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B2Gold Corp.
Summary
| Project: | Gramalote | |
|---|---|---|
| Deposit: | Gramalote Ridge | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 1/21/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-1-2020: B2Gold Corp. announces a PEA report for its Gramalote Ridge deposit at the Gramalote project. JV - Updated PEA results incl. post-tax NPV (5%) of $671M, IRR of 18.1%. Vancouver, Canada, January 21, 2020 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: | |
| Resources: | (Resources): 78.2Mt @ 0.85g/t Au, 1.05g/t Ag (Ind.) and 129.2Mt @ 0.68g/t Au, 1.01g/t Ag (Inf.) | |
| CP/QP: | [Resources]: Tom Garagan (Internal) | |
| ABSTRACT: | Vancouver, Canada, January 21, 2020 – B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce positive results from the Updated Preliminary Economic Assessment (“PEA”) for the Gramalote Ridge deposit (“Gramalote Ridge”) at the Gramalote gold project in Colombia (the “Gramalote Project”), a joint venture between B2Gold and AngloGold Ashanti Ltd (“AGA”). B2Gold assumed the role of manager of the Gramalote joint venture on January 1, 2020. All dollar figures are in United States dollars unless otherwise stated. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA based on these Mineral Resources will be realized. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. B2Gold is currently completing approximately 42,500 metres of infill drilling at Gramalote Ridge to convert existing Inferred Mineral Resources to an Indicated category, and 7,645 metres of geotechnical drilling for site infrastructure. | |
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