SIGNIFICANT EVIDENCE OF GOLD MINERALIZATION
In Guyana we own a 100 percent interest in two unexplored, high grade , past producing gold mines. We will be leveraging our 25 years of in country experience to build the best exploration company in the country. Additionally, in Ontario, Canada we control the province’s last major unexplored greenstone belt which has already been proven to host high grade gold. Aggressive exploration campaigns are planned for both jurisdictions as we continue to evaluate additional properties throughout the Americas. Our goal is to build the best gold exploration company in the Americas.
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Aremu / Oko District: Guyana
THE AREMU / OKO GOLD PROJECT
“Looking For >5M Ounce Gold Deposits”
“The OKO concessions are the current focus of G2 Goldfields exploration activities in Guyana. OKO has six historical artisanal shafts (+/- 50 m) in the saprolite horizon and numerous alluvial pits over a 1.1 km strike open in all directions. 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, VP Exploration
The OKO concessions are the current focus of G2 Goldfields exploration activities in Guyana. OKO has six historical artisanal shafts (+/- 50 m) in the saprolite horizon and numerous alluvial pits over a 1.1 km strike open in all directions.
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 over a 750 m strike length with current drilling attempting to expand the strike limits of mineralization beyond 1.1 km. Drilling has focused only on the OKO deformation zone (ODZ).
“Over the 1.1km length of the Oko Deformaton Zone (ODZ), gold mineralisation is encountered as high-grade NNE trending veins and as disseminated mineralization within the tightly folded carbonaceous shales.
Results confirm that along the ODZ, gold mineralisation penetrates into the carbonaceous shales where the high-grade NE trending veins intersect the axial plane of the folding at an oblique angle. This generates wide, elongated, lozenge shaped bodies of disseminated mineralization within the carbonaceous shales which are the principal target of the next phase of drilling.”
– Dan Noone, VP Exploration
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 as identified in Figure 1.
A total of ninety-seven grab samples were also collected from the AREMU NORTH district with values ranging from nil to 51 g/t Au, G2 geologists are currently designing a drill program for this area for Q1 2020.
Approximately 3 km south of the historic mine area results of 560 soil samples has outlined a 3 km long, east west trending + 100 ppb Au soil anomaly.
Grab samples (15) and Channel samples (81) have assayed between nil and 1.43 g/t Au (Grab) and 9.2 g/t Au (1 metre channel). Further surface work in this area is required to more fully define exact drill target locations.
Puruni District: Guyana
“Guyana’s First Gold Mine 1905”
- Prior to the construction and opening of the Omai Mine in 1993, the Peters Mine was the most developed and highest grade deposit in Guyana.
- Produced over 40,000 ounces of gold between 1905 and 1909, with +1 oz/t Headgrade.
- The property was developed to a depth of 300 ft, with the majority of production above the 200 ft level.
- Geological mapping, sampling and diamond drilling in the mid 1960’s was conducted at the Peters Mine property by the Geological Survey of Guyana, sponsored and funded by the USGS and United Nations. Importantly, three of the four drill holes at Peters Mine site intersected quartz veins and stringers, all containing visible gold at horizons below historical mine workings.
- In the late 1990’s Guyana Goldfields acquired the project and conducted limited drill programs, both as the Operator and the Optionor to WSR Gold; these work programs were concentrated in the Main Shaft (MS) area and returned some significant intersections.
“The Jubilee Project is a highly prospective zone of gold mineralisation, hosted within an intrusive body on the margin of the Cuyuni Basin.”
-Dan Noone, VP Exploration
G2 Goldfields has an option to earn 100% interest in this property.
Despite a long history of production dating back to at least 1907, the property has never been drilled.
Historical workings include a vertical shaft, two open pits and numerous adits spread out over 1000 feet.
Historic sampling of surface material has returned values from trace to 9.3 oz/ton Au.
Surface sampling results were recorded prior to NI 43-101 implementation and have not been independently confirmed.
G2 Goldfields is pleased to be partnering with local miners to explore the district and unlock value for stakeholders.
The Company is planning a full-sequence exploration program which will be launched in Q1 of 2020.
Sandy Lake District: Canada
THE SANDY LAKE GOLD PROJECT
“One of Ontario’s Last Unexplored Greenstone Belts”
- The project consists of approximately 51,000 hectares contiguous units along a 60 km E-W strike length of the Sandy Lake Greenstone Belt (SLGB)
- The project is 230 km north of Red Lake, Ontario; located within the traditional territories of the Oji-Cree First Nation Communities of Keewaywin and Sandy Lake
- The Company’s current geological interpretive modelling is analogous to the BIF deposit at the Goldcorp Musselwhite Mine located 200 km to the SW
- Huge upside potential – widespread gold mineralization