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G2 Goldfields Drills 27m @ 6.5 g/t Au in Deepest Hole to Date at Ghanie Discovery
TORONTO, May 25, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. ("G2" or the "Company") (TSXV: GTWO; OTCQX: GUYGF) announces additional assay results from the Comp
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, May 25, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (\"G2\" or the \"Company\") (TSXV: GTWO; OTCQX: GUYGF) announces additional assay results from the Company’s ongoing drill program at the GHANIE ZONE located within the 19,200-acre OKO Project, Guyana. The Ghanie Zone is the second significant discovery on the project and lies between the Company’s OKO Main Zone (OMZ) (974,000 oz Au Inferred, and 220,000 oz Au Indicated; see press release dated April 25, 2022) and Reunion Gold’s Block 4 discovery. G2 intends to release an updated resource estimate for the OKO Project (which will include the OMZ, Ghanie and Shear 1 zones) in the second half of 2023. Diamond drilling has continued to intersect significant mineralization at Ghanie which now has a strike length in excess of 1 km. The most recent drill holes include the following: Ghanie Central 27m @ 6.5 g/t Au (including 6.6m @ 24.7 g/t Au) Hole GDD-55 is the deepest drill intercept to date in the central portion of the Ghanie area where multiple intercepts of high-grade gold have been previously reported. 19.1m @ 2.8 g/t Au Hole GDD-32 was collared approximately 100m south of GDD-55 and targeted down plunge mineralization encountered in GDD-18 (25m @ 2.2 g/t Au), GDD-20 (30.4m @ 1.8 g/t Au), and GDD-10 (26.6m @ 5.1 g/t Au). Ghanie North 10.5m @ 10.0 g/t Au and 8.0m @ 2.0 g/t Au and 3.0m @ 6.9 g/t Au Hole GDD-43 intercepted multiple zones of gold mineralization in the northern part of the Ghanie Zone, including a new high-grade zone near the top of the hole which returned 10 g/t Au over 10.5 metres. Ghanie South 9.0m @ 3.5 g/t Au and 8.0m @ 2.2 g/t Au Hole GDD-36 was drilled in the southern part of the Ghanie area and establishes multiple parallel zones of near surface mineralization. A complete table of drill results from the latest holes is available here. A long section of Ghanie drilling to date is available here. The current drill results continue to expand the strike of the Ghanie Zone and further establish high priority targets for follow up drilling in the north, south and central areas. Significantly, hole GDD-55 (27m @ 6.5 g/t Au) highlights the potential for the discovery of additional high-grade mineralization down plunge of previous intercepts. Dan Noone, G2 CEO, stated, “This latest round of results continues to build upon our understanding of the OKO ...