B2Gold announces initial resource for Wolfshag zone at Otjikoto project

B2Gold announced an initial inferred resource estimate for the recently discovered Wolfshag zone at the Otjikoto gold project in Namibia of 6.8M tonnes at 3.2 grams per tonne gold containing 703,000 ounces gold. The Wolfshag zone occurs directly adjacent to the east and northeast portion of the planned Otjikoto deposit open pit which has an average grade of 1.42 g/t gold. The initial high grade inferred resource estimate for the Wolfshag zone indicates the potential for future expansion of gold production and/or increase in the mine life of the Otjikoto gold project. The Otjikoto mine construction is on budget and on schedule to commence production in Q4. The initial inferred mineral resource of the Wolfshag zone is reported within a $1,550 per ounce gold optimized Whittle pit shell above a cut-off grade of 0.5 g/t gold. The estimated inferred mineral resource for the Wolfshag zone is 6.8M tonnes at 3.2 g/t gold containing 703,000 ounces of gold.