G2 drills 49 g/t Au over 2.7 m and 11.5 g/t Au over 3.2 m in deepest hole to date at OKO

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TORONTO, April 23, 2020 (GLOBE NEWSWIRE) -- G2 Goldfields Inc. (TSXV: GTWO) (the “Company” or “G2”) announces further high-grade intercepts from the Oko-Aremu project, Guyana. The 19,200-acre property contains multiple areas of mineralization, the most prominent of which include the Aremu Mine Zone (AMZ) and the Oko Deformation Zone (ODZ). 

Hole OKD – 29 is the deepest hole drilled to date in the ODZ and has encountered multiple zones of high-grade gold mineralization. OKD – 29 was designed to explore beneath previously reported holes  OKD – 3 (12m @ 13.8 g/t Au), OKD – 7 (1.7m @ 30.8 g/t Au and 2.7m @ 15.8 g/t Au), OKD – 22 (2.5 m @ 11.8 g/t Au and 1.0 m @ 24 g/t Au) and OKD – 23 (2.8 m @ 14.8 g/t Au). OKD - 29 intercepted two significant zones of high-grade mineralization.

• 49.0 g/t Au over 2.7 metres (205 – 207.7)

and

• 11.5 g/t Au over 3.2 metres (266.5 – 269.7)

A plan view map and cross section of hole OKD – 29 are displayed below as Figure 1 and 2 respectively and are also available at the following link https://g2goldfields.com/wp-content/uploads/2020/04/Figure1Figure2.pdf.  (Reported widths are down hole widths and G2 estimates the true horizontal width of gold mineralization in hole OKD – 29 to be 75 – 80 % of the reported width).

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

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

Dan Noone, CEO states, “Hole OKD – 29 is exciting as it is our deepest hole to date and displays the down dip continuity of the high grade as predicted in our model and also supports the presence of a parallel western zone of similar thickness and high grade.”

A plan view map of interpreted mineralized zones is displayed as Figure 3 below or available at https://g2goldfields.com/wp-content/uploads/2020/04/Figure3.pdf.

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

“We are highly encouraged as drilling continues to establish multiple zones of high-grade gold mineralization at OKO. G2 will continue to aggressively explore OKO along strike and to depth,” stated Patrick Sheridan, G2 Chairman.

To date, G2 has completed 41 holes totalling 7,533 metres and is currently drilling historical gold workings south of the OKO discovery zone. A table of drill collar locations and information is available at https://g2goldfields.com/wp-content/uploads/2020/04/DrillTable.pdf.