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Highlights
Gold mineralisation extended 200 meters down plunge with multiple significant intercepts, including 49.0m @ 1.3 g/t Au and 41.2m @ 1.7 g/t Au.
Infill drilling confirms high-grade near-surface mineralisation, including 49.5m @ 4.2 g/t Au and 7.5m @ 13.8 g/t Au.
Updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) expected in Q4 2025.
G2 Goldfields Inc. (TSX:GTWO) (OTCQX:GUYGF) has released new assay results from its ongoing drilling program at the New Oko Discovery in the greater OKO-Aremu district of Guyana. The company currently holds exploration rights to 83,967 acres in the district. The New Oko Discovery represents the third major gold discovery within G2’s holdings and lies approximately 10 kilometers north of its Oko-Ghanie Deposit, which contains 1.5 million ounces of indicated gold at 3.40 g/t and 1.6 million ounces inferred at 2.48 g/t.
This latest release includes results from 49 drill holes (AMD 51–99) out of a total of 108 holes completed to date, totaling 20,423 meters. The focus of the program remains on defining near-surface mineralisation suitable for open-pit mining while evaluating deeper, high-grade zones for potential underground operations.
Extension of Gold Mineralisation
Recent drilling has extended known mineralisation approximately 200 meters down plunge from previously reported holes, with vertical depths reaching up to 350 meters. Significant intercepts include:
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49.0m @ 1.3 g/t Au (AMD54A)
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52.0m @ 1.1 g/t Au (AMD56)
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46.5m @ 1.0 g/t Au (AMD58)
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41.2m @ 1.7 g/t Au (AMD94)
These results indicate continuity of gold mineralisation at depth, supporting the potential for a combination of open-pit and underground extraction strategies.
High-Grade Near-Surface Infill Results
Shallow infill drilling above 100 meters vertical depth has confirmed high-grade mineralisation near the surface, including:
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49.5m @ 4.2 g/t Au (AMD87)
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37.0m @ 3.2 g/t Au (AMD78)
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7.5m @ 13.8 g/t Au (AMD97)
These high-grade intervals are expected to contribute significantly to early-stage production and demonstrate the potential for a multi-open-pit operation in combination with underground mining.
Looking Ahead
G2 Goldfields anticipates releasing an updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) in Q4 2025. Executive Chairman Patrick Sheridan highlighted that the next three months will be critical as the company evaluates initial economic parameters for the Oko Main Zone, which currently contains 776,600 ounces of indicated gold at 8.85 g/t and 498,200 ounces inferred at 5.27 g/t. Drilling will continue across several promising targets to further expand the resource base and advance future development planning.
