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 mineral-ization (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.
Following a recently announced $5 Million financing, the proposed project pipeline is as follows:
- Aggressive summer drill program, 10,000 meters targeted at expanding Oko
- Commencing initial drilling at Tracy & Aremu Mine areas in August and September, focussing on a range of targets
- Mapping & sampling along 17 km Oko–Aremu District
63 Drill Holes completed for over 13,971 metres
The OKO concessions are the current focus of G2 Goldfields exploration activities in Guyana. 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.
Two rigs are currently drilling 24/7 on the ODZ. One rig is committed to exploring the ODZ at depth whilst the second is focused on expanding the strike length of mineralization.
- Significant high-grade intercepts
- Mineralization in all drill holes
- Abundant visible gold
- Drilling continues
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.
Aremu Mine Area
Next 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 also collected from the Aremu Mine Area with values ranging from nil to 51 g/t Au.
2.5 km Soil Anomaly
Approximately 2.5 km south of the historic Aremu Mine Area, the result of 560 soil samples have outlined a 2.5 km long, east west trending + 100 ppb Au soil anomaly.