B2Gold Corp is thrilled to share encouraging exploration findings from the Antelope deposit at the Otjikoto Mine in Namibia. The deposit, encompassing the Springbok Zone, Oryx Zone, and a potential third structure, Impala, is situated approximately three kilometers south of the Otjikoto Phase 5 open pit. B2Gold envisions the Antelope deposit as a potential underground mining operation, complementing the anticipated processing of stockpiles at the Otjikoto mill from 2026 to 2031.
Highlights:
20,715 meters drilled in 37 holes at Antelope in 2023; plan to nearly double the meters in 2024.
Antelope deposit discovered in 2022; exploration budget for Otjikoto in 2024 is US$9 million.
High-grade gold mineralization found 3 km south of Otjikoto Phase 5 open pit.
Drill results suggest potential for underground development; contribution to gold production expected from 2026.
Open pit operations at Otjikoto projected to conclude in 2025; underground mining at Wolfshag to continue through 2026.
Antelope Deposit Exploration:
Notable intercepts include 12.88 g/t gold over 7.60 m at Springbok Zone and 9.86 g/t gold over 7.48 m at Oryx Zone.
Potential underground mining methods similar to Wolfshag mine considered.
Antelope deposit could supplement gold production from 2026 to 2031.
2024 Exploration Program:
US$9 million budget for 39,000 meters of drilling to define and expand Antelope deposit.
Initial Mineral Resource estimate expected by Q3 2024; scoping study for underground mining by Q1 2025.
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