GOLD NEWS

B2Gold grows Jabali gold deposit, eyes new resource

Drilling results bode well for B2Gold at the Jabali vein system; more ounces gold could translate into more gold output.

HALIFAX, NS  - 

In its latest batch of drilling results from a new mining target in Nicaragua B2Gold (TSX: BTO) cut a series of notable gold intercepts as it moves to update resources and commence open pit mining next year.

B2Gold reported on a few dozen drillholes from the Jabali vein system, nine kilometres east of B2Gold's La Libertad gold mine. The best intercepts included as much as 7 metres, true width, @ 26.87 g/t Au and 11 metres @ 13.52 g/t gold.

"These results indicate that the Jabali Zones...continue to increase in size," B2Gold stated, suggesting that in its push to update resource in March 2012 it could grow some ounces. So far B2Gold has outlined about a half million ounces @ 4.58 g/t gold at Jabali.

Any resource increase bodes well for B2Gold's Jabali mining plans, which include open-pit mining starting late next year. "This higher grade ore can be trucked to La Libertad mill for processing potentially resulting in higher annual gold production in the near term and going forward," B2Gold said.