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B2Gold Corp.
Summary
| Project: | Otjikoto | |
|---|---|---|
| Deposit: | Wolfshag | |
| Location: | Namibia | |
| Commodities: | Gold | |
| Date: | 1/20/2015 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 20-1-2015: B2Gold Corp. announces a Resource Estimation report for its Wolfshag deposit at the Otjikoto project. Updated mineral resource estimate for Wolfshag Zone at Otjikoto. Vancouver, January 20, 2015 - B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX: B2G | |
| Resources: | (Resource, Inf.): 2.581Mt @ 8.14g/t Au for 675000oz Au contained at Wolfshag Zone | |
| CP/QP: | [Resources]: Tom Garagan (Internal) | |
| ABSTRACT: | Vancouver, January 20, 2015 - B2Gold Corp. (TSX: BTO, NYSE MKT: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce a significantly higher grade updated gold mineral resource estimate for the Wolfshag zone located directly adjacent to the east and northeast of the Company’s new open pit Otjikoto Mine in Namibia. All dollar figures are in United States dollars unless otherwise indicated. The updated inferred mineral resource contains 675,000 ounces of gold within 2.581 million tonnes grading 8.14 grams of gold per tonne (“g/t”) utilizing a 3 g/t cut-off (see notes on page 3). This inferred resource is below a pit shell containing an additional 1.035 million tonnes at 2.81 g/t gold (93,000 ounces gold) in the indicated category. The previously released initial inferred resource estimate for the Wolfshag zone was 6.8 million tonnes at 3.2 g/t gold containing 703,000 ounces of gold (see news release dated 01/22/14). The Wolfshag mineral resource estimate has been prepared using a total of 202 core drill holes (58,050 metres). An additional 31 drill holes (8,207 metres) were completed after the October 24, 2014 database cut-off date. The preliminary results of the holes drilled after the cut-off date do not materially change the results of this mineral resource estimate. Mineral resources are reported within a pit shell based on a 0.5 g/t cut-off grade. Mineral resources located below and down plunge of the shell are reported above at 3.0 g/t gold cut-off grade. The reason that the down plunge resource is still in the inferred category is because the 2014 drill spacing was designed to evaluate the Wolfshag zone from an open pit extraction perspective using a drill spacing of 25 metres by 100 metres. As the majority of the Wolfshag zone is now envisioned to be mined underground, additional drilling will be required to infill the resource to the indicated category (25 metre by 25 metre spacing). Engineering studies are under way to determine which portion of Wolfshag could be mined by open pit and which portion by underground mining. | |
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