G2 Goldfields Reports 60% Increase in Indicated Gold Resources

• G2 Goldfields reports updated Mineral Resource Estimate for Oko Project in Guyana • Bulk of gold mineralization lies along 2.5 km north-south structure • OMZ established as one of the highest-grade gold deposits globally • Indicated gold resources increased by 60% to 1.5 Moz • Inferred gold resources increased by 49% to 1.6 Moz • Resource remains open to depth and along strike • G2 exploration team remains in growth and discovery mode

G2 Goldfields Inc. (TSX: GTWO, OTCQX: GUYGF) has recently announced an updated Mineral Resource Estimate (MRE) for its Oko Project in Guyana, which hosts a large and high-grade gold deposit. The project, situated on an 83,967-acre land area, has seen a substantial increase in gold resources, particularly in the high-grade Oko Main Zone (OMZ) [1].

The MRE, which includes all drilling data obtained up to January 2025, highlights significant growth in both indicated and inferred gold resources. Indicated resources have increased by 60% to a total of 1.5 million ounces (Moz) at an average grade of 3.40 grams per tonne (g/t) Au. Inferred resources have also grown by 49% to 1.6 Moz at an average grade of 2.48 g/t Au [1].

The bulk of the gold mineralization at the Oko Project lies along a prominent 2.5 km long north-south structure, with high-grade OMZ located to the north and a bulk mineable, disseminated resource, known as the Ghanie Gold Zone (Ghanie), to the south [1]. The new MRE establishes OMZ as one of the highest-grade gold deposits globally, with high-grade, near-surface zones (S3, S4, S5) containing 609,000 oz at an average grade of 10.25 g/t Au within approximately 5 to 370 meters from surface [1].

The resource remains open to depth and to the north along strike, providing opportunities for further growth and discovery. Daniel Noone, Chief Executive Officer of G2 Goldfields, expressed his excitement about the potential of the Oko Project, stating, "This MRE firmly establishes our Oko Project as both large and comparatively high grade. This, combined with Guyana’s pro-development mining policies, places Oko near the top of undeveloped gold projects. We will continue to leverage our experience, success, and knowledge of this emerging district to find and develop more mines for Guyana" [1].

The MRE was prepared by Micon International Limited in accordance with National Instrument 43-101 and has an effective date of March 1, 2025 [1]. With the significant increase in gold resources and the potential for further growth, G2 Goldfields' Oko Project in Guyana is poised to become a major player in the global gold mining industry.

References:
[1] G2 Goldfields. (2025, March 10). G2 Goldfields Significantly Increases Gold Resources at the Oko Project, Guyana. Retrieved from https://www.globenewswire.com/news-release/2025/03/10/3039520/0/en/G2-Goldfields-Significantly-Increases-Gold-Resources-at-the-Oko-Project-Guyana.html