Torrent Gold: Drill-Prepared Exploration in Nevada

Exploration Highlights

• Excessive grade outcomes from the Mamba Essential Zone, together with gap BND_108 with 5.89 grams per tonne (“g/t”) gold over 28.70 meters (“m”) from 455.45 m , gap BND_101 with 3.76 g/t gold over 32.08 m from 299.00 m , and gap BND_104 with 3.33 g/t gold over 14.30 m from 362.70 m , which collectively verify and lengthen the continuity of the excessive grade sulphide mineralization of the sulphide shoot to over 700 m down plunge, offering a robust indication of the potential for Fekola-style our bodies of sulphide mineralization, which stay open at depth.
• Sturdy preliminary outcomes from the Cobra Zone, positioned 2 kilometers east of the Mamba Zone, together with gap MSD_227 with 2.02 g/t gold over 25.30 m from 201.70 m , and 6.75 g/t gold over 13.80 m from 244.40 m , confirming the potential for financial grade and width combos within the sulphide mineralization. The Firm believes that the Cobra Zone might lengthen onto the Bakolobi allow and are presently drilling this extension goal.
• Ongoing drilling by the Firm on the Anaconda Space to infill and lengthen the saprolite Mineral Useful resource space and to observe up on the sulphide mineralization, together with the Mamba and Adder zones in addition to a number of different targets beneath the saprolite mineralization, continues to generate optimistic drill leads to each saprolite and sulphide domains and demonstrates robust potential to additional improve the up to date March 2022 Anaconda Space Mineral Useful resource estimate.

2022 Mali Exploration Drilling Program

In 2022, B2Gold is conducting an roughly 161,000 m drill program on the Fekola Complicated with a price range of roughly $35 million , together with drill applications on the Fekola North deposit to additional take a look at the underground mineralization potential, and on the Anaconda Space , together with the Mamba, Adder, Anaconda , Cascabel, Viper, and Cobra zones. To this point in 2022, B2Gold has accomplished roughly 116,000 m of mixed diamond, reverse circulation and aircore drilling on targets close to the Fekola Mine and the Anaconda Space . As well as, roughly 9,000 m of drilling has been accomplished so far on the newly acquired Bakolobi allow.

Click on right here to view Determine 1. Fekola Complicated Overview

Anaconda Space Exploration

Mamba Zone

Ongoing exploration within the Anaconda Space continues to generate optimistic drill leads to each saprolite and sulphide domains and demonstrates upside potential to the up to date Anaconda Space Mineral Useful resource estimate, constrained inside a conceptual pit shell at a gold value of $1,800 per ounce, which included an preliminary Indicated Mineral Useful resource estimate of 32,400,000 tonnes at 1.08 g/t gold for a complete 1,130,000 ounces of gold, and an Inferred Mineral Useful resource estimate of 63,700,000 tonnes at 1.12 g/t gold for two,280,000 ounces of gold.

Drilling focusing on the deeper parts of the Mamba Essential sulphide shoot has been notably profitable, as demonstrated by the outcomes of holes BND_108, BND_101, and BND_104, confirming the continuity of the excessive grade sulphide mineralization and increasing the Mamba Essential sulphide shoot to over 700 m down plunge. The outcomes from holes MSD_228 and MSD_226 counsel that a number of excessive grade sulphide shoots could also be current within the Mamba Zone. Ongoing drilling will proceed to check the potential for Fekola-style, south plunging our bodies of sulphide mineralization, which stay open down plunge.

Click on right here to view Determine 2. Mamba Lengthy Part

Roughly 1.2 kilometers north of the Mamba Essential sulphide shoot, gap BND_093 returned 2.06 g/t gold over 22.75 m from 199.55 m , demonstrating further sulphide potential at Mamba NE which is hosted in a separate northeast-trending construction from the Mamba Essential mineralization.

Three drill rigs are presently drilling the Mamba Zone, with roughly 16,000 m to be accomplished in the course of the the rest of 2022.

Choose outcomes from the Mamba Zone exploration drilling embody:

Notice: S aprolite composites are reported above a 0.2 g/t gold cutoff and sulphide composites above 0.6 g/t gold cutoff, making use of a most inner dilution of 5 m .

Cobra Zone (2 kilometers east of the Mamba Zone)

The Cobra Zone has over 8 kilometers of identified strike extent, from Menankoto South to the southern finish of the Bakolobi allow. The Cobra Zone is being focused as a supply of further sulphide mineralization throughout the Anaconda Space . Current drilling highlights embody gap MSD_227, which intersected 2.02 g/t gold over 25.30 m (roughly 20 m true width) from 201.70 m , and 6.75 g/t gold over 13.80 m from 244.40 m , confirming the potential for financial grade and width combos within the sulphide mineralization. Nearer to floor, gap MSR_959 intersected 3.33 g/t gold over 12.00 m from 107.00 m in saprolite mineralization. The Firm believes that the Cobra Zone might lengthen onto the Bakolobi allow and are presently drilling this extension goal.

Click on right here to view Determine 3 – Menankoto – Bakolobi Drill Targets

Choose outcomes from the Cobra Zone exploration drilling embody:

Notice: S aprolite composites are reported above a 0.2 g/t gold cutoff and sulphide composites above 0.6 g/t gold cutoff, making use of a most inner dilution of 5 m .

Three drill rigs are presently drilling the Cobra Zone, with roughly 18,000 m to be accomplished in the course of the the rest of 2022.

2022 Fekola and West Mali Regional Exploration

For the rest of 2022, the Firm will concentrate on observe up drilling to increase the identified sulphide mineralization on the Anaconda Space, together with the Mamba, Cobra and Adder zones, and a number of other different targets beneath the saprolite mineralization, with roughly 45,000 m to be accomplished general.

In April 2022, the Firm acquired the Bakolobi allow, which is positioned between the Menankoto South allow and the Medinandi allow, masking an space of 100 km ² and offering roughly 25 kilometers of contiguous exploration potential alongside the prolific Senegal-Mali Shear Zone. An preliminary 9,000 m of aircore drilling and reverse circulation drilling has been accomplished because the acquisition. Drilling is targeted on the southward extension of identified sources within the Adder Zone and also will take a look at the southward extension of sulphide mineralization on the Cobra Zone. The Firm believes that the Bakolobi allow is a extremely potential space that has the potential to offer for the near-term addition of each saprolite and sulphide hosted gold deposits.

B2Gold’s acquisition of Oklo Assets Restricted and its flagship Dandoko undertaking, which is anticipated to be accomplished on September 19, 2022 , will lengthen the footprint of B2Gold’s exploration in Mali to over 1,700 km ² and add the Dandoko undertaking’s JORC 2012 compliant Measured and Indicated Mineral Useful resource estimate of 8.70 million tonnes at 1.88 g/t gold for 528,000 ounces of gold and an Inferred Mineral Useful resource estimate of two.63 million tonnes at 1.67 g/t gold for 141,000 ounces of gold, to B2Gold’s quickly rising Mineral Useful resource stock within the area. The Firm believes there may be robust potential to increase the mineralization on the Dandoko undertaking. Preliminary drilling on the Dandoko undertaking is predicted to start within the fourth quarter of 2022.

Anaconda Improvement Replace

In 2022, the Firm budgeted $33 million for growth of infrastructure for Part I saprolite mining on the Anaconda Space , together with street building. Primarily based on the up to date Mineral Useful resource estimate and B2Gold’s preliminary planning, the Firm has demonstrated {that a} pit located on the Anaconda Space may present selective larger grade saprolite materials (common grade of two.2 g/t gold) to be trucked to and fed into the Fekola mill at a charge of 1.5 million tonnes each year. With the anticipated closing of the acquisition of Oklo and its flagship Dandoko undertaking on September 19, 2022 , the Firm is presently evaluating its choices for the timing and sourcing of fabric on a regional foundation from all deposits throughout the Fekola Complicated space (together with Fekola, Cardinal, Dandoko, Bakalobi and the Anaconda Space ). This up to date analysis is predicted to be accomplished by the tip of 2022, with first saprolite manufacturing now anticipated within the second quarter of 2023. Topic to acquiring all obligatory permits and completion of a closing growth plan, the Firm intends to start its deliberate Part I infrastructure growth within the fourth quarter of 2022. Trucking of selective larger grade saprolite materials to the Fekola mill would improve the ore processed and annual gold manufacturing from the Fekola mill, with the potential so as to add a mean of roughly 80,000 to 100,000 ounces of gold per 12 months to the Fekola mill’s annual manufacturing.

Primarily based on the up to date Mineral Useful resource estimate and the 2022 exploration drilling outcomes, the Firm has commenced a Part II scoping examine to assessment the undertaking economics of establishing a stand-alone mill close to the Anaconda Space . Topic to receipt of a optimistic Part II scoping examine, the Firm expects that the saprolite materials would proceed to be trucked to and fed into the Fekola mill in the course of the building interval for the Anaconda Space stand-alone mill.

QA/QC on Pattern Assortment and Assaying

The first laboratories for Fekola are SGS Laboratories in Bamako, Mali and Bureau Veritas Laboratories in Abidjan, Cote d’Ivoire . Periodically, exploration samples can be analyzed on the Fekola Mine laboratory. At every laboratory, samples are ready and analyzed utilizing 50-gram fireplace assay with atomic absorption end and/or gravimetric end. Umpire assays are used to watch lab efficiency month-to-month.

High quality assurance and high quality management procedures embody the systematic insertion of blanks, requirements and duplicates into the core, reverse circulation and aircore drilling pattern strings. The outcomes of the management samples are evaluated frequently with batches re-analyzed and/or resubmitted as wanted. All outcomes acknowledged on this announcement have handed B2Gold’s high quality assurance and high quality management protocols.

About B2Gold Corp.

B2Gold is a low-cost worldwide senior gold producer headquartered in Vancouver, Canada . Based in 2007, in the present day, B2Gold has working gold mines in Mali , Namibia and the Philippines and quite a few exploration and growth initiatives in numerous nations together with Mali , Colombia , Finland and Uzbekistan . B2Gold forecasts complete consolidated gold manufacturing of between 990,000 and 1,050,000 ounces in 2022.

Certified Individuals

Tom Garagan , Senior Vice President of Exploration at B2Gold, a professional individual beneath NI 43-101, has reviewed and authorised the data contained on this information launch.

ON BEHALF OF B2GOLD CORP.

“Clive T. Johnson”
President and Chief Govt Officer

For extra info on B2Gold please go to the Firm web site at www.b2gold.com or contact:

The Toronto Inventory Alternate and NYSE American LLC neither approve nor disapprove the data contained on this information launch.

Manufacturing steering introduced on this information launch mirror complete manufacturing on the mines B2Gold operates on a 100% undertaking foundation. Please see our Annual Data Kind dated March 30, 2022 for a dialogue of our possession curiosity within the mines B2Gold operates.

This information launch consists of sure “forward-looking info” and “forward-looking statements” (collectively “forward-looking assertion”) throughout the which means of relevant Canadian and United States securities laws, together with: projections; outlook; steering; forecasts; estimates; statements relating to future or estimated monetary and operational efficiency, gold manufacturing and gross sales, revenues and money flows, and capital prices (sustaining and non-sustaining) and working prices, and together with, with out limitation: statements relating to the Transaction, together with, with out limitation, the completion of the Oklo transaction, together with receipt of all obligatory regulatory approvals, together with from the TSX and NYSE MKT, and the satisfaction of circumstances; complete consolidated gold manufacturing of between 990,000 and 1,050,000 ounces in 2022. All statements on this information launch that handle occasions or developments that we anticipate to happen sooner or later are forward-looking statements. Ahead-looking statements are statements that aren’t historic information and are typically, though not at all times, recognized by phrases similar to “anticipate”, “plan”, “anticipate”, “undertaking”, “goal”, “potential”, “schedule”, “forecast”, “price range”, “estimate”, “intend” or “consider” and comparable expressions or their adverse connotations, or that occasions or circumstances “will”, “would”, “might”, “may”, “ought to” or “would possibly” happen. All such forward-looking statements are primarily based on the opinions and estimates of administration as of the date such statements are made.

Ahead-looking statements essentially contain assumptions, dangers and uncertainties, sure of that are past B2Gold’s management, together with dangers related to or associated to: the period and extent of the COVID-19 pandemic, the effectiveness of preventative measures and contingency plans put in place by the Firm to answer the COVID-19 pandemic, together with, however not restricted to, social distancing, a non-essential journey ban, enterprise continuity plans, and efforts to mitigate provide chain disruptions; escalation of journey restrictions on individuals or merchandise and reductions within the means of the Firm to move and refine doré; the volatility of metallic costs and B2Gold’s frequent shares; adjustments in tax legal guidelines; the hazards inherent in exploration, growth and mining actions; the uncertainty of reserve and useful resource estimates; not attaining manufacturing, value or different estimates; precise manufacturing, growth plans and prices differing materially from the estimates in B2Gold’s feasibility and different research; the flexibility to acquire and preserve any obligatory permits, consents or authorizations required for mining actions; environmental rules or hazards and compliance with advanced rules related to mining actions; local weather change and local weather change rules; the flexibility to exchange mineral reserves and determine acquisition alternatives; the unknown liabilities of corporations acquired by B2Gold; the flexibility to efficiently combine new acquisitions; fluctuations in trade charges; the provision of financing; financing and debt actions, together with potential restrictions imposed on B2Gold’s operations because of this thereof and the flexibility to generate enough money flows; operations in international and creating nations and the compliance with international legal guidelines, together with these related to operations in Mali , Namibia , the Philippines and Colombia and together with dangers associated to adjustments in international legal guidelines and altering insurance policies associated to mining and native possession necessities or useful resource nationalization typically, together with in response to the COVID-19 outbreak; distant operations and the provision of sufficient infrastructure; fluctuations in value and availability of power and different inputs obligatory for mining operations; shortages or value will increase in obligatory gear, provides and labour; regulatory, political and nation dangers, together with native instability or acts of terrorism and the results thereof; the reliance upon contractors, third events and three way partnership companions; the dearth of sole decision-making authority associated to Filminera Assets Company, which owns the Masbate Venture; challenges to title or floor rights; the dependence on key personnel and the flexibility to draw and retain expert personnel; the chance of an uninsurable or uninsured loss; antagonistic local weather and climate circumstances; litigation threat; competitors with different mining corporations; group help for B2Gold’s operations, together with dangers associated to strikes and the halting of such operations occasionally; conflicts with small scale miners; failures of data techniques or info safety threats; the flexibility to take care of sufficient inner controls over monetary reporting as required by regulation, together with Part 404 of the Sarbanes-Oxley Act; compliance with anti-corruption legal guidelines, and sanctions or different comparable measures; social media and B2Gold’s repute; dangers affecting Calibre having an impression on the worth of the Firm’s funding in Calibre, and potential dilution of our fairness curiosity in Calibre; in addition to different components recognized and as described in additional element beneath the heading “Danger Elements” in B2Gold’s most up-to-date Annual Data Kind, B2Gold’s present Kind 40-F Annual Report and B2Gold’s different filings with Canadian securities regulators and the U.S. Securities and Alternate Fee (the “SEC”), which can be considered at www.sedar.com and www.sec.gov , respectively (the “Web sites”). The listing is just not exhaustive of the components which will have an effect on B2Gold’s forward-looking statements

B2Gold’s forward-looking statements are primarily based on the relevant assumptions and components administration considers affordable as of the date hereof, primarily based on the data out there to administration at such time. These assumptions and components embody, however should not restricted to, assumptions and components associated to B2Gold’s means to hold on present and future operations, together with: the period and results of COVID-19  on our operations and workforce; growth and exploration actions; the timing, extent, period and financial viability of such operations, together with any mineral sources or reserves recognized thereby; the accuracy and reliability of estimates, projections, forecasts, research and assessments; B2Gold’s means to fulfill or obtain estimates, projections and forecasts; the provision and value of inputs; the value and marketplace for outputs, together with gold; international trade charges; taxation ranges; the well timed receipt of obligatory approvals or permits; the flexibility to fulfill present and future obligations; the flexibility to acquire well timed financing on affordable phrases when required; the present and future social, financial and political circumstances; and different assumptions and components typically related to the mining business.

B2Gold’s forward-looking statements are primarily based on the opinions and estimates of administration and mirror their present expectations relating to future occasions and working efficiency and converse solely as of the date hereof. B2Gold doesn’t assume any obligation to replace forward-looking statements if circumstances or administration’s beliefs, expectations or opinions ought to change aside from as required by relevant regulation. There might be no assurance that forward-looking statements will show to be correct, and precise outcomes, efficiency or achievements may differ materially from these expressed in, or implied by, these forward-looking statements. Accordingly, no assurance might be provided that any occasions anticipated by the forward-looking statements will transpire or happen, or if any of them do, what advantages or liabilities B2Gold will derive therefrom. For the explanations set forth above, undue reliance shouldn’t be positioned on forward-looking statements.

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SOURCE B2Gold Corp.

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