Projects

Fekola Mine & Anaconda Area – Mali

Fekola Deposit and Anaconda Area

The Fekola Mine is located in southwestern Mali on the border between Mali and Senegal, about 210 km south of Kayes and approximately 40 km south of the city of Kéniéba. The Fekola Deposit and Anaconda Area are hosted in Birimian Supergroup rocks within the eastern portion of the Paleo-Proterozoic Kédougou–Kéniéba inlier, which covers eastern Senegal and western Mali.

Fekola Deposit

The Fekola deposit is hosted by a moderate to steeply west dipping, folded sequence of marine meta-sediments of the Kofi group. The Fekola deposit, including the Fekola North Extension, has been outlined along strike for approximately 3 km, up to 200 m in width and extending, based on current drilling, to at least 440 m in depth. The deposit remains open along strike and down plunge.

In 2020, B2Gold continued exploration drilling near Fekola and the Anaconda area with an $20 million program in Mali that focussed on exploration at the Cardinal and FMZ zones near the Fekola deposit which demonstrate potential for additional gold deposits within 3 kilometres of the Fekola mill, expanding the mineral resources within the Anaconda area, including the Mamba zone, and further testing the sulphide zones.

B2Gold completed approximately 43,000 metres of combined reverse circulation and diamond drilling on the Cardinal and FMZ zones in 2020. The new high-grade drill results now extend the gold mineralization at the Cardinal and FMZ zones to over 3.5 kilometres along strike and intersected up to 350 metres vertically below surface, with the northern portion of the Cardinal zone passing within 500 metres of the current Fekola resource pit.  The high gold grade intersections at the Cardinal zone locally define a moderately northeast plunging shoot, which demonstrates good exploration potential down plunge. Mineralization at the Cardinal and FMZ zones remains open at depth and along strike. 

The Cardinal and FMZ zones comprise multiple, sub-parallel, west-dipping shear zones with an average width of approximately 10 metres for the main Cardinal zone. Within the shears, gold is spatially associated with quartz-carbonate veins and is strongly associated with the coarse grained pyrite.  Rare visible gold has been noted within the quartz-carbonate veins. 

In addition, most of the Cardinal and FMZ zones have now been drilled to approximately 50 x 50 metre centres, sufficient to commence the preparation of initial Inferred Mineral Resource estimate, which the Company expects to release in the first quarter of 2021.

For more information, please Click here for B2Gold's Positive Exploration Drill Results from Near Fekola and Anaconda Area Exploration Drilling news release (dated September 17, 2020)

For additional information, please click here for B2Gold's  Annual Information Form (dated March 20, 2020)

Anaconda Area

The Anaconda Area is a collective term for the Anaconda, Adder, Cobra, Cascabel, Mamba and Boomslang zones that are hosted by deeply weathered Kofi group meta-sediments and minor intrusive units. The zones form several distinct flat-lying to slightly dipping mineralized zones that occur within saprolite and saprock, and can locally be traced into bedrock. The combined Anaconda–Adder saprolite zone extends over 5,500 m along strike and up to 500 m wide at Anaconda and up to 200 m wide at Adder. The Adder zone remains open along strike. The Mamba saprolite zone extends to a kilometre along strike and is about 170 m wide, with thicknesses varying from 10 m to >100 m thick, averaging 65 m true thickness. Encouraging sulphide mineralization has also been encountered at Cobra.

B2Gold completed approximately 39,000metres of combined reverse circulation and diamond drilling on the Anaconda area, focused mainly on the Mamba zone, in 2020. The Company has previously announced an Inferred Mineral Resource estimate for the Anaconda area of 767,000 ounces of gold at 1.1 grams per tonne ("g/t") in near surface saprolite mineralization over 4.5 kilometres and up to 500 metres wide. 

The exploration drilling on the Mamba zone focused on increasing the size of the known saprolite resource and further testing the underlying sulphide mineralization. The high-grade intercepts at the Mamba zone demonstrate well mineralized intersections of sulphide-hosted gold over a total strike length of approximately 2.2 kilometres, approximately 1.2 kilometres longer than previously reported. The good grade and width combinations continue to provide strong support for this interpretation, including intersections in MSD_200 (3.40 g/t gold over 15.80 metres) and MSD_201 (3.86 g/t gold over 13.80 metres), and provide a strong indication of the potential for a second Fekola-style south plunging body of sulphide mineralization, which remains open down plunge. One of the key geological aspects of the Mamba zone is the continuity in the high grade mineralization in the transition from saprolite- to sulphide-hosted zones of mineralization.

The Company also completed additional infill drilling in order to provide sufficient definition for an updated mineral resource estimate on the Anaconda area, which the Company expects to be completed by the end of the fourth quarter of 2020.  Geological modeling and the preliminary stages of resource estimation are currently in progress.

For more information, please Click here for B2Gold's Positive Exploration Drill Results from Near Fekola and Anaconda Area Exploration Drilling news release (dated September 17, 2020)

For additional information, please click here for B2Gold's  Annual Information Form (dated March 20, 2020)


 For the most recent company information: 

Click here for B2Gold’s Q4 & FY Financial Results news release (dated February 23, 2021)
Click here for B2Gold’s Q4 & FY Production Results and 2021 Guidance news release (dated January 20, 2021)

Click here for B2Gold's Q3 and YTD Earnings news release (dated November 3, 2020)
Click here for B2Gold's Quarterly Gold Production of 263,813 Oz and Record Quarterly Revenue of $487 M for Q3 2020; On Track to Meet Annual Production Guidance of 1,000,000 to 1,055,000 Oz news release (dated October 15, 2020)
Click here for B2Gold's Q3 2020 Management Discussion & Analysis ("MD&A") (dated September 30, 2020)
Click here
for B2Gold's Q3 2020 Financial Statements (dated September 30, 2020)
Click here for B2Gold's Positive Exploration Drill Results from Near Fekola and Anaconda Area Exploration Drilling news release (dated September 17, 2020)
Click here for B2Gold's Successful Commissioning of Fekola Mill Expansion ahead of Schedule; Maintains 2020 Production Guidance and Continues Debt Reduction; Declares Third Quarter Dividend of $0.04 per Share news release (dated September 10, 2020)

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