B2Gold’s ongoing study at its Fekola project in Mali has delivered positive results.
Gold mining company B2Gold has announced a substantial increase in the mineral resource estimate for the Fekola mine in Mali. In a media statement B2Gold says that the ongoing Fekola mill expansion study has reaped positive results. The new increased mineral resource and the positive results, to date, from the mill expansion study indicate the potential to increase mill throughput tonnage and increase annual gold production from Fekola with moderate capital expenditure.
Based on about 192 000m of exploration drilling in 928 drill holes (including 70 877m in 294 holes drilled by B2Gold since June 2014), the company reported an updated indicated mineral resource estimate of more than 92.8 million tonnes at 1.92 grams per tonne (g/t) gold, for a total of more than 5.7 million ounces of gold, and an inferred mineral resource estimate of 26.5 million tonnes at 1.61g/t gold, for a total of about 1.3 million ounces of gold.
According to the statement the new mineral resource is contiguous to the north of the current Fekola reserve pit boundary and extends the resource pit boundary 1.2km to the north. Exploration drill results further north of the new resource pit boundary demonstrate that gold mineralisation continues to the north, and remains open, indicating the potential to further expand mineral resources with additional drilling.