G2 Announces New Gold Discoveries Outside Existing Mineral Resources and Provides Corporate Update

Core Insights - G2 Goldfields Inc. is advancing its high-grade OKO Gold Project in Guyana, with a 100,000-meter drilling campaign and new gold discoveries outside existing mineral resources [1][2][11] Project Overview - A Preliminary Economic Assessment (PEA) indicates the potential for a 10,000 tonne-per-day gold mining operation, projecting total production of 3.2 million ounces of gold at all-in sustaining costs of US$1,232 per ounce over a 14-year mine life [2][30] - The project is actively expanding through drilling extensions along the +15km OKO trend and new greenfields discoveries along the 20km Aremu gold trend [3][11] Exploration and Drilling Activities - The company has two drilling contractors on site with six operational drill rigs, with plans to add two more to expedite the drilling programs [5] - The current drilling program includes resource expansion and upgrading Inferred mineral resources to Indicated resources for the upcoming Feasibility Study [5][11] - Significant drill intercepts have been reported, including 66m at 0.9 g/t Au and 6m at 4.1 g/t Au from the OMZ resource area, and new discoveries at the "Sands" target area with intercepts of 24m at 2.5 g/t Au and 5m at 4.8 g/t Au [8][11][18] Future Plans - Exploration campaigns will run alongside early works programs and environmental studies, aiming for a Feasibility Study and construction decision by mid-2027 [4][32] - The company is focusing on the Oko NW area, which has shown significant potential based on previous drilling results [26]