District-Scale Property Situated within the Highly Prospective Guiana Shield
Orogenic high-grade system with approximately 17 kilometres of anomalous soils.
“The Oko Aremu gold district is located in the south eastern extremity of the Cuyuni basin that also hosts the Aurora Gold Mine operated by Guyana Goldfields. The style of mineralization is a subset of the Orogenic Gold style that is associated with Carbonaceous Sediments. Examples of this style of mineralization are the giant Bendigo (Victoria), northern Carlin Trend (Nevada) and Sukhoi Log (Siberia) districts. As in the aforementioned districts, gold mineralization at Aremu / Oko, is hosted in structural sites such as fold hinges, shears and breccias within or adjacent to Carbonaceous Sediments. The aerial extent of outcropping gold mineralization (15km by 6km) presents a district scale target.”
-Dan Noone, CEO
The Oko Aremu District is accessed by a combination of boat and truck, using rivers and logging roads from the town of Bartica and the Itaballi crossing on the Essequibo River. G2 Goldfields has the capacity to rapidly mobilize equipment and having company-owned equipment offers a strategic advantage in the interior. The Company maintains a strong working relationship with local contractors and drill operators. In addition, the tropical climate offers the opportunity for year-round exploration.
63 Drill Holes completed for over 13,971 metres
- Significant high-grade intercepts
- Mineralization in all drill holes
- Abundant visible gold
Drilling at Oko has outlined gold mineralization in excess of 1.2 kilometer strike length and to vertical depths of up to 350 m.
This is the first modern exploration program of sampling, geophysics and diamond drilling that has been conducted at the OKO property. Drill results to date have indicated significant and widespread gold mineralization. OKO has six historical artisanal shafts (+/- 50 m) in the saprolite horizon and numerous alluvial pits over a 1.7 km strike open in all directions.
Drilling has demonstrated that within the Oko mine area high-grade gold mineralization is hosted in (i) shallow north plunging hinge zones, and (ii) in steeply dipping limbs of tightly folded carbonaceous sediments.
Additional geological modelling is currently being completed with additional drilling planned at Oko for Q4 and Q1 2021.
South of, and adjacent to, the main Oko Deformation Zone (ODZ), a recently optioned property was subject to initial geological mapping and reconnaissance diamond drilling. Mineralization south of the main Oko zone appears to be comprised of steeply south-east plunging shoots.
Trenching 2 km WNW of Oko has encountered significant mineralization with trench TTR2 intersecting 4.8 g/t Au over 16 m.
G2 is actively exploring several gold-in-soil anomalies located west and north west of the Oko Main Zone. To date, the Company has completed 6 trenches totalling 1057 metres. Trenching 2 km WNW of Oko has encountered significant mineralization with trench TTR2 intersecting 4.8 g/t Au over 16 m.
Complete trench results are available at the following link https://g2goldfields.com/wp-content/uploads/2020/09/September16_TrenchResults.pdf.
“Mineralization encountered at NW Oko highlights the potential for large, disseminated, low-grade deposits to be hosted alongside, or intersected by, high-grade vein systems within the Oko–Aremu Gold District”.
-Dan Noone, CEO
Aremu Mine Area
Current major target: 20 auriferous veins
The Aremu Mine Area includes the site of the original Aremu Mine which operated between 1909 — 1911, producing 6,488 oz. from 14,632 tons of processed rock. Company geologists have collected 696 soil samples, 97 grab samples and 385 channel samples in this district. Additionally, G2 technical staff have mapped a total of eleven significant quartz vein structures in the district.
A total of ninety-seven grab samples were collected from the Aremu Mine Area with values ranging from nil to 51 g/t Au.
The Aremu Mine District is located 1 km NW of Tracy. Drilling has commenced at Aremu with initial drill targets including the historic Aremu, Donicker, Scotland, Powerhouse, and Lunch Veins. G2 expects to drill at least 20 holes totalling approximately 5000 metres over the coming months.
2.5 km Soil Anomaly
The Tracy District lies approximately 10 km NW of Oko. The result of 560 soil samples have outlined a 2.5 km long, east west trending + 100 ppb Au soil anomaly. G2 has completed 6 trenches totalling 608 metres.
“Initial trenching at Tracy has exposed high grade gold mineralisation in deformed carbonaceous mudstones and siltstones within broader zones of hydrothermal alteration, similar to what we see at the Oko Main Zone.”
-Boaz Wade, V.P. Exploration