- G2 Goldfields (GUYGF, Financial) announces significant near-surface gold intercepts in the New Oko Discovery Area.
- The New Oko discovery has expanded to a strike length of 630 meters and remains open in all directions.
- G2 plans new drilling at the 'RE Zone' with results expected in mid-July.
G2 Goldfields Inc. (GUYGF) has reported substantial drilling results from its New Oko Discovery Area in Guyana. The company has identified multiple near-surface gold intercepts which include 65 meters grading at 1.5 grams per ton (g/t) gold in Hole AMD18, 52 meters at 0.9 g/t gold in Hole AMD23, and 70.5 meters at 1.8 g/t gold in Hole AMD25.
The New Oko discovery now boasts a total strike length of 630 meters and remains open in all directions, indicating potential for further expansion. This discovery is located 10 kilometers north of the existing Oko-Ghanie Deposit, which hosts 1.5 million ounces of indicated gold resources at 3.40 g/t and 1.6 million ounces of inferred resources at 2.48 g/t.
To date, G2 Goldfields has completed 47 diamond drill holes totaling 6,439 meters in the New Oko Discovery Area. In deeper drill holes, significant sulphide mineralization has been encountered, suggesting robust gold-bearing structures at depth.
Looking forward, G2 is gearing up to start a new drilling campaign at the 'RE Zone,' a promising gold-in-soil anomaly located 4 kilometers north of the current exploration site. The initial drill program will consist of eight holes, with results anticipated by mid-July.
The company is optimistic about the exploration potential in the region and plans to continue leveraging its first-mover advantage in the Guiana Shield to expand its gold resources. G2 remains focused on identifying and developing high-value gold targets on its extensive 83,967-acre exploration asset in Guyana.
