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B2Gold Corp.

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Summary

Project:

Fekola

Deposit:Fekola
Location:Mali
Commodities:Gold
Date:6/15/2017
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:15-6-2017: B2Gold Corp. announces a Resource Estimation report for its Fekola deposit at the Fekola project. Initial Saprolite Mineral Resource estimate & Drilling results incl. 25m @ 2.14g/t Au. Vancouver, June 15, 2017 - B2Gold Corp. (TSX: BTO, NYSE MKT
Resources:(Resource, Inf.) 21.59Mt @ 1.11g/t Au for 767koz Au contained in Saprolite at Anaconda
CP/QP:[Resources]: Tom Garagan (Internal)
ABSTRACT:Vancouver, June 15, 2017 - B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the maiden Mineral Resource estimate for the Anaconda area of the Fekola Project located in southwestern Mali and new exploration drill results from beneath the saprolite and for Anaconda. This initial Inferred Mineral Resource estimate is 21.59 million tonnes at 1.11 g/t gold for 767,000 ounces. The estimate is reported within a series of pit shells and above a 0.35 g/t gold cutoff grade. This saprolite-hosted gold mineralization remains open and B2Gold’s Exploration group is continuing to explore the edges of the known zones, and test for additional saprolite hosted mineralized zones and Fekola-style mineralization within the bedrock. The effective date of the Mineral Resource estimate is March 22, 2017. A total of 2,007 drill holes (107,048 metres of drilling) were used in the estimate. Of the total, there are 1,629 aircore drill holes (66,550 metres), 266 reverse circulation (“RC”) holes (31,778 metres) and 112 diamond drill core (“DD”) holes (8,720 metres). Much of the area is drilled at 40-metre by 40-metre spacing with local areas infilled to 20-metres by 20-metres and some areas drilled to 80-metres by 80-metres. A twin drilling program of 37 pairs of aircore to RC or aircore to DD were completed and results between aircore and DD and RC twins were comparable. Additionally, three 20-metre by 20-metre areas were infill drilled at 5-metre by 5- metre drill spacing with diamond drill core to test for grade continuity and to compare core results versus aircore and RC.

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