B2Gold Corp (BTG)

[Timetravelerdos]

B2Gold Announces Updated Fekola Mineral Resource Including A Substantial Increase in Indicated Mineral Resources for the Fekola Project in Mali (B2Gold 80%/State of Mali 20%)

VANCOUVER, Jan. 16, 2020 /PRNewswire/ - B2Gold Corp. (TSX:BTO, NYSE AMERICAN: BTG, NSX:B2G) ("B2Gold"or the "Company") is pleased to announce an updated Fekola Mineral Resource estimate including a substantial increase in Indicated Mineral Resources at the Fekola Mine following a successful infill drill program in 2019.

Highlights:

Updated Fekola Indicated Mineral Resource estimate as at December 31, 2019 of 110,600,000 tonnes at 1.70 grams per tonne ("g/t") gold for a total of 6,052,000 ounces of gold constrained within a $1,500 per ounce gold pit shell above a cut-off grade of 0.5 g/t gold

The updated Fekola Mineral Resource estimate as at December 31, 2019 represents a 2,675,000 ounce increase (+79 %) in Indicated Mineral Resources when compared to the estimate included in the June 2015 Fekola Optimized Feasibility Study (after adjusting for cumulative Fekola Mine gold production to date of 1,006,000 gold ounces)

When compared to the December 31, 2018 Fekola Indicated Mineral Resource estimate the updated Indicated Mineral Resource estimate has increased by 1,290,000 ounces of gold (15.4%) (after adjusting for the 455,810 ounces of gold produced in 2019)

As recently reported, the Fekola Mine produced its first million ounces of gold in late December 2019 after 2.5 years of production


Updated Fekola Mineral Resource Estimate:

In 2019, B2Gold completed more than 25,000 metres of reverse circulation and diamond drilling at Fekola with the primary goal of converting existing resources in the Inferred Mineral Resource category to the Indicated Mineral Resource category. This infill drilling program was successful and the updated Fekola Mineral Resource estimate is based on the cumulative 240,000 metres of exploration drilling to date in 1,124 drill holes (including 120,000 metres in 501 holes drilled by B2Gold since June 2014).

Much more info with this link:
https://finance.yahoo.com/news/b2gold-announces-updated-fekola-mineral-020000704.html