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G2 Goldfields Inc. Provides Exploration Update on the Sandy Lake Gold Project
TORONTO, Jan. 06, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) is pleased to provide an exploration update on the Company’s
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Jan. 06, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) is pleased to provide an exploration update on the Company’s Sandy Lake Gold Project, located 140 miles north of Red Lake, Ontario. The project is comprised of approximately 125,000 acres of contiguous mineral claim units in the underexplored Sandy Lake Greenstone Belt. High-grade gold mineralization has been identified by drilling and sampling in several areas along a major banded iron formation (BIF) structure trending for 60km across the property. G2 owns a 100% interest in 110,000 acres and has the right to earn 70% interest in the W series of claims totalling approximately 15,000 acres. During 2019, G2 completed a total of twenty-two drill holes totalling 4794 meters. Eleven holes targeted the W1 and W2 zones and were successful in outlining high grade gold mineralization over a 600 m in strike length ( see releases May 13 and September 4, 2019 ) An additional eleven holes were drilled in the W3 zone located over two km to the west of the W1/W2 area. The Company previously released the first seven holes (19-12 to 19-18) (release September 4, 2019) which included high grade core length intervals of 1.4 m of 11.85 g/t Au (hole 19-12) as well as .73 m grading 450.04 g/t Au (hole 19-14). G2 is pleased to release a further four holes drilled a further 400 m west of the original W3 discovery. Results are tabulated below: TABLE 1 DRILL HOLE FROM (m) TO (m) INTERVAL (m) GRADE g/t Au SD 19 - 19 18.46 26.00 7.54 1.13 SD 19 - 20 37.65 40.96 3.31 1.84 SD 19 - 21 61.50 75.00 13.5 1.58 SD 19 - 22 244.22 304.71 60.48 0.83 Including 278 283 5.00 5.73 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. Drill holes SD 19-19 through SD 19-22 were drilled in a fan pattern from a single pad. Of note, hole SD 19-22 intersected a broad zone of low-grade gold mineralization, returning a core length interval of 60.48 m grading 0.83 g/t Au. This is the deepest and most broad intersecti...