Northwire Canada EditionWednesday, August 19, 2026
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DCOP 0.070 −6.7% HMR 0.490 +2.1% LITH 0.440 +2.3% MKA 0.770 +2.7% NGC 0.120 +0.0% JUGR 1.29 +1.2% SAGA 0.465 −5.1% B 0.520 −7.1% QGR 0.165 −2.9% ALTA 0.165 −2.9% OMG 2.98 −2.3% NTX 0.110 +0.0% QCX 0.250 +0.0% KLDC 0.280 −9.7% GLAD 2.74 −5.2% INTR 0.805 −5.3% DCOP 0.070 −6.7% HMR 0.490 +2.1% LITH 0.440 +2.3% MKA 0.770 +2.7% NGC 0.120 +0.0% JUGR 1.29 +1.2% SAGA 0.465 −5.1% B 0.520 −7.1% QGR 0.165 −2.9% ALTA 0.165 −2.9% OMG 2.98 −2.3% NTX 0.110 +0.0% QCX 0.250 +0.0% KLDC 0.280 −9.7% GLAD 2.74 −5.2% INTR 0.805 −5.3%
Resource Estimate

G2 Drilling Significantly Expands New Oko Discovery

By The Northwire Desk — AI Analysis Sep 08, 2025 · 06:00 GTWO · 3.31 G2 Goldfields Inc.
GTWO · Price

Executive Summary

  • G2 Goldfields released assay results from 49 drill holes (AMD 51‑99) in the New Oko Discovery area, extending gold mineralisation down‑plunge to ~350 m depth.
  • Significant intercepts include multiple >40 m zones grading ≥1 g/t Au and high‑grade near‑surface shoots such as 49.5 m @ 4.2 g/t Au (AMD87) and 7.5 m @ 13.8 g/t Au (AMD97).
  • An updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) are expected in Q4 2025, with the company indicating that the new data will support a multi‑open‑pit and underground mine concept.

Key Details

  • Drill Program Scope: 108 holes totalling 20,423 m completed to date; this release covers results for 49 holes (AMD 51‑99).
  • Expansion Drill Highlights (down‑plunge):
  • AMD54A – 49.0 m @ 1.3 g/t Au (202–251 m) – DH width 63.2 m.
  • AMD56 – 52.0 m @ 1.1 g/t Au (274–326 m) – DH width 58.7 m.
  • AMD58 – 46.5 m @ 1.0 g/t Au (257–303.5 m) – DH width 46.7 m.
  • AMD68 – 46.6 m @ 0.8 g/t Au (303.5–350.1 m) – DH width 35.2 m; additional shallow intercepts at 365‑368 m.
  • AMD71 – 37.4 m @ 1.3 g/t Au (322.6–360 m) – DH width 47.5 m.

  • AMD94 – 41.2 m @ 1.7 g/t Au (218.9‑260 m) – DH width 68.3 m.

  • Infill Drill Highlights (near‑surface, high‑grade):

  • AMD78 – 37.0 m @ 3.2 g/t Au (117.1‑154 m) – DH width 117.7 m; additional 3.8 m @ 26.7 g/t Au.
  • AMD87 – 49.5 m @ 4.2 g/t Au (19.5‑69 m) – DH width 207.6 m; includes 9.0 m @ 18.7 g/t Au.

  • AMD97 – 7.5 m @ 13.8 g/t Au (13.5‑21 m) – DH width 103.3 m; additional 21.5 m @ 0.7 g/t Au deeper down‑hole.

  • True Width Estimates: Reported intercepts are down‑hole widths; true widths estimated at 68‑93 % of reported values.

  • Resource Context: The New Oko Discovery lies ~10 km north of the existing Oko‑Ghanie Deposit (1.5 M oz indicated @ 3.40 g/t Au, 1.6 M oz inferred @ 2.48 g/t Au).

  • Future Deliverables:

  • Updated MRE and PEA slated for Q4 2025.

  • Management expects the data to underpin a “multi‑open pit operation combined with a high‑grade underground mine” targeting ~776,600 oz indicated @ 8.85 g/t Au (OMZ) plus inferred resources.

  • Management Comments:

  • CEO Dan Noone expressed confidence that expanded near‑surface, open‑pittable zones will be reflected in the upcoming MRE and PEA.

  • Executive Chairman Patrick Sheridan highlighted the forthcoming economic parameters for a combined pit/underground operation.

  • QA/QC: Core logged, sampled, and assayed by accredited MSALABS Guyana; no QA/QC issues noted.

Notable Quotes

“We are very encouraged by the ongoing progress at the project, especially the expansion of near‑surface, open‑pittable gold zones that will be reflected in the updated Mineral Resource Estimate (MRE) scheduled for Q4 2025.” – Dan Noone, CEO

“The next three months will be a pivotal time for our shareholders as we deliver the initial economic parameters for a multi‑open pit operation combined with a high‑grade underground mine at our Oko Main Zone.” – Patrick Sheridan, Executive Chairman

Read the original news release →

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