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B2Gold Announces Positive Initial Open-Pit Resource at the Newly-Discovered El Limon Central Zone, Nicaragua
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2018) - B2Gold Corp. (TSX: BTO) (N...
About this update from B2gold Corp.
[{"type":"text","content":"B2Gold Announces Positive Initial Open-Pit Resource at the Newly-Discovered El Limon Central Zone, NicaraguaVancouver, British Columbia--(Newsfile Corp. - February 23, 2018) - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (\"B2Gold\" or the \"Company\") announces a positive initial open-pit resource at the newly-discovered El Limon Central zone, at the El Limon property in Nicaragua, of 5,130,000 tonnes at a grade of 4.92 grams per tonne (\"g/t\") of gold containing 812,000 ounces of gold (refer to table below). This large, good grade new zone has the potential to decrease the El Limon Mine's cash operating costs and all-in sustaining costs per ounce, dramatically increase the El Limon mine life, and could lead to an expansion of the El Limon mill to a higher throughput rate which could potentially double annual gold production.The El Limon Central zone, at its closest location, is approximately 150 metres from the El Limon mill facility, extending southeast and northwest, adjacent to existing plant and administrative infrastructure. Historical records indicate that parts of the Central zone had been mined underground in past decades. B2Gold's recent exploration work indicates the underground mining was much more limited than previously thought.The El Limon central vein structure has been drill tested along a 2.2-kilometre strike length so far, and remains open to depth and along strike, and will be further drill tested during 2018. This structure has experienced some limited historic mining along its length. Further north, the structure extends along strike and this area is being drill tested at present. Highlighted results within the pit include 19.70 metres at 24.24 g/t gold (LIM-17-4119), 24.80 metres at 11.65 g/t gold (LIM-17-4112), 5.66 metres at 64.76 g/t gold (LIM-16-3984) and 15.70 metres at 20.04 g/t gold (LIM-17-4069).Below and beyond the resource pit limits to the north, drill highlights include 2.0 metres at 13.43 g/t gold (LIM-17-4184) and 20.35 metres at 3.0 g/t gold, including 4.1 metres at 6.85 g/t gold (LIM-17-4198). All widths noted are true widths.The Mineral Resource estimate was prepared in-house at B2Gold. A total of 248 drill holes (35,871 metres of drilling) were used in the gold grade estimate with more than 75% of the drill meterage (28,078 metres) coming from diamond drilling, completed...