Projects

Kiaka Project – Burkina Faso (1)

The Kiaka Project is one of the largest undeveloped gold resources in West Africa, and contains measured mineral resource estimates of 27.3 million tonnes at 1.09 g/t gold for 953,000 ounces; indicated mineral resource estimates of 96.8 million tonnes at 0.96 g/t gold for 2.99 million ounces; and inferred mineral resource estimates of 27.3 million tonnes at 0.93 g/t for 815,000 ounces(2)Kiaka is located in southcentral Burkina Faso in the regional province of Boulgou and Zoundwéogo, approximately 140 kilometres southeast of the capital, Ouagadougou

The current plan at the Kiaka Project is to update the mineral-resource block model later this year based on ongoing drilling and then use that model as the basis for additional project evaluation. This will include re-evaluating project economics and the potential impact of higher grade ore being added from the Toega zone. B2Gold expects to complete internal updates to optimize sections of the Kiaka Feasibility Study in the second half of 2017. The 2017 development budget for Kiaka is approximately $2.7 million.

Based on positive exploration drill results from the Toega prospect, B2Gold's 2017 exploration budget for Burkina Faso has been increased by approximately $2.6 million to approximately $10.2 million.

Kiaka Regional Exploration – Toega Prospect:

On February 13, 2017, B2Gold announced positive exploration drill results at the new Toega prospect near the Kiaka deposit (click here for news release). 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. The 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.

As of the end of the second quarter of 2017, drilling is ongoing. Three drill rigs are on site with the objectives of expanding known mineralization at Toega and stepping out to test for additional mineralization at other targets in the region. 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. Highlights from recent drilling include NKDD030, which intersected 22.40 metres at 5.20 g/t gold, from 242.00 metres. For more drill results at Toega, click here for B2Gold's news release "2017 Exploration Update, West Africa", dated February 13, 2017. 

Based on the positive results to date, B2Gold is undertaking initial mineral resource modeling. Once mineral resource estimates are available, in-house evaluations will commence to determine whether Toega constitutes a potential source of higher grade feed for the Kiaka deposit or potentially a standalone project. Metallurgical, environmental and social baseline studies were initiated at Toega in 2016, and these programs are planned to continue throughout the year. The 2017 development budget for Toega is $0.8 million.

Recent News Releases:

Please click here for the news release “B2Gold's 2017 Exploration Update: West Africa Positive Exploration Results for B2Gold's Kiaka and Fekola Projects", dated February 13, 2017.

Click here for details on the Kiaka "Exploration" section.

Footnotes (Click to expand)
  1. The disclosure contains forward-looking statements. Refer to the Legal section of the website (click here) for caution regarding forward-looking statements and the basis for presentation of Mineral Reserves, Mineral Resources and other technical disclosures
  2. The mineral resource estimate for the Kiaka Project was prepared as of January 8, 2013 by Ben Parsons, MSc, MAusIMM (CP), principal consultant for SRK Consulting (UK) Limited, a Qualified Person as defined under NI 43-101. The estimate reflects the attributable resources based on B2Gold Corp’s 81% interest in the Kiaka Project. Mineral resources are estimated using best practices as defined by the CIM and reporting of mineral resources is compliant and in accordance with the disclosure requirements of NI 43-101. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Due to the uncertainty that may be attached to inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an indicated or measured mineral resource as a result of continued exploration. Mineral resource numbers have been rounded to reflect the accuracy of the estimate and numbers may not add due to rounding

 

Note: For more details on B2Gold’s Kiaka Project, click here for the Company’s Annual Information Form 2017 and click here for the Company's Management’s Discussion and Analysis (these are also available on SEDAR at www.sedar.com and on the U.S. Securities and Exchange Commission’s website at www.sec.gov).

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