Business
G2 Goldfields Drills 6.3 m of 16.4 g/t Au, 4.5 m of 31.5 g/t Au and 16 m of 8.4 g/t Au at OKO
TORONTO, Jan. 12, 2022 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) continues to intersect high grade gold minerali
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Jan. 12, 2022 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) continues to intersect high grade gold mineralisation across multiple diamond drill holes at the 19,200-acre OKO project, Guyana. Today’s release further establishes the OKO project as one of the most exciting new discoveries in the Americas. G2 is led by an experienced management team which is directly responsible for the discovery of more than seven million ounces of gold in the Guiana Shield, one of the world’s most prolific greenstone belts (RPA, 43-101, Technical Report on the Aurora Gold Mine, March 31, 2020). G2 mobilized to the property this week and currently has two drilling operations 24/7 at the OKO Main Zone (OMZ). The Company has completed 106 drill holes to date, totalling 26,247 meters. The OMZ has been defined to vertical depths of approximately 400 metres over a strike length of 900 metres and remains open in all directions. Coarse visible gold is common at the OMZ, with 67 holes out of 106 holes containing VG. The Company is releasing results from ten drill holes in this release, including the following: The intercepts reported are down-hole widths. True widths for holes 86 to 95 vary between 65% to 86% of the reported down-hole widths. Weighted average grades are calculated based on un-capped gold assays, as insufficient drilling has been completed to determine capping limits for gold assays. A complete list of assays is available at the following link https://g2goldfields.com/wp-content/uploads/2022/01/ASSAYS10JAN22.pdf. In light of these significant results, the Company has expanded its “Top 30” to the “Top 35” which we illustrated in the table within the plan view of drilling below, and at the following link https://g2goldfields.com/wp-content/uploads/2022/01/G2_OkoHighlights_Jan2021_FIN-scaled.jpg. OKO MAIN ZONE DRILL PLAN Discussion of Significant Results OKD-88 3.1m @ 10.8 g/t Au This hole tested the up-plunge mineralisation in the highest-grade shoot discovered to date in Shear 3 which now has multiple pierce points that all exceed 10 g/t Au. OKD-89 a. 6.3m @ 16.4 g/t Au This intercept further defined the Shear 3 high grade zone referred to above. b. 2.0m @ 33.4 g/t Au This interce...