G2 Goldfields (TSX: GTWO)

Announced new assay results from the Company’s ongoing diamond drill program at the OKO Project, Guyana. 

Gold production is estimated at 298,000 ounces per annum during years 3 through 10. The OKO gold project will contribute significantly to Guyana’s economy.

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Drill core – Credits G2 Goldfields

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TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) —G2 Goldfields Inc.(“G2” or the “Company”) (TSX: GTWO; OTCQX: GUYGF) is pleased to announce new assay results from the Company’s ongoing diamond drill program at the OKO Project, Guyana (“OKO” or the “Project”).

In December 2025, G2 released key findings from an independent Preliminary Economic Assessment (“PEA”)[see press release dated December 18, 2025].

The PEA outlined a combined open pit and underground operation with a 14-year mine life with total gold production estimated at 3.2 million ounces at all-in sustaining costs¹ (“AISC”) of US$1,191 per ounce.

Gold production is estimated at 298,000 ounces per annum during years 3 through 10. The OKO gold project will contribute significantly to Guyana’s economy through payments of royalties, taxes, and employment opportunities.

Assay results are reported hereunder for 16 new diamond drill holes totalling 5,997 metres (“m”).

Highlights of the results are compiled in Table 1, with a complete table of results available here.

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Table 1 – Highlights of Drilling Results: Border / Ghanie Gold Zones

DRILL HOLE	FROM (METRES)	TO (METRES)	INT. (METRES)	GRADE (G/T AU)	GRADE x DH WIDTH
GDD247	58.5	88.5	30.0	2.1	61.8
GDD251A	151.0	161.5	10.5	2.6	27.6
GDD251A	222.5	242.0	19.5	2.3	44.9
Notes to Table 1: The intercepts reported are down-hole widths. True widths are estimated between 62% and 98% of reported down-hole widths. Gold grades are uncapped.

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Figure 1 – District Plan View of Targets

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Daniel Noone, CEO of G2 stated,

“These results continue to demonstrate the ongoing expansion of gold resources at the Oko Project, with mineralisation remaining open in multiple directions.

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“With five rigs focused on the Ghanie / Border target areas, alongside continued greenfields exploration across the district, we are excited about the potential for additional gold discoveries in the greater Oko district.

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“G2 will continue to unlock shareholder value by aggressively exploring and de-risking its portfolio of gold projects.”

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To read the full news release please click HERE

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To view the latest share price and chart, please click HERE

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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 invested in G2 Goldfields 

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To read our full terms and conditions, please click HERE

G Mining Ventures (TSX: GMIN)

Announced that the Guyana Geology and Mines Commission has granted a Mining License for the Corporation’s 100%-owned Oko West Gold Project  located in Region 7, Guyana.

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G Mining Oko West project panoramic view – Courtesy of Reunion Gold

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G Mining Ventures Receives Mining License for Oko West Gold Project

December 08, 2025G Mining Ventures Corp.

Omai Gold Mines (TSX.V: OMG)

Announced assay results from the next phase of drilling at its 100% owned Omai Gold Project in Guyana, South America.

The current positive drilling results are from two near-surface exploration targets.

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Omai Gold core logging huts – Courtesy of Omai Gold Mines

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Omai Gold Mines (TSX.V: OMG)

Announced assay results from the next phase of drilling at its 100% owned Omai Gold Project in Guyana, South America.

The current positive drilling results are from two near-surface exploration targets that were identified from trenching, geophysics and historical data.

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Credits – Omai Gold Mines

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G Mining Ventures (TSX: GMIN)

Announced that its Board of Directors has formally approved the commencement of full construction of its 100%-owned Oko West Gold Project in Guyana, following the completion of permitting and financing milestones.

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G Mining Ventures (TSX: GMIN)

Announced it has received the Environmental Permit from Guyana’s Environmental Protection Agency for the Oko West Gold Project, located in Guyana.

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Panoramic view of the TZ gold mine in Brazil – Credits G Mining Ventures

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G Mining Ventures Announces Receipt of Final Environmental Permit for Oko West Gold Project in Guyana

September 02, 2025

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Louis-Pierre Gignac, President & Chief Executive Officer commented,

Omai Gold Mines (TSX.V: OMG)

Reported an updated Mineral Resource Estimate on its Omai Gold Property in Guyana.

For the Wenot MRE, the Inferred MRE increased 130% to 3,717,000 oz grading 1.82 g/t Au, contained in 63.4 million tonnes, and the Indicated MRE increased 16% to 970,000 oz grading 1.46 g/t Au, contained in 20.7 Mt.

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Omai Gold core logging huts – Courtesy of Omai Gold Mines

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OMAI INCREASES INDICATED MINERAL RESOURCES TO 2.1 MOZ AU (2.07 g/t Au, 31.9Mt) AND INFERRED MINERAL RESOURCES TO 4.4 MOZ AU (1.95 g/t Au, 69.6Mt) WITH EXPANSION OF WENOT DEPOSIT

August 25, 2025, Toronto, Ontario – Omai Gold Mines Corp. (TSX.V: OMG) (OTCQB: OMGGF) (“Omai Gold” or the “Company”) is pleased to report an updated Mineral Resource Estimate (“MRE”) on its 100%-owned Omai Gold Property in Guyana.

The MRE includes an expansion to the Wenot Deposit and incorporates the previously disclosed Gilt Creek Deposit.

Most significantly, for the Wenot Mineral Resource Estimate (“MRE”), the Inferred MRE increased 130% to 3,717,000 oz grading 1.82 g/t Au, contained in 63.4 million tonnes (“Mt”), and the Indicated MRE increased 16% to 970,000 oz grading 1.46 g/t Au, contained in 20.7 Mt.

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HIGHLIGHTS:

The Omai Property hosts two orogenic gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit (Figure 1), with a combined updated MRE (over the February 2024 MRE) of:
• 2,121,000 ounces of gold (Indicated MRE), a 7% increase, averaging 2.07 g/t Au in 31.9Mt &
• 4,382,000 ounces of gold (Inferred MRE), a 92% increase, averaging 1.95 g/t Au in 69.6Mt
Wenot Deposit (a constrained pit and underground approach is applied)
• 970,000 oz of gold in 20.7Mt (Indicated), a 16% increase in ounces over the Feb 2024 MRE
• 3,717,000 oz of gold in 63.4Mt (Inferred), a 130% increase in ounces
• 1.46 g/t Au grade of Indicated MRE, a 1.4% decrease*
• 1.82 g/t Au grade of Inferred MRE, an 8.5% decrease*
• *Increased gold price assumption to $2,500/oz from $1,850/oz allowed cutoff lower to 0.30 g/t Au
from 0.35 g/t Au, resulting in lower average grades however increased ounces
• ~60% above 350m depth from surface (Figure 2a)
• ~30% of Wenot MRE is west of the historical open pit, an area considered to be well suited to initial mining.
• Expansion potential is evident along a minimum 2.5 km length of the host Wenot shear corridor, including within, adjacent to, below, and along strike Gilt Creek Deposit (an underground mining approach is applied)
• 1,151,000 ounces of gold (Indicated) averaging 3.22 g/t Au, in 11.1Mt (Feb 2024 MRE)
• 665,000 ounces of gold (Inferred) averaging 3.35 g/t Au, in 6.2Mt (Feb 2024 MRE)
• Hosted within a 500m by 300m quartz diorite intrusive “Omai stock” that produced 2.4 million ounces of gold (1993 to 2005) from the upper 250m
• Located 500m north of the Wenot Deposit and below the past-producing Fennel open pit
• Characterized by very wide sub-horizontal zones of gold mineralization (Figure 5)
• Open to depth and holds demonstrated potential for lateral expansion.

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Elaine Ellingham, President & CEO commented,

“We are pleased to be delivering yet another very substantial increase to the Mineral Resource Estimate for our Omai Gold Project in Guyana.

 

“This firmly positions Omai as one of the top two largest gold projects in Guyana. Omai has many benefits as a brownfields project, not the least of which is road access (mostly paved), an airstrip, a cleared site, established tailings sites and known past production parameters.

 

“In addition to these clear advantages, Guyana has proven to be a favourable jurisdiction, now recognized by the Fraser Institute as the 9th best jurisdiction for mining investment in the world, with a Government and people that are supportive of large-scale mine development.

 

“This updated Mineral Resource Estimate reinforces the potential for accelerated large-scale mine re-development at Omai, a project that continues to deliver superior value
creation for all stakeholders.

 

“With each successive milestone it becomes clearer that Omai has the potential to be a multi-decade world-class gold mining operation.

 

“Notwithstanding this large gold Mineral Resource Estimate we announced today, we still see very significant potential to further expand the gold zones at both the Wenot and the Gilt Creek Deposits.

 

“We will continue to aggressively drill to increase these Mineral Resources and to upgrade the Inferred Mineral Resource Estimate, in order to advance the project towards a Feasibility Study later in 2026.

 

“Two drills are currently turning on nearby known gold occurrences, exploring for near-surface satellite deposits, while the third drill continues on a deep hole (25ODD-122) that drilled across the Gilt Creek Deposit and continues, with the goal of testing the blue sky depth potential of the adjacent Wenot Deposit.”

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To read the full news release, please click HERE

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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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=======

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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 holds shares in Omai Gold Mines. 

.

To read our full terms and conditions, please click HERE

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TZ mine Vista in Brazil – Courtesy of G Mining Ventures

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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.

.

Disclosure

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

.

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

.

=======

,

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 

.

To read our full terms and conditions, please click HERE

G Mining Ventures (TSX: GMIN)

Reported its production and financial results for the quarter ended March 31, 2025.

GMIN produced 35,578 ounces  of gold  in Doré, at  All-in sustaining costs of $960 per oz Au sold.

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May 15, 2025

Credit G Mining Ventures

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G Mining Ventures (TSX: GMIN)

Announced the results of its Feasibility Study for the development of its wholly-owned Oko West Gold Project located in Region 7,Guyana.

The FS confirms robust economics for a low-cost, large-scale, conventional open pit and underground mining and milling operation, with industry-leading operating costs and high rate of return.

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G Mining Ventures (TSX: GMIN)

Announced the commencement of site preparation activities at its Oko West Gold Project in Guyana, marking a major step forward in the project’s development.

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G Mining Ventures (TSX: GMIN)

Provided an update on year-end 2024 mineral reserves and mineral resources and announce the updated mineral resource estimate for its 100% owned, advanced exploration-stage Gurupi Project, located in northern Brazil

Highlights: M & I Resources 8.28 million ounces, Inferred Resources: 2.40 Moz, and Proven & Probable Reserves: 2.03 Moz.

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Comment

A really positive update from a company run really well by an experienced management team.

If the gold price remains around the current levels GMIN are well placed to forge ahead with the extra revenue self-funding its advanced exploration projects.

The old mantra applies here, my first rule of investing is quality management.

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G Mining Ventures (TSX: GMIN)

Announced its 2025 operational and cost guidance for Tocantinzinho Gold Mine, along with planned capital expenditures to progress the Oko West Gold Project in Guyana and the Gurupi exploration Project in Brazil.

Planned production is between 175,000 and 200,000 ounces of gold at an AISC of US$996 to US$1125.

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Comment

This is just the type of company I like to invest in.

There’s low cost and growing production, with a near term development project being funded through cashflow, and exploration ongoing in three different projects at the same time.

All this in tier 1 jurisdictions with a management team that have done all this before.

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G Mining Ventures Outlines Outlook for 2025

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BROSSARD, QC, Jan. 21, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) announces its 2025 operational and cost guidance for Tocantinzinho Gold Mine (“TZ“), along with planned capital expenditures to progress the Oko West Gold Project (“Oko West“) in Guyana and the Gurupi exploration Project (“Gurupi“) in Brazil.

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Highlights

Production, unit cost and capital expenditure guidance for the full year 2025 are outlined in the table below.

All amounts are in USD unless stated otherwise.

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Figure 1: Full Year 2025 Operational and Cost Guidance

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Louis-Pierre Gignac, President & Chief Executive Officer commented,

“We expect to build on GMIN’s 2024 operational success in the year ahead, as TZ ramps up throughput, reaching nameplate capacity early in the year, generating meaningful free cash flow to advance development activities at Oko West.

 

“TZ will remain our focus in 2025 but will be complemented by Oko West development initiatives, including permitting and early works activities.

 

“We plan to increase our investment in greenfield and brownfield exploration across our portfolio to uncover low-cost, high-value ounces.”

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Tocantinzinho Gold Mine

The Corporation is focused on ramping up production and controlling operating costs at TZ. Annual gold production at TZ is forecasted to range between 175,000 and 200,000 ounces. 

Gold output is anticipated to be higher in the second half of the year (56% of the total) as higher-grade mineralization becomes accessible according to the mine plan. 

In Q1 2025, we aim to complete the installation of an advanced process control system to enhance the efficiency of the grinding and flotation processes at the plant.

Cash Costs and All-in-Sustaining-Costs (“AISC“) are expected in the ranges of $590 and $655 per ounce sold and $995 and $1,125 per ounce sold, respectively.

Approximately 75% of costs are denominated in local currency.

Total sustaining capital expenditures for 2025 are projected at $60 to $70 million, which includes $23 million for capitalized stripping and $2 million for near-mine exploration.

Sustaining capital expenditures, excluding capitalized waste stripping, are estimated at $35 to $45 million. This includes $20 million for mining equipment, $10 million for major components of the mobile fleet, $4.5 million for tailings management, and additional minor expenditures related to the process plant and other capital items.

Regional exploration in the Tapajos within the mining concession and surrounding claims is classified as non-sustaining and excluded from AISC. A budget of $9 million is planned for 2025 to test 23 targets within a 5km radius with the primary goal to identify additional deposits.

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To read the full news release, please click HERE

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G Mining Ventures (TSX: GMIN)

Announced that it has received an interim environmental permit from Guyana’s Environmental Protection Agency in response to its EIA and EIS  submissions made in November 2024 for the Corporation’s Oko West Gold Project.

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G Mining Ventures Receives Vital Permit for Oko West

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BROSSARD, QC, Jan. 7, 2025 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that it has received an interim environmental permit (the “Interim Environmental Permit” or “IEP“) from Guyana’s Environmental Protection Agency (“EPA“) in response to its Environmental Impact Assessment (“EIA“) and Environmental Impact Statement (“EIS“) submissions (jointly, “ESIA“) made in November 2024 for the Corporation’s Oko West Gold Project (“Oko West” or the “Project“).

The IEP is valid for one year and, together with the “No Objection” letter received from the Guyana Forestry Commission, GMIN has fulfilled the requirements to initiate early works construction activities.

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GMIN intends to advance the following early works activities in H1-2025:  

• Barge Landing facility
• Main access road and internal roads
• Airstrip
• Permanent camp facility
• Water and sewage treatment plants
• Power generation and communication tower

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Louis-Pierre Gignac, President & CEO commented,

“The approval of the Interim Environmental Permit represents an important step in reaching a construction decision for the Oko West Project.

“The receipt of this permit supports a collaborative engagement between  Guyana’s EPA, Forestry Commission and nearby communities in Region 7 ensuring alignment with GMIN’s mine development activities in country. 

 

“We are excited to have the opportunity to commence early works activities ahead of schedule and to grow the local team in preparation for the main construction phase.” 

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The public can access the Oko EIA and EIS submissions in the National Library, University Library, the Regional Democratic Council Region 7 office and on GMIN’s website (Oko West Gold Project page).  

Following a 60-day comment period, EPA review of the submission, disclosure meetings and publication of the final ESIA report, the EPA will reach a decision with respect to the granting of the final environmental permit for Oko West.

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Looking ahead, additional development catalysts at Oko West include:

• Commencement of early works (Q1-2025)
• Feasibility Study publication (Q2-2025)
• Full permit (Q2-2025)
• Formal construction decision (H2-2025)
• Continuation of detailed engineering (2025)
• Greenfield and brownfield exploration (2025)

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To read the full news release, please click HERE

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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.

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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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 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”).