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G2 Goldfields Inc T.GTWO

Alternate Symbol(s):  GUYGF

G2 Goldfields Inc. is a Canadian resource exploration company focused on the acquisition of multiple, but historically challenged, mineral exploration projects, each with the potential to identify and generate one or more significant gold projects for development. Its projects include Guiana Shield, Oko Aremu District and Puruni. The Guiana Shield contains the elements of orogenic gold, conglomerate-hosted gold, Transamazonian/Birimian green-stone terrane, making it favorable for exploration. The Oko-Aremu district and Puruni district properties contain two of the four past-producing historical mines in Guyana. The properties total approximately 37,068 acres and are in the Cuyuni-Mazaruni Region (Region 7) of north-central Guyana in the Guiana Shield. The Oko Project is divided into the Oko Main Zone in the north and the Ghanie Zone to the south. The Oko property is host to high grade orogenic gold mineralization within the Cuyuni Basin Sediments and the underlying Barama volcanics.


TSX:GTWO - Post by User

Post by Betteryear2on Dec 08, 2021 6:28am
244 Views
Post# 34209484

Drills Multiple High Grade Gold Intercepts at OKO

Drills Multiple High Grade Gold Intercepts at OKO

TORONTO, Dec. 08, 2021 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (“G2” or the “Company”) (TSXV: GTWO; OTCQX: GUYGF) announces diamond drilling has intersected visible gold in multiple holes at the Company’s 19,200-acre OKO project, Guyana. To date, the Company has completed 102 diamond drill holes totalling 25,111 metres and has two rigs turning 24/7.

Drilling has partially defined at least five parallel shear zones at the Oko Main Zone (OMZ), with gold mineralization encountered over a total strike length of approximately 900 metres and vertical depths of approximately 400 metres. Gold mineralization at OKO presents as visible gold within sheared quartz veins in carbonaceous sediments. The mineralized shears strike north-south, dip steeply to the east, and are continuous for hundreds of metres along strike, down dip, and down plunge. Visible gold is common at the OMZ with 64 of 102 holes logged to date containing coarse visible gold.


https://www.globenewswire.com/news-release/2021/12/08/2348094/0/en/G2-Gold-Drills-Multiple-High-Grade-Gold-Intercepts-at-OKO.html

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