B2Gold’s Antelope Deposit: A New Frontier for Gold Production
Discover the exciting journey from initial discovery to the commencement of a Preliminary Economic Assessment (“PEA”) at the Antelope deposit in under two years.
Exploration and Discovery
The Antelope deposit, consisting of the Springbok Zone, the Oryx Zone, and the potential Impala structure, was unearthed in 2022 through deep drill testing by B2Gold exploration experts. Over 36,000 meters have been drilled in the Springbok Zone, with compelling results that set the stage for a promising Inferred Mineral Resource Estimate.
Initial Inferred Mineral Resource Estimate
The Springbok Zone boasts an Initial Inferred Mineral Resource of 390,000 gold ounces, meeting B2Gold’s criteria to initiate PEA-level studies for underground mining akin to the successful Wolfshag deposit. Ongoing drilling in the Oryx Zone hints at further resource expansion, promising additional gold reserves.
Future Prospects
The positive outcome of the PEA study and permit acquisition could expedite gold production at Otjikoto from the Antelope deposit by 2026, potentially enhancing overall output to over 100,000 ounces annually by 2031.
Continual Exploration and Potential
Recent drilling at the Springbok Zone indicates extensive resource potential southward and beyond, with high-grade intervals fueling optimism for future yields. The deposit’s structure and mineralization provide a solid foundation for underground mining and sustained production.
Springbok Zone Mineral Resource Breakdown
| Category | Domain | Tonnes | Gold Grade (g/t Au) | Contained Gold Ounces |
| Inferred | Springbok | 1,630,000 | 7.09 | 370,000 |
| Inferred | Other | 130,000 | 4.60 | 20,000 |
| Inferred Total | N/A | 1,750,000 | 6.91 | 390,000 |
Resource Model Methodology: The robust Mineral Resource model for the Springbok Zone showcases diligent drilling efforts and meticulous estimation processes to ensure accurate representations of the gold reserves.
Exploration Progress and Future Plans
The 2024 exploration program at the Otjikoto Mine, backed by a substantial budget, aims to continue uncovering the untapped potential of the Antelope deposit. The significant Inferred Mineral Resource at the Springbok Zone marks a critical milestone in B2Gold’s pursuit of sustained gold production for years to come.
Quality Assurance and Future Outlook
B2Gold’s unwavering commitment to quality assurance and prudent mining practices ensures the integrity of its operations and paves the way for a sustainable and prosperous future in gold production.
About B2Gold and Key Personnel
With a legacy of success and a global presence in gold mining, B2Gold continues to spearhead innovative strategies under the leadership of its dedicated team, including Andrew Brown, P.Geo., Vice President of Exploration.
Stay tuned for more updates on B2Gold’s groundbreaking exploration endeavors and the exciting developments at the Antelope deposit.