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B2Gold Corp.
Summary
| Project: | Kiaka | |
|---|---|---|
| Deposit: | Kiaka | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-2-2017: B2Gold Corp. announces an Exploration/Drilling Update report for its Kiaka deposit at the Kiaka project. Drilling results incl. 84m @ 3.09g/t Au from 94.0m. B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased | |
| Resources: | (Resource): 27.3Mt @ 1.09g/t Au (Meas.), 96.8Mt @ 0.96g/t Au (Ind.), 27.3Mt @ 0.93g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Tom Garagan (Internal) | |
| ABSTRACT: | B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce positive exploration results for its Kiaka and Fekola projects in West Africa (Burkina Faso and Mali, respectively). All dollar figures are in United States dollars unless otherwise indicated. Following recent successes by the regional exploration programs in Burkina Faso and Mali, B2Gold has budgeted $19.95 million in 2017 for ongoing exploration of the Company’s West African projects, an increase of $2.65 million over the 2016 budget. B2Gold has recently increased the footprint of known mineralization at the Toega prospect, as part of the Kiaka deposit regional exploration program in Burkina Faso. In 2016, a total of 19,433 metres of combined reverse circulation and diamond drilling was completed, to better define the limits of this discovery and to explore the immediate area for additional mineralization. Last year’s drilling expanded the known extents of mineralization at Toega to over 900 metres long, by up to 425 metres wide, with intersections of variable thickness occurring as deep as 250 metres below surface. Mineralization remains open down dip and down plunge at Toega. Drilling is ongoing. Due to the increased size of the Toega zone, the Company now expects to release the initial mineral resource for Toega in the third quarter of 2017. Gold mineralization in the Toega zone is hosted by an easterly-dipping metasedimentary sequence, overprinted by shallowly northeast plunging folds. Mineralized intervals in excess of 100 metres of core length (e.g. NKRD020, 125 m at 1.66 g/t gold) are localized in a plunging, high-grade “keel” to the mineralization, which may be related to structural thickening by folding. Mineralized zones are characterized by disseminated pyrite, pyrrhotite, rare chalcopyrite and locally, by fine visible gold, in association with quartz veining. | |
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