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G2 Goldfields Drills 114m @ 2.9 g/t Au & 51.8m @ 2.1 g/t Au Significantly Expanding New Gold Zone
TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to provide an update on its ongoing e
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to provide an update on its ongoing exploration program at the Company’s 58,000-acre OKO-Aremu gold project, Guyana. G2 currently has six rigs operating at the project, building on the Company’s current mineral resource which is comprised of 922,00 ounces of gold (Indicated) and 1,099,000 ounces (Inferred) [see press release dated April 03, 2024]. G2 continues to expand and define existing gold zones whilst discovering new high grade parallel zones of gold mineralization. The Company intends to issue an updated mineral resource estimate (MRE) for the OKO project in Q1 of 2025. Subsequent to the April 3rd MRE, to date G2 has completed an additional 124 holes totalling 42,853 meters. This drilling campaign has led to the discovery of new zones of gold mineralization along strike and down plunge of the previously defined resource [see press release of September 03, 2024]. One of the more promising new discoveries was announced on September 03, 2024. It described a new mineralized structure starting from near surface and running parallel to the central Ghanie zone. Select intercepts from the initial discovery are highlighted in Table 1. TABLE 1 HOLE ID FROM TO INT. (M) AU G/T GDD-122 74.0 143.4 69.5 1.9 Incl. 123.3 129.5 6.2 16.3 GDD-127 223.0 261.2 38.2 3.4 Incl. 250.5 258.0 7.5 14.7 GDD-135 271.0 328.5 57.5 4.3 Incl. 311.0 326.0 15.0 15.3 Subsequent drilling has encountered the most expansive zone of gold mineralization discovered to date at Ghanie and has extended mineralization a further 200m down plunge. Highlights from the latest eighteen drill holes are tabulated in Table 2 below. TABLE 2 HOLE ID FROM TO INT. (M) AU G/T GDD-176 330.0 348.3 18.3 3.6 Incl. 342.0 348.3 6.3 8.6 GDD-181 383.0 423.3 40.3 1.3 Incl. 390.5 393.5 3.0 4.8 GDD-192 479.3 531.0 51.8 2.1 Incl. 513.0 520.0 7.0 7.6 GDD-194 518.0 632.0 114.0 2.9 Incl. 580.6 632.0 51.4 5.3 The intercepts reported are down-hole widths. True widths are estimated between 75% and 85% of reported down-hole widths. Gold grades are uncapped. A complete table of drill results is available her...