# G2 Goldfields (TSXV:GTWO)

> G2 Goldfields finds and develops gold deposits in Guyana, with founders responsible for the discovery of over 11 million ounces of gold in the Guiana Shield.

## About

G2 Goldfields finds and develops gold deposits in Guyana, with founders responsible for the discovery of over 11 million ounces of gold in the Guiana Shield. The company is focused on ongoing exploration in the Aremu – Oko trend, revealing exceptional potential with multiple new discoveries.

## Key facts

- **Cash position:** $55 M
- **Shares outstanding:** 258,234,024
- **Fully diluted shares:** 279,502,724
- **Warrants:** 679,662
- **Options:** 1,312,500
- **Mineral resource:** The Oko project area is located in the Cuyuni greenstone belt, which is part of the Baram-Mazaruni Supergroup (2,200-2,100 Ma) and the highly underexplored Guiana Shield. The property is host to high grade orogenic gold mineralization within the Cuyuni Basin Sediments and the underlying Barama volcanics. To date, mineralization is found within fold hinges, parallel shear zones, and breccias along lithological contacts within a sequence of metamorphosed carbonaceous sediments and volcanics. The updated Mineral Resource Estimate totals 1.6 million ounces of gold (Indicated) and 1.9 million ounces of gold (Inferred) from five deposits: Oko Main Zone (“OMZ”), Ghanie, Northwest Oko (“Oko NW”), North Oko (“Oko N”) and the New Oko Discovery. The bulk of the gold mineralization lies along a prominent 2.5 km long north-south structure comprised of the high-grade OMZ deposit and a bulk mineable, disseminated mineral resource at Ghanie. Importantly, OMZ includes high-grade UG Indicated mineral resources of 741,600 ounces at 13.63 grams per tonne gold (“g/t Au”) and 522,100 ounces at 6.77 g/t Au. The New Oko Discovery lies approximately 8.5 km to the north of these deposits and was only discovered in March 2025.
- **Projects:** ["### Peters Mine\nLocated to 35km southwest of G2’s flagship Oko-Ghanie deposit which hosts mineral resources of **1.6 million ounces of gold (** Indicated) and **1.9 million ounces of gold** (Inferred), the Peter’s Mine has a long history of production dating back to the turn of the 20th century. The Peter’s Mine was Guyana’s first gold mine which was discovered in 1902 and subsequently developed as an underground mine, becoming operational in 1905. Between 1905 and 1909, 41,915 ounces of gold were produced primarily from shallow underground workings within 70 meters of surface. Head grades were approximately 41 g/t Au.\nIn May 2025, G2 completed scout drilling at the Peter’s Mine which validated historical data while testing structural controls and lithologies along the Mango Trend Deformation Zone (MTDZ). Initial first-pass results were very encouraging, with shallow 76m @ 1.50 g/t Au (including impressive 16.5m @ 5.0 g/t; or 59.5m @ 0.53g/t excluding this sub-interval) intercepting a series of NE-SW striking veins and a deeper 3m @ 12.5 g/t from 147m, indicating both bulk near-surface and discrete high-grade opportunities. G2 is currently planning a significant drill program for the Peter’s Mine district.\n### Geology\nGold mineralisation at the Peter’s Mine Property is associated with structurally controlled quartz veins and stockworks hosted within a series of steeply plunging, discrete isoclinal fold structures. There are five documented gold target areas on the property, all of which lie along a prominent north-south deformation zone, termed the MTDZ. Despite a long history of artisanal gold production, the property has historically seen less than 20,000 metres of drilling.","### OKO District\nThe Company’s flagship Oko-Ghanie project is located in the southeastern portion of the Cuyuni Mining District, approximately 120 km west-southwest of Guyana’s capital city, Georgetown, 60 km west of the town of Bartica, and directly north of G Mining’s Oko West Gold Project. The project is accessed by a combination of boat and truck, using rivers and logging roads, from the town of Bartica and the Itaballi crossing on the Mazaruni River.\nThe PEA is based on the updated MRE presented totalling 1.6 million ounces of gold (Indicated) and 1.9 million ounces of gold (Inferred) from five deposits: Oko Main Zone (“OMZ”), Ghanie, Northwest Oko (“Oko NW”), North Oko (“Oko N”) and the New Oko Discovery. The bulk of the gold mineralization lies along a prominent 2.5 km long north-south structure comprised of the high-grade OMZ deposit and a bulk mineable, disseminated mineral resource at Ghanie. Importantly, OMZ includes high-grade UG Indicated mineral resources of 741,600 ounces at 13.63 grams per tonne gold (“g/t Au”) and 522,100 ounces at 6.77 g/t Au. The New Oko Discovery lies approximately 8.5 km to the north of these deposits and was only discovered in March 2025.","### NW OKO\nNW OKO is centred approximately 3 km from the OMZ area. Significantly, multiple diamond drill holes have intersected disseminated gold mineralization over considerable widths within the 70m thick saprolitic horizon.\nIn late 2023, G2 completed a 24-hole, 2,329-meter scout drilling program at NW OKO. Significant disseminated gold mineralization was encountered in holes NWOD 2, 9, and 10, which returned mineralized intercepts of **47.5m @ 0.6 g/t Au**, **41.5m @ 0.75 g/t Au**, and **9m @ 2.1 g/t Au**, respectively. Additionally, comparatively higher grade, yet still near-surface mineralization, was intercepted in holes NWOD 1 & 22, which returned **10.3m @ 3.7 g/t Au** and **15m @ 6.3 g/t Au**, respectively. The NW Oko trend is a 3 km long zone of artisanal workings and anomalous gold in soils, that intersects the Oko Main Zone at its northern extent.\nThe NW OKO shear structures are hosted on the boundaries of ductile carbonaceous mudstones and more competent siltstones and sandstones. The discovery area remains open in both directions and there is potential for establishing parallel corridors of mineralization, as evidenced by anomalous soil values and/or extensive alluvial workings.","### GHANIE ZONE\nGhanie lies between G2’s OMZ gold discovery and GMIN’s ‘Block 4’ discovery. Both projects have established the OKO Trend’s multi-million-ounce potential and Ghana is currently the subject of ongoing drilling.\nSee [Press Release](https://www.globenewswire.com/news-release/2025/01/07/3005170/0/en/G2-Drilling-Significantly-Expands-Mineralized-Envelope-at-Oko-Project-Guyana.html) dated January 07, 2025\n_“These new results definitively demonstrate that, despite almost five hundred holes being completed to date, the OKO project remains very much a growth story. In 2025 we will continue to aggressively explore this emerging gold district.”_\n– Dan Noone, CEO","### TRACY\nThe Tracy target, located 10 km northwest of Oko Main and 3 km southeast of the Aremu Mine Area, is defined by a 2.5 km long (east-west trending) gold-in-soil anomaly (+ 100 ppb Au). In 1992, Golden Star Resources completed a trench at Tracy, which intersected 10.7 g/t Au over 15 m. G2 completed more than 6 trenches totalling 608 m located several hundred metres east of the Golden Star trenching. G2 has intersected highly encouraging results, including 4.8 g/t Au over 16 m with a high-grade section of 32.4 g/t Au over 2 m. Two initial holes were drilled beneath the trench, intercepting low-grade mineralization hosted within metamorphosed sandstones and siltstones.\nThe Tracy diamond drill program will commence in April 2024.\n_“Initial trenching at Tracy has exposed high grade gold mineralisation in deformed carbonaceous mudstones and siltstones within broader zones of hydrothermal alteration, similar to what we see at the Oko Main Zone.”_\n_-Boaz Wade, V.P. Exploration_","### AREMU\nBetween 1906 and 1911, more than 20 auriferous veins were discovered within the Aremu Mine Area which produced approximately 6,488 oz Au during this period.\nHigh-grade gold mineralization is located mainly in the brecciated quartz-carbonate veins with hematite staining and pyrite. Low-grade gold is hosted in black graphite schist with quartz veinlets and stringers. During the historical exploration, the following gold-bearing veins were identified: the Aremu, Donicker, Herod, Hillman, Powerhouse, Shepherd, as well as the Honeybee, Lunch, Maam and Powis veins.\nG2 has been trenching and collecting numerous soil samples, grab samples, and channel samples along the previously mined open-pits. G2 followed up this program with an 18-hole drill campaign totalling 2,436 m that drill tested the historic Aremu, Donicker, Scotland, Powerhouse, and Lunch veins. Significant intervals include hole ARD-03 which was drilled beneath the historic Aremu open-pit and intersected 10.7 g/t Au over 3.4 m within a broader zone of 3.6g g/t Au over 13.5 m. The high-grade gold mineralization is hosted in quartz veins within a shear zone in carbonaceous shales in a northeast plunging fold closure."]
- **Leadership:** Patrick Sheridan
Executive Chairman

Mr. Sheridan, MSc, has over 25 years’ experience working in Guyana and has raised over $400 million for exploration and development projects in Guyana. Mr. Sheridan is credited with the discovery, financing, and development of the Aurora Gold project. Mr. Sheridan was involved in the financing, development, and sale of Gold Eagle Mining, FNX Mining and others. He is a graduate of the London School of Economics.

Dan Noone
CEO & Director

Mr. Noone has more than 30 years of international mineral exploration and development experience ranging from implementing grassroots programs through to feasibility studies. He is currently the Chairman of GPM Metals Inc. Previous roles include Executive Director and V.P. of Exploration at Guyana Goldfields, V.P. of Peruvian Operations for Aquiline Resources Inc. and the President and CEO of Absolut Resources Inc. Mr. Noone has managed projects in Guyana, Papua New Guinea, Indonesia, Peru, Ecuador and Argentina. Mr. Noone holds a degree in geology from Ballarat University and an MBA from Melbourne University. He is a Fellow of the Institute of Australian Geoscientists (AIG).

Torben Michalsen
COO

Extensive experience in the mining and forestry industries steering large infrastructure projects as well as coordinating baseline studies and Environmental Assessments. Previously as Construction Manager at GCM Mining, Mr. Michalsen was responsible for developing the Toroparu Project, Guyana. During his tenure as Construction Superintendent at IAMGOLD (2018-2021), Mr. Michalsen led the design optimisation of Saramacca, Rosebel Gold Mines.

Carmelo Marrelli
CFO

Mr. Carmelo Marrelli is the principal of The Marrelli Group of Companies. He is a Chartered Professional Accountant (CPA, CA, CGA) and a member of the Chartered Governance Institute of Canada, a professional body that certifies corporate secretaries. He has a Bachelor of Commerce degree from the University of Toronto. Mr. Marrelli acts as the Chief Financial Officer to various issuers listed on the TSX, TSX Venture Exchange, and CSE, as well as non-listed companies, and as a director of select issuers.

Boaz Wade
VP, Exploration Guiana Shield

Mr. Wade has successfully managed projects at various stages of exploration across Guyana, most recently leading the Mine Exploration Geology team at Guyana Goldfields Inc. He was a recognised senior member of the teams responsible for reinterpreting the first order mineralisation controls at the Aurora deposit and remodelling the geology of the Karouni deposits in Guyana. Mr. Wade obtained a BSc in Geological Engineering from the University of Guyana.

Jacqueline Wagenaar
VP, Investor Relations

Ms. Wagenaar is an award-winning investor relations executive with more than 17 years of capital markets experience in exploration, development, and producing staged mining projects. She has a proven track record of launching and executing successful investor relations programs that have resulted in significant shareholder returns. Ms. Wagenaar joined G2 in February 2025. Prior to this, Ms. Wagenaar played a key role in the successful IPO of Solaris Resources Inc. where she led the investor relations efforts and supported the growth of the company to ten times its original size before its successful exit from Canada. Prior to Solaris, Ms. Wagenaar spent over a decade at Guyana Goldfields Inc. where she established and led the inaugural investor relations program that supported the advancement and financing of the Aurora Gold Project from early exploration to production and the resulting evolution of the shareholder registry. Ms. Wagenaar is a Certified Professional in Investor Relations (CPIR) from the Richard Ivey School of Business at the University of Western Ontario.

Roopesh Sukhu
VP, Business Development – Guyana

Mr. Sukhu is an experienced Geological Engineer with over 15 years in mining exploration, resource modeling and environmental management. Mr. Sukhu, previously appointed Senior Geologist, has been promoted to serve as G2’s new VP, Business Development – Guyana in February 2025. Mr. Sukhu is based in Guyana and has been involved with the Company since April 2022 and played an integral role in the planning and mobilisation of exploration activities. Prior to G2, Mr. Sukhu held progressively senior roles in mining, technical services, LOM plans and mine optimization for key gold and bauxite projects in Guyana and Burkina Faso. Mr. Sukhu holds a Master of Science in Hydrogeology and Water Resources Management from Newcastle University and a Bachelor of Engineering (Geology) from the University of Guyana.

BOARD OF DIRECTORS
Patrick Sheridan
Executive Chairman

Dan Noone
CEO & Director

Bruce E. Rosenberg ( LL.B)
Director

Mr Rosenberg has been practising law in Ontario since 1980. He has extensive experience as a corporate lawyer and commercial litigator. Mr Rosenberg has acted as legal counsel for several TSX-listed junior mining companies and serves on the Board of Directors of three Canadian charitable foundations.

Stephen Stow
Director 

Mr. Stow has an MA in jurisprudence from Wadham College (Oxford University). He practised as a commercial lawyer in the City of London and in Hong Kong between 1979 and 1987. In 1987, he co-founded a boutique “work out” advisory group in Hong Kong with two private merchant bank co-shareholders. Soon after arriving in Vancouver, he was invited to be a co-founder of what became a market leader (by market cap) in the fiber optic space, in the late 1990s, early 2000s. He has also been an executive, invested in and led companies in the resource sector, in both private and public companies. He served as President & CEO of Odin Mining & Exploration Ltd from 1994 until it became Lumina Gold Corp. in 2015. He is currently a Director of Lumina Gold Corp., G2 Goldfields Inc., and S2 Minerals Inc., all of which are quoted on the TSX-V.

Carmen Diges
Director

Ms. Diges is a senior commercial lawyer with over 25 years of transactional and advisory experience. She has worked extensively with boards on governance issues, advising management teams, special committees, and routine and extraordinary matters, as well as through her roles as General Counsel and Corporate Secretary for several mining companies and financial services clients. Ms. Diges has assisted clients on all sides of M&A, financing, and banking transactions locally and internationally. Following over 15 years at various large firms in Toronto, where Ms. Diges served as Partner and Chair of the Mining Practices at each, she founded a bespoke corporate and securities practice of her own. Consistently ranked as a leading lawyer by Chambers, Lexpert and Who’s Who, Ms. Diges has also ranked in Best Lawyers in Canada, Latin America – Top 100 Lawyers and Top 50 Female Lawyers. In 2018, Ms. Diges was a finalist in the Canadian General Counsel Awards for Mid-Market Excellence.

_Verified data last updated: 2026-06-29_

## Recent filings

- 2026-06-22 — press_release — [gtwo_2026-06-22_10-44-44.pdf](https://chat.orbiton.app/gtwo/preview/57243?documentId=57243)
- 2026-06-16 — press_release — [gtwo_2026-06-16_19-34-03.pdf](https://chat.orbiton.app/gtwo/preview/57244?documentId=57244)
- 2026-06-16 — proxy — [gtwo_2026-06-16_19-32-31.pdf](https://chat.orbiton.app/gtwo/preview/57245?documentId=57245)
- 2026-06-09 — press_release — [gtwo_2026-06-09_19-33-13.pdf](https://chat.orbiton.app/gtwo/preview/57246?documentId=57246)
- 2026-06-04 — press_release — [gtwo_2026-06-04_09-36-56.pdf](https://chat.orbiton.app/gtwo/preview/57247?documentId=57247)
- 2026-05-25 — press_release — [gtwo_2026-05-25_19-37-17.pdf](https://chat.orbiton.app/gtwo/preview/57248?documentId=57248)
- 2026-05-25 — other — [gtwo_2026-05-25_19-03-17.pdf](https://chat.orbiton.app/gtwo/preview/57249?documentId=57249)
- 2026-05-25 — other — [gtwo_2026-05-25_19-03-16.pdf](https://chat.orbiton.app/gtwo/preview/57250?documentId=57250)

## Investor FAQ

### [Latest News](https://chat.orbiton.app/gtwo/faq/latest-news)

G2 Goldfields recently announced significant developments in their exploration activities, including encouraging results from the Peter's Mine and ongoing drilling at the Oko project. The company is focused on expanding its mineralized envelope and exploring new discoveries in the Aremu – Oko trend.

### [Project Overview](https://chat.orbiton.app/gtwo/faq/project-overview)

G2 Goldfields is primarily focused on the Oko-Ghanie project, which hosts an updated Mineral Resource Estimate of 1.6 million ounces of gold (Indicated) and 1.9 million ounces of gold (Inferred) across five deposits. The company is also exploring the Peter's Mine, NW Oko, Ghanie Zone, Tracy, and Aremu areas, each showing promising gold mineralization potential.

## Live AI chat

- https://chat.orbiton.app/gtwo/chat
- Investor website: https://g2goldfields.com/