B2Gold Corp TSX:BTO announced assays from its Cebollati Gold Project in Uruguay and La Libertad Mine in Nicaragua. Cebollati results include
5.69 g/t gold, 9.95 g/t silver, 0.04% lead and 0.02% zinc over 23.9 metres (including 11.59 g/t gold, 13.77 g/t silver, 0.07% lead and 0.03% zinc over 11.2 metres)
5.67 g/t gold, 19.52 g/t silver, 0.04% lead and 0.03% zinc over 7.6 metres
1.74 g/t gold, 11.66 g/t silver, 0.01% lead and 0.04% zinc over 16.3 metres (including 4.18 g/t gold, 11.07 g/t silver, 0.02% lead and 0.03% zinc over 5.5 metres)
La Libertad results include
19.52 g/t gold and 28.46 g/t silver over 6.6 metres
4.9 g/t gold and 16.18 g/t silver over 15.3 metres
9.12 g/t gold and 27.98 g/t silver over 6.8 metres
9.6 g/t gold and 19.14 g/t silver over 5.4 metres
2.56 g/t gold and 13.59 g/t silver over 20.5 metres.
B2Gold has an option with Weeping Apple SA, a private Uruguayan company, to earn an 80% interest in Cebollati by paying US$1 million by January 31, 2012, funding all exploration work, completing a feasibility study and making a per-ounce gold payment and an NSR.
La Libertad began production in January 2010. With an initial seven-year mine life, it is estimated to produce 80,000 to 90,000 gold ounces annually at a cash cost of approximately $500 per ounce.
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VP of Investor Relations
or Kerry Suffolk
by Greg Klein