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Be the first with the news that moves the market- B2Gold Corp. (BTO) has received more positive exploration drilling results from the Fekola North and Anaconda target areas at its Fekola Mine in Mali
- Average grade gold results Fekola North provides strong support for the company’s ongoing assessment of underground development
- Anaconda has one drill hole returned high-grade gold approximately 100 metres below the limits of the current mineral resource pit boundary
- A 225,000-metre drill program in the western parts of the Fekola Mine is ongoing with a yearly budget of $35 million
- B2Gold Corp. (BTO) is down 0.21 per cent trading at $4.76 per share as of 2:06 p.m. ET
B2Gold Corp. (BTO) has received more positive exploration drilling results from the Fekola North and Anaconda target areas at its Fekola Mine in Mali.
According to B2Gold, the average grade gold results from the Fekola North target area provides strong support for the company’s ongoing assessment of underground development of the deepest portions of the area’s deposit
In the Anaconda area, just north of the Fekola Mine, one drill hole returned high-grade gold approximately 100 metres below the limits of the company’s current mineral resource pit boundary.
The good grade and width combinations at the Anaconda area provide B2Gold a strong indication of the potential for Fekola-style mineralization, which remain open at depth
B2Gold stated that the ongoing drilling on the Anaconda area is designed to infill and extend the mineral resource pit, follow up on the mineralization at the Mamba and Adder zones, and several other targets below the established saprolite mineralization.
B2Gold is currently conducting a 225,000-metre drill program in the western parts of the Fekola Mine with a yearly budget of $35 million, including drill programs on the Fekola North deposit to further test the underground potential, and the Anaconda area.
The company stated it has completed approximately 70,000 metres of drilling on targets near the Fekola Mine which are focused on targeting deep extensions of the Fekola deposit to the north and below the current reserve pit, and in the Anaconda area between 20 and 25 kilometres north of the Fekola Mine.
B2Gold Corp. (BTO) is down 0.21 per cent trading at $4.76 per share as of 2:06 p.m. ET.
