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: