G2 Goldfields Inc. (TSX: GTWO; OTCQX: GUYGF) has released an independent technical report on its newly acquired New Aremu Project in Guyana, highlighting the project's potential for gold mineralization. The Company also announced an update on its ongoing greenfields exploration program and plans to spin-out certain non-core assets into a wholly owned subsidiary. G2 is actively exploring in the OKO-Aremu district, with promising results from auger sampling and geological mapping.
G2 Gold fields Inc. (TSX: GTWO; OTCQX: GUYGF) announced the filing of an independent technical report dated December 13, 2024, on the Company’s newly acquired 32,906-acre New Aremu Project in Guyana . The Report, ‘NI 43-101 Property of Merit Technical Report for the New Aremu Oko Gold Project, Guyana , South America’, is available on SEDAR+ (). G2 is pleased to provide an update on the Company’s ongoing greenfields exploration program across its entire exploration portfolio.
The Company intends to spin-out its interest in certain greenfields, non-core assets, into a wholly owned subsidiary of G2, G3 Goldfields Inc. (G3), through a plan of arrangement. The assets to be included in G3 are: the New Aremu Project (including the historic Wariri Mine), Cuyuni District, Guyana (32,340 acres); the Amsterdam Option, Cuyuni District, Guyana (7,148 acres); and The Peters Mine Property, Puruni District, Guyana (8,316 acres).The independent Technical Report describes the geology of the New Aremu project as follows: “… The bedrock in the region is underlain by metavolcanics and metasediments of the late Proterozoic Cuyuni Formation, including sandstones, conglomerates and volcanics, intruded by several granitoid plutons. The Lower Aremu and East Aremu properties are bounded by the Aremu batholith to the west and the Bartica intrusive complex to the east. The Upper Aremu properties are bounded by the Aremu Batholith to the east.” “Large boulders of quartz interpreted as floats from nearby quartz reefs have been confirmed on both the Upper Aremu and Lower Aremu groups of properties. At the Upper Aremu properties quartz boulders up to 5 metres in diameter were observed as sub-crops along a 100-metre trend. The quartz boulders had a distinct laminated texture and were trending in a general north – south direction parallel to a nearby in-situ vein within a felsic intrusive saprolite that is likely the Aremu batholith.” “Additionally, from a third area at the Aremu East group of properties a quartz vein varying between 5 cm to 40 cm hosted by the Aremu batholith was investigated (Figure 7.12). Two grab samples taken on this structure assayed 9.9 g/t Au and 18.5 g/t Au.”‘NI 43-101 Property of Merit Technical Report or the New Aremu Oko Gold Project, Guyana, South America’, 2024, ss. 7.2.1.2 & 7.2.3, pp.40 – 44G2 is currently executing a full-sequence exploration campaign on its greenfields portfolio in the OKO-Aremu district. To date, the Company has completed 2,862 auger samples for which assays have been received. The Company is currently advancing several high-priority areas for drilling through detailed geological mapping and mechanical trenching.G2 also wishes to announce that it is mobilising geologists and field crews to its 100% owned Peters Mine Project, Puruni Region, Guyana. The Peters Mine (1904-1909) was Guyana’s first gold mine and produced approximately 42,000 ounces at head grades of approximately 40 g/t Au. Significantly, all the production came from workings within 100m of surface. In the late 1990s, drilling by Guyana Goldfields intersected significant mineralisation below the old mine workings. Additionally, local artisanal miners have exploited several areas along strike from the main workings, suggesting there remains considerable exploration potential. Dan Noone, G2 CEO, stated, “We are excited about the gold-in-soil anomalies we discovered late last year in the OKO district, and look forward to drilling several high priority areas in the coming weeks. We also feel the Puruni District holds similar potential to what has been discovered to date in the OKO-Aremu District.” The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana’s largest gold mine
GOLD EXPLORATION GUYANA NEW AREMU PROJECT G2 GOLDFIELDS INC
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