- Goldfields (GTWO) has dropped almost 10 per cent following the release of its latest drill results from the Oko-Aremu property in Guyana
- The latest drill hole at the Oko mine hit 6.7 metres at 10.5 grams per tonne, 3.2 metres at 8.4 grams per tonne and 10.1 metres at 2.1 grams per tonne
- This has expanded mineralization down 95 metres to a vertical depth of 210 metres
- The company is now expanding drilling away from the Oko mine towards the Aremu mine, where the next phase of exploration will occur
- G2 Goldfields (GTWO) is down 9.7 per cent and is trading at C$0.84 per share G2
Goldfields (GTWO) has dropped almost 10 per cent following the release of its latest drill results from the Oko-Aremu property in Guyana.
The company in the middle of an extensive drilling program on the property, thus far totalling 63 diamond drill holes for just under 14,000 metres of exploration.
Thus far the drilling work has centred on the Oko main zone, where the company’s best results have been recorded.
One of the latest drills on the main zone intercepted three separate mineralised structures. The assays from these structures included 6.7 metres at 10.5 grams per tonne gold, 3.2 metres at 8.4 grams per tonne gold and 10.1 metres at 2.1 grams per tonne gold.
These results have extended the high-grade gold mineralization in the Oko main zone to a depth of 210 metres down, 95 metres down from the previous deepest gold intercept.
G2 has only completed drilling work on fraction of the property, with the 14 kilometres of work only the beginning of the planned work,
The company hopes to follow-up the work by focusing on the Aremu zone, a four-kilometre long strike, which the company has yet to explore. Plans for the Aremu zone are being completed now, and drills are currently being mobilising.
The company has also begun trenching at the site’s Tracy target zone, a gold in soil anomaly located between the Oko and Aremu zones.
Despite the results, the company has dropped almost 10 per cent since trading opened, suggesting investors are not responding favourably to the program’s findings.
G2 Goldfields (GTWO) is down 9.7 per cent and is trading at C$0.84 per share at 11:00 am EDT.