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G2 Goldfields (TSXV:GTWO) announces grant of options

Market News, Mining
TSXV:GTWO
24 November 2022 12:45 (EDT)

Source: G2 Goldfields.

G2 Goldfields (GTWO) has granted 750,000 options to certain directors and a company officer.

The options are exercisable at a price of $0.75 per share until November 23, 2025, and vesting over 18 months from the date of the grant.

The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

G2 Goldfields Inc is a Canada-based company engaged in the business of acquiring and exploring mineral properties.

The company’s project portfolio includes Sandy Lake Gold Project in Canada, Aremu / Oko Gold Project in Guyana, and Peters Mine in Guyana.

G2 recently announced its maiden mineral resource estimate on the newly discovered Oko property in Guyana. The highlights of the report include 974,000 oz. Au – Inferred Mineral Resource contained within 3,274,000 tonnes @ 9.25 g/t Au, and 220,000 oz. Au – Indicated Mineral Resource contained within 793,000 tonnes @ 8.63 g/t Au.

Importantly, all of the maiden mineral resources lie within 350 metres of surface and remain open down plunge.

The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.

G2 currently has three drills operating and is awaiting assays on twenty-eight holes.

G2 Goldfields Inc. was unchanged at $0.64 at 12:18 PM ET.


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