G2 Goldfields Inc. [GTWO-TSXV; GUYGF-OTCQX] continues to expand and define high grade gold mineralization at the 100%-optioned 19,200-acre Oko project, Guyana. The project is approximately 120 km west-southwest of Guyana’s capital city, Georgetown, 60 km west of the town of Bartica and directly north of RTeunion Gold’s Oko West project. The company has completed 131 diamond drill holes to date of which a further eight holes are reported here.
Drilling is focusing on expanding and further defining the company’s initial resource estimate of 974,000 oz (at 9.25 g/t gold) inferred and 220,000 oz (at 8.63 g/t gold) indicated. G2 Goldfields intends to release an updated resource estimate in Q1 2023.
Highlights of the current drill results include Hole OKD-120 that returned 9.5 g/t gold over7.8 metres from 174.2 metres. Hole OKD-121 returned 12.7 g/t gold over 6.0 metres from 305.8 metres; 58.0 g/t gold over3.7 metres from 467.1 metres. Hole OKD-123 returned 7.0 g/t gold over 9.6 metres from 317.5 metres.
A complete list of assay results from the current drilling is available. Reported intercepts vary between 72% and 87% of the true widths of mineralization.
DDH OKD-120 returned 9.5 g/t gold over 7.8 metres. This intercept pierced the northern part of Shear Zone 3 and adds confidence to the high-grade nature of this zone.
DDH OKD-121 returned 12.7 g/t gold over 6 metres and 58 g/t gold over 3.7 metres. The upper section of this hole provides further evidence of the high-grade shoots within Shear 3. The lower intercept is 397 metres below surface and is the deepest intercept in Shear 5 to date, extending mineralization a further 87 metres down dip from previously reported OKD-115 (37.2 g/t gold over 4.2 metres). Shear Zone 5 currently has inferred resources of 511,000 oz at 11.55 g/t gold.
DDH OKD-123 returned 7 g/t gold over 9.6 metres. The intercept confirms the continuity of mineralization below the -180m RL in Shear 3 which remains open to depth.
The Oko Main Zone discovery is the initial fruit of the application of this extensive in-country experience. Ongoing exploration within the 17-km long Aremu-Oko trend has generated multiple drill targets, similar in geological setting and scale to Oko Main. The Aremu-Oko district has been a prolific alluvial goldfield since the rush of the 1870’s.