VANCOUVER, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce positive exploration drilling results from its inaugural drilling campaign at the Back River Gold District in Nunavut and provide an update on construction and mining at the Goose Project.

Exploration and Infill Drill Results Highlights

23,605 meters (“m”) drilled in 77 holes as of the end of October 2023, with results received from 42 of the 77 holes
Exploration drilling intersected high-grade mineralization 110 m down plunge from the existing mineral resource boundary at the Goose Project’s Llama deposit
Drill hole 23GSE-626 returned 7.79 grams per tonne (“g/t”) over 22.00 m from 729.00 m, including a higher grade interval of 11.22 g/t over 14.40 m, at a vertical depth of 660 m, which tested a folded part of the structure 110 m down plunge from previous legacy drilling; and
This result demonstrates the continuity of gold grades and widths of these mineralized structures, and the Llama deposit remains open at depth.
Drill results for infill and mine development, received to date on the Goose Project’s Umwelt deposit confirm the continuity of high-grade mineralization, with several drill holes returning intercepts with higher gold grades and widths than predicted by the mineral resource model
Drill hole 23GSE-618 returned 14.28 g/t gold over 16.00 m from 248.00 m;
Drill hole 23GSE-620 returned 10.20 g/t gold over 19.00 m from 274.00 m;
Drill hole 23GSE-622 returned 17.14 g/t gold over 17.05 m from 191.00 m;
Drill hole 23GSE-625B returned 11.24 g/t gold over 24.15 m from 188.85 m; and
The results from these drill holes will be included into the upcoming Goose Project optimized life of mine plan.
In the second quarter of 2023, B2Gold approved a US$20 million exploration budget for the balance of 2023 to complete approximately 25,000 m of drilling on the Back River Gold District, significantly higher than historical annual exploration expenditures. Drilling at the Goose Project began in early August 2023 with two drill rigs, testing the Llama deposit down-plunge for mineral resource confirmation and mineral resource expansion, and testing regional targets that were developed based on structural modelling and geophysical re-processing. The objective for drilling at the George Project was to test several targets over a strike length of 10 kilometers (“km”).

As of the end of October 2023, B2Gold had completed 17,595 m of drilling over 51 drill holes on the Goose Project, and a further 6,010 m of drilling over 26 drill holes on the George Project.

Figure 1. Back River Gold District Overview. see & read more on
https://www.b2gold.com/news/2023/b2gold-announces-positive-exploration-drilling-results-from-its-inaugural-drilling-campaign-at-the-back-river-gold-district-in-nunavut-and-provides-an-update-on-construction-and-mining-at-the-goose-project