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G2 Goldfields (TSXV:GTWO) reports multiple high-grade intersections
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  • G2 Goldfields (GTWO) is reporting multiple high-grade intersections at the company's Oko Project
  • The additional assay results are from the company’s ongoing drilling program at the project located in Guyana
  • The company believes the diamond drill results demonstrate the considerable exploration potential of the Oko project
  • The company is also reporting a new area for future drilling
  • G2 Goldfields is up 11.11 per cent, trading at $0.60 at 11:17 am ET

G2 Goldfields (GTWO) is reporting multiple high-grade intersections at the company's Oko Project.

The additional assay results are from the company’s ongoing drilling program at the project located in Guyana.

High-grade gold mineralization at Oko presents as visible gold within sheared quartz veins in carbonaceous sediments.

G2 has completed 86 diamond drill holes at Oko totalling 20,362 metres. Assay results for holes 70 to 75 have just been reported.

The Toronto-based exploration company believes the diamond drill results demonstrate the considerable exploration potential of the Oko project.

"These latest holes demonstrate the exceptional prospectivity of our Oko project, as we continue to intersect high-grade gold with considerable frequency. These are some of our best holes to date which reflect our growing knowledge of the area," said G2 CEO Dan Noone.

The company is also reporting a new area for future drilling, which includes a Quartz vein containing visible gold exposed in Carbonaceous sediments, similar to Oko, two high-grade grab samples of quartz vein floats and an early-stage prospect that has excellent growth potential.

"The Oko East prospect is a new discovery which is located 500 metres east of the Oko Main target. Exposures of quartz boulder float and an outcropping quartz vein, hosting visible gold mineralization were observed in carbonaceous sediments similar to the Oko Main area. Two grab samples on cobble-sized floats of the quartz vein returned 31.4 g/t Au and 9.4 g/t Au close to an area with extensive artisanal workings. We believe that Oko East is an early-stage target which has excellent upside potential for the discovery of additional economic mineralization in the Oko district," said G2 Goldfields Exploration Manager Boaz Wade.

G2 Goldfields is focused on the discovery of large gold deposits in the Guiana Shield.  The company owns a 100-per-cent interest in two past gold-producing mines, as well as a regional portfolio of highly prospective projects.

G2 Goldfields is up 11.11 per cent, trading at $0.60 at 11:17 am ET.

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