Figure 1. Source: G2 Goldfields

G2 Goldfields (TSX:GTWO) has released an update on its ongoing exploration program at the OKO-AREMU gold project, highlighting significant progress and promising results from recent drilling activities.

The company recently announced an updated Mineral Resource Estimate (MRE) for the OKO-AREMU project, totaling 922,000 ounces of indicated gold and 1,099,000 ounces of inferred gold. This substantial resource is situated along a prominent 2.5 km long north-south structure, anchored by the high-grade OMZ resource to the north and the Ghanie open pit and underground resource to the south.

Dan Noone, G2 Goldfields CEO, commented in a press release: These results continue to demonstrate that G2 remains very much a growth story, albeit one with an established high grade resource. Multiple gold bearing structures remain open along the +1 km Ghanie trend and in the coming months we look forward to continuing to expand our gold resources in the OKO district.

Focus on Ghanie District

G2 Goldfields Inc. is currently focusing its exploration efforts on the southern half of the structure within the Ghanie district. The ongoing 30,000-meter drill program has consistently intercepted new near-surface mineralization and high-grade shoots at depths between 200 and 400 meters, underscoring the area’s potential for resource expansion.

The latest results from thirteen drill holes in the Ghanie district have been released, demonstrating the down-plunge continuity of gold mineralization in the northern, central, and southern zones. Notably, hole GDD-110 intersected an emerging high-grade shoot in the Ghanie north area with two significant intercepts exceeding 15 g/t Au in a previously unexplored area approximately 150 meters below the surface.

Additionally, hole GDD-109, designed to target down-plunge mineralization, successfully intercepted a parallel zone of mineralization at a shallow depth of 32.5 meters, returning 9.2 g/t Au over 5.3 meters.

Figure 2. Source: G2 Goldfields

Further Definition of Central Zone

Drill holes GDD-98, 101, and 105 have further defined and extended the central zone. Hole 105 intersected three high-grade zones within a 100-meter core interval, opening up the central zone both to the north and at depth.

Exploration at Ghanie South

Drilling at Ghanie South targeted the down-plunge extension of high-grade mineralization reported in a previous drill hole. While lower-grade mineralization hosted in sandstones and andesites was encountered, further drilling at depth is expected to intersect mineralization hosted within magnetite-rich meta-basalts, which typically host higher-grade mineralization in the Ghanie Central and North zones.

Highlights from the results are as follows: 

Hole ID From To Int (m) Au g/t
GDD-96 403.0 417.5 14.5 3.5
Incl. 413.5 416.0 2.5 8.2
GDD-98 428.5 429.0 0.5 17.5
GDD-98 501.5 512.0 10.5 4.6
incl. 509.0 510.5 1.5 14.2
GDD-101 321.5 340.0 18.5 2.2
Incl. 337.2 340.0 2.8 9.7
GDD-105 451.0 453.0 2.0 20.9
GDD-105 497.5 500.4 2.9 19.8
GDD-105 544.5 553.9 9.4 5.5
Incl. 546.0 549.0 3.0 11.7
GDD-109 36.5 41.8 5.3 9.2
Incl. 40.9 41.8 0.9 45.0
GDD-109 200.7 224.5 23.8 1.9
Incl. 215.5 223.0 7.5 4.2
GDD-110 198.0 216.0 18.0 6.7
Incl. 201.0 204.0 3.0 15.9
Incl. 211.5 214.5 3.0 21.5

The intercepts reported are down-hole widths. True widths are estimated between 75% and _85% of reported down-hole widths. Gold grades are uncapped.

Ghanie North

GDD-109 9.2 g/t Au over 5.3 m (36.5 m to 41.8 m)
and 4.2 g/t Au over 7.5 m (215.5 m to 223.0 m)
GDD-110 6.7 g/t Au over 18.0 m (198.0 m to 216.0 m)
inc. 15.9 g/t Au over 3.0 m (201.0 m to 204.0 m)
inc. 21.5 g/t Au over 3.0 m (211.5 m to 214.5 m)
GDD-105 20.9 g/t Au over 2.0 m (451.0 m to 453.0 m)
and 19.8 g/t Au over 2.9 m (497.5 m to 500.4 m)
and 5.5 g/t Au over 9.4 m (544.5 m to 553.9 m)





The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

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