- G2 Goldfields (TSX:GTWO) released new assays from ongoing drilling at its OKO project in Guyana, highlighted by intercepts of 39.3 g/t gold over 2.7 metres and 2.1 g/t gold over 30 metres
- G2 Goldfields explores and develops gold deposits in Guyana guided by a team directly responsible for the discovery of more than 11 million ounces of gold in the Guiana Shield
- The junior gold stock has added 211.74 per cent year-over-year and 1,480.95 per cent since 2021
G2 Goldfields (TSX:GTWO) released new assays from ongoing drilling at its OKO project in Guyana, highlighted by intercepts of 39.3 grams per ton (g/t) of gold over 2.7 metres and 2.1 g/t gold over 30 metres.
Results stem from 16 diamond drillholes collectively spanning 5,997 metres, which intersected gold mineralization south of existing pit shells and down-plunge of the current gold resource.
OKO’s 2025 preliminary economic assessment estimates total gold production of 3.2 million ounces over a 14-year mine life at all-in sustaining costs of only US$1,191 per ounce, granting investors steeply discounted exposure to gold’s recent ascent to an all-time-high of almost US$4,500 per ounce.
Five rigs are in operation at OKO focused on greenfield exploration and expanding gold zones with assays pending from new target areas.
Management commentary
“These results continue to demonstrate the ongoing expansion of gold resources at the OKO project, with mineralization remaining open in multiple directions,” Daniel Noone, chief executive officer of G2 Goldfields, said in Tuesday’s news release. “With five rigs focused on the Ghanie/Border target areas, alongside continued greenfield exploration across the district, we are excited about the potential for additional gold discoveries in the greater OKO district. G2 will continue to unlock shareholder value by aggressively exploring and de-risking its portfolio of gold projects.”
About G2 Goldfields
G2 Goldfields explores and develops gold deposits in Guyana guided by a team directly responsible for the discovery of more than 11 million ounces of gold in the Guiana Shield. The company’s open-pit and underground resources across five discoveries to date include 1,910,300 ounces of gold inferred and 1,620,600 ounces of gold indicated.
G2 Goldfields stock (TSX:GTWO) is up by 2.79 per cent trading for C$6.64 as of 11:13 am ET. The stock has added 211.74 per cent year-over-year and 1,480.95 per cent since 2021.
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