G2 Drills 76m @ 1.5 g/t Au and 3m @ 12.5 g/t Au in Scout Drilling at Peters Mine, Guyana

Core Insights - G2 Goldfields Inc. announced significant diamond drilling results indicating substantial near-surface gold mineralization at the Peters Mine Property in Guyana [1][2][11] - The Peters Mine Property is part of a larger portfolio in the Oko-Aremu-Peters Mine district, located approximately 35 km from the flagship OKO property, which has substantial mineral resources [2][20] Historical Context - The Peters Mine was discovered in 1902 and began operations in 1905, producing 41,915 ounces of gold primarily from shallow underground workings [5] - Historical exploration efforts include airborne geophysical work in the 1960s and various drilling programs by different companies from 1965 to 2003 [5][13] Geological Overview - Gold mineralization at the Peters Mine is associated with quartz veins and stockworks within steeply plunging fold structures, with five documented gold target areas along the Mango Trend Deformation Zone [6][11] - The property has seen less than 20,000 meters of drilling historically, indicating significant unexplored potential [6] Recent Drilling Results - The recent drilling program aimed to gather geological and structural information, with notable results including: - Hole PDD1: 76 meters at 1.5 g/t Au, with a high-grade interval of 16.5 meters at 5.0 g/t Au [8][11] - Hole PDD5: 3 meters at 12.5 g/t Au from 147 meters downhole [15] - Overall, the results demonstrate considerable potential for further exploration in the Peters Mine district [11][15] Future Plans - G2 Goldfields is planning a significant drill program for the Peters Mine district to further explore the identified gold targets [15][18]