- G2 Goldfields (GTWO) released additional assay results from the ongoing drill program at its newly discovered Ghanie Zone within its OKO Project
- Diamond drilling has continued to intersect significant near surface disseminated gold mineralization, with the new zone now defined over a strike length of 800 metres
- The high-grade footwall zone, within the broader zone of disseminated gold mineralization, is continuous and remains open along strike and down plunge
- G2 Goldfields Inc. (GTWO) was unchanged at $0.85 at 1:30 pm ET
G2 Goldfields (GTWO) released additional assay results from the ongoing drill program at its newly discovered Ghanie Zone within its OKO Project.
Diamond drilling has continued to intersect significant near-surface disseminated gold mineralization, with the new zone now defined over a strike length of 800 metres.
| Ghanie Drill Results | ||||
| Hole ID | Int (m) | Au g/t | From | To |
| GDD–06 | 3.0 | 17.0 | 58.0 | 61.0 |
| GDD–07 | 26.5 | 1.1 | 84.0 | 110.5 |
| GDD–10 | 26.6 | 5.1 | 90.0 | 116.6 |
| Incl. | 7.6 | 15.5 | 109.0 | 116.6 |
| GDD–11 | 4.0 | 4.0 | 73.0 | 77.0 |
| GDD–12 | 17.7 | 1.4 | 136.0 | 153.7 |
| GDD–14 | 17.9 | 1.0 | 133.5 | 151.4 |
| GDD–15 | 36.2 | 0.9 | 52.5 | 88.7 |
| GDD–16 | 45.9 | 0.9 | 90.1 | 136.0 |
| GDD–17 | 32.1 | 2.2 | 31.0 | 63.1 |
| Incl. | 4.9 | 7.5 | 57.2 | 62.1 |
| GDD–18 | 25.0 | 2.2 | 41.0 | 66.0 |
| Incl. | 7.0 | 5.6 | 59.0 | 66.0 |
| GDD–19 | 28.6 | 2.0 | 52.5 | 81.1 |
| Incl. | 3.3 | 8.8 | 77.0 | 80.3 |
| GDD–20 | 30.4 | 1.8 | 62.0 | 92.4 |
| Incl. | 5.9 | 7.2 | 85.9 | 91.8 |
The results have established a higher-grade core within the footwall of the deposit:
| 7.6 m | at | 15.5 | g/t Au | GDD-10 |
| 4.9 m | at | 7.5 | g/t Au | GDD-17 |
| 7.0 m | at | 5.6 | g/t Au | GDD-18 |
| 3.3 m | at | 8.8 | g/t Au | GDD-19 |
| 5.9 m | at | 7.2 | g/t Au | GDD-20 |
| 13.9 m | at | 5.1 | g/t Au | GDD-04 |
The company’s V.P. Exploration, Boaz Wade, stated that the latest drill results from the Ghanie target have confirmed a significant new discovery directly to the south of the OMZ deposit.
“The high-grade footwall zone, within the broader zone of disseminated gold mineralization, is continuous and remains open along strike and down plunge.”
Executive Chairman, Patrick Sheridan, added the G2 exploration team continues to discover highly prospective gold targets at OKO.
“We now have a considerable pipeline of new areas to explore whilst we expand areas with established mineralization.”
G2 Goldfields Inc is a Canadian company engaged in the business of acquiring and exploring mineral properties.
The company’s project portfolio includes Sandy Lake Gold Project in Ontario, Canada, Aremu / Oko Gold Project in Guyana, and Peters Mine in Guyana.
The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.
G2 Goldfields Inc. (GTWO) was unchanged at $0.85 at 1:30 pm ET.
