G2 Goldfields Inc. (TSX: GTWO)

Announced new the best assay results to date from the Company’s ongoing drilling program in the greater OKO-AREMU district, Guyana.

G2 currently holds exploration rights to 83,967 acres in the district and the New Oko Discovery Area represents the third significant gold discovery on the Company’s holdings.

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G2 Drills Best Holes to Date in New OKO Surface Discovery

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TORONTO, July 15, 2025 (GLOBE NEWSWIRE) —G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) announces new assay results from the Company’s ongoing drilling program in the greater OKO-AREMU district, Guyana.

G2 currently holds exploration rights to 83,967 acres in the district and the New Oko Discovery Area represents the third significant gold discovery on the Company’s holdings.

Drill results within this release are part of an ongoing program from a new discovery initially announced in March (see press releases dated March 18, April 1, April 28 and June 9, 2025, available on SEDAR+ and the Company’s website) which lies 10km north of its existing gold resources at the Oko-Ghanie Deposit (1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au).

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Highlights

• Drilling intersects broad zones of high-grade gold mineralization down plunge of original Discovery Zone
• High grade intersections include:
  • AMD30 –5.9g/t Au over 60 metres(m)including9.3g/t Au over 22.5m
  • AMD50 –2.2g/t Au over99.9mincluding5.5g/t Au over25.5m
  • AMD37 –3.0g/t Au over51.0mincluding6.3g/t Au over10.5m
• Five drill rigs active in the Discovery Area
• Updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) anticipated in Q4 2025

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Multiple gold targets have been delineated north of existing resources along a 15km trend.

Figure 1 — Plan View of District Target Areas

G2 has completed 69 diamond drill holes totalling 13,239m in the New Oko Discovery Area, where 56 of these holes targeted the ‘Main Shear’. This release provides assay results for 25 drill holes (AMD26 to AMD50 inclusive) totalling 4,113m, of which, 17 holes targeted the Main Shear Zone. Complete results for all 25 holes are available here 

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Discussion of Results

Drilling is primarily focused on exploring for gold mineralisation down-plunge of previously reported near surface gold intercepts. Broad zones of gold mineralisation were intercepted at vertical depths of up to 150m, with a distinct high-grade zone of mineralisation encountered in the south-western portion of the 700m long zone.

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Figure 2 – Long Section of New OKO Discovery

north of the New OKO Discovery and require further work.

Figure 4 – Plan View of New OKO Discovery

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Boaz Wade, VP Exploration, commented;

“This round of drilling, which was aimed at targeting higher grade zones, has delivered the two best down-hole intercepts on the New Oko Discovery to date.

“The other drill holes indicate continuity of mineralization within a plunging high-grade shoot as well as along strike in the broader shear structure.

“Extensions to the high-grade zone intersected by holes AMD30 and AMD50 will be part of the target areas for the next phase of drilling as we aim to aggressively advance exploration on this discovery with multiple drill rigs.”

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G2 Goldfields (TSX: GTWO)

Announced new assay results from the Company’s ongoing drilling program in the greater OKO-AREMU district, Guyana.

Hole AMD18 returned 65m @ 1.5 g/t Au & 9.7m @ 3.1 g/t Au.

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G2 Goldfields project location, note the proximity to G Mining’s Block 4 at the bottom of the plan. – Credit G2 Goldfields

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Boaz Wade, V.P. Exploration, stated

“The latest results confirm the continuity of gold mineralization down-dip of the host structure, and along strike to the northeast.

 

“Within the consistent broad intercepts along the shear, coherent zones of higher-grade begin to indicate the potential of plunging mineralized shoots that are still open at depth.

 

“Extensions of these higher-grade zones at depth and shallow strike extensions to the southwest will be the focus of the next phase of drilling, as we continue to expand this new, exciting discovery.”

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The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author is not invested in G2 Goldfields 

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To read our full terms and conditions, please click HERE

G2 Goldfields (TSX: GTWO)

Announced diamond drilling results returning significant widths of near surface gold mineralisation in the initial first pass drilling program at the 8,358-acre Peters Mine Property, Guyana.

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TORONTO, May 13, 2025 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce diamond drilling results returning significant widths of near surface gold mineralisation in the initial first pass drilling program at the 8,358-acre Peters Mine Property, Guyana.

The Peters Mine Property is part of a regional portfolio of gold properties in the historic Oko-Aremu-Peters Mine district, Guyana.

The project lies approximately 35 km southwest of the Company’s flagship OKO property which hosts mineral resources of 1.5 million ounces of gold Indicated and 1.6 million ounces of gold Inferred (see press release dated March 10, 2025).  

FIGURE 1 – Country Map

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History of the Property

The Peters Mine was discovered in 1902 and subsequently developed as an underground mine, becoming operational in 1905. Between 1905 and 1909, 41,915 ounces of gold were produced primarily from shallow underground workings within 70 meters of surface. Head grades were approximately 41 g/t Au.

 

The primary purpose of the recent drill program was to provide vital geological and structural information in several areas of known gold mineralisation. Results are tabulated in Table 1.

TABLE 1 – Assay Results

HOLE ID	FROM	TO	INT (M)	AU (G/T)
PDD1	62.0	138.0	76.0	1.5
Incl.	115.0	131.5	16.5	5.0
PDD3	133.0	175.0	42.0	0.8
Incl.	136.0	143.5	7.5	2.5
PDD4	9.2	34.0	24.8	0.4
PDD4	49.5	57.0	7.5	1.1
PDD5	147.0	150.0	3.0	12.5

 

Notes to Table 1: Widths are drill indicated core length as insufficient drilling has been undertaken to determine true widths at this time. Average grades are calculated with un-capped gold assays, as insufficient drilling has been completed to determine capping levels for higher grade intercepts.

Diamond drill holes PDD1 and PDD3 explored the area between the historical main shaft area and the incline shaft area. Both drill holes intercepted significant widths of near surface gold mineralisation. Notably, hole PPD1 returned 5 g/t Au over 16.5 meters within a much broader zone of mineralisation which returned 1.5 g/t Au over 76 metres.

FIGURE 2 – Mango Trend Deformation Zone Geology

Holes PDD4 and PDD5 targeted high grade quartz floats mapped and sampled in the historic Herolds Hill area. Hole PDD4 returned a low-grade hit of 0.4 g/t over 24.8 meters from near surface whilst hole PDD5 had a high-grade intercept of 12.5 g/t Au over 3 meters from 147 meters downhole. G2 is currently planning a significant drill program for the Peters Mine district.

FIGURE 3 – Drone Image of the MTDZ

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Dan Noone, G2 CEO, stated,

“The Peters Mine and greater Puruni district have been among Guyana’s most prolific goldfields for over a century.

“Despite its storied history, the area remains remarkably unexplored, and our initial results demonstrate the considerable potential of the region.”

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To View G2 Goldfield’s historical news, please click here

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author is not invested in G2 Goldfields 

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To read our full terms and conditions, please click HERE

G2 Goldfields  (TSX:GTWO)

Announced that it has filed the management information circular and related meeting materials  for the AGM and SGM of G2 shareholders to be held on January 28, 2025

The purpose of the Meeting is, among other things, to consider and, if deemed advisable, pass a special resolution approving the previously announced proposed spin-out of G2’s interest in certain non-core assets into a wholly owned subsidiary of G2, G3 Goldfields Inc.

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G2 Goldfields Announces Filing of Management Information Circular and Technical Report for Proposed Spin-Out of Non-Core Assets

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G2 Goldfields (TSX: GTWO)

After meeting management twice during 2024, we are initiating coverage of GTWO.

The company has some highly prospective gold licences in a prolific gold belt in Guyana, a tier 1 mining jurisdiction.

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City Investors Circle – Initiating Coverage of G2 Goldfields.

My current preferred criteria for investing in a gold mining company are,

1. A quality management team that have delivered shareholder value before
2. Tier 1 jurisdiction
3. At least 1 million ounces of gold resources
4. Plenty of exploration upside
5. Well funded
6. Generating good ongoing newsflow.

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G2 Goldfields ticks all those boxes for me.

One might argue that Guyana isn’t a tier 1 jurisdiction due to the occasional invasion threats from neighbour Venezuela, but the country has a degree of military protection from the UK and USA, and an actual invasion seems unlikely currently.

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Why do I like G2 Goldfields?

I have met with management twice this year, most recently in Zurich at the SMI conference. I was impressed with their presentation and I felt they are competent and honest, very important traits.

I should declare I am a shareholder of G Mining Venures, who recently purchased the Oko West property.  This abuts G2’s property, where Gmin’s Block4 meets G2’s Ghanie and OMZ Zones.

After this transaction I focused on the area and immediately liked the look of G2’s assets.

They not only have over 2 million ounces of gold in resources, they are well financed, and have multiple highly prosepective high-grade gold targets along a 17km trend.

In all honesty I expect G2 to be acquired in short order, with Anglogold Ashanti, a 15% shareholder, and G Mining Ventures, with projects next door, looking like the likely bidders.

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Management

The G2 Goldfields management team is comprised of professionals who have been involved in the discovery of more than 7 million ounces of gold in Guyana and the financing and development of Guyana’s largest gold mine, the Aurora. 

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Major shareholders.

• Management 20%
• Anglogold Ashanti 15%
• Other institutions hold around 10%
• Retail hold around 55%

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I always like to see management hold a significant stake in a company, and Anglogold’s 15% holding speaks for itself.

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Resources

Oko Main Zone

495,000 Oz gold Inferred

686,000 Oz gold Indicated

Ghanie Zone

604,000 Oz gold Inferred

236,000 Oz gold Indicated.

• A new Mineral Resource Estimate is due in Q1 2025.

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Near Term Cataylsts

Updated MRE – Q1 2025

Strategic Drilling – Connecting the high-grade OMZ with Ghanie, “drilling the gap”

Defining the Ghanie and NW Oko trends, follow up drilling

New drill targets along trend

Splitting out non-core assets in a newco, G3 (Record date 17th December 2024)

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That’s it in a nutshell. I like the company a lot, and feel with their excellent financial position they will generate lots of exciting newsflow in 2025.

They are spinning out non-core assets into a newco G3, focusing on their core assets, and giving those spun out assets a value they do not have inside the current company.

I wonder if this is being done in preperation for G2 being acquired?  It wouldn’t surprise me.

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The live Spot gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author is intending investing in G2 Goldfields 

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To read our full terms and conditions, please click HERE

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Mining Review 1st December 2024

We initiated coverage of G2 Goldfields.

Calibre Mining and Impact Minerals announced good drill results.

rchives

  

The November Market Review has just been published, which contains all the month’s news, and can be accesed here

Mining Review 30th November Published

The highlighted company is G2 Goldfields.

The Trump election victory ended gold’s positive run and mining stocks have fallen back as a result. The watchlists had a poor month. To read the review click here 

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City Investors Circle Market Review 30th November 2024

This month’s  highlighted company is G2 Goldfields, whom I met at the SMI Conference in Zurich, after having met them before in London.

The attraction is the high-grade gold on their property, which abuts G Mining Venture’s G4 property, in Guyana.

I feel there is a strong possibility of corporate action with G2, AngloGold have just taken a stake, and G Mining must be a candidate if a takeover battle ensues.

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The Trump election victory ended gold’s positive run and mining stocks have fallen back as a result.

The company watchlists had a poor month, with virtually all share prices falling from a month ago, although most have rallied and recovered some of the loss.

Only a few companies remained in positive territory, notably Colonial Coal, Capricorn Metals, and UEC.

To read this month’s review click here 

To subscribe to our Monthly Reviews and receive invitations to free to attend company presentations, please email andrew@city-investors-circle.com

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author shares in some of the companies mentioned.

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 G2 Goldfields (TSX: GTWO)

Announced that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting of shareholders of G2

One purpose of the meeting is to ask shareholders to approve the spin-out of a newco, G3 Goldfields.

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TORONTO, Nov. 29, 2024 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO, OTCQX:GUYGF) is pleased to announce that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting (the “Meeting”) of shareholders of G2 (the “Shareholders”).

G2 Goldfields (TSX: GTWO)

Following  a recent meeting with management, we are initiating coverage of G2 Goldfields.

G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project.

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Initiating coverage – G2 Goldfields (TSX: GTWO)

Following  a recent meeting with management, we are initiating coverage of G2 Goldfields.

G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project.

Anglogold Ashanti became a shareholder in a recent financing, and I imagine that’s with a view to being at the table when the anticipated bidding war starts.

G2 are preparing a spin-out of G3 Goldfields, so that suggests to me G2 may be the subject of some corporate action in the near term.

G Mining Ventures look to be the most likely suitor so maybe that’s why Anglogold took their stake?

If they take out G2 Anglogold would then be in a position to bid for G Mining and consolidate their projects.

All to play for here, I feel this may be a play in 2025.

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The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds no shares in G2 Goldfields

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