B2Gold Corp.

Published : January 12th, 2009

Announces Continued Positive Exploration Drill Results from the Gramalote Gold Property in Colombia

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B2Gold Corp. Announces Continued Positive Exploration Drill Results from the Gramalote Gold Property in Colombia

Vancouver, January 12, 2009 - B2Gold Corp. (TSX: BTO) ("B2Gold" or the "Company"), is pleased to announce further resource and exploration drilling results from the Gramalote property in Colombia. The Gramalote project is a 51% - 49% B2Gold - AngloGold Ashanti Ltd ("AngloGold Ashanti") joint venture, with B2Gold as the operator.

In 2008, B2Gold completed a total of 30,189 metres ("m") in 90 diamond drill holes on the Gramalote property, which is located 230 kilometres ("km") northwest of Bogota and 80 km northeast of Medellin in central Colombia. The 2008 drill program has tested the Gramalote Ridge Zone and Trinidad zones as well as several additional targets within the 85,534 hectare ("ha") property area.

Since the press release on September 4, 2008, the Company has completed a drill program of an additional 37 drill holes totaling 12,626 m drilled at the Gramalote property, which include intersections of up to 165 m of 1.6 gram per tonne gold ("g/t Au") in hole 60, 115 m of 2.0 g/t in hole 79 and 172 m of 1.1 g/t in hole 89. Highlights from the Gramalote Ridge Zone drill program as well as the final results for previously released holes 51, 57 and 58 at the Gramalote Ridge Zone are shown below.

Gramalote Ridge Zone Drill Holes 51 to 95 Assay Results

Hole #

From
(m)

To
(m)

Length
(m)

Gold
(g/t)

Gold
capped
at 17 g/t

Silver
(g/t)

Comments

GR08-051

0.00

10.20

10.20

0.96

0.86

5.22

Previously reported

and

54.55

112.40

57.85

1.33

0.95

0.67

Previously reported

and

152.90

166.00

13.10

3.13

2.55

1.12

Previously reported

and

212.50

245.65

33.15

2.53

2.53

1.91

Gramalote Ridge Zone

GR08-057

26.85

74.66

47.81

0.64

0.64

0.96

Gramalote Ridge Zone

and

257.00

299.40

42.40

1.09

1.09

1.65

Gramalote Ridge Zone

and

331.04

363.80

32.76

0.95

0.95

0.90

Gramalote Ridge Zone

GR08-058

58.60

203.15

144.55

1.13

1.07

0.94

Gramalote Ridge Zone

GR08-060

66.90

232.00

165.10

1.60

1.37

1.67

Gramalote Ridge Zone

and

268.00

296.50

28.50

1.11

1.11

1.38

Gramalote Ridge Zone

and

375.60

421.45

45.85

1.46

1.46

1.50

Gramalote Ridge Zone

GR08-061

167.93

197.56

29.63

0.60

0.60

1.29

Gramalote Ridge Zone

and

231.38

256.07

24.69

0.60

0.60

0.78

Gramalote Ridge Zone

GR08-062

242.00

258.80

16.80

1.42

1.28

0.66

Gramalote Ridge Zone

GR08-063

0.00

16.83

16.83

0.92

0.76

0.99

Gramalote Ridge Zone

and

38.46

74.89

36.43

2.01

1.84

1.10

Gramalote Ridge Zone

GR08-064

34.00

227.00

193.00

1.10

0.96

1.03

Gramalote Ridge Zone

and

319.80

375.55

55.75

0.63

0.63

1.35

Gramalote Ridge Zone

GR08-065

0.00

26.70

26.70

0.85

0.85

1.65

Gramalote Ridge Zone

and

74.00

128.00

54.00

1.18

1.18

1.18

Gramalote Ridge Zone

and

145.00

163.20

18.20

0.71

0.71

0.68

Gramalote Ridge Zone

GR08-066

29.20

57.00

27.80

0.83

0.83

0.72

Gramalote Ridge Zone

GR08-068

32.30

48.50

16.20

1.08

1.08

0.97

Gramalote Ridge Zone

GR08-071

205.17

226.15

20.98

1.21

1.21

2.06

Gramalote Ridge Zone

and

246.25

328.40

82.15

0.92

0.92

0.83

Gramalote Ridge Zone

and

358.26

387.55

29.29

0.61

0.61

0.39

Gramalote Ridge Zone

GR08-072

349.00

373.50

24.50

1.35

1.35

1.82

Gramalote Ridge Zone

and

406.10

469.45

63.35

2.14

1.57

1.36

Gramalote Ridge Zone

GR08-076

60.90

217.10

156.20

0.89

0.79

0.91

Gramalote Ridge Zone

GR08-077

0.00

73.10

73.10

1.14

1.04

1.93

Gramalote Ridge Zone

GR08-078

241.70

315.90

74.20

0.52

0.52

0.93

Gramalote Ridge Zone

and

355.00

416.85

61.85

1.61

1.49

3.21

Gramalote Ridge Zone

GR08-079

30.90

145.80

114.90

2.02

1.87

2.04

Gramalote Ridge Zone

and

173.62

191.30

17.68

4.73

4.64

4.76

Gramalote Ridge Zone

GR08-080

225.40

236.90

11.50

3.18

3.11

2.02

Gramalote Ridge Zone

and

261.15

434.00

172.85

1.34

0.92

1.66

Gramalote Ridge Zone

GR08-081

0.00

119.25

119.25

0.83

0.74

1.77

Gramalote Ridge Zone

and

150.65

169.80

19.15

1.25

1.25

0.89

Gramalote Ridge Zone

and

209.00

253.70

44.70

1.62

1.53

1.46

Gramalote Ridge Zone

GR08-082

21.24

59.80

38.56

2.63

2.40

2.58

Gramalote Ridge Zone

and

93.95

217.43

123.48

1.20

1.20

1.17

Gramalote Ridge Zone

and

256.15

297.80

41.65

2.55

2.42

1.69

Gramalote Ridge Zone

GR08-083

296.70

321.60

24.90

1.34

1.34

0.98

Gramalote Ridge Zone

and

387.65

409.65

22.00

1.33

1.33

0.71

Gramalote Ridge Zone

GR08-084

3.80

25.10

21.30

1.01

1.01

0.67

Gramalote Ridge Zone

and

56.20

173.65

117.45

1.07

1.07

0.98

Gramalote Ridge Zone

and

269.20

302.70

33.50

0.89

0.89

0.52

Gramalote Ridge Zone

GR08-086

66.80

96.10

29.30

0.63

0.63

0.50

Gramalote Ridge Zone

and

153.40

219.00

65.60

0.85

0.85

0.91

Gramalote Ridge Zone

GR08-087

21.90

91.15

69.25

1.20

1.15

1.56

Gramalote Ridge Zone

and

109.40

143.50

34.10

0.63

0.63

0.82

Gramalote Ridge Zone

GR08-088

63.38

256.10

192.72

0.83

0.83

0.96

Gramalote Ridge Zone

GR08-089

71.70

244.00

172.30

1.10

1.00

1.05

Gramalote Ridge Zone

GR08-090

0.00

25.30

25.30

1.12

1.12

2.12

Gramalote Ridge Zone

and

46.90

69.82

22.92

4.19

3.17

4.22

Gramalote Ridge Zone

and

111.10

214.95

103.85

1.82

1.74

1.32

Gramalote Ridge Zone

and

273.65

309.70

36.05

1.69

1.69

1.65

Gramalote Ridge Zone

GR08-091

62.30

82.20

19.90

1.44

1.44

0.78

Gramalote Ridge Zone

and

130.50

282.77

152.27

0.66

0.66

0.52

Gramalote Ridge Zone

GR08-092

131.00

208.40

77.40

0.64

0.64

0.43

Gramalote Ridge Zone

GR08-093

20.60

46.75

26.15

1.12

1.12

1.55

Gramalote Ridge Zone

and

122.00

161.84

39.84

0.79

0.63

0.73

Gramalote Ridge Zone

GR08-094

55.33

85.29

29.96

1.21

1.21

1.85

Gramalote Ridge Zone

and

97.97

129.50

31.53

0.96

0.96

0.92

Gramalote Ridge Zone

and

170.73

229.60

58.87

1.61

1.25

1.14

Gramalote Ridge Zone

and

273.20

384.34

111.14

0.69

0.69

0.47

Gramalote Ridge Zone

GR08-095

78.63

112.75

34.12

1.32

1.32

1.02

Gramalote Ridge Zone

These new drilling results from the Gramalote Ridge Zone confirm the good grade and consistency of gold mineralization intersected in the drill holes released earlier in 2008 (see press release dated 05/08/08). Furthermore, drilling results to date are similar to those intersected in a previous drill program completed by AngloGold Ashanti which consisted of 12,312 m in 43 holes. B2Gold plans to publish a National Instrument 43-101 compliant resource calculation for the Gramalote Ridge Zone in the next few weeks.

In addition to the Gramalote Ridge Zone drilling, 4,246 m were drilled on additional nearby targets including the Felipe Zone, the Balzal/Reina Zone, the San Antonio Zone and the Concha Sur Zone (for highlights of these results please see the tables below).

The Felipe Zone, located 130 m west of the Gramalote Ridge Zone, has been drill tested over a 280 by 340 m area by five holes totaling 1,411 m. Alteration and mineralization similar to the Gramalote Ridge Zone has been intersected. The Balzal/Reina Zones, located 180 m south from the Gramalote Ridge Zone have been drill tested over a strike length of 970 m and has also intersected alteration and mineralization similar to the Gramalote Ridge Zone.

Highlights from the other targets near Gramalote Ridge Zone are shown below.

Felipe Zone Drill Hole Assay Results

Hole #

From
(m)

To
(m)

Length
(m)

Gold
(g/t)

Gold
capped
at 17 g/t

Silver
(g/t)

Comments

GR08-062

302.15

331.00

28.85

0.95

0.94

0.89

Felipe Zone

GR08-069

297.85

313.80

15.95

1.51

1.51

1.64

Felipe Zone

GR08-095

207.70

223.90

16.20

1.20

1.20

2.09

Felipe Zone

Balzal Zone Drill Hole Assay Results

Hole #

From
(m)

To
(m)

Length
(m)

Gold
(g/t)

Gold
capped
at 17 g/t

Silver
(g/t)

Comments

GR08-075

90.04

136.52

46.48

2.03

1.81

1.66

Balzal Zone

GR08-102

9.144

30.48

21.336

0.33

0.33

0.30

Balzal Zone

GR08-103

144.54

157.9

13.36

0.34

0.34

0.47

Balzal/La Reina

La Reina Zone Drill Hole Assay Results

Hole #

From
(m)

To
(m)

Length
(m)

Gold
(g/t)

Gold
capped
at 17 g/t

Silver
(g/t)

Comments

GR08-073

0.00

26.10

26.10

2.17

2.17

0.97

La Reina Zone, collared in mineralization

GR08-100

102.34

183.18

80.84

0.39

0.39

0.36

La Reina Zone undercut

The newly discovered Trinidad Zone, located five km west of the Gramalote Ridge Zone, has been tested by 20 drill holes totaling 7,019 m. Drilling encountered similar mineralization to that of the Gramalote Ridge Zone over a 1,100 by 500 m area. The new drilling results from the Trinidad Zone confirm the good grade and consistency of gold mineralization from the first 12 holes.

Highlights from the previously announced holes (holes 1 to 12) and the additional eight drill holes (holes 13 to 20) totaling 2,282.4 m at the Trinidad Zone are shown below.

Trinidad Zone Drill Holes 1 to 20 Assay Results

Hole #

From
(m)

To
(m)

Length
(m)

Gold
(g/t)

Gold
capped
at 17 g/t

Silver
(g/t)

Comments

TR08-001

108.00

141.70

33.70

0.75

0.71

0.41

TR08-001 is outside of the Trinidad Zones

TR08-002

0.00

301.62

301.62

0.70

0.70

0.44

Trinidad Zone

Includes

119.90

229.30

109.40

1.13

1.13

0.66

Trinidad Zone

TR08-003

3.62

225.10

221.48

0.32

0.32

0.91

Trinidad Zone

Includes

3.62

31.00

27.38

0.76

0.76

3.07

Trinidad Zone

TR08-004

0.00

101.85

101.85

1.24

1.24

6.74

Trinidad Zone

TR08-005*

67.65

83.80

16.15

0.64

0.64

1.42

TR08-005 is outside of the Trinidad Zones

TR08-005*

93.40

114.96

21.56

0.32

0.32

0.47

Trinidad Zone

TR08-006

0.00

426.90

426.90

0.65

0.65

0.52

Trinidad Zone

Includes

0.00

223.40

223.40

1.00

1.00

0.70

Trinidad Zone

TR08-007

30.40

55.71

25.31

0.55

0.55

1.00

Trinidad Zone

TR08-007

121.80

152.81

31.01

0.84

0.84

0.53

Trinidad Zone

TR08-007

310.70

390.70

80.00

0.41

0.41

0.38

Trinidad Zone

TR08-008

2.40

26.25

23.85

0.93

0.93

0.59

TR08-008 is outside of the Trinidad Zones

TR08-009

119.60

161.24

41.64

0.73

0.73

0.46

Trinidad Zone

TR08-009

308.12

363.10

54.98

0.50

0.50

0.42

Trinidad Zone

TR08-010

6.50

73.05

66.55

0.36

0.36

0.49

Trinidad Zone

TR08-010

384.00

407.40

23.40

1.00

1.00

1.13

Trinidad Zone

TR08-011

25.00

123.80

98.80

0.51

0.51

0.53

Trinidad Zone

Includes

93.60

112.50

18.90

1.06

1.06

0.85

Trinidad Zone

TR08-011

158.53

212.00

53.47

0.78

0.78

0.32

Trinidad Zone

TR08-012

147.00

178.30

31.30

0.51

0.51

0.64

Trinidad Zone

TR08-012

444.50

469.70

25.20

0.45

0.45

0.31

Trinidad Zone

TR08-013

382.70

426.70

44.00

0.47

0.47

0.37

Trinidad Zone

TR08-014

0.13

113.67

113.54

0.34

0.34

0.94

Trinidad Zone

and

249.48

299.50

50.02

0.79

0.79

0.40

Trinidad Zone

TR08-015

380.67

482.40

101.73

0.83

0.83

0.68

Trinidad Zone

TR08-017

189.89

241.70

51.81

0.86

0.86

6.76

Trinidad Zone

and

276.14

296.75

20.61

0.60

0.60

0.40

Trinidad Zone

TR08-018

29.77

68.47

38.70

0.40

0.40

0.37

Trinidad Zone

and

166.07

185.64

19.57

0.37

0.37

0.91

Trinidad Zone

TR08-019

62.32

80.67

18.35

0.64

0.64

0.49

Trinidad Zone

and

129.00

164.92

35.92

0.31

0.31

1.06

Trinidad Zone

TR08-020

39.32

101.70

62.38

0.64

0.64

0.65

New zone SE of Trinidad Zone

* Assays received subsequent to previously released results

A new zone located approximately 150 m southeast of the Trinidad Zone has been discovered in hole TR08-020. Follow-up drilling of this new discovery will be undertaken in 2009. In addition, three holes totaling 1,001 m have been completed on the Cristales Zone located three km south of the Gramalote Ridge Zone. Wide zones of alteration and veining similar to the Gramalote Ridge Zone have been intersected in all three holes. Assays on this new potential zone are expected in January 2009.

In 2009, the Company plans to further explore the new zones discovered on the Gramalote property and complete a scoping study on the Gramalote Ridge Zone.

The drilling program at the Gramalote property is reviewed and the results approved by Tom Garagan, B2Gold's Qualified Person under National Instrument 43-101. The Gramalote drill program utilizes extensive QA/QC (quality assurance and quality control) protocols for assaying and core sample handling that consist of the systematic insertion of blanks, standards and duplicates as well as using a secondary laboratory for regular check assaying. Core samples are cut with a diamond saw with one-half of the core placed in sealed bags and shipped directly to ALS Chemex Labs in Bogota, Colombia for sample preparation with the pulps subsequently sent to ALS Chemex Labs in Lima, Peru for gold fire assay and ICP analyses.

On Behalf of B2GOLD CORP.

"Clive T. Johnson"
President and Chief Executive Officer

For more information on B2Gold please visit the Company web site at www.b2gold.com or contact:

Ian MacLean
Vice President, Investor Relations
604-681-8371
investor@b2gold.com

Kerry Suffolk
Manager, Investor Relations
604-681-8371
investor@b2gold.com

  

The TSX Venture Exchange neither approves nor disapproves the information contained in this News Release.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

<

B2Gold Corp.

PRODUCER
CODE : BTO.TO
ISIN : CA11777Q2099
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B2Gold is a gold producing company based in Canada.

Its main assets in production are LIMON and LIBERTAD MINE in Nicaragua, its main assets in development are OROSI in Nicaragua and GRAMALOTE in Colombia and its main exploration properties are MOCOA and QUEBRADONA in Colombia, SAN PEDRO, CALIBRE, TREBOL, EL PAVON and MESTIZA-LA INDIA in Nicaragua, BELLAVISTA in Costa Rica and CEBOLLATI in Uruguay.

B2Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 3.8 billions as of today (US$ 3.1 billions, € 2.7 billions).

Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.30, and its highest recent level on August 07, 2020 at CA$ 9.99.

B2Gold has 973 449 984 shares outstanding.

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7/17/2015Friday, July 17, 2015B2Gold Corp. Announces Results of Vote ...
7/17/2015B2Gold Corp. Announces Results of Vote for Election of Board...
4/15/2015Wednesday, April 15, 2015B2Gold Corp. Reports Record Quarter...
4/15/2015B2Gold Corp. Reports Record Quarterly Gold Production for Fi...
4/15/2015Reports Record Quarterly Gold Production for First Quarter 2...
3/16/2015CANADA STOCKS-TSX set to open higher
3/13/2015Friday, March 13, 2015B2Gold Corp. Achieved Record 2014 Quar...
3/13/2015B2Gold Corp. Achieved Record 2014 Quarterly/Full Year Produc...
3/10/2015Tuesday, March 10, 2015B2Gold Corp. Announces Commercial Gol...
3/10/2015B2Gold Corp. Announces Commercial Gold Production Ahead of S...
2/19/2015B2Gold Corp.: Fourth Quarter and Year End 2014 Results Confe...
1/21/2015B2Gold Corp. Achieves Record 2014 Fourth Quarter and Full-Ye...
1/20/2015B2Gold Announces Updated Higher Grade Gold Resource at Wolfs...
12/23/2014Tuesday, December 23, 2014Fourth Quarter Update at B2Gold Co...
12/23/2014Fourth Quarter Update at B2Gold Corp.'s Masbate Gold Mine
12/11/2014Thursday, December 11, 2014B2Gold Announces First Gold Pour ...
12/11/2014B2Gold Announces First Gold Pour at Otjikoto Ahead of Schedu...
12/9/2014Tuesday, December 9, 2014B2Gold Corp.: Masbate Mine Operatin...
12/9/2014B2Gold Corp.: Masbate Mine Operating Normally Following Typh...
11/14/2014B2Gold Reports 2014 Third Quarter Operational and Financial ...
10/28/2014B2Gold Reports 2014 Third Quarter Gold Production and Revenu...
10/24/2014Friday, October 24, 2014B2Gold Corp.: Third Quarter 2014 Res...
10/24/2014B2Gold Corp.: Third Quarter 2014 Results Conference Call
10/3/2014B2Gold Corp. and Papillon Resources Limited Complete Merger
9/22/2014B2Gold Corp.: Scheme of Arrangement Receives Final Court App...
9/12/2014B2Gold Corp. Shareholders Overwhelmingly Approve the Merger ...
8/15/2012Latest Research - Delivering another solid quarter
4/26/2012(Calibre)Calibre and B2Gold Advance the Minnesota Gold-Copper Project...
4/9/2012(Trebol)Joint News Release B2Gold Corp. Acquires Trebol and Pavon Pr...
5/4/2011Reports First Quarter 2011 Gold Production, Provides Explora...
7/26/2010Sells Interest in Kupol East and West Licenses in Russia to ...
6/21/2010Additional Positive Exploration Results ...
6/15/2010Annual General and Special Meeting Conference Call and Webca...
5/11/2010Corporate Update
8/5/2009Announces Exercise of Over-Allotment Option
7/22/2009Completes $25 Million Common Share Offering
5/20/2009May 19-09
2/9/2009Feb 9
1/27/2009Proposes a Superior Business Combination to Central Sun
7/16/2008Issue of Shares
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TORONTO (BTO.TO)NYSE (BTG)
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TORONTO
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09/26 17:00 -0.130
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