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Gold

G2 Goldfields Inc. Acquires Exploration Rights to Prospective Properties in Guyana

Strategic Insights

— 2 min read

G2 Goldfields Inc. has made significant strides in its exploration efforts in the Aremu-Oko district of Guyana. The company has entered into agreements with a prominent Guyanese mining family to acquire exploration rights to a 30,000-acre package of highly prospective properties. This acquisition further consolidates G2's dominant land position in the district, with the company now holding exploration rights to an area totaling 60,000 acres.

This alliance is a significant milestone for G2, as it builds upon the company's existing exploration success in the district. The Oko gold district has emerged as one of the most significant in Guyana, with combined resources of 7.8 million ounces of gold. The current estimated gold resource for G2's OKO-AREMU project is 922,000 ounces of gold (indicated) and 1,099,000 ounces of gold (inferred). G2 currently has five drills operating within the district, and the company intends to file an updated Mineral Resource Estimate (MRE) for OKO-AREMU deposits in Q1 2025.

The new properties comprise three sets of contiguous permits that host multiple historical gold occurrences along a 34 km long mineralized contact. The property package also encompasses the first hard rock gold mine in Guyana, Wariri, initially discovered in the 1870s, alongside kilometers of artisanal workings. The lands have never been drilled nor subjected to modern exploration methods.

Key Takeaways:

  • G2 Goldfields Inc. has acquired exploration rights to a 30,000-acre package of highly prospective properties in the Aremu-Oko district of Guyana.
  • The acquisition further consolidates G2's dominant land position in the district, with the company now holding exploration rights to an area totaling 60,000 acres.
  • G2's current estimated gold resource for the OKO-AREMU project is 922,000 ounces of gold (indicated) and 1,099,000 ounces of gold (inferred).
  • Five drills are currently operating within the district, with plans to file an updated Mineral Resource Estimate (MRE) in Q1 2025.
  • The new properties host multiple historical gold occurrences along a 34 km long mineralized contact and encompass the first hard rock gold mine in Guyana, Wariri.

Statistics:

  • The Oko gold district has combined resources of 7.8 million ounces of gold.
  • G2's current estimated gold resource for the OKO-AREMU project is 922,000 ounces (indicated) and 1,099,000 ounces (inferred).
  • The new properties are comprised of three sets of contiguous permits, totaling 30,000 acres.
  • G2 currently has five drills operating within the district.

Sources:

  • TSX: GTWO
  • OTCQX: GUYGF
  • NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold Property in the Co-operative Republic of Guyana, South America dated June 20, 2024, with an effective date of March 27, 2024
  • Reunion Gold's NI 43-101 Technical Report, Oko West Gold Project, Cuyuni-Mazaruni Mining Districts, Guyana dated April 11, 2024, with an effective date of February 26, 2024

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