08:21 AM EDT, 10/27/2025 (MT Newswires) -- G2 Goldfields ( GUYGF ) said Monday it will deliver a combined updated mineral resource estimate (MRE) and maiden preliminary economic assessment (PEA) for its Oko Gold Project in Guyana next month.

The maiden PEA is based on data from 666 diamond drill holes totalling 170,329 meters with a drilling cut-off date of Aug. 31. The study will examine the economic merits of a standalone mining operation with multiple open pits as well as underground operations. The company is completing additional environmental and geotechnical studies to advance permitting activities and further de-risk the project.

G2 is also proceeding with the spin-out of G3 Goldfields, its subsidiary, provided it receives regulatory and court approvals. Shareholders will vote on the proposal on Nov. 27. G3's exploration property portfolio consists of three historical past-producing gold mines with an 87,000-acre land package.

Last month, G2 undertook a complete review of all existing data on the properties and completed a drone assisted geophysical survey over the entire +105,000-acre G2 land package. As a result of this review, G2 has developed eight high priority, near-mine resource growth and discovery drill target areas.