Business
G2 Goldfields: OKO Drilling Intersects More High Grade – 70.0 g/t Au over 3.8m, 28.4 g/t Au over 3.3m, 25.9 g/t Au over 3.4m, 27.8 g/t Au over 3.0m
TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) is pleased to report additional high-grade dril
About this update from G2 Goldfields, Inc.
[{"type":"text","content":" TORONTO, Nov. 16, 2022 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) is pleased to report additional high-grade drilling results from the Company’s 19,200-acre OKO project, Guyana. The Company has completed 151 holes to date with an additional ten holes reported hereunder. Drilling continues to focus on defining and expanding the OKO Main Zone (OMZ) as well as exploring high value regional targets on the Company’s extensive land package. OMZ Drilling The OKO Main Zone currently holds a resource of 974,000 oz of Inferred mineralisation (@9.25 g/t Au) as well as an Indicated resource of 220,000 oz Au (@ 8.53 g/t Au) (see press release dated April 26, 2022). Mineralisation at OKO is hosted primarily in the parallel shear zones which are the focus of the current program. Highlights of the current round of drill results include the following. Shear 3 – High-Grade Intercepts Hole OKD – 122W1 8.7 g/t Au over 4.8 m (340.0 – 344.8 m) OKD – 122W2A 5.1 g/t Au over 6.0 m (326.0 – 332.0 m) OKD – 126A 11.0 g/t Au over 3.1 m (295.0 – 298.1 m) OKD – 131 25.9 g/t Au over 3.4 m (126.8 – 130.2 m) Shear 5 – High-Grade Intercepts Hole OKD – 126A 27.8 g/t Au over 3.0 m (496.0 – 499.0 m) OKD – 130 70.0 g/t Au over 3.8 m (442.0 – 445.8 m) OKD – 131 28.4 g/t Au over 3.3 m (270.7 – 274.0 m) True widths of mineralisation vary between 65% and 85% of reported widths. A complete list of assay results from the current drilling is available here. The current results provide further confidence of the continuity of high-grade mineralisation as well as expanding existing mineralisation beyond the confines of the resource calculation. Specifically, hole OKD-126A, which intercepted Shear 5 from 496m and returned 3.0 m @ 27.8 g/t Au, has expanded the gold mineralisation of Shear 5 eighty metres to the north of hole OKD-121 (58 g/t Au over 3.7m). Additionally, OKD-122W1 and I22W2A (which targeted Shear 4) intercepted high grade hits of 8.7 g/t Au over 4.8m and 5.1 g/t Au over 6.0m respectively within the deeper extensions of Shear 3. Ghanie Area Drilling The Ghanie area lies south of the OMZ and is adjacent to Reunion Gold’s new discovery. G2 has recently completed 9 holes targeting a 1.2km long zone of continuous gold mineralisation in soils a...