G2 Goldfields reports promising results at new gold zone in Guyana

Jun 11, 2025 News

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Kaieteur News – Canadian exploration company G2 Goldfields Inc. has announced positive new drilling results from its ongoing exploration program in the Oko-Aremu district, Guyana.

Located within an 83,967-acre property, the Oko Project consists of three main mineralized zones: the high-grade Oko Main Zone (OMZ) in the north, the bulk-tonnage Ghanie Zone in the south, and the more recently identified Oko Northwest Zone.

In a statement on Monday, the company disclosed that the new results forms part of an ongoing program at the newly identified New Oko discovery area, which is its third significant gold discovery. The results revealed promising gold intercepts of high grade.  The company said that multiple gold targets have been outlined, north of the existing resources. Notably, G2 has four active drill rigs.

The company disclosed that the New Oko discovery now stretches 630 metres along strike and remains open in all directions, suggesting the potential for further expansion. Drilling so far in the new zone has totaled 47 holes covering 6,439 metres, with results from 10 recent holes released. G2 Goldfields says deeper drilling has encountered significant sulphide mineralization, but assays for those deeper holes are still pending.

G2’s Vice President of Exploration Boaz Wade stated “The latest results confirm the continuity of gold mineralization down-dip of the host structure, and along strike to the northeast. Within the consistent broad intercepts along the shear, coherent zones of higher-grade begin to indicate the potential of plunging mineralized shoots that are still open at depth. Extensions of these higher-grade zones at depth and shallow strike extensions to the southwest will be the focus of the next phase of drilling, as we continue to expand this new, exciting discovery.”

In addition to ongoing work in the New Oko zone, G2 is preparing to launch maiden drilling at the newly identified RE Zone, located 4 kilometres north of the current site.  G2 said it has mobilized equipment and personnel to drill a significant new gold-in-soil anomaly. The initial eight-hole program in this new area, the ‘RE Zone’, will commence shortly and assay results from this program can be expected in mid-July.

Patrick Sheridan, Executive Chairman, added, “The extraordinary successes of one of the best exploration teams in the business continues. We are still in the early stages of exploring this emerging gold district and I am entirely confident in our abilities to meaningfully grow the Company’s global gold resources. G2 has first mover advantage in this new mining camp, and thus maintains a very dominant land position with multiple high value targets remaining untested by drilling. The G2 team…will continue to deliver for shareholders and for the people of Guyana. I am convinced there will ultimately be multiple mines in this district.”

G2 currently holds exploration rights to 83,967 acres in the OKO-AREMU district where it has already established significant gold resources. Last month, the company announced a significant increase in gold resources at its flagship Oko Project in Guyana since its last Mineral Resource Estimate (MRE). Effective March 1, 2025, G2 disclosed that there was a 60% increase in indicated gold resources, bringing its estimated recoverable gold to 1.5 million ounces, and a 49% increase in inferred resources to 1.6 million ounces.

The majority of the indicated resources stem from the OMZ, which includes near-surface, high-grade mineralization with standout zones. These zones contain 609,000 ounces of gold at an average grade of 10.25 grams per tonne (g/t) gold, extending from just 5 to 370 metres below surface.

The OMZ alone now hosts 808,000 ounces in the indicated category at a grade of 7.98 g/t, and 513,500 ounces inferred at 4.60 g/t, placing it among the highest-grade gold deposits globally at shallow depth.

The Ghanie Zone has also seen growth, with indicated resources reaching 663,400 ounces at 2.01 g/t gold, and inferred resources rising to over one million ounces at 2.64 g/t. This zone is considered highly prospective for large-scale open-pit development, given the consistency and scale of mineralization.

Meanwhile, the Oko Northwest Zone, though less advanced, has added 97,200 ounces of inferred resources at a grade of 0.61 g/t gold, highlighting further upside in the broader district.

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• Canadian exploration company, G2 Goldfields Inc., Goldmines, Guyana Gold, Oko discovery

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