G2 Goldfields Receives Notice of Grant of Large Scale Prospecting Licenses of the Oko Gold Project
G2 Goldfields (OTCQX: GUYGF) has secured two Large Scale Prospecting Licenses for its Oko-Ghanie Gold Deposit in Guyana. The licenses cover approximately 17,451 acres and replace 11 previous medium-scale mining permits. The project currently holds 1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au.
The licenses have a three-year term with two one-year renewal options, providing exclusive exploration rights. The company has completed environmental baseline studies and is preparing for an Environmental Social Impact Assessment. An updated Mineral Resource Estimate and Preliminary Economic Assessment are expected in Q4 2025.
G2 Goldfields (OTCQX: GUYGF) ha ottenuto due licenze di prospezione su larga scala per il deposito aurifero Oko-Ghanie in Guyana. Le licenze coprono circa 17.451 acri e sostituiscono 11 permessi di estrazione su scala media. Il progetto dispone attualmente di 1,5 milioni di once indicated a 3,40 g/t Au e 1,6 milioni di once inferred a 2,48 g/t Au.
Le licenze hanno una durata di tre anni con due opzioni di rinnovo di un anno ciascuna, garantendo diritti esclusivi di esplorazione. La societ脿 ha completato studi ambientali di base e si sta preparando per una Valutazione di Impatto Ambientale e Sociale. Una stima aggiornata delle risorse minerarie e una Valutazione Economica Preliminare sono previste per il Q4 2025.
G2 Goldfields (OTCQX: GUYGF) ha asegurado dos licencias de prospecci贸n a gran escala para el dep贸sito aur铆fero Oko-Ghanie en Guyana. Las licencias abarcan aproximadamente 17.451 acres y reemplazan 11 permisos de explotaci贸n de escala media. El proyecto cuenta actualmente con 1,5 millones de onzas indicadas a 3,40 g/t Au y 1,6 millones de onzas inferidas a 2,48 g/t Au.
Las licencias tienen un plazo de tres a帽os con dos opciones de renovaci贸n de un a帽o, otorgando derechos exclusivos de exploraci贸n. La compa帽铆a ha completado estudios ambientales de referencia y se prepara para una Evaluaci贸n de Impacto Social y Ambiental. Se espera una estimaci贸n actualizada de recursos minerales y una Evaluaci贸n Econ贸mica Preliminar en el Q4 2025.
G2 Goldfields (OTCQX: GUYGF)臧� 臧�鞚挫晞雮橃潣 Oko-Ghanie 旮� 甏戩儊鞐� 雽�頃� 雽�攴滊 韮愳偓 項堦皜 2瓯挫潉 頇曤炒頄堨姷雼堧嫟. 頃措嫻 项堦皜电� 鞎� 17,451鞐愳澊旎�毳� 韽磩頃橂┌ 旮办〈鞚� 欷戧皠 攴滊 毂勱荡 項堦皜 11瓯挫潉 雽�觳错暕雼堧嫟. 鞚� 頂勲鞝濏姼電� 順勳灛 響滌 3.40 g/t Au鞐愳劀 150毵� 鞓姢(indicated)鞕� 2.48 g/t Au鞐愳劀 160毵� 鞓姢(inferred)鞚� 鞛愳洂鞚� 氤挫湢頃橁碃 鞛堨姷雼堧嫟.
项堦皜电� 3云� 鞙犿毃旮瓣皠鞐� 1雲勳敥 鞐办灔 臧�電ロ暅 鞓奠厴 2須岆ゼ 韽暔頃� 氚绊儉鞝侅澑 韮愳偓 甓岆Μ毳� 鞝滉车頃╇媹雼�. 須岇偓電� 頇橁步 旮办磮臁办偓毳� 鞕勲頄堨溂氅� 頇橁步路靷殞 鞓來枼韽夑皜(ESIA) 欷�牍勲ゼ 歆勴枆 欷戩瀰雼堧嫟. 臧膘嫚霅� 甏戨鞛愳洂於旍爼 氚� 鞓堧箘瓴届牅靹表弶臧�電� 2025雲� 4攵勱赴(Q4 2025)鞐� 鞓堨爼霅橃柎 鞛堨姷雼堧嫟.
G2 Goldfields (OTCQX: GUYGF) a obtenu deux licences de prospection 脿 grande 茅chelle pour le gisement aurif猫re Oko-Ghanie en Guyana. Les licences couvrent environ 17 451 acres et remplacent 11 permis d'exploitation de taille moyenne. Le projet d茅tient actuellement 1,5 million d'onces indiqu茅es 脿 3,40 g/t Au et 1,6 million d'onces inf茅r茅es 脿 2,48 g/t Au.
Les licences ont une dur茅e de trois ans avec deux options de renouvellement d'un an, offrant des droits exclusifs d'exploration. La soci茅t茅 a men茅 les 茅tudes environnementales de base et se pr茅pare 脿 une 茅valuation des impacts environnementaux et sociaux. Une estimation mise 脿 jour des ressources min茅rales et une 茅tude 茅conomique pr茅liminaire sont pr茅vues pour le Q4 2025.
G2 Goldfields (OTCQX: GUYGF) hat zwei gro脽fl盲chige Prospektionslizenzen f眉r die Oko-Ghanie-Goldlagerst盲tte in Guyana erhalten. Die Lizenzen decken rund 17.451 Acres ab und ersetzen 11 fr眉here mittelgro脽e Bergbaulizenzen. Das Projekt weist derzeit 1,5 Millionen Unzen indicated bei 3,40 g/t Au und 1,6 Millionen Unzen inferred bei 2,48 g/t Au auf.
Die Lizenzen haben eine Laufzeit von drei Jahren mit zwei einj盲hrigen Verl盲ngerungsoptionen und gew盲hren exklusive Explorationsrechte. Das Unternehmen hat Umwelt-Basisstudien abgeschlossen und bereitet eine Umwelt- und Sozialvertr盲glichkeitspr眉fung vor. Eine aktualisierte Sch盲tzung der Mineralressourcen und eine vorl盲ufige Wirtschaftlichkeitsstudie werden f眉r Q4 2025 erwartet.
- Secured Large Scale Prospecting Licenses for Oko-Ghanie Gold Deposit
- Project contains significant high-grade gold resources of 1.5M oz indicated and 1.6M oz inferred
- Project area does not overlap with protected or Indigenous lands
- Located in Guyana, ranked as a top 10 global jurisdiction for mining investment
- None.
- Updated Mineral Resource Estimate (MRE) and Preliminary Economic Assessment (PEA) anticipated in Q4 2025
- G2 moves to rapidly advance multi-million ounce Oko Gold Project to production
TORONTO, Aug. 28, 2025 (GLOBE NEWSWIRE) -- G2 Goldfields Inc.聽(鈥�G2鈥� or the 鈥�Company鈥�) (TSX: GTWO; OTCQX: GUYGF)聽is pleased to announce that the Ministry of Natural Resources and Guyana Geology and Mines Commission have approved the issuance of two Large Scale Prospecting Licenses (鈥淧L鈥檚鈥�) which encompass the Company鈥檚 high-grade Oko-Ghanie Gold Deposit (鈥淥ko鈥� or the 鈥淧roject鈥�) in Guyana.
Dan Noone, CEO, commented: 鈥淪ecuring the Prospecting Licenses for our flagship Oko-Ghanie Deposit is a significant milestone in the advancement of the Project and underscores our strong working relationship with the Government of Guyana. This approval provides a clear pathway to advance exploration and development of this world-class gold system. With this license in hand, we are well positioned to unlock the full potential of this highly prospective gold district and rapidly drive the advancement of this Project.鈥�
Patrick Sheridan, Executive Chairman, stated: 鈥淕uyana was recently recognized as a top ten jurisdiction globally for mining investment鹿. This milestone is a testament to both the prolific prospectivity of the Guiana Shield and the Government of Guyana鈥檚 strong support for the rapidly advancing gold mining industry, and foreign investment development in general. The Oko Gold Project is the second multi-million ounce gold mine that our group has discovered and developed in Guyana in the last twenty years, and we remain excited to continue to be a supportive partner in the development of the industry.鈥�
The Large Scale PL鈥檚 encompass the Oko and Ghanie Deposits (1.5 million ounces indicated at 3.40 g/t Au and 1.6 million ounces inferred at 2.48 g/t Au) with a combined area of approximately 17,451 acres and replace 11 separate medium-scale mining permits previously held in the name of Guyanese entrepreneurs through option agreements. The PL鈥檚 have a three-year term with two renewal rights for one year each and provides for the right of occupation and exclusive right to explore for gold and precious minerals.
Over the last two years, comprehensive environmental baseline studies have been conducted by G2 via third party consultants. These studies were designed to recommend actions for effective Project design, regulatory compliance and to support the preparation of an Environmental Social Impact Assessment ("ESIA"). Importantly, the Project area is not designated as a priority conservation site and does not overlap with any protected or Indigenous lands.
Endnotes
- Source: Fraser Institute Annual Survey of Mining Companies, 2024
About G2 Goldfields Inc.
G2 Goldfields finds and develops gold deposits in Guyana. The founders and principals of the Company have been directly responsible for the discovery of more than 10 million ounces of gold in the prolific and underexplored Guiana Shield. G2 continues this legacy of exploration excellence and success.
In March 2025, G2 announced an Updated Mineral Resource Estimate (鈥�MRE鈥�) for the Oko property in Guyana [see press release dated March 10, 2025]. Highlights of the Updated MRE include:
Total combined open pit and underground Resource for the Oko Main Zone (OMZ):
- 513,500 oz. Au 鈥� Inferred contained within 3,473,000 tonnes @ 4.60 g/t Au
- 808,000 oz. Au 鈥� Indicated contained within 3,147,000 tonnes @ 7.98 g/t Au
Total combined open pit and underground Resource for the聽Ghanie Zone:
- 1,024,500 oz. Au 鈥� Inferred contained within 12,062,000 tonnes @ 2.64 g/t Au
- 663,400 oz. Au 鈥� Indicated contained within 10,288,000 tonnes @ 2.01 g/t Au
Total open pit Resource for the聽Oko NW Zone:
- 97,200 oz. Au 鈥� Inferred contained within 4,976,000 tonnes @ 0.61 g/t Au
The MRE was prepared by Micon International Limited with an effective date of March 1, 2025. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870s, and modern exploration techniques continue to reveal the considerable potential of the district.
All scientific and technical information in this news release has been reviewed and approved by Dan Noone (CEO of G2 Goldfields Inc.), a 鈥渜ualified person鈥� within the meaning of National Instrument 43-101. Mr. Noone (B.Sc. Geology, MBA) is a Fellow of the Australian Institute of Geoscientists.
Additional information about the Company is available on SEDAR+ () and the Company's website ().
On behalf of the Board of G2 Goldfields Inc.
鈥淒aniel Noone鈥�
CEO & Director
For Further Information
Jacqueline Wagenaar, VP Investor Relations
Direct: +1.416.628.5904 x.1150
Email:
Forward-Looking Statements
This news release contains certain forward-looking statements, including, but not limited to, statements about plans to advance to production, the mineralization and mineral resource estimates in respect of the Company鈥檚 properties, an updated MRE and PEA and the anticipated timing thereof, PL terms and renewal rights, and plans to support the preparation of a future ESIA. Wherever possible, words such as 鈥渕ay鈥�, 鈥渨ill鈥�, 鈥渟hould鈥�, 鈥渃ould鈥�, 鈥渆xpect鈥�, 鈥減lan鈥�, 鈥渋ntend鈥�, 鈥渟chedule鈥�, 鈥渁nticipate鈥�, 鈥渂elieve鈥�, 鈥渆stimate鈥�, 鈥減redict鈥� or 鈥減otential鈥� or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management鈥檚 current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements, including the risk factors set out in the annual information form of the Company for the year ended May 31, 2024.聽These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
FAQ
What are the gold resources at G2 Goldfields' Oko-Ghanie Gold Deposit?
What type of licenses did G2 Goldfields receive for the Oko Gold Project?
When will G2 Goldfields release the updated Mineral Resource Estimate for Oko?
What is the duration of G2 Goldfields' new prospecting licenses in Guyana?
Are there any environmental or Indigenous land conflicts with G2 Goldfields' Oko Project?
