G2 Goldfields Achieves Key Milestone in New Oko Discovery
Introduction to G2 Goldfields' Discoveries
G2 Goldfields Inc. (“G2” or the “Company”) is making significant strides in its ongoing exploration activities, particularly in the New Oko Discovery Area. This region is a burgeoning gold play situated in Guyana, where G2 has successfully expanded its grasp on gold mineralisation which now stretches significantly deeper than previously recorded levels.
Recent Discoveries and Assay Results
The recent drill results have confirmed substantial extensions of gold mineralisation, stretching over 200 meters down plunge from earlier drilling efforts. Notable assay results include:
- 49.0m at 1.3 g/t Au (AMD54A)
- 52.0m at 1.1 g/t Au (AMD56)
- 46.5m at 1.0 g/t Au (AMD58)
- 41.2m at 1.7 g/t Au (AMD94)
In addition, G2’s infill drilling has confirmed rich near-surface, high-grade gold mineralisation, evidenced by results that include:
- 49.5m at 4.2 g/t Au (AMD87)
- 37.0m at 3.2 g/t Au (AMD78)
- 7.5m at 13.8 g/t Au (AMD97)
Future Developments and Assessments
Looking ahead, G2 plans to provide an updated Mineral Resource Estimate (MRE) alongside a Preliminary Economic Assessment (PEA) anticipated in the fourth quarter of 2025. This will mark a pivotal moment for the company as it strives to enhance its project potential further.
Insights from Leadership
G2's CEO, Dan Noone, expressed enthusiasm regarding the ongoing developments, highlighting the expansion of the high-grade deposits that will significantly contribute to the updated MRE. The efforts to solidify the exploration strategies continue to progress well.
Strategizing for Upcoming Opportunities
As Patrick Sheridan, G2's Executive Chairman noted, the imminent months are crucial for shareholders. The company aims to deliver initial economic metrics that relate to a multi-open pit operation and a high-grade underground mine, opening doors for greater investments.
Quality Assurance Protocols
To ensure the integrity of the drilling program, samples are collected and analyzed in a secured environment, with all processes adhering to best practices within the industry. The samples undergo rigorous testing techniques, aiming to uphold the quality control measures across all analyses.
About G2 Goldfields Inc.
G2 Goldfields is dedicated to discovering and developing gold resources within Guyana, an area known for its significant gold deposits. The company has demonstrated its commitment to exploration excellence, backed by a history of discovering multi-million ounce resources in this underexplored frontier.
Frequently Asked Questions
What is the New Oko Discovery?
The New Oko Discovery is an area in Guyana where G2 Goldfields has encountered significant gold mineralisation through extensive drilling operations.
When is the updated Mineral Resource Estimate expected?
The updated Mineral Resource Estimate is expected in the fourth quarter of 2025, per the company's latest announcements.
What techniques does G2 use for drilling and analysis?
G2 employs industry-standard techniques for core sample analysis, including metallic screen fire assay and atomic absorption finish to ensure accurate results.
How is G2 Goldfields positioned in the market?
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) is positioned as a significant player in the gold exploration sector, focusing on high-potential areas in Guyana.
What are the future plans for G2 Goldfields?
G2 plans to further explore multiple gold targets, with a focus on expanding the resource base and advancing toward potential project development milestones.
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