G2 Drills 11.3 metres grading 9.25 g/t Au at Oko

TORONTO, June 10, 2021 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (TSXV: GTWO; OTCQX: GUYGF) (the “Firm” or “G2”) is happy to announce extra assay outcomes from the Firm’s ongoing exploration program on the 19,200-acre Oko Property, Guyana. Because the resumption of drilling on March 12, 2021, G2 has drilled a further sixteen diamond drill holes totalling 4,412 metres. Outcomes from the primary two holes, OKD-65 and 66, have been reported in a press launch dated Might 6, 2021, and outcomes for a further two holes, OKD-67 and 68, are reported hereunder. Drilling continues to intercept high-grade gold mineralization – with diamond drilling up to now defining no less than 5 distinct mineralized shear zones inside a 900-metre-long mineralized envelope.

Diamond drill gap OKD – 67 focused the southern extension of the zone related to shear #5 intercepted in gap OKD – 66 (6.5 metres grading 15.3 g/t Au, see Might 6 press launch). Gap OKD – 67 efficiently intercepted the zone roughly 70 metres south of the OKD – 66 intercept and returned 9.25 g/t Au over a core size of 11.3 metres (10.1 metres true width).

Moreover, OKD – 68 was drilled to focus on the southern and deeper extension of shear #3 the place drill gap OKD-54 returned 10.5 g/t Au over 6.7 m (OKD – 54 see press launch dated August 11, 2020). Gap OKD – 68 returned 10.2 g/t Au over 3.8 metres (2.7 metres true width). This intercept lies roughly 80 metres deeper and 50 metres south of the OKD – 54 intercepts.

All 2021 diamond drill outcomes are summarized within the desk beneath.

TABLE 1

Widths reported are drill indicated core size. True widths are estimated at 85% to 97% of core lengths for holes OKD-65 to OKD-68. Common grades are calculated with un-capped gold assays, as inadequate drilling has been accomplished to find out capping ranges for greater grade intercepts.

An extended part by means of the OKO principal zone is obtainable beneath, and on the following hyperlink: https://g2goldfields.com/wp-content/uploads/2021/06/G2_LongSection_June2021_092.pdf.

A Media Snippet accompanying this announcement is obtainable by clicking on the picture or hyperlink beneath:

Holes OKD – 67 and 68 are two of the deepest holes drilled up to now at Oko. These high-grade deeper intercepts are greater than 500 metres aside and exhibit the appreciable prospectivity of the Oko principal zone. Thought-about collectively, holes OKD – 65 by means of 68 exhibit that the Oko principal zone stays high-grade and is significantly wider than beforehand drilled nearer floor intercepts.

Dan Noone, G2 CEO, acknowledged, “We’re delighted to be constantly hitting high-grade intercepts in a number of shear zones. These outcomes proceed to validate our geological mannequin as we proceed to aggressively broaden the mineralized envelope of Oko.”

Boaz Wade, VP Exploration, added, “The predictability of our mannequin for OKO is demonstrated with the profitable high-grade extensions in shears 3 & 5. We’ll proceed to broaden these high-grade zones each alongside strike in addition to up and down-plunge.”

QA/QC

Drill core is logged and sampled in a safe core storage facility situated on the Oko challenge website, Guyana. Core samples from this system are lower in half, utilizing a diamond chopping noticed, and are despatched to MSALABS Guyana, in Georgetown, Guyana, which is an accredited mineral evaluation laboratory, for evaluation. Samples from sections of core with apparent gold mineralization are analyzed for whole gold utilizing an business normal 500g metallic display hearth assay (MSALABS methodology MSC 550). All different samples are analysed for gold utilizing normal Fireplace Assay-AA with atomic absorption end (MSALABS methodology; FAS-121). Samples returning over 10.0 g/t gold are analyzed using normal hearth assay gravimetric strategies (MSALABS methodology; FAS-425). Licensed gold reference requirements, blanks and area duplicates are routinely inserted into the pattern stream, as a part of G2 Goldfield’s high quality management/high quality assurance program (QAQC). No QA/QC points have been famous with the outcomes reported herein.

About G2 Goldfields Inc.

G2 Goldfields Inc. is targeted on the invention of huge gold deposits within the Guiana Defend.  The Firm owns a 100% curiosity in two previous gold-producing mines, in addition to a regional portfolio of extremely potential tasks.

All scientific and technical data on this press launch has been ready underneath the supervision of Dan Noone (CEO of G2 Goldfields Inc.), a “certified particular person” throughout the that means of Nationwide Instrument 43-101. Mr. Noone (B.Sc. Geology, MBA) is a Member of the Australian Institute of Geoscientists.

For additional data please contact:

Dan Noone
CEO
+1.416.628.5904
E mail: d.noone@g2goldfields.com

Ahead Wanting Statements

This information launch accommodates sure forward-looking data and statements throughout the that means of relevant securities legal guidelines. The usage of any of the phrases “anticipate”, “anticipate”, “proceed”, “estimate”, “might”, “may”, “will”, “challenge”, “ought to”, “imagine”, “plans”, “intends” and comparable expressions are meant to establish forward-looking data and/or statements.  Ahead-looking statements and/or data are primarily based on a variety of materials elements, expectations and/or assumptions of G2 Goldfields which have been used to develop such statements and/or data, however which can show to be incorrect. Though G2 Goldfields believes that the expectations mirrored in such forward-looking statements and/or data are affordable, undue reliance shouldn’t be positioned on forward-looking statements as G2 Goldfields may give no assurance that such expectations will show to be right. Along with different elements and assumptions which can be recognized herein assumptions have been made relating to, amongst different issues: outcomes from deliberate exploration and drilling actions; future plans for operational expenditures; the accuracy of the interpretations of exploration and drilling exercise outcomes; availability of financing
  to fund present and future plans and expenditures; the influence of accelerating competitors; the overall stability of the financial and political atmosphere by which G2 Goldfields has property pursuits; the overall continuance of present business circumstances; aboriginal issues; the well timed receipt of any required regulatory approvals; the flexibility of G2 Goldfields to acquire certified workers, gear and/or companies in a well timed and price environment friendly method; the flexibility of the operator of every challenge by which G2 Goldfields has property pursuits to function in a protected, environment friendly and/or efficient method and to satisfy its respective obligations and present plans; future commodity costs; foreign money, change and/or rates of interest; and the regulatory framework relating to royalties, taxes and/or environmental issues within the jurisdictions by which G2 Goldfields has property pursuits. The forward-looking data and statements included on this information launch should not ensures of future efficiency and shouldn’t be unduly relied upon. Such data and/or statements, together with the assumptions made in respect thereof, contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes and/or occasions to vary materially from these anticipated in such forward-looking data and/or statements together with, with out limitation: dangers related to the uncertainty of exploration outcomes and estimates, foreign money fluctuations, the uncertainty of conducting operations underneath a overseas regime, exploration threat, the uncertainty of acquiring all relevant regulatory approvals, the supply of labour and/or gear, the fluctuating costs of commodities, the supply of financing and dependence on the  administration personnel of the Company, different members within the property areas and/or sure different dangers detailed from time-to-time in G2 Goldfields public disclosure paperwork (together with, with out limitation, these dangers recognized on this information launch and G2 Goldfields present administration’s dialogue and evaluation). Moreover, the forward-looking statements contained on this information launch are made as on the date of this information launch and the Company doesn’t undertake any obligations to publicly replace and/or revise any of the included forward-looking statements, whether or not because of extra data, future occasions and/or in any other case, besides as could also be required by relevant securities legal guidelines.

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