B2Gold Announces Drilling Results from its 2024 Exploration Program at the Goose Project; Drill Results at the Nuvuyak Deposit and Mammoth Target Demonstrate Potential to Further Extend the Mine Life at the Goose Project
B2Gold Corp. announces positive exploration drilling results from its 2024 drilling campaign at the Goose Project in Nunavut, Canada. The company completed 25,126 meters of drilling over 68 drill holes, with a $28 million exploration budget. Key highlights include high-grade mineralization discoveries at the Nuvuyak deposit and Mammoth target, with significant intersections including 6.39 g/t gold over 28.80m at Nuvuyak and 17.45 g/t gold over 10.96m at Mammoth. The Umwelt deposit drilling confirmed high-grade gold mineralization continuity, with several holes returning higher grades than predicted. These results demonstrate potential to extend mine life and increase mineral resources at the Goose Project.
B2Gold Corp. annuncia risultati positivi di esplorazione dai risultati di perforazione della sua campagna di perforazione del 2024 al Goose Project in Nunavut, Canada. L'azienda ha completato 25.126 metri di perforazione su 68 fori di perforazione, con un budget per l'esplorazione di 28 milioni di dollari. I punti salienti includono scoperte di mineralizzazione ad alta legge presso il deposito Nuvuyak e il target Mammoth, con notevoli intersezioni tra cui 6,39 g/t di oro su 28,80 m al Nuvuyak e 17,45 g/t di oro su 10,96 m al Mammoth. La perforazione del deposito Umwelt ha confermato la continuità della mineralizzazione aurifera ad alta legge, con diversi fori che hanno restituito livelli superiori a quelli previsti. Questi risultati dimostrano il potenziale per estendere la vita della miniera e aumentare le risorse minerarie al Goose Project.
B2Gold Corp. anuncia resultados positivos de perforación de exploración de su campaña de perforación 2024 en el Proyecto Goose en Nunavut, Canadá. La compañía completó 25,126 metros de perforación en 68 pozos, con un presupuesto de exploración de 28 millones de dólares. Los aspectos destacados incluyen descubrimientos de mineralización de alta ley en el depósito Nuvuyak y el objetivo Mammoth, con intersecciones significativas que incluyen 6.39 g/t de oro sobre 28.80m en Nuvuyak y 17.45 g/t de oro sobre 10.96m en Mammoth. La perforación en el depósito Umwelt confirmó la continuidad de la mineralización de oro de alta ley, con varios pozos recuperando leyes más altas de lo previsto. Estos resultados demuestran el potencial para extender la vida útil de la mina y aumentar los recursos minerales en el Proyecto Goose.
B2Gold Corp.는 캐나다 누나부트의 구스 프로젝트에서 2024년 시추 캠페인으로부터 긍정적인 탐사 시추 결과를 발표했습니다. 회사는 25,126미터의 시추를 68개의 시추 홀에서 완료했으며, 탐사 예산은 2,800만 달러입니다. 주요 하이라이트로는 누부유악(Nuvuyak) 광상과 맘모스(Mammoth) 목표지점에서 발견된 고품위 광물화가 포함되어 있으며, 누부유악에서 28.80m당 6.39g/t 황금 및 맘모스에서 10.96m당 17.45g/t 황금의 주요 교차점이 포함됩니다. 움벨트(Umwelt) 광상 시추는 고품위 금 광물화의 연속성을 확인했으며, 여러 홀에서 예측보다 높은 등급을 기록했습니다. 이러한 결과는 구스 프로젝트에서 채광 수명을 연장하고 광물 자원을 증가시킬 수 있는 잠재력을 보여줍니다.
B2Gold Corp. annonce des résultats positifs d'exploration issus de sa campagne de forage 2024 au projet Goose au Nunavut, au Canada. L'entreprise a complété 25 126 mètres de forage dans 68 forages, avec un budget d'exploration de 28 millions de dollars. Les points saillants incluent des découvertes de minéralisation à haute teneur au dépôt de Nuvuyak et à la cible Mammoth, avec des intersections significatives telles que 6,39 g/t d'or sur 28,80 m à Nuvuyak et 17,45 g/t d'or sur 10,96 m à Mammoth. Le forage au dépôt Umwelt a confirmé la continuité de la minéralisation aurifère à haute teneur, plusieurs forages ayant retourné des grades supérieurs à ceux prévus. Ces résultats démontrent le potentiel d'augmenter la durée de vie de la mine et d'accroître les ressources minérales au projet Goose.
B2Gold Corp. gibt positive Ergebnisse der Explorationsbohrungen aus der Bohrkampagne 2024 im Goose-Projekt in Nunavut, Kanada, bekannt. Das Unternehmen hat 25.126 Meter Bohrungen über 68 Bohrlöcher abgeschlossen, mit einem Explorationsbudget von 28 Millionen Dollar. Wichtige Highlights sind Entdeckungen von hochgradiger Mineralisierung im Nuvuyak-Vorkommen und im Mammoth-Ziel, mit signifikanten Durchschlägen von 6,39 g/t Gold über 28,80 m im Nuvuyak und 17,45 g/t Gold über 10,96 m im Mammoth. Die Bohrungen im Umwelt-Vorkommen bestätigten die Kontinuität der hochgradigen Goldmineralisierung, wobei mehrere Löcher höhere Gehalte als vorhergesagt zurückgaben. Diese Ergebnisse zeigen das Potenzial, die Lebensdauer der Mine zu verlängern und die Mineralressourcen im Goose-Projekt zu erhöhen.
- High-grade gold mineralization discovered at Nuvuyak deposit (6.39 g/t gold over 28.80m)
- Significant gold intersection at Mammoth target (17.45 g/t gold over 10.96m)
- Umwelt deposit drilling exceeded resource model predictions with multiple high-grade intersections
- Results indicate potential for mine life extension and resource increase
- None.
Insights
The exploration results from B2Gold's Goose Project demonstrate significant potential for resource expansion and mine life extension. The high-grade intersections at multiple deposits are particularly noteworthy:
- Nuvuyak deposit:
6.39 g/t gold over 28.80m, including23.49 g/t over 6.45m - Mammoth target:
17.45 g/t gold over 10.96m, including68.61 g/t over 2.51m - Umwelt deposit: Multiple high-grade intersections, including
29.49 g/t gold over 22.79m
The
The structural controls on mineralization at the Goose Project show a predictable pattern, with gold concentrations occurring at the intersection of steep brittle-ductile zones and folded banded iron formations. The exploration success across multiple targets - Nuvuyak, Mammoth and Llama - demonstrates the effectiveness of the structural modeling approach in targeting new mineralization.
The systematic exploration program, combining drilling with geophysics and surface sampling, has established continuity between known deposits and identified new potential resource areas. The extensive 25,126-meter drilling program across 68 holes provides robust data for resource modeling and future mine planning.
VANCOUVER, British Columbia, Nov. 13, 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 its 2024 drilling campaign at the Goose Project, part of the Back River Gold District in Nunavut, Canada. All dollar figures are in United States dollars unless otherwise indicated.
For 2024, B2Gold approved a
As of November 7, 2024, B2Gold had completed 25,126 m of drilling over 68 drill holes at the Goose Project, including 14,480 m over 40 drill holes at the Umwelt deposit, 3,899 m over 14 drill holes at the Llama deposit area, 6,610 m over 13 exploration target drill holes, and 137 m over one metallurgical hole at the Goose Main deposit. Significant drill hole locations from 2024 are shown on the map in Figure 1.
Goose Project Drill Results Highlights
- Exploration drilling intersected high-grade mineralization 1,000 m west and down plunge of the Goose Main deposit at the Goose Project’s Nuvuyak deposit
- Drill hole 24GSE-683Z1 returned 6.39 grams per tonne (“g/t”) gold over 28.80 m from 982.20 m, including a higher-grade interval of 23.49 g/t gold over 6.45 m and 4.66 g/t gold over 20.94 m from 1,037.16 m, including 8.60 g/t gold over 9.62 m; and
- This result demonstrates the continuity of high-grade zones within the Nuvuyak deposit by extending high-grade gold mineralization approximately 150 m to the north-northwest.
- Exploration drilling also intersected high-grade mineralization at the Mammoth target 450 m up plunge of the Nuvuyak deposit towards the Goose Main deposit
- Mammoth drill hole 24GSE-687Z1 returned 17.45 g/t gold over 10.96 m from 837.14 m, including a higher-grade interval of 68.61 g/t gold over 2.51 m;
- Mammoth drilling tested down plunge of the fold between the Nuvuyak deposit and the Hook target; and
- This result demonstrates that the Nuvuyak and Mammoth zones have strong potential for future underground mining.
- The Nuvuyak deposit and Mammoth target are not included in the existing Goose Project mine plan; these exploration results demonstrate potential to further increase Mineral Resources and extend the mine life at the Goose Project
- Drill results for infill and mine development at the Goose Project’s Umwelt deposit confirm the continuity of high-grade gold mineralization, with several drill holes returning intercepts with higher gold grades and widths than predicted by the existing mineral resource model
- Drill hole 24GSE-671 returned 27.28 g/t gold over 11.10 m from 457.80 m;
- Drill hole 24GSE-675 returned 19.63 g/t gold over 15.95 m from 389.85 m;
- Drill hole 24GSE-677Z3 returned 9.27 g/t gold over 13.58 m from 664.25 m;
- Drill hole 24GSE-681 returned 11.18 g/t gold over 15.50 m from 779.45 m;
- Drill hole 24GSE-684B returned 29.49 g/t gold over 22.79 m from 332.25 m; and
- Drill hole 24GSE-685 returned 10.51 g/t gold over 21.45 m from 306.00 m.
- Exploration drilling intersected high-grade gold mineralization 530 m down plunge from the estimated open pit boundary at the Goose Project’s Llama deposit
- Drill hole 24GSE-663 returned 14.34 g/t gold over 27.95 m from 406.05 m, including a higher-grade interval of 54.17 g/t gold over 6.00 m and 205.00 g/t gold over 0.80 m, at a vertical depth of 370 m, which tested an area of limited drilling 530 m down plunge from the Llama open pit; and
- This result demonstrates the down plunge continuity of gold grades and widths of these mineralized structures, and the Llama deposit remains open at depth.
Figure 1. Goose Project Drill Hole Locations.
Figure 1 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed2d9455-caf1-48af-b959-515f573c3805
Goose Project Exploration
The Goose Project consists of five known deposits with existing mineral resources, Umwelt, Llama, Goose, Echo and Nuvuyak, which occur along a strike length of eight kilometers (“km”). The Company believes that exploration upside exists on all known deposits that are open at depth, as well as several zones of interest that remain relatively untested within the footprint of the favorable host banded iron formation (“BIF”) stratigraphy. At Goose, the BIF extends over 10 km in a folded package up to 1.5 km wide hosted within a northwesterly to westerly striking, steeply-dipping belt of folded, clastic sediments. Ongoing structural and data review has formed the basis of the 2024 exploration season that has drill tested several zones of interest.
The Umwelt deposit is the single largest deposit at the Goose Project and will be a significant contributor to initial production. At the Umwelt deposit, 2024 drilling finished with 14,480 m completed over 40 drill holes with gold assays received for 34 of the 40 drill holes. Implementation of directional core drilling technology (Devico) has added accuracy and cost efficiency to the program of deep and strategic drilling. Drilling was designed to increase confidence in the geometry and continuity of high-grade mineralization below the planned open pits. Drilling has shown the intersection of steeply dipping brittle-ductile high strain zones and fold-thickened BIF is the primary control on gold mineralization.
Significant 2024 drill results from the Umwelt deposit at the Goose Project include:
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Au (g/t) Capped1 |
| 24GSE671 | 457.80 | 468.90 | 11.10 | 27.28 | 21.14 |
| Incl | 464.20 | 468.30 | 4.10 | 50.97 | 34.36 |
| Incl | 465.00 | 466.00 | 1.00 | 112.00 | 50.00 |
| and | 478.85 | 506.95 | 28.10 | 4.45 | 4.28 |
| Incl | 490.35 | 496.10 | 5.75 | 14.33 | 13.50 |
| 24GSE673Z1 | 925.00 | 939.20 | 14.20 | 7.32 | 7.11 |
| Incl | 936.25 | 939.20 | 2.95 | 23.57 | 22.57 |
| 24GSE675 | 389.85 | 405.80 | 15.95 | 19.63 | 16.65 |
| Incl | 390.80 | 396.71 | 5.91 | 32.76 | N/A |
| Incl | 401.34 | 404.84 | 3.50 | 26.25 | 26.25 |
| 24GSE677Z3 | 664.25 | 677.83 | 13.58 | 9.27 | 7.79 |
| Incl | 667.45 | 669.70 | 2.25 | 42.72 | 33.79 |
| 24GSE680Z1 | 889.93 | 911.37 | 21.44 | 7.58 | 6.96 |
| Incl | 893.15 | 897.35 | 4.20 | 22.94 | 19.78 |
| Incl | 905.90 | 910.70 | 4.80 | 9.40 | 9.40 |
| 24GSE681 | 779.45 | 794.95 | 15.50 | 11.18 | 10.62 |
| Incl | 779.45 | 780.15 | 0.70 | 26.10 | 26.10 |
| Incl | 790.05 | 792.80 | 2.75 | 33.36 | 30.22 |
| 24GSE684B | 332.25 | 355.04 | 22.79 | 29.49 | 13.68 |
| Incl | 332.25 | 333.50 | 0.70 | 301.00 | 50.00 |
| Incl | 343.35 | 346.65 | 3.30 | 83.86 | 40.62 |
| Incl | 352.00 | 355.04 | 3.04 | 45.67 | 31.88 |
| 24GSE685 | 306.00 | 327.45 | 21.45 | 10.51 | 6.00 |
| Incl | 319.80 | 325.30 | 5.50 | 34.22 | 16.66 |
| Incl | 323.25 | 325.30 | 0.70 | 188.00 | 50.00 |
| 24GSE685Z1 | 310.90 | 328.05 | 17.15 | 9.49 | 9.49 |
| Incl | 319.95 | 324.70 | 4.75 | 27.24 | 27.24 |
Notes:
1. Capped at 50 g/t gold
2. Drill intercepts are perpendicular to the zones so true widths are very similar to reported drill lengths
At the Llama deposit, which outcrops 1,500 m north of the Umwelt deposit, a total of 1,428 m was drilled over seven drill holes (including three abandoned holes) in areas within the Inferred Mineral Resource boundary below the open pit. Drill hole 24GSE-668B returned 19.65 g/t gold over 8.20 m from 158.75 m, including a higher-grade interval of 37.13 g/t gold over 4.00 m.
In addition, a total of 2,471 m over seven drill holes (with two currently in progress) are testing areas down plunge from the planned Llama open pit. Drill hole 24GSE-663, which tested an area of limited drilling 530 m down plunge from the planned Llama open pit, returned 14.34 g/t gold over 27.95 m from 406.05 m at a vertical depth of 370 m, including higher-grade intervals of 54.17 g/t gold over 6.00 m and 205.00 g/t gold over 0.80 m. The drill result demonstrates the down plunge continuity of gold grades and widths of these mineralized structures, and the Llama deposit continues to remain open at depth. In addition, two drill holes totaling 1,241 m were completed 1,440 m down dip from Llama in the Llama Extension area, with assays pending. One more drill hole will be completed in 2024 at the Llama Extension area.
Significant 2024 drill results from the Llama deposit at the Goose Project include:
| Hole ID | From (m) | To (m) | Length (m) | Au (g/t) | Au (g/t) Capped1 |
| 24GSE663 | 406.05 | 434.00 | 27.95 | 14.34 | 9.91 |
| Incl | 426.50 | 432.50 | 6.00 | 54.17 | 33.50 |
| Incl | 429.35 | 430.15 | 0.80 | 205.00 | 50.00 |
| 24GSE668B | 158.75 | 166.95 | 8.20 | 19.65 | 13.50 |
| Incl | 160.75 | 164.75 | 4.00 | 37.13 | 24.53 |
| Incl | 163.00 | 163.80 | 0.80 | 113.00 | 50.00 |
Notes:
1. Capped at 50 g/t gold
2. Drill intercepts are perpendicular to the zones so true widths are very similar to reported drill lengths
Goose Project Exploration Drilling
A total of 6,610 m over 13 drill holes have been drilled at Goose Project exploration targets including Nuvuyak, Mammoth, Stovepipe, Muskox, Wing, Boomerang, Goose Neck South, Hook and Slingshot. Drilling is ongoing at the Mammoth and Hook targets. Results have been received for Nuvuyak, Mammoth and Wing, and are pending for the other targets.
Highlights to date include encouraging results at Nuvuyak and Mammoth. Nuvuyak drill hole 24GSE-683Z1 returned 6.39 g/t gold over 28.80 m from 982.20 m, including a higher-grade interval of 23.49 g/t gold over 6.45 m and 4.66 g/t gold over 20.94 m from 1,037.16 m, including 8.60 g/t gold over 9.62 m. Nuvuyak is located approximately 500 m west and 1,000 m down plunge of the Goose Main deposit and demonstrates the continuity of high-grade zones within the Nuvuyak deposit by extending high-grade gold mineralization approximately 150 m to the north-northwest. The existing Inferred Mineral Resource estimate at Nuvuyak is 2.42 million tonnes grading 7.50 g/t gold for a total of 583,000 ounces of gold.
Mammoth drill hole 24GSE-687Z1 returned 17.45 g/t gold over 10.96 m from 837.14 m, including a higher-grade interval of 68.61 g/t gold over 2.51 m. This encouraging intercept, located 450 m up plunge of Nuvuyak towards the Goose Main deposit, shows the Nuvuyak and Mammoth zones have strong potential for future underground mining.
Significant 2024 drill results from the Goose Project exploration drilling include:
| Hole ID | Area | From (m) | To (m) | Length (m) | Au (g/t) | Au (g/t) Capped1 |
| 24GSE683Z1 | Nuvuyak | 982.20 | 1,011.00 | 28.80 | 6.39 | 6.17 |
| Incl | Nuvuyak | 1,004.55 | 1,011.00 | 6.45 | 23.49 | 22.49 |
| and | Nuvuyak | 1,037.16 | 1,058.10 | 20.94 | 4.66 | 4.66 |
| Incl | Nuvuyak | 1,037.16 | 1,046.78 | 9.62 | 8.60 | 8.60 |
| 24GSE687Z1 | Mammoth | 820.40 | 823.45 | 3.05 | 8.32 | 8.32 |
| and | Mammoth | 837.14 | 848.10 | 10.96 | 17.45 | 8.57 |
| Incl | Mammoth | 837.65 | 840.16 | 2.51 | 68.61 | 29.83 |
Notes:
1. Capped at 50 g/t gold
Back River Gold District 2024 Surface Exploration Program
During 2024, regional target definition was supplemented through an integrated surface exploration program comprising of mapping, prospecting, geophysics and the collection of 1,798 till samples, 35 trenches (216 samples) and 285 rock samples in six properties including Boot, Boulder, Del, BB13, Needle and Beech. See Figure 2 for an overview of the Back River Gold District properties.
Figure 2. Back River Gold District Properties.
Figure 2 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b05478a1-4c28-4e98-903e-5b71994fc042
Geophysics consisted of ground Induced Polarization (3D-IP) in Boot and Boulder and heli-magnetics in BB13, Needle and Beech as well as re-processing of old geophysical data. In addition, a BHTEM (borehole transient electromagnetics) survey was completed over 3,800 m across five drill holes including three at the Umwelt deposit and one each at Nuvuyak and Mammoth. Results are being processed.
This work has generated new regional and near-mine targets that will be further evaluated and drill tested in 2025.
Quality Assurance/Quality Control on Sample Collection and Assaying
The primary laboratory utilized for the Back River Gold District drilling program in 2024 is ALS laboratory in North Vancouver, Canada. Core samples are prepared at the ALS preparation facility in Yellowknife with representative pulp samples sent to the ALS North Vancouver laboratory for gold analysis. Gold is analyzed by a fire assay/atomic absorption spectrometry (FA/AAS) finish using a 50 gram subsample of the coin pulp. FAs were finished with AAS, and samples with higher grades that exceeded the maximum detection limit of AAS received a supplemental gravimetric (“GRAV”) finish. All samples over 3,000 parts per billion are analyzed by FA/GRAV using a 50 gram subsample of the coin pulp. Bureau Veritas Minerals (BV) in Vancouver, Canada, is the umpire laboratory.
Quality assurance and quality control procedures include the systematic insertion of blanks and standards into the core sample strings. The results of the control samples are evaluated on a regular basis with batches re-analyzed and/or resubmitted as needed. All results stated in this announcement have passed B2Gold’s quality assurance and quality control protocols.
About B2Gold
B2Gold is a low-cost international senior gold producer headquartered in Vancouver, Canada. Founded in 2007, today, B2Gold has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada and numerous development and exploration projects in various countries including Mali, Colombia and Finland. B2Gold forecasts total consolidated gold production of between 800,000 and 870,000 ounces in 2024.
Qualified Persons
Andrew Brown, P.Geo., Vice President, Exploration, a qualified person under NI 43-101, has approved the scientific and technical information related to exploration and mineral resource matters contained in this news release.
ON BEHALF OF B2GOLD CORP.
“Clive T. Johnson”
President and Chief Executive Officer
Source: B2Gold Corp.
The Toronto Stock Exchange and NYSE American LLC neither approve nor disapprove the information contained in this news release.
Production results and production guidance presented in this news release reflect total production at the mines B2Gold operates on a
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation, including: projections; outlook; guidance; forecasts; estimates; and other statements regarding future or estimated financial and operational performance, gold production and sales, revenues and cash flows, and capital costs (sustaining and non-sustaining) and operating costs, including projected cash operating costs and AISC, and budgets on a consolidated and mine by mine basis; future or estimated mine life, metal price assumptions, ore grades or sources, gold recovery rates, stripping ratios, throughput, ore processing; statements regarding anticipated exploration, drilling, development, construction, permitting and other activities or achievements of B2Gold; and including, without limitation: remaining well positioned for continued strong operational and financial performance in 2024; projected gold production, cash operating costs and AISC on a consolidated and mine by mine basis in 2024; total consolidated gold production of between 800,000 and 870,000 ounces (including 20,000 attributable ounces from Calibre) in 2024, with cash operating costs of between
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond B2Gold's control, including risks associated with or related to: the volatility of metal prices and B2Gold's common shares; changes in tax laws; the dangers inherent in exploration, development and mining activities; the uncertainty of reserve and resource estimates; not achieving production, cost or other estimates; actual production, development plans and costs differing materially from the estimates in B2Gold's feasibility and other studies; the ability to obtain and maintain any necessary permits, consents or authorizations required for mining activities; environmental regulations or hazards and compliance with complex regulations associated with mining activities; climate change and climate change regulations; the ability to replace mineral reserves and identify acquisition opportunities; the unknown liabilities of companies acquired by B2Gold; the ability to successfully integrate new acquisitions; fluctuations in exchange rates; the availability of financing; financing and debt activities, including potential restrictions imposed on B2Gold's operations as a result thereof and the ability to generate sufficient cash flows; operations in foreign and developing countries and the compliance with foreign laws, including those associated with operations in Mali, Namibia, the Philippines and Colombia and including risks related to changes in foreign laws and changing policies related to mining and local ownership requirements or resource nationalization generally; remote operations and the availability of adequate infrastructure; fluctuations in price and availability of energy and other inputs necessary for mining operations; shortages or cost increases in necessary equipment, supplies and labour; regulatory, political and country risks, including local instability or acts of terrorism and the effects thereof; the reliance upon contractors, third parties and joint venture partners; the lack of sole decision-making authority related to Filminera Resources Corporation, which owns the Masbate Project; challenges to title or surface rights; the dependence on key personnel and the ability to attract and retain skilled personnel; the risk of an uninsurable or uninsured loss; adverse climate and weather conditions; litigation risk; competition with other mining companies; community support for B2Gold's operations, including risks related to strikes and the halting of such operations from time to time; conflicts with small scale miners; failures of information systems or information security threats; the ability to maintain adequate internal controls over financial reporting as required by law, including Section 404 of the Sarbanes-Oxley Act; compliance with anti-corruption laws, and sanctions or other similar measures; social media and B2Gold's reputation; risks affecting Calibre having an impact on the value of the Company's investment in Calibre, and potential dilution of our equity interest in Calibre; as well as other factors identified and as described in more detail under the heading "Risk Factors" in B2Gold's most recent Annual Information Form, B2Gold's current Form 40-F Annual Report and B2Gold's other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission (the "SEC"), which may be viewed at www.sedar.com and www.sec.gov, respectively (the "Websites"). The list is not exhaustive of the factors that may affect B2Gold's forward-looking statements.
B2Gold's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to B2Gold's ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; B2Gold's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
B2Gold's forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date hereof. B2Gold does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits or liabilities B2Gold will derive therefrom. For the reasons set forth above, undue reliance should not be placed on forward-looking statements.
Cautionary Statement Regarding Mineral Reserve and Resource Estimates
The disclosure in this news release was prepared in accordance with Canadian National Instrument 43-101, which differs significantly from the requirements of the United States Securities and Exchange Commission ("SEC"), and resource and reserve information contained or referenced in this news release may not be comparable to similar information disclosed by public companies subject to the technical disclosure requirements of the SEC. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.
FAQ
What were the key drilling results from B2Gold's (BTG) 2024 Goose Project exploration?
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What was B2Gold's (BTG) exploration budget for the Back River Gold District in 2024?
