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Be the first with the news that moves the market- Drilling expands at G2 Goldfields (GTWO) OKO Project in Guyana
- To date G2 has completed 55 diamond drill holes totaling 7,867 meters at the Ghanie Discovery
- Assay results available are for holes 21 through 30
- All the mineralized intercepts lie within 100 meter’s of surface with all areas remaining open to depth
- G2 will be drill testing several new areas over the coming months
- G2 Goldfields (GTWO) is down 2.20 per cent, trading at $0.89 at 11:41 am EST
The dual-listed company, G2 Goldfields (GTWO) released results for its OKO Project in Guyana.
One of the company’s newer projects, all of the maiden mineral resources are within 350 meters of surface and remain open down plunge.
Drilling and trenching on site have increased the zone, resulting in a strike length of 1 kilometer.
According to the company, the results from mechanical trenching remain open to the north with follow up drilling continuing.
Regarding drilling, there are 55 diamond drill holes that have been drilled, to date, with assay results available for holes 21 through 30.
Going forward, there are several areas that show potential for high grades of gold.
Future work at the OKO Project
Boaz Wade, V.P. Exploration, stated, “The Ghanie discovery is one of several geological targets which the Company has identified for follow up diamond drilling.”
The company will be focusing on trenching results to the north, looking at expanding the discovery to depth and along strike.
Active exploration programs continue to take place at the 19,000 acre property, with drill testing occurring in several new areas in the next couple of months.
CEO of G2 Goldfields, Dan Noone touched on the fully funded program including OKO East and how the company shows promise of growth.
“[…] with the Ghanie discovery shaping up to become a potentially significant new resource for the company. We also look forward to drilling new targets within the district in the coming months.”
The G2 Goldfields has discovered millions of ounces of gold in Guyana and has financed the development of the Aurora Gold Mine, Guyana’s largest gold mine.
G2 Goldfields (GTWO) is down 2.20 per cent, trading at $0.89 at 11:41 am EST.
