Market Herald logo

Subscribe

Be the first with the news that moves the market
  • G2 Goldfields (TSXV:GTWO) has reported high-grade intersects from its Oko-Aremu property in Guyana 
  • The results include 2.8 grams per tonne of gold over 2.7 metres at a depth of 136 metres
  • Further notable results include 2.2 grams per tonne of gold over 25 metres from a depth of 16 metres
  • G2 Goldfields has been working on defining the extent of the main mineralized zone of its Oko Deformation Zone
  • Before the market opens, G2 Goldfields (GTWO) is trading at C$0.61 per share

G2 Goldfields (TSXV:GTWO) has reported high-grade intersects from its Oko-Aremu property in Guyana.

The just over 19,000-acre property hosts a plethora of shafts, pits and mineral zones, including the past-producing Aremu gold mine.

G2 has zeroed in on several areas of mineralization over a 15-kilometre trend that extends south east away from the Aremu Mine. However, the drill program has primarily focused on defining the main exploration zone within the Oko Deformation Zone.

G2 has completed 46 drill holes at Oko-Aremu since November last year, outlining where mineralization within the trend starts and ends. It has defined an initial one-kilometre long strike length within the main zone.

The company’s hopes the drill program will expand the strike length of the main Oko Deformation Zone.

Notably, one drill hole returned 2.8 grams per tonne of gold over 2.7 metres at 136 metres down, and 8.1 grams per tonne gold over 0.5 metres at a depth of 166 metres. 

Another drill hole returned 2.2 grams per tonne gold over 25 metres from 16 metres down, and 10.6 grams per tonne over 4.8 metres from 170 metres down. 

CEO of G2 Goldfields , Dan Noone said the company was delighted with the results.

“As G2 continues to refine the geological model of the 15 km long Oko-Aremu District, we are coming to terms with the scale of the system we are exploring.

“Much work lies ahead to realize the full potential of this emerging high-grade gold district,” he said. 

Before the market opens, G2 Goldfields (GTWO) is trading at C$0.61 per share. 

More From The Market Herald

" Newcrest and Gunpoint (TSXV:GUN) sign option-and-earn-in agreement to acquire interest in Appaloosa Property

Gunpoint Exploration (GUN) has signed an option-and-earn-in agreement with Newcrest Resources to explore Gunpoint’s Appaloosa property in Nevada, USA.

" Discovery Silver (TSXV:DSV) sees expansion potential with final phase 2 drill holes at Cordero

Discovery Silver (DSV) released the results of the final 26 drill holes from the second phase of its drill program at Cordero.
Falcon Gold - CEO, Karim Rayani.

" Falcon Gold (TSXV:FG) completes airborne magnetic survey over Gaspard Gold Project

Falcon Gold (FG) has finalized an airborne magnetic survey over the Gaspard Gold Project in B.C.

" Hudson Resources (TSXV:HUD) announces shares for debt transactions

Hudson Resources (HUD) has agreed to issue 3,233,333 common shares at a price of C$0.05 per share in settlement of debts.