- G2 Goldfields (TSX:GTWO) has significantly expanded mineralization on its 58,000-acre Oko Aremu gold project in Guyana
- A new mineral resource estimate (MRE) slated for Q1 2025 positions shareholders since 2020 to collect a 10-bagger return
- G2 Goldfields is a junior miner guided by a leadership team directly responsible for the discovery of millions of ounces of gold in Guyana
- G2 Goldfields stock has added 198.63 per cent year-over-year and 990 per cent since 2020
G2 Goldfields (TSX:GTWO) has significantly expanded mineralization on its 58,000-acre Oko Aremu gold project in Guyana.
Oko‘s gold resource lies along a 2.5 km-long north-south structure defined by the high-grade OMZ resource to the north (688,000 ounces of gold grading 9.03 grams per ton (g/t) of gold indicated, 495,000 ounces of gold grading 6.38 g/t gold inferred) and the Ghanie open-pit and underground resource to the south.
As per Tuesday’s news release, the company’s 2024 exploration program focused on the southern portion of the structure, successfully:
- In-fill drilling at OMZ, further defining the main zone deposit, returning 4.9 g/t gold over 11 m at OMZ Shear 1, which was omitted from the April 2024 resource estimate.
- Discovering a new high-grade gold zone in the 800-metre gap between the April 2024 Ghanie and OMZ resources returning 9 metres at 2.6 g/t gold and 4 metres at 36.8 g/t gold.
- Extending the OMZ deposit returning 18 m at 3.1 g/t gold and 5.6 m at 2 g/t gold.
- Drilling down-plunge extensions at Ghanie returning 51.8 metres at 2.1 g/t gold and 51.4 m at 5.3 g/t gold, respectively.
The two-million-ounce Oko project is positioned to grow with a new resource estimate in Q1 2025 supported by 200 drill holes spanning 56,887 metres since the April 2024 estimate.
Leadership insights
“These new results definitively demonstrate that, despite almost five hundred holes being completed to date, the Oko project remains very much a growth story. In 2025 we will continue to aggressively explore this emerging gold district,” Dan Noone, G2 Goldfields’ chief executive officer, said in a statement.
“Some encouraging drilling intercepts, which included zones of visible gold, confirm that high-grade mineralization occurs down-plunge of the existing OMZ resource,” added Boaz Wade, G2 Goldfields’ vice president of exploration. “This program demonstrates growth potential at the OMZ deposit by targeting well-defined structural geometries.”
About G2 Goldfields
G2 Goldfields is a junior miner guided by a leadership team directly responsible for the discovery of millions of ounces of gold in Guyana, as well as the financing and development of the Aurora mine, Guyana’s largest gold mine.
G2 Goldfields stock (TSX:GTWO) is up by 2.35 per cent trading at C$2.18 per share as of 9:36 am ET. The stock has added 198.63 per cent year-over-year and 990 per cent since 2020.
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(Top photo of drilling on the Oko gold project in Guyana: G2 Goldfields)
