G2 Goldfields drills high-grade gold intersections in Guyana, with potential for significant impact
From GlobeNewswire: 2025-04-01 06:00:00
G2 Goldfields Inc. announces diamond drilling results at the OKO Project in Guyana, revealing wide intersections of near-surface, oxidized gold mineralization near flagship gold resources totaling 1.5M oz. Indicated and 1.6M oz. Inferred. Significant new discovery may impact potential mining complex scale and economics, with more drilling planned.
Additional drilling results from G2’s new discovery include Hole AMD 12 with 1.9 g/t Au over 43.7m, including a high-grade intercept of 7.9 g/t Au over 7.5m, and Hole AMD 10 with 1.2 g/t Au over 51.0m, all originating within 20m of surface. Continuity of gold mineralization along strike and down plunge demonstrated, with gold mineralization open in all directions.
G2 CEO, Dan Noone, expresses excitement over early results, adding a drill rig to the program in response to positive findings. Excellent continuity of gold mineralization seen so far, with confirmed down plunge continuity. All sampling and analysis conducted at MSALABS Guyana, ensuring quality control and assurance.
G2 Goldfields announces Updated Mineral Resource Estimate for Oko property in Guyana, including 513,500 oz. Au Inferred and 808,000 oz. Au Indicated at the Oko Main Zone, and 1,024,500 oz. Au Inferred and 663,400 oz. Au Indicated at the Ghanie Zone. Total open pit Resource for Oko NW Zone includes 97,200 oz. Au Inferred.
AngloGold Ashanti holds 14.99% of G2 shares, with G2 having over C$30 million in cash holdings for exploration. All scientific and technical information reviewed and approved by Dan Noone, a qualified person under NI 43-101. G2 Goldfields Inc. announces Daniel Noone as CEO & Director. For more information, visit SEDAR+ and the company’s website. The discovery may impact a potential mining complex. Gold mineralization is open in all directions. Forward-looking statements caution potential risks and uncertainties. The company will not update or revise statements, except as required by law.
Read more at GlobeNewswire: G2 Drills 43m @ 1.9 g/t Au & 51m @ 1.2 g/t Au in New