From GlobeNewswire: 2025-04-28 07:00:00

G2 Goldfields Inc. reports significant new gold discovery in the Oko-Aremu District, Guyana with drill results of 41m @ 1.2 g/t Au & 50m @ 1.1 g/t Au. Regional soil sampling and mapping continue to identify high-value drill targets. Scout drilling at Peters Mine property with four holes completed, six more planned.

Diamond drilling at G2 Goldfields’ new gold discovery site in Guyana has shown promising results with continuous expansion. The auriferous zone is nearly 500m long, open in both southwest and northeast directions. Latest assays show significant gold grades, with holes like AMD 13 (42m @ 1.4 g/t Au) and AMD 15 (50.5m @ 1.1 g/t Au) contributing to the ongoing success.

Patrick Sheridan, Executive Chairman of G2 Goldfields, highlights the potential of the new gold discovery to enhance the existing multi-million ounce resource at OKO. Geological mapping has identified parallel shear structures for future drill targets. The company is planning aggressive drilling to extend the discovery further and explore new high-priority areas.

G2 Goldfields has completed four diamond drill holes at the Peters Mine property, with six more in the planning stage. Results from the initial drilling are expected soon. The company follows strict QA/QC protocols, ensuring accurate and reliable analysis of core samples for gold content. G2 Goldfields continues to focus on exploration and development of gold deposits in Guyana. The updated Mineral Resource Estimate (MRE) for G2 Goldfields includes 513,500 oz. Au in the Oko Main Zone (OMZ) and 1,024,500 oz. Au in the Ghanie Zone. The MRE was prepared by Micon International Limited and lies within an average depth of 665 meters of surface in the Oko district, a historic goldfield.

The MRE for G2 Goldfields was prepared by Micon International Limited and includes a total combined open pit and underground Resource for the Oko Main Zone and Ghanie Zone. The estimates include both Indicated and Inferred resources within the Oko district, with significant potential for further exploration and development.

Dan Noone, CEO of G2 Goldfields, reviewed and approved all scientific and technical information in the news release. The MRE includes a total open pit Resource for the Oko NW Zone, emphasizing the company’s commitment to transparency and compliance with regulatory standards.

G2 Goldfields Inc. announced the updated Mineral Resource Estimate (MRE) with significant gold resources in various zones. The company’s exploration efforts continue to unlock the potential of the Oko district, a historically rich goldfield. The detailed MRE provides a clear picture of the resource potential and sets the stage for future development and growth.



Read more at GlobeNewswire: G2 Continues to Expand New Surface Gold Discovery and