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G2 Goldfields Extends High-Grade OKO Resource to Depths of 1km, Intercepts 84.5m @ 3.0 g/t Au
Deepest hole drilled to date by G2 returned 84.5m @ 3.0 g/t Au from 915m, extending mineralization by 140m vertically to 1km, where it remains open Eight
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" Deepest hole drilled to date by G2 returned 84.5m @ 3.0 g/t Au from 915m, extending mineralization by 140m vertically to 1km, where it remains open Eight drill rigs actively focused on infill, expansion and discovery drilling, with infill holes returning high-grade intercepts, including GDD270 which returned 20.8m @ 9.6 g/t Au incl. 4.4m @ 36.1 g/t Au Drilling in the “Border Zone” continues to extend gold mineralization south of the existing Ghanie resource, with a high-grade interval of 3.0m @ 10.8 g/t Au from 490m, building on strong prior results in this area TORONTO, May 04, 2026 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to report new assay results from its ongoing diamond drilling program at the Company’s OKO Project in Guyana (“OKO” or the “Project”). The latest drilling successfully extended high-grade shoots down-plunge at the Ghanie deposit, upgraded and confirmed central infill mineralization, and extended gold mineralization south of the existing Ghanie resource along the “Border Zone”. On April 9, 2026, G2 entered into a definitive agreement whereby neighbouring G Mining Ventures Corp. (“GMIN”) will acquire all of the issued and outstanding shares of G2 pursuant to a court approved plan of arrangement, expected to close in June 2026, subject to shareholder and court approvals. In December 2025, G2 released key findings from an independent Preliminary Economic Assessment (“PEA”) [see press release dated December 18, 2025] outlining a combined open pit and underground operation with a 14-year mine life and estimate total production of 3.2 million ounces gold at all-in sustaining costs¹ (“AISC”) of US$1,191 per ounce. Annual production is projected to average 298,000 ounces during years 3 through 10. Assay results are reported herein for 22 new diamond drill holes completed within the Ghanie deposit, totalling 10,828 metres (“m”). Highlights of the results are compiled in Table 1, with a complete table of results available here. Table 1 – Highlights of Ghanie Drilling Results DRILLHOLE FROM(METRES) TO(METRES) INT.(METRES) GRADE(G/T AU) GRADE xDH WIDTH GDD265W1 280.0 281.5 1.5 1.7 2.5 GDD265W1 362.0 364.5 2.5 3.6 8.9 GDD265W1 490.0 493.0 3.0 10.8 32.4 GDD270 298.9 319.8 ...