G2 Goldfields - An Emerging High-Grade Gold Discovery in Guyana

- High-grade gold reserve in Guyana with 1.2 million ounces
- G2's approach prioritizes high-grade gold, rapid payback, and low capital expenditure (capex) opportunities.
- The company has aggressive exploration plans with three rigs on-site and possibly more in the future.
About G2 Goldfields
G2 Goldfields is a junior exploration company focused entirely on discovering and developing high-grade gold resources in the mineral-rich nation of Guyana. The company holds extensive land packages in the Guiana Shield, one of the world's most prospective and underexplored gold regions. G2 is led by CEO Dan Noone, a mining industry veteran with decades of experience successfully exploring and building mines in Guyana. Noone previously led Guyana Goldfields, taking the Aurora project from discovery to production. G2 is listed on the TSX Venture Exchange under the symbol GTWO and also trades in the U.S. on the OTCQX under the symbol GUYGF.
Interview with Dan Noone, Chief Executive Officer
High-Grade Potential at Flagship OKO Project
The company's flagship asset is the OKO project located in Guyana's Cuyuni-Mazaruni mining district. Work to date has outlined significant high-grade gold mineralization related to structural shear zones cutting favorable volcanic and sedimentary rock units. An initial resource estimate for the OKO Main zone totals 1.2 million ounces grading 9 grams per tonne gold. This exceptional grade provides a strong high-margin core around which to continue expanding resources and develop the project.
Recent drilling has successfully grown mineralization both at depth and along strike. Broad intercepts of 1-2 g/t gold in hanging wall rocks surrounding the high grade veins highlight the potential for additional bulk tonnage mineralization. For example, at the new Gani discovery, located south of OKO Main, hole OZD-21-10 intersected 6.5 g/t gold over 27 meters including 10.1 g/t over 10 meters. Based on results so far, Ghani and OKO Main have clear potential for over 150,000 ounces per year production according to CEO Dan Noone.
Aggressive Exploration Ongoing
G2 has an aggressive 17,000 meter drill program underway focused on expanding resources at OKO Main and Ghani while also testing high-priority exploration targets along the broader 17 kilometer mineralized corridor. This includes the promising OKO Northwest area where previous artisanal mining exposed gold-bearing shear zones with similarities to OKO Main. The company's geologists now have an improved understanding of the key geological and structural controls on high-grade mineralization which will aid targeting.
Additional High-Grade Discoveries Key
CEO Dan Noone stresses that additional high-grade discoveries will be key to the success of the OKO project. Noone believes an initial 150,000 ounce per year operation, focused on high-grade material, would allow for rapid payback on capital spending while limiting initial capex below $150 million. Cashflow from the start-up operation could then fund expansion. The company is working towards publishing an updated resource estimate for OKO Main along with a maiden resource for Ghani in September 2022.
Upside for Contrarian Gold Investors
With expanding high grade resources defined by disciplined exploration, G2 Goldfields offers investors excellent leverage to rising gold prices. The current market continues to undervalue quality gold juniors, presenting those willing to take a contrarian view a chance to position ahead of drilling results and asset development catalysts. Investors are encouraged to research G2 Goldfields while it still trades at a discount to comparable peers. Management's impressive track record in Guyana provides confidence they can continue to unlock value at OKO and replicate that success along the district-scale trend.
Analyst's Notes


