- G2 Goldfields (TSX:GTWO) is sharing record assay results from ongoing drilling at the New Oko discovery area, which is located within its 83,967-acre land package in Gayana’s Oko-Aremu district
- New Oko is the company’s third major gold discovery on the property
- G2 Goldfields explores and develops gold deposits in Guyana guided by founders and principals directly responsible for the discovery of more than 10 million ounces of gold in the Guiana Shield
- G2 Goldfields stock has added 73.46 per cent year-over-year and 212.22 per cent since 2020
G2 Goldfields (TSX:GTWO) is sharing record assay results from ongoing drilling at the New Oko discovery area, which is located within its 83,967-acre land package in Gayana’s Oko-Aremu district. New Oko, the company’s third major gold discovery on the property, was initially announced on March 18 and resides only 10 kilometres from its existing gold resources at the Oko-Ghanie deposit, including 1.5 million ounces indicated and 1.6 million ounces inferred.
This content has been prepared as part of a partnership with G2 Goldfields Inc., and is intended for informational purposes only.
Highlights from the most recent 25 of 69 diamond drillholes completed to date include 60 metres at 5.9 grams per ton (g/t) of gold, 22.5 metres at 9.3 g/t gold and 42 metres at 2.2 g/t gold, with a full list of results available in Tuesday’s news release.
Drilling intercepted broad zones of gold mineralization down plunge of the original discovery zone measuring up to 150 metres deep, delineating a high-grade zone in the southwestern portion.
Five drill rigs remain active across New Oko, with management planning to further substantiate a resource estimate and preliminary economic assessment slated for year-end, as well as investigate multiple gold targets along a 15-kilometre trend yielding a highlight of 7.5 metres at 1.1 g/t gold about 500 metres north of existing resources.
Leadership insights
“This round of drilling, which was aimed at targeting higher-grade zones, has delivered the two best down-hole intercepts on the New Oko discovery to date,” Boaz Wade, G2 Goldfields’ vice president of exploration, said in a statement. “The other drillholes indicate continuity of mineralization within a plunging high-grade shoot as well as along strike in the broader shear structure. Extensions to the high-grade zone intersected by holes AMD30 and AMD50 will be part of the target areas for the next phase of drilling as we aim to aggressively advance exploration on this discovery with multiple drill rigs.”
“These are some of the best holes drilled in the region to date,” added Dan Noone, G2 Goldfields’ chief executive officer. “Near-surface, high-grade hits like these bode well for our upcoming mineral resource estimate expected in early Q4 2025 – the company’s fourth resource estimate in the last three years – as well as a preliminary economic assessment expected in Q4 2025.”
About G2 Goldfields
G2 Goldfields explores and develops gold deposits in Guyana. The company’s founders and principals are directly responsible for the discovery of more than 10 million ounces of gold in the Guiana Shield.
G2 Goldfields stock (TSX:GTWO) is up by 2.93 per cent trading at C$2.81 as of 9:31 am ET. The stock has added 73.46 per cent year-over-year and 212.22 per cent since 2020.
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