- During recent drilling, G2 Goldfields (TSX:GTWO) expanded the newest discovery at its Oko gold project in Guyana, hitting wide intersections of near-surface, oxidized gold
- The four drillholes reported hit strong mineralization highlighted by 1.9 grams per ton (g/t) gold over 43.7 metres and 1.2 g/t gold over 51 metres
- G2 is developing a large portfolio of prospective gold projects in Guyana backed by a team responsible for the discovery of millions of ounces of gold in the country
- G2 Goldfields stock has added 257.78 per cent year-over-year and 1,092.59 per cent since 2020
During recent drilling, G2 Goldfields (TSX:GTWO) expanded the newest discovery at its Oko gold project in Guyana, hitting wide intersections of near-surface, oxidized gold.
The discovery is only a few miles away from the project’s flagship gold resources at the Oko main zone and Ghanie – representing 1.5 million ounces of gold indicated and 1.6 million ounces inferred, respectively – granting it the potential to materially improve project scale and economics.
The four drillholes spanning 352.5 metres reported in Tuesday’s news release hit strong mineralization, all within 20 metres of surface, substantiating continuity along strike and down plunge from previous drilling. Mineralization remains open in all directions with assays pending.
The news follows the first eight drillholes on the new discovery announced on March 18, 2025.
Assay results from the Oko gold project
| Hole ID | From | To | Int (M) | Gold (g/t) | Comment |
| AMD 9 | 32.0 | 40.5 | 8.5 | 4.7 | hard rock |
| Incl. | 33.3 | 36.0 | 2.7 | 13.0 | |
| AMD 10 | 15.0 | 66.0 | 51.0 | 1.2 | oxides to 57 m downhole |
| Incl. | 27.0 | 34.5 | 7.5 | 3.4 | oxides |
| And | 60.0 | 64.5 | 4.5 | 2.4 | hard rock |
| AMD 11 | 33.0 | 54.0 | 21.0 | 1.5 | oxides |
| AMD 11 | 69.5 | 81.0 | 11.5 | 2.1 | hard rock |
| Incl. | 69.5 | 72.5 | 3.0 | 5.6 | |
| AMD 12 | 34.0 | 77.7 | 43.7 | 1.9 | oxides |
| Incl. | 64.5 | 72.0 | 7.5 | 7.9 | oxides |
Leadership insights
“It’s very early days for this discovery but based on the dozen or so holes we have seen so far, this discovery is quite exciting,” Dan Noone, G2 Goldfields’ chief executive officer, said in a statement. “In a little over a month of drilling, we have established over 400 m of strike of near-surface, oxidized gold mineralization. Additionally, we have confirmed very good down-plunge continuity in the areas tested thus far. As a result, we are immediately adding an additional drill rig to this program and stand ready to provide additional drills as required.”
About G2 Goldfields
G2 is developing a large portfolio of prospective gold projects in Guyana backed by a team responsible for the discovery of millions of ounces of gold in the country, in addition to the financing and development of the Aurora mine, Guyana’s largest gold mine. AngloGold Ashanti (NYSE:AU) holds a 14.99 per cent stake in the company.
G2 Goldfields stock (TSX:GTWO) last traded at C$3.22 per share. The stock has added 257.78 per cent year-over-year and 1,092.59 per cent since 2020.
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(Top map of new district discovery at Oko gold project in Guyana: G2 Goldfields)