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G2 Drills Best Holes to Date in New OKO Surface Discovery
Globenewswireยท2025-07-15 10:00

Core Insights - G2 Goldfields Inc. has announced new assay results from its ongoing drilling program in the greater OKO-AREMU district, Guyana, highlighting the discovery of significant gold mineralization [1][19] - The New Oko Discovery Area represents the third major gold discovery on the company's holdings, with exploration rights covering 83,967 acres [1] - The company is actively drilling with five rigs in the Discovery Area, aiming to advance exploration and update its mineral resource estimate and preliminary economic assessment by Q4 2025 [7][19] Drilling Program Details - A total of 69 diamond drill holes have been completed, totaling 13,239 meters, with 25 holes reported in this release covering 4,113 meters [4] - Significant high-grade gold intersections were reported, including 5.9 g/t Au over 60 meters in hole AMD30 and 2.2 g/t Au over 99.9 meters in hole AMD50 [7][19] - The drilling primarily targets gold mineralization down-plunge of previously reported near-surface intercepts, with broad zones of mineralization encountered at depths of up to 150 meters [9][12] Mineral Resource Estimates - The company anticipates an updated mineral resource estimate and preliminary economic assessment in Q4 2025, which will be the fourth resource estimate in three years [19] - The previous updated mineral resource estimate for the Oko property indicated a total of 1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au [1][22] - The Oko district has a history of gold production and continues to show significant exploration potential [22]