G2 Drilling Significantly Expands New Oko Discovery

Core Viewpoint - G2 Goldfields Inc. has announced new assay results from its ongoing drilling program in the greater OKO-AREMU district, Guyana, highlighting significant gold discoveries and ongoing exploration efforts [1][12]. Exploration and Discoveries - G2 Goldfields holds exploration rights to 83,967 acres in the OKO-AREMU district, with the New Oko Discovery being the third significant gold discovery on its holdings [1]. - The New Oko Discovery area has seen 108 drill holes completed, totaling 20,423 meters, with assay results provided for forty-nine drill holes [4][12]. - The gold mineralization has been extended 200 meters down plunge from previous holes, with significant intercepts reported [4][6]. Drill Results - Notable drill results include: - 49.0 meters at 1.3 g/t Au (AMD54A) - 52.0 meters at 1.1 g/t Au (AMD56) - 49.5 meters at 4.2 g/t Au (AMD87) - 7.5 meters at 13.8 g/t Au (AMD97) [4][9]. - Infill drilling has confirmed high-grade gold mineralization near the surface, with results indicating strong potential for open-pit mining [6][12]. Future Projections - An updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) are anticipated in Q4 2025, reflecting the ongoing progress and potential of the project [4][12]. - The company is optimistic about developing a significant new gold mine in Guyana, with plans for a multi-open pit operation combined with a high-grade underground mine [12][14]. Historical Context - G2 Goldfields has a legacy of exploration success, having been responsible for the discovery of over 10 million ounces of gold in the Guiana Shield [14]. - The Oko district has been recognized as a prolific alluvial goldfield since the 1870s, with modern exploration techniques revealing considerable potential [15].