G2 Goldfields (TSX: GTWO) has extended high grade gold mineralization at its Oko Project in Guyana to a vertical depth of 1 kilometre, with its deepest hole to date returning 84.5 metres grading 3.0 g/t gold.
The result, reported Monday from new diamond drilling at the project’s Ghanie deposit, extends the known mineralized zone an additional 140 metres down plunge from prior intercepts, and the system remains open at depth.
Highlights from the latest results include:
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- GDD277B: 84.5 metres at 3.0 g/t gold from a depth of 915 metres
- Including 6.0 metres at 13.4 g/t gold
- And 16.4 metres at 4.5 g/t gold
- GDD270: 20.8 metres at 9.6 g/t gold from a depth of 299 metres
- Including 4.4 metres at 36.1 g/t gold
- GGD271A: 19.5 metres at 1.8 g/t gold from a depth of 894.5 metres
- Including 3.0 metres at 6.1 g/t gold
The company currently has eight drill rigs turning across the property, focused on a mix of infill, expansion and discovery work. Infill drilling produced one of the day’s standout results, with hole GDD270 cutting 20.8 metres at 9.6 g/t gold, including a 4.4-metre interval grading 36.1 g/t.
Drilling in the Border Zone, located south of the existing Ghanie pit shell and trending toward G Mining Ventures’ adjacent Oko West deposit, also extended mineralization roughly 50 metres beyond the current resource boundary.
Chief Executive Officer Daniel Noone said the latest results reinforce the growth profile at Oko, with mineralization remaining open along strike and at depth as the company continues to advance near mine and district scale targets.
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The drill update lands less than a month after G2 entered into a definitive agreement to be acquired by G Mining Ventures (TSX: GMIN) in an all share deal that valued the company at roughly C$3 billion at the time of announcement. The transaction would combine G2’s Oko-Ghanie project with G Mining’s neighbouring, fully permitted Oko West project into a single Tier-1 operation projected to produce more than 500,000 ounces of gold annually.
Under the agreement, G2 shareholders will receive 0.212 G Mining common shares per share held, along with stock in a newly created exploration vehicle, G3 SpinCo, that will hold several non-core assets. The deal is expected to close in the second quarter of 2026, subject to shareholder and court approvals.
G2 Goldfields last traded at $10.35 on the TSX.
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