Canadian firm bullish on Guyana’s Yono gold project

Oct 10, 2025 News

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…amid nearly 9M ounces in neighbouring mines

(Kaieteur News) – Canadian mining company Tajiri Resources Corp. is brimming with optimism over its Yono Gold Project in Region Seven (Cuyuni-Mazaruni), Guyana, following promising early exploration results. The project sits adjacent to gold-rich properties containing nearly nine million ounces of gold, including G2 Goldfields’ Oko Main Zone and Ghanie deposits and G Mining Ventures’ Oko West deposit.

On Tuesday, the company announced the first results from auger sampling at the majority-owned Yono Gold Project.

According to Tajiri, results from approximately 60 percent of auger sampling have been received, indicating widespread gold anomalism across the entire property. The company said Yono’s gold anomalies compare favourably in scale with those overlying GMIN’s Oko West project.

The largest indicated gold anomaly, the 1.5 km-long “ridgeline” anomaly runs diagonally through the entire Yono property.

Company Chairman Dominic O’Sullivan said, “Today is very exciting for the Company and our supporters. For me the big take home is revealed…where Yono can be seen to lie unequivocally within the same domain of gold enrichment, that hosts nearly 9 million ounces along Yono’s eastern flank.”

O’Sullivan added, “Considering all the facts: Widespread gold anomalism, multiple zones of higher gold anomalism approaching 5 km in strike, a good smattering of high-grade results coughing out of a regolith where strong leaching of surface gold is expected; Yono’s potential to host the next discovery in the developing Tier 1 Yono-Oko gold district, should not be underestimated.”

The Yono Property consists of one Mining Permit covering 122 hectares (301 acres).  In its NI 43-101 Technical Report released earlier this year, Tajiri noted that Guyana is home to two international airports and several smaller airstrips. The company said access to Yono can be achieved via multiple routes using a combination of air, road, and boat with travel times ranging between four and 12 hours.

Within a two-kilometre radius of Yono, there are three known deposits with Mineral Resource Estimates (MRE), G2’s Oko Main Zone and Ghanie to the north and east, and GMIN’s Oko West to the south.

G Mining Ventures (GMIN) – Oko West Gold Project

G Mining Ventures (GMIN) is the 100 percent owner of the Oko West Gold Mine which is estimated to hold 5.4 million ounces of gold located in Region Seven (Cuyuni-Mazaruni).

Earlier this year, GMIN received an interim permit which allowed it to start early construction. The main prospecting licence (PL) covering 44 square kilometers (10,890 acres). However, GMIN later revealed that it expanded its land holdings in Region Seven to 71 square kilometers.

Last month, GMIN received the environmental permit from Guyana’s Environmental Protection Agency (EPA) for the Oko West project. The five-year permit is valid through July 2030. It authorises the construction and operation of Oko West, which is expected to create an average of 1,270 direct permanent jobs during its lifetime. The feasibility study for Oko West outlines a long-life, low cost, and high-margin operation. The company had said that the Oko West project is targeting an average annual production of 350,000 ounces of gold over a 12.3-year mine life. Gold production at Oko West is slated to commence by 2027.

GMIN’s President and Chief Executive Officer (CEO), Louis-Pierre Gignac last year said that if gold prices remain high when production commences at Oko West, Guyana could receive corporate taxes. Gignac said that unlike his father’s previous involvement with Omai’s gold project, where the company did not pay corporate taxes to Guyana due to low prices at the time, he is confident that Oko West will benefit from the current high gold prices. As such, he had expressed optimism about paying corporate taxes to the government, contingent on gold prices remaining high.

G2 Goldfields Inc. – Oko Project

In August, G2 Goldfields announced that the Ministry of Natural Resources and Guyana Geology and Mines Commission approved the issuance of two large-scale Prospecting Licences (PL).

G2 PL’s includes the company’s high-grade Oko-Ghanie Gold Deposit. The PL encompass the Oko and Ghanie Deposits, 1.5 million ounces indicated and 1.6 million ounces inferred, with a combined area of approximately 17,451 acres and replace 11 separate medium-scale mining permits previously held in the name of Guyanese entrepreneurs through option agreements.

Notably, the PL have a three-year term with two renewal rights for one year each and provides for the right of occupation and exclusive right to explore for gold and precious minerals. G2 noted that over the last two years, comprehensive environmental baseline studies have been conducted via third party consultants. The company noted that these studies were designed to recommend actions for effective project design, regulatory compliance and to support the preparation of an Environmental Social Impact Assessment (ESIA).

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. Located within an 83,967-acre property, the Oko Project consists of three main mineralised 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.

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• G Mining Ventures, G2 Goldfields, Guyana Yono gold project, Oko West Gold Project

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