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B2Gold Announces Positive Initial Inferred Mineral Resource Estimate for the Toega Project in Burkina Faso
Vancouver, British Columbia--(Newsfile Corp. - February 22, 2018) - B2Gold Corp. (TSX: BTO) (N...
About this update from B2gold Corp.
[{"type":"text","content":"B2Gold Announces Positive Initial Inferred Mineral Resource Estimate for the Toega Project in Burkina FasoVancouver, British Columbia--(Newsfile Corp. - February 22, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"B2Gold\" or the \"Company\") announces a positive initial Inferred Mineral Resource estimate for the Toega Project located in Burkina Faso.HighlightsInitial Inferred Mineral Resource estimate of 17,530,000 tonnes of 2.01 grams per tonne (“g/t”), containing 1,130,000 ounces of gold, indicates the potential to be an open-pittable depositToega mineralized zone now extends 1,200 metres along strike, and is 430 metres wide and up to 400 metres deep. Toega mineralized zone remains open along strike to the north-northeast and down dipRecent drilling has intersected good grade in a potential new mineralized zone. Drilling is ongoing to infill and determine the ultimate size of the Toega zone, and to further test the new mineralized zoneInitial Resource Estimation DetailsThe effective date of the Mineral Resource estimate is January 8, 2018. A total of 165 drill holes (37,776 metres of drilling) were used in the estimate. Inferred Mineral Resources are supported by a nominal drill hole spacing of 100 by 100 metres; however, 65% of the reported resource has been drilled to a 50 by 50 metre, or tighter, drill hole spacing. Inferred Mineral Resources reported at different gold cutoff grades are presented as a sensitivity case. Sensitivity to Gold Cutoff GradeInferred Mineral Resources Reported at variable gold cutoffs within a $1,400 pit shellCutoff Gradeg/t GoldTonnes Gradeg/t GoldOunces1 0.322,070,0001.681,190,0000.419,930,0001.821,170,0000.617,530,0002.011,130,0000.816,120,0002.121,100,0001.014,750,0002.241,060,000 1. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability Mineralization zone models at nominal grade thresholds of 0.2 g/t gold and 0.8 g/t gold were built using lithology, mineralization and structural measurements to control the 3D modeling. Assays were capped at 2.5 g/t within the 0.2 g/t shell and 18.0 g/t within the 0.8 g/t shell. Capping levels were based on statistics and spatial consideration of the high-grade assays. Gold assays were capped prior to compositing to 2 metres. Grade variability within the mineralization zones ...