G2 Goldfields Inc., a Toronto-based mining company, has released a new set of promising assay results from its ongoing diamond drilling campaign at the OKO Project in Guyana. The latest data, from 16 drill holes totaling nearly 6,000 metres, indicates significant expansion of high-grade gold mineralization both near the surface and at depth, bolstering the project's economic potential.
Exceptional Drill Results Highlight Resource Growth
The company reported several standout intercepts from the drilling program focused on the Border and Ghanie zones. One of the most notable results came from hole GDD258, which intersected an exceptionally high-grade zone of 39.3 grams per tonne (g/t) of gold over 2.7 metres. Another significant intercept, from hole GDD256A, showed 4.0 g/t Au over 23.5 metres, contained within a broader zone of 2.4 g/t Au over 50 metres.
These results successfully extended known mineralization both south of existing open-pit designs and down-plunge of the current resource model. Hole GDD247 intercepted near-surface gold, returning 2.1 g/t Au over 30.0 metres starting at 58.5 metres downhole. Deeper exploration also paid off, with hole GDD260 hitting 5.5 g/t Au over 5.0 metres at a depth of over 530 metres.
Project Economics and Forward Momentum
These new findings build upon the positive outlook established in the Preliminary Economic Assessment (PEA) released in December 2025. That study, conducted by an independent party, outlined a combined open-pit and underground operation with a projected 14-year mine life. Total gold production is estimated at 3.2 million ounces, with an all-in sustaining cost (AISC) of US$1,191 per ounce. Annual production is forecast to peak at approximately 298,000 ounces during years three through ten of operation.
The company has committed substantial resources to continue this momentum, initiating a major drill program with five rigs currently dedicated to expanding the known gold zones. Furthermore, greenfields exploration is ongoing in new target areas, with assays from those efforts still pending.
Significance for Guyana and Shareholders
The development of the OKO Project is positioned to be a major economic contributor to Guyana. The PEA anticipates significant contributions through royalties, taxes, and the creation of employment opportunities. For G2 Goldfields and its investors, the consistent delivery of high-grade intercepts outside the current resource shell de-risks the project and points to potential resource growth, which could enhance the project's net present value and attract further investment.
The company's shares trade on the TSX under the symbol GTWO and on the OTCQX under GUYGF. The ongoing drill results, like those announced on January 6, 2026, are critical for informing an updated resource estimate and future feasibility studies, marking important steps toward bringing the OKO gold project into production.
