Welcome to our dedicated page for G2 Goldfields news (Ticker: GUYGF), a resource for investors and traders seeking the latest updates and insights on G2 Goldfields stock.
G2 Goldfields Inc. reports developments tied to its gold exploration and development work in Guyana, led by the high-grade Oko Gold Project. Company news centers on drilling results, mineral resource updates, preliminary economic assessment work, NI 43-101 technical reporting, and project advancement across the Oko district.
Recurring updates also cover capital-structure disclosures, shareholder voting matters, governance items, material agreements, and operating and financial results. The company’s disclosures frequently connect exploration results and technical studies with the development profile of the Oko project and related gold targets in the Guiana Shield.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced a significant new gold discovery north of its OKO Project in Guyana. The discovery follows the company's recent mineral resource estimate update of 1.5 million ounces (Indicated) and 1.6 million ounces (Inferred) of gold announced on March 10th, 2025.
Initial drilling revealed promising results with four out of five diamond drill holes intercepting shallow gold mineralization along a 420m strike length. The mineralized intercepts are within 60m of surface and remain open in all directions. The discovery area, identified through stream sediment sampling in 2023-2024, covers a 1400m x 900m zone.
The company also announced an increase in funding for its planned G3 Goldfields spin-out, raising the cash component from C$10 million to C$15 million. The newly discovered gold zone falls within the proposed G3 spin-out portfolio properties.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced a significant increase in gold resources at its 83,967-acre Oko Project in Guyana. The updated Mineral Resource Estimate (MRE) as of March 1, 2025, shows:
- Total Indicated gold resources increased 60% to 1.5 million ounces at 3.40 g/t Au
- Total Inferred gold resources rose 49% to 1.6 million ounces at 2.48 g/t Au
- High-grade near-surface zones at Oko Main Zone (OMZ) contain 609,000 oz at 10.25 g/t Au (Indicated) and 360,000 oz at 7.28 g/t Au (Inferred)
The resource spans a 2.5 km north-south structure, comprising the high-grade OMZ to the north and the Ghanie Gold Zone to the south. The estimate incorporates data from 587 drill holes totaling 152,817 metres. The resource remains open to depth and along strike, with ongoing exploration activities including two active diamond drill rigs targeting high-grade plunging mineralization.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced two key appointments to strengthen its leadership team. Jacqueline Wagenaar joins as VP, Investor Relations, bringing 17 years of capital markets experience. She will lead the capital markets program and manage the upcoming spin-out of G3 Goldfields, expected in Q1 2025. Roopesh Sukhu has been promoted to VP, Business Development - Guyana, tasked with driving regional growth through land identification and acquisitions.
Wagenaar, a Certified Professional in Investor Relations, previously led successful IR programs at Solaris Resources and Guyana Goldfields. Sukhu, a Geological Engineer with over 15 years of experience, will oversee exploration activities and manage government relations in Guyana. The G3 Goldfields spin-out, recently approved by shareholders, will include G2's non-core assets through a plan of arrangement, pending final court and regulatory approvals.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has secured agreements to acquire two strategic property packages in Region 7, Guyana. The first property (5,457 acres) is adjacent to G2's current holdings in the OKO-AREMU district, featuring 4 km of strike length along the Bartica Batholith contact. The second property (20,739 acres) contains a 6 km strike length shear zone with significant gold potential, evidenced by surface gold nuggets and visible gold in quartz vein outcrop.
The Oko-Aremu area currently hosts gold resources exceeding 7.8 million ounces, with an updated mineral resource estimate expected in the coming weeks. The company continues aggressive drilling in high-grade mineralization corridors extending northward. Neither property has undergone modern exploration techniques, presenting significant exploration potential.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has announced the acquisition of two strategic property packages in Region 7, Guyana. The first property ('Property A') spans 5,457 acres adjacent to G2's current holdings in the OKO-AREMU district, featuring 4 km of strike length along the Bartica Batholith contact. The second acquisition ('Property B') encompasses 20,739 acres with a 6 km strike length shear zone, notable for surface gold nuggets and visible gold in quartz vein outcrop.
The Oko-Aremu area currently hosts gold resources exceeding 7.8 million ounces, with an updated mineral resource estimate expected in the coming weeks. The company continues drilling high-grade mineralization corridors northward. Neither property has undergone modern exploration techniques, presenting significant exploration potential. G2 is mobilizing resources to explore these newly acquired areas and plans to announce additional partnerships to strengthen its regional position.
G2 Goldfields (TSX:GTWO; OTCQX:GUYGF) announced the results of its annual general and special meeting, where shareholders approved both annual matters and the proposed spin-out of non-core assets into G3 Goldfields. The meeting saw participation representing 63.50% of total votes, with 152,211,687 shares voted.
All resolutions passed with strong majority support, including director elections, auditor appointment, and matters related to the spin-out arrangement. The plan to create G3 Goldfields through a plan of arrangement received 99.94% approval. The spin-out remains subject to final court approval, scheduled for January 30, 2025, and regulatory approvals including the Toronto Stock Exchange. The transaction is expected to complete in Q1 2025.
G2 Goldfields (TSX: GTWO; OTCQX: GUYGF) has filed an independent technical report for its newly acquired 32,906-acre New Aremu Project in Guyana. The company plans to spin out its greenfields assets into a wholly-owned subsidiary, G3 Goldfields, which will hold multiple properties including New Aremu, Aremu Mine, Amsterdam Option, Tiger Creek Option, and Peters Mine Property.
The technical report reveals gold mineralization in quartz veins and boulder trains, with samples from Aremu East yielding 9.9 g/t Au and 18.5 g/t Au. G2 has completed 2,862 auger samples and is advancing high-priority areas for drilling through geological mapping and trenching.
The company is also mobilizing to the Peters Mine Project, Guyana's first gold mine, which historically produced 42,000 ounces at grades of approximately 40 g/t Au between 1904-1909.