B2Gold Proclaims Optimistic Exploration Drill Outcomes from the Anaconda Space on the Fekola Advanced

VANCOUVER, BC, September 15, 2022 /PRNewswire/ – B2Gold Corp. (TSX: BTO) (NYSE: BTG) (NSX: B2G) (“B2Gold” or the “Firm”) is happy to announce further constructive exploration drilling outcomes from the Anaconda Space, positioned roughly 25 kilometers north of the Fekola Mine, confirming continuity of the Mamba Major Zone, which stays open down plunge.

The Anaconda Space, comprised of the Menankoto and Bantako North permits, types a part of the Fekola complicated (the “Fekola Advanced”), which additionally contains the Fekola Mine and the adjoining Cardinal Zone, the Bakolobi allow, and the Dandoko allow (topic to completion of the Oklo Assets Ltd. transaction).

Exploration Highlights

• Excessive grade outcomes from the Mamba Major Zone, together with gap BND_108 with 5.89 grams per tonne (“g/t”) gold over 28.70 meters (“m”) from 455.45 m, gap BND_101 with 3.76 g/t gold over 32.08 m from 299.00 m, and gap BND_104 with 3.33 g/t gold over 14.30 m from 362.70 m, which collectively verify and prolong the continuity of the excessive grade sulphide mineralization of the sulphide shoot to over 700 m down plunge, offering a powerful indication of the potential for Fekola-style our bodies of sulphide mineralization, which stay open at depth.

• Sturdy preliminary outcomes from the Cobra Zone, positioned 2 kilometers east of the Mamba Zone, together with gap MSD_227 with 2.02 g/t gold over 25.30 m from 201.70 m, and 6.75 g/t gold over 13.80 m from 244.40 m, confirming the potential for financial grade and width combos within the sulphide mineralization. The Firm believes that the Cobra Zone could prolong onto the Bakolobi allow and are presently drilling this extension goal.

• Ongoing drilling by the Firm on the Anaconda Space to infill and prolong the saprolite Mineral Useful resource space and to comply with up on the sulphide mineralization, together with the Mamba and Adder zones in addition to a number of different targets beneath the saprolite mineralization, continues to generate constructive drill ends in each saprolite and sulphide domains and demonstrates sturdy potential to additional improve the up to date March 2022 Anaconda Space Mineral Useful resource estimate.

2022 Mali Exploration Drilling Program

In 2022, B2Gold is conducting an roughly 161,000 m drill program on the Fekola Advanced with a finances of roughly $35 million, together with drill packages on the Fekola North deposit to additional check the underground mineralization potential, and on the Anaconda Space, together with the Mamba, Adder, Anaconda, Cascabel, Viper, and Cobra zones. To this point in 2022, B2Gold has accomplished roughly 116,000 m of mixed diamond, reverse circulation and aircore drilling on targets close to the Fekola Mine and the Anaconda Space. As well as, roughly 9,000 m of drilling has been accomplished thus far on the newly acquired Bakolobi allow.

Click on right here to view Determine 1. Fekola Advanced Overview  

Anaconda Space Exploration

Mamba Zone

Ongoing exploration within the Anaconda Space continues to generate constructive drill ends in each saprolite and sulphide domains and demonstrates upside potential to the up to date Anaconda Space Mineral Useful resource estimate, constrained inside a conceptual pit shell at a gold value of $1,800 per ounce, which included an preliminary Indicated Mineral Useful resource estimate of 32,400,000 tonnes at 1.08 g/t gold for a complete 1,130,000 ounces of gold, and an Inferred Mineral Useful resource estimate of 63,700,000 tonnes at 1.12 g/t gold for two,280,000 ounces of gold.

Drilling focusing on the deeper parts of the Mamba Major sulphide shoot has been notably profitable, as demonstrated by the outcomes of holes BND_108, BND_101, and BND_104, confirming the continuity of the excessive grade sulphide mineralization and lengthening the Mamba Major sulphide shoot to over 700 m down plunge. The outcomes from holes MSD_228 and MSD_226 recommend that a number of excessive grade sulphide shoots could also be current within the Mamba Zone. Ongoing drilling will proceed to check the potential for Fekola-style, south plunging our bodies of sulphide mineralization, which stay open down plunge.

Click on right here to view Determine 2. Mamba Lengthy Part

Roughly 1.2 kilometers north of the Mamba Major sulphide shoot, gap BND_093 returned 2.06 g/t gold over 22.75 m from 199.55 m, demonstrating further sulphide potential at Mamba NE which is hosted in a separate northeast-trending construction from the Mamba Major mineralization.

Three drill rigs are presently drilling the Mamba Zone, with roughly 16,000 m to be accomplished in the course of the the rest of 2022.

Choose outcomes from the Mamba Zone exploration drilling embrace:

Observe: Saprolite composites are reported above a 0.2 g/t gold cutoff and sulphide composites above 0.6 g/t gold cutoff, making use of a most inside dilution of 5 m.

Cobra Zone (2 kilometers east of the Mamba Zone)

The Cobra Zone has over 8 kilometers of recognized strike extent, from Menankoto South to the southern finish of the Bakolobi allow. The Cobra Zone is being focused as a supply of further sulphide mineralization inside the Anaconda Space. Latest drilling highlights embrace gap MSD_227, which intersected 2.02 g/t gold over 25.30 m (roughly 20 m true width) from 201.70 m, and 6.75 g/t gold over 13.80 m from 244.40 m, confirming the potential for financial grade and width combos within the sulphide mineralization. Nearer to floor, gap MSR_959 intersected 3.33 g/t gold over 12.00 m from 107.00 m in saprolite mineralization. The Firm believes that the Cobra Zone could prolong onto the Bakolobi allow and are presently drilling this extension goal.

Click on right here to view Determine 3 – Menankoto – Bakolobi Drill Targets

Choose outcomes from the Cobra Zone exploration drilling embrace:

Observe: Saprolite composites are reported above a 0.2 g/t gold cutoff and sulphide composites above 0.6 g/t gold cutoff, making use of a most inside dilution of 5 m.

Three drill rigs are presently drilling the Cobra Zone, with roughly 18,000 m to be accomplished in the course of the the rest of 2022.

2022 Fekola and West Mali Regional Exploration

For the rest of 2022, the Firm will concentrate on comply with up drilling to increase the recognized sulphide mineralization on the Anaconda Space, together with the Mamba, Cobra and Adder zones, and a number of other different targets beneath the saprolite mineralization, with roughly 45,000 m to be accomplished general.

In April 2022, the Firm acquired the Bakolobi allow, which is positioned between the Menankoto South allow and the Medinandi allow, masking an space of 100 km² and offering roughly 25 kilometers of contiguous exploration potential alongside the prolific Senegal-Mali Shear Zone. An preliminary 9,000 m of aircore drilling and reverse circulation drilling has been accomplished because the acquisition. Drilling is targeted on the southward extension of recognized sources within the Adder Zone and also will check the southward extension of sulphide mineralization on the Cobra Zone. The Firm believes that the Bakolobi allow is a extremely potential space that has the potential to supply for the near-term addition of each saprolite and sulphide hosted gold deposits.

B2Gold’s acquisition of Oklo Assets Restricted and its flagship Dandoko mission, which is anticipated to be accomplished on September 19, 2022, will prolong the footprint of B2Gold’s exploration in Mali to over 1,700 km² and add the Dandoko mission’s JORC 2012 compliant Measured and Indicated Mineral Useful resource estimate of 8.70 million tonnes at 1.88 g/t gold for 528,000 ounces of gold and an Inferred Mineral Useful resource estimate of two.63 million tonnes at 1.67 g/t gold for 141,000 ounces of gold, to B2Gold’s quickly rising Mineral Useful resource stock within the area. The Firm believes there may be sturdy potential to increase the mineralization on the Dandoko mission. Preliminary drilling on the Dandoko mission is predicted to begin within the fourth quarter of 2022.

Anaconda Growth Replace

In 2022, the Firm budgeted $33 million for growth of infrastructure for Section I saprolite mining on the Anaconda Space, together with street development. Primarily based on the up to date Mineral Useful resource estimate and B2Gold’s preliminary planning, the Firm has demonstrated {that a} pit located on the Anaconda Space may present selective greater grade saprolite materials (common grade of two.2 g/t gold) to be trucked to and fed into the Fekola mill at a charge of 1.5 million tonnes every year. With the anticipated closing of the acquisition of Oklo and its flagship Dandoko mission on September 19, 2022, the Firm is presently evaluating its choices for the timing and sourcing of fabric on a regional foundation from all deposits inside the Fekola Advanced space (together with Fekola, Cardinal, Dandoko, Bakalobi and the Anaconda Space). This up to date analysis is predicted to be accomplished by the tip of 2022, with first saprolite manufacturing now anticipated within the second quarter of 2023. Topic to acquiring all crucial permits and completion of a closing growth plan, the Firm intends to begin its deliberate Section I infrastructure growth within the fourth quarter of 2022. Trucking of selective greater grade saprolite materials to the Fekola mill would improve the ore processed and annual gold manufacturing from the Fekola mill, with the potential so as to add a mean of roughly 80,000 to 100,000 ounces of gold per yr to the Fekola mill’s annual manufacturing.

Primarily based on the up to date Mineral Useful resource estimate and the 2022 exploration drilling outcomes, the Firm has commenced a Section II scoping research to evaluation the mission economics of setting up a stand-alone mill close to the Anaconda Space. Topic to receipt of a constructive Section II scoping research, the Firm expects that the saprolite materials would proceed to be trucked to and fed into the Fekola mill in the course of the development interval for the Anaconda Space stand-alone mill.

QA/QC on Pattern Assortment and Assaying

The first laboratories for Fekola are SGS Laboratories in Bamako, Mali and Bureau Veritas Laboratories in Abidjan, Cote d’Ivoire. Periodically, exploration samples shall be analyzed on the Fekola Mine laboratory. At every laboratory, samples are ready and analyzed utilizing 50-gram fireplace assay with atomic absorption end and/or gravimetric end. Umpire assays are used to watch lab efficiency month-to-month.

High quality assurance and high quality management procedures embrace the systematic insertion of blanks, requirements and duplicates into the core, reverse circulation and aircore drilling pattern strings. The outcomes of the management samples are evaluated frequently with batches re-analyzed and/or resubmitted as wanted. All outcomes acknowledged on this announcement have handed B2Gold’s high quality assurance and high quality management protocols.

About B2Gold Corp.

B2Gold is a low-cost worldwide senior gold producer headquartered in Vancouver, Canada. Based in 2007, as we speak, B2Gold has working gold mines in Mali, Namibia and the Philippines and quite a few exploration and growth tasks in numerous international locations together with Mali, Colombia, Finland and Uzbekistan. B2Gold forecasts complete consolidated gold manufacturing of between 990,000 and 1,050,000 ounces in 2022.

Certified Individuals

Tom Garagan, Senior Vice President of Exploration at B2Gold, a professional individual beneath NI 43-101, has reviewed and authorized the data contained on this information launch.

ON BEHALF OF B2GOLD CORP.

“Clive T. Johnson”                                                   
President and Chief Govt Officer                                 

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Manufacturing steerage introduced on this information launch mirror complete manufacturing on the mines B2Gold operates on a 100% mission foundation. Please see our Annual Info Type dated March 30, 2022 for a dialogue of our possession curiosity within the mines B2Gold operates.

This information launch contains sure “forward-looking info” and “forward-looking statements” (collectively “forward-looking assertion”) inside the that means of relevant Canadian and United States securities laws, together with: projections; outlook; steerage; forecasts; estimates; statements concerning future or estimated monetary and operational efficiency, gold manufacturing and gross sales, revenues and money flows, and capital prices (sustaining and non-sustaining) and working prices, and together with, with out limitation: statements concerning the Transaction, together with, with out limitation, the completion of the Oklo transaction, together with receipt of all crucial regulatory approvals, together with from the TSX and NYSE MKT, and the satisfaction of situations; complete consolidated gold manufacturing of between 990,000 and 1,050,000 ounces in 2022. All statements on this information launch that deal with occasions or developments that we count on to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic info and are usually, though not all the time, recognized by phrases resembling “count on”, “plan”, “anticipate”, “mission”, “goal”, “potential”, “schedule”, “forecast”, “finances”, “estimate”, “intend” or “imagine” and comparable expressions or their detrimental connotations, or that occasions or situations “will”, “would”, “could”, “may”, “ought to” or “would possibly” happen. All such forward-looking statements are based mostly on the opinions and estimates of administration as of the date such statements are made.

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B2Gold’s forward-looking statements are based mostly on the relevant assumptions and components administration considers affordable as of the date hereof, based mostly on the data obtainable to administration at such time. These assumptions and components embrace, however will not be restricted to, assumptions and components associated to B2Gold’s capability to hold on present and future operations, together with: the length and results of COVID-19  on our operations and workforce; growth and exploration actions; the timing, extent, length and financial viability of such operations, together with any mineral sources or reserves recognized thereby; the accuracy and reliability of estimates, projections, forecasts, research and assessments; B2Gold’s capability to fulfill or obtain estimates, projections and forecasts; the provision and price of inputs; the worth and marketplace for outputs, together with gold; international trade charges; taxation ranges; the well timed receipt of crucial approvals or permits; the flexibility to fulfill present and future obligations; the flexibility to acquire well timed financing on affordable phrases when required; the present and future social, financial and political situations; and different assumptions and components usually related to the mining trade.

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SOURCE B2Gold Corp.