B2Gold Corp announces an updated and significantly increased Mineral Resource estimate for the Anaconda Area, comprised of the Menankoto permit, the Bantako North permit, and the Bakolobi permit, located approximately 20 kilometers from the Fekola Mine. The updated Mineral Resource estimate includes a significant increase in the laterite, saprolite and saprock Mineral Resources, and an initial sulphide Indicated Mineral Resource estimate.
Mineral Resource update highlights indicated resources of 2,030,000 gold ounces, an 80% increase from the March 2022 Mineral Resource estimate: June 2023 Mineral Resource estimate, constrained within an optimized pit shell at a gold price of US$1,800 per ounce, includes Indicated Mineral Resources of 57,100,000 tonnes at 1.11 grams per tonne gold for a total of 2,030,000 ounces of gold.
Inferred Resources of 2,000,000 gold ounces: June 2023 Mineral Resource estimate, constrained within an optimized pit shell at a gold price of US$1,800 per ounce, includes Inferred Mineral Resources of 46,600,000 tonnes at 1.33 g/t gold for a total of 2,000,000 ounces of gold.
Anaconda Area Oxide Mineral Resources and the Dandoko Oxide Mineral Resources will form the basis of the engineering study of a Fekola Regional stand-alone mill and oxide processing facilities: Construction of a stand-alone oxide mill would constitute Phase II of the Fekola Regional Development Plan.
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