G2 Drills 24m @ 2 g/t Au in New Gold Discovery

Core Insights - G2 Goldfields Inc. has made a significant gold discovery at the OKO Project in Guyana, with an updated mineral resource estimate of 1.5 million ounces of gold (Indicated) and 1.6 million ounces of gold (Inferred) [1][11] - The exploration program covers 83,967 acres of exploration rights in Guyana, indicating a strong commitment to district-scale exploration [1] Exploration and Discovery - Stream sediment sampling in 2023 and 2024 revealed highly anomalous gold values, leading to follow-up soil sampling that outlined gold zones in a 1400m x 900m area [2] - An initial eight-hole diamond drilling program targeted mapped shear zones, with four out of five holes intercepting shallow gold mineralization over a 420m strike length [2][4] - All mineralized intercepts are located within 60m of the surface, and the mineralized zone remains open in all directions [4] Assay Results - Significant assay results from the drilling program include: - AMD-1: 11.9m at 2.2 g/t Au - AMD-2: 6.9m at 4.3 g/t Au - AMD-8: 24.0m at 2.0 g/t Au [3] Mineral Resource Estimate - The updated mineral resource estimate includes: - 808,000 oz. Au (Indicated) at 7.98 g/t Au - 1,024,500 oz. Au (Inferred) at 2.64 g/t Au - 663,400 oz. Au (Indicated) at 2.01 g/t Au [11][15] Financial and Corporate Developments - G2 Goldfields plans to spin out G3 Goldfields Inc. with an increased cash distribution of C$15 million to shareholders [6][16] - The company currently holds cash exceeding C$37 million, positioning it well for ongoing exploration efforts [12]