Triple listed B2Gold Corp. has confirmed through exploration drilling that gold mineralisation extends from its flagship Fekola mine reserve pit boundary by 1 km.
Mali – Recent positive drilling results in the Fekola North Extension have significantly increased resource potential of the Fekola deposit where good-grade gold mineralisation is hosted in shallow, north-plunging shoots, the same structural setting as higher-grade ore shoots in the Fekola deposit, and remains open to the north.
These new drill results to the North of the Fekola resource pit boundary further indicate the main higher-grade Fekola ore shoot is thicker and extends closer to surface than previously projected.
This is positive news for the company which is set to nearly double its gold production output through Fekola.
Fekola North Extension exploration
A total of approximately 10 000 m of diamond drilling have now been completed this year in the Fekola North Extension.
These drill results along with previous results confirm the potential for the Fekola deposit to increase in size significantly to the north, and indicate the potential, with further drilling for a larger open-pittable resource and reserve.
Fekola resource conversion
Infill drilling is ongoing at Fekola and continues to convert inferred resources to indicated category within the resource pit boundary. The current resource pit boundary extends beyond the Fekola reserve pit boundary approximately 50 m below the reserve, 150 m to the north and approximately 600 m to the north (formerly Kiwi zone), from surface to 50 m depth.
The resource pit extension contains 720 000 oz in the indicated category and 180 000 oz in the inferred category, for a total potential increase of 900 000 oz of gold.
Drilling continues, and will be ongoing through the rest of 2018, to further define the Fekola North Extension and further infill drill the Fekola resource. B2Gold will continue to release material drill results, as they become available and expects to release an updated Fekola mineral resource in the third quarter of 2018.
In addition to Fekola, the 2018 Mali exploration budget includes $7.5 million for further drilling on the Anaconda zones, in the Fekola region. The drill programme is well underway and is returning positive additional results from the near-surface saprolite zones and the good gold grade bedrock zones, beneath the saprolite.