G2 Goldfields Inc. Announces New Assay Results from its Ongoing Drilling Program in the OKO-AREMU District, Guyana

Published: 2025-07-15 08:37:02 ET GTWO.TO

Published on 07/15/2025 at 08:37

G2 Goldfields Inc. announced new assay results from the Company's ongoing drilling program in the OKO-AREMU district, Guyana. G2 currently holds exploration rights to 83,967 acres in the district and the New Oko Discovery Area represents the third significant gold discovery on the Company's holdings. Drill results within this release are part of an ongoing program from a new discovery initially announced in March which lies 10km north of its existing gold resources at the Oko-Ghanie Deposit (1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au).

G2 has completed 69 diamond drill holes totaling 13,239m in the New Oko Discovery Area, where 56 of these holes targeted the 'Main Shear'. This release provides assay results for 25 drill holes (AMD26 to AMD50 inclusive) totaling 4,113m, of which, 17 holes targeted the Main Shear Zone. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts.

Drilling is primarily focused on exploring for gold mineralisation down-plunge of previously reported near surface gold intercepts. New drill holes in the north-eastern portion of the New OKO Discovery returned significant intercepts of low-grade mineralisation similar in tenor to up-plunge intersections. Scout drilling at mapped parallel shear structures had limited success, with hole AMD31 returning 1.1 g/t Au over 7.5m and hole AMD40 intersecting 1.4 g/t Au over 4.5m as well as 3.8 g/t Au over 1.5m.

These intersections are approximately 500m north of the New OKO Discovery and require further work.