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G2 Goldfields Drilling Extends strike length of OKO Zone to 1.1 km
TORONTO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces additional drilling results from the OKO/AREMU proj
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Jan. 14, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces additional drilling results from the OKO/AREMU project, region 7, Guyana. Drilling has continued to focus on the OKO deformation zone (ODZ), where the Company announced the discovery of high-grade gold mineralization in a press release of November 19, 2019 (link to press release). Drill holes OKD – 1 through OKD – 9 outlined an initial strike length of approximately 700 metres as defined by hole OKD – 5 to the south (8.2 m @ 9.1 g/t Au) and OKD – 9 to the north (2.3 m @ 7.8 g/t Au). Recent drilling has been able to extend the strike length of mineralization at the ODZ a further four hundred meters to 1.1 km. Drill holes OKD – 10 through 12 were successful in establishing additional mineralization to the north with holes OKD – 10 returning 19.5 m @ 2.0 g/t Au including 3.5m @ 6.7 g/t Au. Mineralization at the ODZ continues to remain open to the north and south. Results are tabulated below: Table 1. DRILL HOLE FROM (m) TO (m) INTERVAL GRADE g/t (Au) OKD - 10 45.00 64.50 19.50 2.0 51.00 54.50 3.50 6.7 OKD - 11 89.00 90.00 1.00 11.4 OKD - 12 86.00 87.00 1.00 11.3 Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts. Reconnaissance holes were also drilled 100 m to the ESE of this new area with hole OKD – 14 returning 3 m @ 4.2 g/t Au. Additionally, a single hole was drilled 350 m west of holes OKD – 10 through 12 which returned 3 m @ 5.0 g/t Au. Collectively holes OKD – 10 through 15 explored an east west area approximately 600 m long forming a “T” above the ODZ. G2 also drilled in three holes OKD - 17 through 19 in the central part of ODZ. Of particular note was hole OKD – 17 which returned 1.4 m @ 8 g/t Au as well as 4.1m @ 12.9 g/t Au. A complete list of new drill results is available here.Table.2 Discussion Drilling to date has outlined numerous high-grade gold intersections along the 1.1 km long ODZ. The highest grades discovered to date lie within the area bounded by 704200 to 704600. Highlights of high-gra...