is defined by the high grade OMZ resource to the north [688,000 ounces Au @ 9.03 g/t Au (Indicated) and 495,000 ounces Au at 6.38 g/t Au (Inferred)] and the Ghanie open pit and underground resource to the south. G2 is currently drilling the southern half of the structure, where results demonstrate significant potential for the expansion of the established resource. Assays from thirteen diamond drill holes (totaling 4,205 m) are included in this release (a complete table can be viewed here). Highlights of the latest drill results are reported in Table 1. TABLE 1 HOLE ID FROM TO INT. (M) AU G/T GDD-113 161.0 181.5 20.5 2.7 GDD-115 206.9 259.2 52.3 2.1 GDD-117 628.0 638.0 10.0 9.7 GDD-120 357.5 376.5 19.0 2.8 AND 550.0 563.5 13.5 3.5 The intercepts reported are down-hole widths. True widths are estimated between 75% and 85% of reported down-hole widths. Gold grades are uncapped. Diamond drilling continues to significantly expand the mineralized envelope at the 1.2 km long Ghanie Zone, with both near-surface and deeper drill holes intersecting gold mineralization. Dan Noone, G2 CEO, stated, “These results continue to demonstrate that the OKO-Aremu district is still very much in the discovery phase. G2 is currently growing its resource by drilling two discoveries, NW Oko and Ghanie, simultaneously, whilst advancing numerous greenfields targets. We look forward to continuing to add further value for our shareholders.” G2 intends to provide an updated mineral resource estimate, the Company’s third, in early Q1 2025. Discussion of Drilling Results Figure 2 Figure 3 The current drilling at Ghanie is designed to test the continuity of gold mineralisation in the space between the South, Central and North zones. In drilling down plunge (45 degrees to the northeast) of previous hig...