G2 Goldfields Drilling Extends strike length of OKO Zone to 1.1 km

G2 Goldfields Drilling Extends strike length of OKO Zone to 1

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.TORONTO, Jan. 14, 2020 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces additional drilling results from the OKO/AREMU project, region 7, Guyana.  Drilling has continued to focus on the OKO deformation zone (ODZ), where the Company announced the discovery of high-grade gold mineralization in a press release of November 19, 2019.link to press releaseDrill holes OKD – 1 through OKD – 9 outlined an initial strike length of approximately 700 metres as defined by hole OKD – 5 to the south (8.2 m @ 9.1 g/t Au) and OKD – 9 to the north (2.3 m @ 7.8 g/t Au).  Recent drilling has been able to extend the strike length of mineralization at the ODZ a further four hundred meters to 1.1 km. Drill holes OKD – 10 through 12 were successful in establishing additional mineralization to the north with holes OKD – 10 returning 19.5 m @ 2.0 g/t Au including 3.5m @ 6.7 g/t Au. Mineralization at the ODZ continues to remain open to the north and south. Results are tabulated below:Table 1.Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts.Reconnaissance holes were also drilled 100 m to the ESE of this new area with hole OKD – 14 returning 3 m @ 4.2 g/t Au.  Additionally, a single hole was drilled 350 m west of holes OKD – 10 through 12 which returned 3 m @ 5.0 g/t Au.  Collectively holes OKD – 10 through 15 explored an east west area approximately 600 m long forming a “T” above the ODZ.A plan view of all the drilling to date is available here.
Fig.1 ddh plan view
G2 also drilled in three holes OKD – 17 through 19 in the central part of ODZ.  Of particular note was hole OKD – 17 which returned 1.4 m @ 8 g/t Au as well as 4.1m @ 12.9 g/t Au.A complete list of new drill results is available here.
Table.2
DiscussionDrilling to date has outlined numerous high-grade gold intersections along the 1.1 km long ODZ.  The highest grades discovered to date lie within the area bounded by 704200 to 704600.  Highlights of high-grade holes drilled in 2019 in this area include:
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