Business
G2 Goldfields Hits High Grade at OMZ (6.7m @ 32 g/t Au) and expands Ghanie (64.5m @ 1.3 g/t Au)
TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) announces results from the ongoing drill progr
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Sept. 11, 2023 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) announces results from the ongoing drill programs at Oko Main Zone (OMZ) and the Ghanie Zone, located within G2’s 19,200-acre OKO Project, Guyana. Following up on work that modelled the controls on high-grade domains at the OMZ, G2 Goldfields has intercepted exceptional intervals of high-grade gold mineralisation, and current drilling is tracing these high-grade corridors to depth. OKD-178 intercepted Shear 5 at a depth of 450 metres below surface and returned 6.7m @ 32 g/t Au (from 477m downhole). OKD-178 intercepted Shear 5, 40 meters to the north of OKD-121 (3.7m @ 58 g/t Au) [see press release dated September 19, 2022] and 40 meters south of OKD-126a (3m @ 27.8 g/t Au) [see press release dated November 16, 2022]. Figure 1 – OKO Shear 5 Figure 2 – OKO Shear 3 A table of results from the OMZ drilling can be viewed here. Dan Noone, CEO, commented, “These results demonstrate the presence of high-grade domains that can be successfully targeted as we continue to drill deeper. This allows for more cost-effective and rapid expansion of the OMZ resource”. Ghanie A table of results from Ghanie drilling can be viewed here. Drilling is ongoing along the Ghanie trend, where recent drilling continues to intercept the high-grade footwall zone within the broader halo of disseminated gold mineralization as in hole GDD-63 which intersected 64.5m @ 1.3 g/t Au (from 256.5m) including the footwall zone of 2.3m @ 13.4 g/t Au (from 317m). Drilling has encountered the Ghanie Central Zone (GCZ) to 250 metres below surface over a strike length of 150 metres. A long section of Ghanie drill holes is available here. Boaz Wade, V.P. Exploration, stated, “We are now leveraging our understanding of the Ghanie Central zone to target drilling on other sections of the 1.2km long Ghanie Trend. At Ghanie South we are following up on the previous high-grade intercept in GDD-06 which returned 3m @ 17 g/t” [see press release dated April 12, 2023]. Below is a Drill Plan of the Ghanie Area which can also be found here. Figure 3 – Ghanie Drill Plan Target Generation G2 continues to target near-surface anomalous zones adjacent to the OMZ and Ghanie trends with shallow drilling. An aggressive program is ongoing to explore and generate n...