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G2 Goldfields Drills 43m @ 1.9 g/t Au & 51m @ 1.2 g/t Au in New Discovery Zone
TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) announces additional diamond drilling results f
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, April 01, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) announces additional diamond drilling results further expanding on the Company’s new discovery at the OKO Project, Guyana. Drilling has encountered wide intersections of near-surface, oxidized gold mineralization. Significantly, this new discovery lies only several miles away from the Company’s flagship gold resources at the Oko Main Zone and Ghanie (comprised of 1.5 million ounces of gold Indicated and 1.6 million ounces of gold Inferred, respectively) and thus, may have a significant impact on the scale and economics of a potential mining complex. G2 holds an expansive portfolio of highly prospective gold projects in Guyana. The first eight holes of the new discovery (total meterage of 800) were announced by G2 in a press release dated March 18, 2025, and assay results from a further four holes (total meterage of 352.5) are reported hereunder. All holes intercepted significant mineralization. Highlights include Hole AMD 12 which returned 1.9 g/t Au over 43.7 meters including a high-grade intercept of 7.9 g/t Au over 7.5m. Significantly, the entire gold intercept in Hole AMD 12 lies within highly oxidized near surface saprolite. Additionally, Hole AMD 10 returned 1.2 g/t Au over 51.0 meters. All gold intercepts reported in Table 1 originate within 20 meters of surface. TABLE 1 – Assay Results HOLE ID FROM TO INT (M) AU (G/T) COMMENT AMD 9 32.0 40.5 8.5 4.7 hard rock Incl. 33.3 36.0 2.7 13.0 AMD 10 15.0 66.0 51.0 1.2 oxides to 57m downhole Incl. 27.0 34.5 7.5 3.4 oxides And 60.0 64.5 4.5 2.4 hard rock AMD 11 33.0 54.0 21.0 1.5 oxides AMD 11 69.5 81.0 11.5 2.1 hard rock Incl. 69.5 72.5 3.0 5.6 AMD 12 34.0 77.7 43.7 1.9 oxides Incl. 64.5 72.0 7.5 7.9 oxides Notes to Table 1: 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. The results demonstrate excellent continuity of gold mineralization along strike as well as down plunge from existing intercepts. Go...