G2 Goldfields Inc. [GTWO-TSXV] announces further high-grade intercepts from the Oko-Aremu project, Guyana. The 19,200-acre property contains multiple areas of mineralization, the most prominent of which include the Aremu Mine Zone (AMZ) and the Oko Deformation Zone (ODZ).
Hole OKD – 29 is the deepest hole drilled to date in the ODZ and has encountered multiple zones of high-grade gold mineralization. OKD – 29 was designed to explore beneath previously reported holes OKD – 3 (12m @ 13.8 g/t Au), OKD – 7 (1.7m @ 30.8 g/t Au and 2.7m @ 15.8 g/t Au), OKD – 22 (2.5 m @ 11.8 g/t Au and 1.0 m @ 24 g/t Au) and OKD – 23 (2.8 m @ 14.8 g/t Au). OKD – 29 intercepted two significant zones of high-grade mineralization.
- 49.0 g/t Au over 2.7 metres (205 – 207.7)
- 11.5 g/t Au over 3.2 metres (266.5 – 269.7)
A plan view map and cross section of hole OKD – 29 are displayed below as Figure 1 and 2 respectively and are also available at the following link https://g2goldfields.com/wp-content/uploads/2020/04/Figure1Figure2.pdf. (Reported widths are down hole widths and G2 estimates the true horizontal width of gold mineralization in hole OKD – 29 to be 75 – 80 % of the reported width).
“We are highly encouraged as drilling continues to establish multiple zones of high-grade gold mineralization at OKO. G2 will continue to aggressively explore OKO along strike and to depth,” stated Patrick Sheridan, G2 Chairman.
To date, G2 has completed 41 holes totalling 7,533 metres and is currently drilling historical gold workings south of the OKO discovery zone. A table of drill collar locations and information is available at https://g2goldfields.com/wp-content/uploads/2020/04/DrillTable.pdf.
Drill core is logged and sampled in a secure core storage facility located on the Oko project site, Guyana. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to MSALABS Guyana, in Georgetown, Guyana, which is an accredited mineral analysis laboratory, for analysis. Samples from sections of core with obvious gold mineralization are analyzed for total gold using an industry standard 500g metallic screen fire assay (MSALABS method MSC 550). All other samples are analysed for gold using standard Fire Assay-AA with atomic absorption finish (MSALABS method; FAS-121). Samples returning over 10.0 g/t gold are analyzed utilizing standard fire assay gravimetric methods (MSALABS method; FAS-425). Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of G2 Goldfield’s quality control/quality assurance program (QAQC). No QA/QC issues were noted with the results reported herein.
About G2 Goldfields Inc.
G2 Goldfields Inc. is focused on the discovery of large gold deposits in the Guiana Shield. The Company owns a 100% interest in two past gold producing mines, as well as a regional portfolio of highly prospective projects.
All scientific and technical information in this press release has been prepared under the supervision of Dan Noone (CEO of G2 Goldfields Inc.), a “qualified person” within the meaning of National Instrument 43-101. Mr. Noone (B.Sc. Geology, MBA) is a member of the Australian Institute of Geoscientists.
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Forward Looking Statements
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