11:26 AM EDT, 04/03/2024 (MT Newswires) -- G2 Goldfields ( GUYGF ) , was at last look on Wednesday down 1.1% even though it announced an updated Mineral Resource Estimate (MRE) for its OKO project in Guyana. The MRE is comprised of a discrete high-grade resource for the Oko Main Zone and a disseminated bulk mineable resource for the Ghanie Zone.

Total contained gold increased by 69% to 2.0 million ounces. Total indicated gold increased by 320% to 922,000 ounces.

The total combined open pit and underground resource reported in the MRE for the OMZ includes 686,000 ounces of gold in Indicated Resource contained within 2.36 million tonnes grading 9.03 grams per tonne of gold, with an additional 495,000 oz of gold in Inferred Resources, contained within 2.41 Mt grading 6.38 g/t.

The total combined open pit and underground resource reported in the MRE for the Ghanie Zone includes 236,000 ounces of gold in Indicated Resource contained within 3.34 million tonnes grading 2.20 grams per tonne, with an additional 604,000 oz of gold in Inferred Resources, contained within 12.22 Mt grading 1.54 g/t

The company's shares were last seen down C$0.01 to C$0.91 on the TSX Venture Exchange.

Price: 0.91, Change: -0.01, Percent Change: -1.09