G2 Goldfields (GTWO) - Drill, Discover, Repeat. Resource Update Coming in Q3

G2 Goldfields Inc. is a Canadian mineral exploration company focused on the advancement of its OKO project located in the Guiana Shield of Guyana. Guyana is a country on South America’s North Atlantic coast. The OKO project of the company is located in the south-eastern Cuyuni Mining District, approximately 120 km away from Guyana’s capital city, Georgetown.

Updates from the company and its current goal

G2 Goldfields has been making significant strides in the world of gold excavation in Guyana. In a recent interview with Crux Investor, CEO Dan Noone and VP Boaz Wade shared the latest information on their exploration efforts and discoveries.

The company has already discovered a high-grade gold system in Guyana and has an initial resource of 1.2 million ounces with an average grade of 9 grams a ton. Additionally, G2 Goldfields has made a new discovery called the Ghanie area and is exploring other targets near the surface. Their priority is to expand the surface footprint for higher throughput.

Characteristics of the Ghanie Target and Understanding it

The company is drilling cautiously to understand the geometry and controls of mineralization and stepping out to test continuity of higher grade at Ghanie. They are targeting surface expressions of mineralization for drilling and plan to update their resource in Q3 2022 for the main zone and Ghanie.

Drilling deeper drill holes at Oko Main Zone

The exploration company plans to focus on discoveries and update the resource in Q3. They will drill five zones within 5km of the Oko main deposit, with the aim of building a structural model for the whole district with updated resource.

In terms of the drilling progress and budget for the year, the company has drilled approximately 7,000 meters in Q1 with a moderate rate of 2 rigs. The team is expected to drill another 15,000-20,000 meters over the next 4 months depending on results. The success rate of the company is around 65-70% of holes intersecting economic grades.

Potential of the Ghanie Target

The potential for Ghanie mine is also noteworthy. The geological target and intersection are important for continuous mineralization. Ghanie has the potential for both open pit and underground mining.

Overview of the exploration methodology

Geological exploration involves geophysics, mapping, and testing anomalies. Ground magnetics and VLS are the main geophysical tools employed by G2 Goldfields. Mapping sacralite is valuable as it preserves strain fabrics in rocks and helps refine structural modeling.

In conclusion, G2 Goldfields is a promising company for retail investors interested in mineral resource companies. The company has already made impressive discoveries, with potential for more in the future. The information from the Crux Investor interview with the CEO and VP of the company is a valuable resource for investors looking to make informed decisions.

To find out more, go to the G2 Goldfields website