- G2 Goldfields (TSXV:GTWO) has announced drill results from the ongoing drilling program at the company’s Oko-Aremu project in Guyana
- Notably, the company intersected 116.6 grams of gold per tonne over 2.4 metres at the site
- The Oko-Aremu project has already had drilled 37 holes at the site
- Mineralization at the site follows a wide, flat and shallow mineral trend stretching two kilometres long
- G2 Goldfields (GTWO) is holding steady at C$0.44 per share, with a market cap of $45 million
G2 Goldfields (TSXV:GTWO) has announced drill results from the ongoing drilling program at the company’s Oko-Aremu project in Guyana.
The 19,200-acre project contains multiple areas of mineralization, the most prominent of which includes the Aremu Mine Zone and the Oko Deformation Zone.
G2 has completed 37 drill holes in Oko zone, and the company has posted the results from its latest 9 holes.
Intercepts from Oko include 116.6 grams per tonne of gold over 2.4 meters. This intercept was recorded at the southernmost drill hole on site to date and is one of the highest quality intercepts at the project.
Further intercepts include 19.5 grams per tonne gold over 4 meters and 7.2 grams per tonne gold over 11.7 meters. Both of these intercepts were designed to expand shallow high grade mineralization.
CEO of G2, Dan Noone said he was delighted that the drilling had confirmed the consistency and predictability of the high grade mineralization at the site.
“Every hole has hit this relatively linear zone of mineralization within meters of where our model predicted. Parallel zones intersected to the east and west of the target zone provide further targets to for follow up.
“To the south, the mineralization is open and 3 shafts and multiple open gold pits trace the mineralization for a further kilometre,” he said.
The company stated it is in the early days in the exploration of Oko but they are happy with the mineralization at the site.
Currently, drilling at Oko has remained very shallowed with intercepts all coming within 110 metres of the surface. That shallow drilling should provide an immediate return on investment for the company, should it advance production.
G2 Goldfields (TWO) is holding steady at C$0.44 per share at 1:48 pm EST.