G2 Goldfields Drills High Grade Intercepts at Oko

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TORONTO, April 15, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces drill results from the ongoing drilling program at the Oko – Aremu project, Guyana.  The 19,200-acre project contains multiple areas of mineralization, the most prominent of which include the Aremu Mine Zone (AMZ) and Oko Deformation Zone (ODZ).  G2 has completed 37 holes in the ODZ of which 9 are reported in this release.  Drill highlights from current drilling in the ODZ include:

• 116.6 g/t Au over 2.4 meters (OKD-24) – this hole is the most southerly drill hole to date for which assays are currently available and represents one of the highest-grade intersections to date at the Oko project.
   
• 19.5 g/t Au over 4.0 meters (OKD-27) – the hole was designed to expand on the shallow high-grade gold mineralization in previously reported hole OKD-17 (1.4 m @ 8 g/t Au & 4.1 m @ 12.9g/t Au).
   
• 7.2 g/t Au over 11.7 meters (OKD-20) – diamond drill hole OKD-20 targeted shallow high-grade mineralization intersected in previously reported hole OKD-1 (5.2 g/t Au over 27 m).
   
• 30.8 g/t Au over 2.2 meters (OKD-28) – this hole represents the deepest hole drilled to date for which assays are available; hole OKD-28 intersected high-grade gold mineralization at vertical depths of approximately 130 meters.

Mineralized intervals reported in new holes in this release represent approximately 75% to 80% true widths. A complete table of results is available at the following link https://www.g2goldfields.com/wp-content/uploads/2020/04/Table1.pdf.

A plan view of the drilling to date is available below as Figure 1 or is also available at the following link https://www.g2goldfields.com/wp-content/uploads/2020/04/Figure1.pdf.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

The ODZ area is characterized by multiple open-pits and shafts along a prominent 2-kilometer-long north-south trending deformation zone.  Drilling has encountered gold mineralization in every hole, with apparent continuity of high-grade gold mineralization on both the vertical and horizontal planes.

Dan Noone, CEO of the Company, stated “I am delighted that this phase of the drilling has confirmed the consistency and predictability of the high-grade gold mineralization along strike and down dip. Every hole has hit this relatively linear zone of mineralization within meters of where our model predicted. We consistently log visible gold within the silica flooding along the Carbonaceous Shale and Sandstone contact. Parallel zones intersected to the east and west of the target zone provide further targets for follow up. To the south, the mineralization is open and 3 shafts and multiple open pits trace the mineralization for a further kilometer. To the northwest, a gold in soil anomaly extends for several kilometers. We believe we have only just started to test the extent of this high-grade gold discovery”.