Saturday, November 26

G2 Goldfields Announces Grant of Options


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TORONTO, Nov. 24, 2022 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company“) (TSXV:GTWO; OTCQX: GUYGF) announces that it has granted an aggregate of 750,000 options to certain directors and an officer of the Company with such options being exercisable at a price of $0.75 per share until November 23, 2025 and vesting 18 months from the date of grant.

The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

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The G2 Goldfields team is comprised of professionals who have been directly responsible for the discovery of millions of ounces of gold in Guyana as well as the financing and development of the Aurora Gold Mine, Guyana’s largest gold mine. G2 recently announced its maiden source immate on the newly discovered Oko property in Guyana (see press release dated April 25, 2022), and has recently filed on SEDAR an independent technical report entitled “NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold Property, Cooperative Republic of Guyana, South America”, with an effective date of April 14, 2022.

Highlights of the report include:

  • 974,000 oz. Au – Inferred Mineral Resource contained within 3,274,000 tons @ 9.25 g/t Au; and
  • 220,000 oz. Au – Indicated Mineral Resource contained within 793,000 tons @ 8.63 g/t Au.

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Significantly, all of the maiden mineral resources lie within 350 meters of surface and remain open down plunge. The Oko district has been a prolific alluvial goldfield since its initial discovery in the 1870’s, and modern exploration techniques continue to reveal the considerable potential .

G2 currently has three drills operating and is awaiting assays on twenty-eight holes.

For further information please contact:
Dan Noone
CEO
+1.416.628.5904
Email: [email protected]

Forward-Looking Statements

this
news
release
contains
certain
forward-looking
information
and
statements
within
the meaning
of
applicable
securities
laws.
The
use
of
any
of
the
words
“expect”,
“anticipate”, “continue”,
“estimate”,
“may”,
“might”,
“will”,
“project”,
“should”,
“believe”,
“plans”, “intends” and similar expressions are intended to identify forward-looking information and/or
statements.
Forward-looking
statements
and/or
information
are
based on
on
a
number of material factors, expectations and/or assumptions of G2 Goldfields which have been used to
develop
such
statements
and/or
information,
but
which
may
prove
to
be
incorrect.

Although
G2
Goldfields
believe
that
the
expectations
reflected
in
such
forward-looking statements
and/or
information
are
reasonable,
undue
reliance
should
not
be
placed
on forward-looking statements as G2 Goldfields can give no assurance that such expectations will
prove
to
be
correct.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in
the
policies
of
the
TSX
venture
exchange)
accepts
responsibility
for
the
adequacy or accuracy of this release.



financialpost.com

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