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G2 Goldfields Achieves Significantly Higher Gold Ounces in Updated Mineral Resource Estimate at Oko Project, Guyana

kent-jackson by kent-jackson
April 3, 2024
in News
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G2 Goldfields Achieves Significantly Higher Gold Ounces in Updated Mineral Resource Estimate at Oko Project, Guyana
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**G2 Goldfields Inc. Announces Updated Mineral Resource Estimate**

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G2 Goldfields Inc. has recently announced an updated Mineral Resource Estimate within the Company’s OKO project in Guyana. The updated estimate includes a high-grade resource for the Oko Main Zone (OMZ) and a disseminated bulk mineable resource for the Ghanie Zone, resulting in a 69% increase in total contained gold to 2.0 million ounces. The total indicated gold also increased by 320% to 922,000 ounces.

**Insight: Exploration Update**

The Company’s geological model is continuously evolving and leading to regular discoveries along the 20-kilometer Oko-Aremu trend. The recent discovery at NW OKO and the upcoming drilling at Tracy and Aremu signify the Company’s commitment to exploring near-surface mineralization to complement the expansion of the OMZ and Ghanie resources.

**Ghanie Zone Maiden MRE**

The Maiden Mineral Resource Estimate at Ghanie highlights the district-scale nature of the OKO gold system, with the Ghanie Zone presenting a complementary bulk mineable deposit to the high-grade underground deposit at the OMZ. The recent discoveries at Ghanie South, Central, and North, along with the high-grade intercepts, suggest significant potential for further zones along the 1.75-kilometer strike.

**OMZ Updated MRE**

Significant progress has been made in defining the Oko Main Zone (OMZ) since April 2022, with additional Indicated resources confirmed. The OMZ’s characterized shear vein mineralization with high-grade averages, like the Shear 5 Indicated Underground Resource averaging 15.78 g/t Au. The minimum mining width at the OMZ has been established at 2 meters.

**Insight: Technical Report and Qualified Person**

With the intention to file a technical report to support the updated MRE on sedarplus.ca, G2 Goldfields Inc. ensures that all scientific and technical information complies with National Instrument 43-101. The qualified persons overseeing the Mineral Resource Estimate are proficient geologists and mining consultants with extensive experience in resource estimation.

**Conclusion**

G2 Goldfields Inc.’s recent updated Mineral Resource Estimate showcases significant growth in total gold contained, reflecting the company’s commitment to exploratory efforts in the Oko project. With ongoing exploration and resource expansion plans, G2 Goldfields Inc. aims to further enhance its position in the region.

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