G2 Drills 4 m @ 8.9 g/t Au at Oko; Trench Sampling returns 1.1 g/t Au over 95 m in New Zone to NW
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.TORONTO, Sept. 16, 2020 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) is pleased to announce further exploration results from the ongoing exploration campaign at the 19,200-acre Oko-Aremu property, Guyana. Highlights of the recently received results include:At the Oko Main Zone, diamond drill hole OKD-59 intersected 8.9 g/t Au over a 4-metre core length (estimated true horizontal width of 2.6 m).
Trenching 2 km WNW of Oko has intercepted broad zones of disseminated gold mineralization with trench OKTR-5 exposing 95 m @ 1.1 g/t Au.
Initial trenching at the “Tracy” area 10 km WNW of Oko has encountered significant mineralization with trench TTR2 intersecting 4.8 g/t Au over 16 m.Additionally, the Company announces the completion of construction of a new camp at Aremu as well as construction of over a dozen drill pads at the 4 km long Aremu Mine Zone. Initial diamond drilling targets include the historic Aremu, Donnicker, Scotland, Powerhouse, and Lunch veins [see technical report dated November 23, 2018, available on Sedar].Oko Area Diamond DrillingThe Company has completed 63 holes to date totalling 13,971 metres; drilling has outlined gold mineralization in excess of 1.2 kilometer strike length and to vertical depths of up to 350 m.G2 has received assays for five additional holes, with highlights of results compiled in Table 1. A table of drill hole collars and a summary of drilling results received to date is available at the following link https://g2goldfields.com/wp-content/uploads/2020/09/September16_OkoHighlightsDrillCollarData.pdf.Table 1Widths reported are drill indicated core length. True widths are estimated at 64% to 80% of core lengths for holes OKD-55 to OKD-59. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts. All holes are drilled at an angle of 60 degrees to the horizontal.Dan Noone, CEO, commented “it is great to see that OKD-59, targeting a 70 m gap in the Main Oko Zone drilling, intercepted the predicted grade and thickness, providing strong support that our model is predictive”. Additional geological modelling is currently being completed with additional drilling planned at Oko for Q4 and Q1 2021. Please see below Figure 1 Oko-Aremu Project Target Map, also available at the following link https://g2goldfields.com/wp-content/uploads/2020/09/September16_Figure1.pdf: