Hole OT12-344 stepped out 100 metres south from OTG25, which returned 19.81 metres grading 15.0 g/t gold (see news release dated December 11, 2012), and intersected a series of stacked mineralized zones in what is inferred to be the eastern side of the Wolfshag zone. The WA zone returned 27.10 metres grading 2.05 g/t gold, including 6.55 metres grading 5.19 g/t gold, and the lower zones 4.25 metres grading 6.48 g/t gold and 1.95 metres grading 6.30 g/t gold. Hole OT12-345 stepped out 100 metres south from OT12-344 and returned 35.70 metres grading 4.82 g/t gold, including 5.50 metres at 10.14 g/t gold and 4.20 metres at 13.64 g/t gold. Abundant visible gold was associated with the higher grade portions of the zone. It is inferred that OT12-345 intersected the central portion of the main high grade zone. The downdip extensions of the main Otjikoto style, pyrrhotite+pyrite rich quartz-carbonate-garnet vein systems were intersected in the upper portion of the hole with 8.55 metres grading 4.91 g/t gold (2.60 g/t gold with individual assays cut to 45 g/t gold) starting at 53.35 metres down hole and 14.50 metres grading 1.65 g/t gold starting at 226.50 metres.
Three historic holes, OT219, OT228 and OT96, were deepened to test for the southern extension of the Wolfshag zone. Hole OT219, on section 7200N, intersected a series of mineralized zones within a broad zone of strongly albitized and carbonate altered schists and 'chalky' calcite-clay-pyritic shears, with the best interval grading 3.74 g/t gold over 4.30 metres. Hole OT228, 75 metres to the west of OT219, was deepened and intersected zones of strong pyrite-magnetite replacement mineralization within the steep western marble horizon and narrower zones of veining within embayments of albitite in the marble. The main zone of mineralization returned 14.60 metres at 0.41 g/t gold and while lower grade it is inferred that the main zone of mineralization is immediately to the east of this deepened hole. Similarly, hole OT96 was deepened and intersected the western marble with localized zones of Wolfshag style mineralization and carbonate-albite alteration, suggesting the mineralized system may extend an additional 400 metres south from OT219.
Three diamond drill rigs are currently active on the property, focused on the exploration and definition of the Wolfshag zone and parallel structures. An initial resource estimate for the zone is expected by year end. The Otjikoto exploration budget for 2013 is $8.0 million. More drill results will be released as they are available.
B2Gold's Quality Assurance / Quality Control
Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the rock sample strings. The primary laboratory for Otjikoto is ALS Minerals in Vancouver where samples are analysed by fire assay / gravimetric finish using one assay tonne. Samples are prepared at Intertek Genalysis, Walvis Bay. Bureau Vertitas, Swakopmund, Namibia, is the umpire laboratory. All results stated in this announcement have passed B2Gold's quality assurance and quality control ("QA/QC") protocols. Tom Garagan is the Qualified Person as defined under National Instrument 43-101.
ON BEHALF OF B2GOLD CORP.
Tom Garagan, Senior Vice President of Exploration
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.
The Toronto Stock Exchange neither approves nor disapproves the information contained in this News Release.
Vice President, Investor Relations
Manager, Investor Relations
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