G2 Goldfields Announces Significant Increase in Mineral Resource Estimate at Oko Project, Guyana
Toronto, March 10, 2025 – G2 Goldfields Inc. (G2 or the Company), a leading gold exploration and development company, is thrilled to share the results of an updated Mineral Resource Estimate (MRE) for its 83,967-acre Oko Project in Guyana. The new estimate, which includes all drilling data obtained up to the end of January 2025, represents a substantial increase from the previous estimate announced on April 3, 2024.
Prominent North-South Structure: Oko Main Zone and Ghanie Gold Zone
The majority of the gold mineralization at the Oko Project lies along a prominent 2.5 km long north-south structure. This structure is comprised of two distinct zones: the high-grade Oko Main Zone (OMZ) to the north and a bulk mineable, disseminated resource to the south, known as the Ghanie Gold Zone (Ghanie).
High-Grade Oko Main Zone
The OMZ is a high-grade, epithermal gold system with significant potential for further growth. The zone’s mineralization remains open along strike and at depth. The updated MRE for the OMZ includes an indicated resource of 2.2 million ounces of gold (Moz) and an inferred resource of 2.8 Moz. These resources represent a 54% increase in indicated resources and a 64% increase in inferred resources compared to the previous estimate.
Bulk Mineable, Disseminated Resource: Ghanie Gold Zone
The Ghanie Gold Zone is a bulk mineable, disseminated gold resource. This zone offers the potential for open-pit mining and has the potential to provide a substantial contribution to the overall project economics. The updated MRE for the Ghanie Gold Zone includes an indicated resource of 3.3 Moz and an inferred resource of 3.4 Moz. These resources represent a 14% increase in indicated resources and a 1% increase in inferred resources compared to the previous estimate.
Impact on G2 Goldfields and the Global Gold Industry
The updated MRE at the Oko Project is a significant milestone for G2 Goldfields. This increase in resources will strengthen the Company’s position as a leading gold exploration and development company. It also highlights the potential for continued growth at the Oko Project, which could lead to increased production, revenue, and shareholder value.
On a broader scale, this announcement is an exciting development for the global gold industry. Guyana is quickly becoming a focal point for gold exploration and development, and the Oko Project is a testament to the country’s rich gold potential. This update underscores the importance of continued investment in the mining sector and the potential for significant discoveries in emerging mining jurisdictions.
Conclusion
G2 Goldfields’ updated Mineral Resource Estimate for its Oko Project in Guyana represents a substantial increase in gold resources. With the majority of the mineralization occurring along a prominent north-south structure, the Oko Project offers significant potential for further growth. This update strengthens G2 Goldfields’ position as a leading gold exploration and development company and highlights the potential for continued discoveries in the mining industry, particularly in emerging jurisdictions like Guyana.
- G2 Goldfields announces updated Mineral Resource Estimate (MRE) for its Oko Project in Guyana
- Resource increase due to all drilling data obtained up to January 2025
- High-grade Oko Main Zone (OMZ) and bulk mineable, disseminated Ghanie Gold Zone (Ghanie)
- Significant increase in resources for both OMZ and Ghanie
- Strengthens G2 Goldfields’ position as a leading gold exploration and development company
- Highlights the potential for continued discoveries in the mining industry, particularly in emerging jurisdictions
