VANCOUVER, British Columbia, Jan. 31, 2024 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce positive exploration drilling results from the Antelope deposit at the Otjikoto Mine (“Otjikoto”) in Namibia. The Antelope deposit, comprised of the Springbok Zone, the Oryx Zone, and a possible third structure, Impala, subject to further confirmatory drilling, is located approximately three kilometers (“km”) south of the Otjikoto Phase 5 open pit. The Antelope deposit has the potential to be developed as an underground mining operation, which could complement the expected processing of stockpiles at the Otjikoto mill from 2026 through 2031.

Highlights

20,715 meters (“m”) in 37 drill holes completed at the Antelope deposit in 2023, with a plan to nearly double the meters drilled in 2024
The Antelope deposit was discovered in 2022 following deep drill testing on three-dimensional models of magnetic inversion data;
The 2024 exploration budget for Otjikoto is US$9 million, focused predominantly on the Antelope deposit, the largest drill program since the definition of the Wolfshag discovery in 2012; and
39,000 m of drilling planned to define and expand the Antelope deposit.

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