Reviewed by Alex SmithApr 21 2022
G2 Goldfields Inc. is delighted to give additional details on the company’s ongoing investigation at the OKO-AREMU Project in Guyana, which spans 19,200 acres. The Company has completed 127 holes comprising 30,224 meters of drilling, with the majority of this work taking place in the Oko Main Zone (OMZ).
Image Credit: Shutterstock.com/Roman Bodnarchuk
While continuing to develop the high-grade gold mineralization identified at the OMZ, G2 has recognized seven more priority areas for development.
Oko North-West (ONW)
This location is around 4 kilometers northwest of the OMZ. There is a great deal of evidence of artisanal mining in the area, along with a surface sampling of exposed veins, some of which have high values. At ONW, G2 executed an 11-hole (1,426 meters) “first pass” reconnaissance drill program that examined numerous target regions across a 500-meter strike.
Sheeted veins within a silica-sericite alteration halo next to separate east plunging dilatational zones have been discovered by documenting these holes. This initial drill program’s results are still pending.
Aremu West Drilling
G2 is actively drilling targets in the historic Aremu vein system’s western end. The Aremu vein system is made up of roughly twenty steeply dipping auriferous quartz veins that run for about 4 kilometers in the Aremu shear zone, a distortion zone. The brecciated quartz-carbonate veins with hematite staining and pyrite are where the top gold mineralization is found. Black graphite schist with quartz veinlets and stringers hosts low-grade gold.
The historic Aremu Mine, located at the eastern extremity of the Aremu deformation zone, generated 6,488 oz from 14,632 tons of ore (15.6 g/t Au) between 1906 and 1911. The Shepherd Vein, which is situated at the western end of this 4-kilometer structure, is the Company’s immediate objective for research.
In the region, artisanal miners excavated two shallow holes, exposing a 1.5-meter wide quartz vein supported in carbonaceous strata comparable to the OMZ. In this location, the company intends to drill four holes.
OMZ Resource Estimate
Micon International Limited has been hired by the Company to provide an NI 43-101 compliant independent resource analysis for the OMZ area. As drilling progresses to characterize and develop the three primary shear zones that hold the bulk of the mineralization, this original assessment is the first of numerous projected for the area.
This preliminary assessment will concentrate on gold mineralization between the surface and 350 meters below the surface, with all zones remaining open to depth. G2 has acquired the preliminary results and is in the process of collating the data, which will be released on April 25th, 2022.
The Oko Main Zone is an orogenic-type gold deposit located within the Cuyuni Basin. As demonstrated at the Aurora Mine, currently operated by Zijin Mining, we expect the OMZ to have considerable depth potential. Upcoming drilling at the OMZ will target the down-plunge extension of Shears 3, 4 and 5 to a depth of 750 m–800 m.
Dan Noone, CEO, stated, G2 Goldfields Inc.
Mobilization of 3rd Rig
To speed up its investigation campaign in the Oko district, G2 has mobilized a third larger diamond drill rig. This larger rig can drill to 1500 m downhole depths and will be employed to dig deeper into the Oko high-grade zones.
We are excited about the exploration potential across the Oko-Aremu district, where the Company’s extensive land package overlies a highly prospective greenstone belt that contains the OMZ deposit. Multiple targets have been identified across the district and field programs inclusive of drilling are currently being executed to advance them.
Boaz Wade, V.P. Exploration, G2 Goldfields Inc.
“The district contains an extensive occurrence of surface working with coherent geochemical anomalies, and we remain confident about the potential for future discoveries,” Wade added.