Drilling Of New Gold Discovery At OKO Project

TORONTO - G2 Goldfields Inc. reported that its exploration teams have made a significant gold discovery several miles north of G2’s existing gold resource at the OKO Project, Guyana. Previously, G2 announced an updated mineral resource estimate (MRE) of 1.5 million ounces of gold (Indicated) and 1.6 million ounces of gold (Inferred) at the OKO Project. G2 is currently executing on district scale exploration programs across its exploration portfolio in Guyana currently comprised of 83,967 acres of exploration rights.

Stream sediment sampling conducted by G2 in the discovery area in 2023 and 2024 returned highly anomalous values. Follow up soil sampling campaigns outlined a series of anomalous gold zones in a 1400m x 900m area. The initial eight-hole diamond drilling program focused on mapped parallel shear zones associated with the more southerly anomalous areas. Significantly, four of five diamond drill holes targeting the most prominent shear intercepted shallow gold mineralization along a 420m strike length.

Patrick Sheridan, Executive Chairman, said, “This new discovery is a testament to the very high quality of our exploration portfolio and the exceptional talents of our exploration team led by Dan Noone (CEO) and Boaz Wade (VP Exploration). This is a brand-new discovery from ‘first principles’ and we look forward to additional exploration success from our team, partners, and portfolio of properties.”