G2 Goldfields Drilling Continues to Expand High-Grade Gold Resource at OKO

The news release dated January 6, 2026, reports continued drilling success at the Oko Project in Guyana following the delivery of the maiden Preliminary Economic Assessment (PEA) in December 2025. Key highlights include 16 diamond drill holes totaling 5,997 meters. Notable intercepts include hole GDD258 (2.7m @ 39.3 g/t Au) and GDD256A, which represents the deepest intercept to date at the Ghanie deposit (50.0m @ 2.4 g/t Au). The drilling confirms that mineralization remains open at depth and along strike, specifically south of existing pit shells. The company maintains five active drill rigs.

The impact of this specific news is Routine - Positive. While the drill results are strong—particularly the depth extension at Ghanie—they serve to confirm the "open at depth" thesis already established in previous releases. - Resource Growth: The results suggest that the 3.2 Moz Life of Mine (LOM) production estimate in the December 2025 PEA likely represents a floor. However, these results are not yet integrated into a formal Resource Update or Feasibility Study. - Operational Consistency: The transition from the PEA (economic modeling) back to aggressive expansion (drilling) shows management is not slowing down to wait for financing, but the news does not provide a "game-changing" new discovery; rather, it expands known zones. - Economic Context: The PEA established an AISC of $1,191/oz. High-grade intercepts like GDD258 help maintain the high-grade profile necessary to justify the $664M initial capital expenditure required.

G2 Goldfields is focused on the Oko-Aremu district in Guyana. Its flagship project, the Oko Project, contains a global resource of approximately 3.1 Moz gold. The project is divided into the Oko Main Zone (high-grade underground potential) and the Ghanie Zone (open pit and underground). The December 2025 PEA outlines a 14-year mine life producing an average of 281,000 ounces annually during the peak years (2-11).