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B2Gold defines initial resources for Toega gold deposit at Kiaka

B2Gold Corp. on Feb. 22 reported an initial resource estimate for the Toega deposit at its Kiaka gold project in Burkina Faso.

At a cutoff of 0.6 g/t of gold, the deposit hosts inferred resources containing 1.13 million ounces of gold within 17.5 million tonnes of ore grading 2.01 g/t, indicating open pit potential.

Mineralization has been defined along 1,200 meters of strike, with a width of 430 meters and a depth of up to 400 meters, and remains open along strike to the north-northeast and downdip.

The company noted that the estimate incorporates data from 165 drillholes totaling 37,776 meters and uses a pit shell based on a gold price of US$1,400/oz and an average 86.2% gold recovery rate.

B2Gold also reported that recent drilling intersected a potential new gold zone, returning a highlight of 22.2 meters grading 3.24 g/t of gold. Drilling is ongoing to infill and better define the Toega zone and to further test the new zone.