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G2 Goldfields Drills 26.6m @ 5.1 g/t Au & 32.1m @ 2.2 g/t Au at New Discovery
TORONTO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) announces additional assay results from the ong
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Feb. 07, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) announces additional assay results from the ongoing drill program at the Company’s newly discovered Ghanie Zone located within G2’s 19,200-acre OKO Project, Guyana. The Ghanie area is the second significant discovery made by G2 and lies between the Company’s OKO Main Zone (OMZ) (974,000 oz inferred, and 220,000 oz indicated; see press release dated April 25, 2022) and Reunion Gold’s Block 4 discovery. Diamond drilling has continued to intersect significant near surface disseminated gold mineralization, with the new zone now defined over a strike length of 800 metres. G2 will be aggressively drilling this discovery with multiple drill rigs whilst continuing to advance additional regional targets to the drill-ready stage. Assay results for a total of fifteen diamond drill holes are reported hereunder. A complete list of drill results is available here. Highlights of the fifteen drill holes are summarized below. February 7th, 2023, Ghanie Drill Results Hole ID Int (m) Au g/t From To GDD–06 3.0 17.0 58.0 61.0 GDD–07 26.5 1.1 84.0 110.5 GDD–10 26.6 5.1 90.0 116.6 Incl. 7.6 15.5 109.0 116.6 GDD–11 4.0 4.0 73.0 77.0 GDD–12 17.7 1.4 136.0 153.7 GDD–14 17.9 1.0 133.5 151.4 GDD–15 36.2 0.9 52.5 88.7 GDD–16 45.9 0.9 90.1 136.0 GDD–17 32.1 2.2 31.0 63.1 Incl. 4.9 7.5 57.2 62.1 GDD–18 25.0 2.2 41.0 66.0 Incl. 7.0 5.6 59.0 66.0 GDD–19 28.6 2.0 52.5 81.1 Incl. 3.3 8.8 77.0 80.3 GDD–20 30.4 1.8 62.0 92.4 Incl. 5.9 7.2 85.9 91.8 Intervals in this press release have been calculated using a grade cut-off of 0.3 g/t Au and up to 10 metres maximum length of internal waste. Gold grades are uncapped. Mineralized intersection lengths are not necessarily true widths. A plan view of the recent drilling results is available here. Three cross sections from the centre of the Ghanie zone are available here. Significantly, all gold mineralization discovered to date lies within 100 vertical metres of surface along the established 800 metres strike length. In addition, the recent results have established a higher-grade core within the footwall of the deposit as evidenced by the following holes: 7.6 m @ 15.5 g/t Au GDD-10 4.9 m @ 7.5 g/t Au GDD-17 7.0 m @ 5.6 g/t Au GDD-18 3.3 m @ 8.8 g/t Au GDD-19 5.9 m @ 7.2 g/t Au GDD-20 13.9 m @ 5....