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- New High-Grade Zone Emerging East of Ghanie Main Zone.<\/strong><\/li>\n
- Ghanie Main deposit continues to grow <\/strong>along strike and is open <\/strong>to depth. <\/strong><\/li>\n
- OMZ Shear 3 southern extensions intercepted with multiple visible gold showings.<\/strong><\/li>\n<\/ul>\n
TORONTO, Oct. 15, 2024 (GLOBE NEWSWIRE) — G2 Goldfields Inc.<\/strong> (\u201cG2<\/strong>\u201d or the \u201cCompany<\/strong>\u201d) (TSX: GTWO; OTCQX: GUYGF) is pleased to provide an update on its ongoing exploration program at the Company\u2019s 58,000-acre OKO-Aremu gold project, Guyana. G2 currently has five rigs operating at the project, building on the Company\u2019s current mineral resource which is comprised of 922,000 ounces of gold<\/strong> (Indicated<\/em>) and 1,099,000 ounces<\/strong> (Inferred<\/em>) [see press release dated April 03, 2024<\/em>]. G2 continues to expand and define existing gold zones whilst discovering new high grade parallel zones of gold mineralization. The Company intends to issue an updated resource estimate for the OKO project in Q1 of 2025.<\/p>\n
G2\u2019s OKO gold resource lies along a prominent 2.5-kilometre-long north-south structure which is defined by the high grade OMZ resource to the north [688,000 ounces of gold @ 9.03 g\/t Au<\/strong>\u00a0(Indicated) and\u00a0495,000 ounces of gold at 6.38 g\/t Au<\/strong>\u00a0(Inferred)] and the Ghanie open pit and underground resource to the south [236,000 ounces of gold @ 2.20 g\/t Au<\/strong> (Indicated) and 604,000 ounces of gold @ 1.54 g\/t Au <\/strong>(Inferred)]. G2 is currently drilling in the Ghanie Zone, the southern half of the structure. This drilling is targeting:<\/p>\n
(i)\u00a0 \u00a0expansion of near surface-open-pittable deposits along strike,
(ii)\u00a0 expansion of existing pittable mineralization to depths greater than -350m,
(iii) extensions of high-grade Ghanie mineralization at depth,
(iv) possible parallel zones of mineralization to the east of the main Ghanie Zone, and
(v)\u00a0 extensions to shear hosted high grade gold associated with the OKO Main Zone (OMZ).<\/p>\n - Ghanie Main deposit continues to grow <\/strong>along strike and is open <\/strong>to depth. <\/strong><\/li>\n
![\"G2_PlanView_Oct2024\"](\"https:\/\/ml.globenewswire.com\/Resource\/Download\/04b51aac-19fc-4ee3-87cc-02457764aab6\/g2-planview-oct2024-fin.jpg\")
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