G2 Goldfields Unveils Exciting Drilling Results at OKO
G2 Goldfields Expands Mineral Resources at OKO
G2 Goldfields Inc. (“G2”) (TSX: GTWO; OTCQX: GUYGF) has exciting news regarding its exploration program at the expansive 27,719-acre OKO-AREMU gold project. The company recently announced a significant update on their Mineral Resource Estimate (MRE), boasting an impressive total of 922,000 ounces of gold classified as Indicated and an additional 1,099,000 ounces categorized as Inferred.
Significant Drill Results Highlight New Horizons
The drilling operations at OKO have uncovered promising results along a prominent north-south structure extending 2.5 kilometers. The high-grade OMZ resource, located to the north, presents 688,000 ounces of gold at 9.03 g/t Au in the Indicated category and 495,000 ounces at 6.38 g/t Au in the Inferred category. Currently, G2 is focusing its drilling efforts on the southern portion of the structure, where results indicate a potential expansion of the established gold resource.
Recent Drilling Highlights
In a recent release, the company provided assays from sixteen diamond drill holes totaling 5,411 meters. Among the highlights, drill hole GDD-135 yielded an impressive interception of 57.5 meters at 4.3 g/t Au. Other notable results include:
- GDD-127: 38.2 meters at 3.4 g/t Au
- GDD-122: 69.5 meters at 1.9 g/t Au
Expanding Horizons and New Discoveries
The latest drilling efforts have led to the discovery of a significant new gold horizon south of the previously defined mineralization area. Six new drill holes have confirmed gold mineralization extending from the surface down to almost 400 meters. This emerging zone indicates tremendous potential, positioning G2 for continued success in its exploration journey.
Continued Success in the Ghanie Zone
In addition to the emerging new zone, drilling in both the northern and southern sections of the 1.2 km long Ghanie Zone has also been fruitful. Notable intersections include:
- GDD-134: 18 meters at 1.1 g/t Au
- GDD-126: 6 meters at 4.6 g/t Au
These developments underscore the expanding near-surface and deeper mineralization within the Ghanie Zone, enhancing the overall prospect of the OKO project.
Future Outlook under New Leadership
CEO Dan Noone expressed his enthusiasm about the exploration potential revealed by these drilling results. G2 Goldfields is financially robust, holding over Cdn$50 million in working capital, enabling the company to pursue aggressive development plans in this promising gold camp.
Quality Assurance and Exploration Background
The drilling program adheres to quality control measures, logging and sampling cores at a secure facility before sending samples to an accredited laboratory for analysis. The results speak volumes about G2 Goldfields' experienced team, which has a history of discovering millions of ounces of gold in Guyana.
About G2 Goldfields Inc.
G2 Goldfields is recognized for its expertise and successful track record in the gold mining sector. The updated MRE reflects the company’s efforts to unlock the potential buried beneath the surface at the OKO project through meticulous and innovative exploration techniques.
Frequently Asked Questions
What recent results did G2 Goldfields announce?
G2 Goldfields reported impressive drill results, including 57.5 meters at 4.3 g/t Au from drill hole GDD-135.
What is the focus of G2's exploration efforts?
G2 Goldfields is focusing on expanding the mineral resources at the OKO-AREMU gold project, particularly in the southern portion of the structure.
How is G2 Goldfields ensuring quality in its drilling program?
The company implements strict quality control measures by logging and sampling core at a secure facility and sending samples to accredited laboratories for analysis.
What financial resources does G2 Goldfields have for its exploration activities?
G2 Goldfields has over Cdn$50 million in working capital, allowing them to finance aggressive exploration and development plans.
How experienced is G2 Goldfields' team in gold exploration?
The G2 Goldfields team has extensive experience and has been responsible for discovering millions of ounces of gold in Guyana.
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