A total of N$171 million (About $9 million) has been budgeted for exploration at B2Gold’s Otjikoto mine in 2024, the largest program since the definition of the Wolfshag discovery in 2012.
This was said this week by B2Gold which further highlighted that the focus of the exploration program will be drilling the recently discovered Antelope deposit, located approximately 3 km south of Phase 5 of the Otjikoto open pit, with a total of 39,000 m of drilling planned.
Notably, B2Gold is planning another year of extensive exploration in 2024 with a budget of approximately N$1.2 billion.
“A significant focus will be exploration at the Back River Gold District, with the goal of enhancing and growing the significant resource base at the Goose Project and surrounding regional targets. In Namibia, the exploration program at the Otjikoto Mine will be the largest program since 2012. In Mali, the exploration program will be a more strategic search for near-mine, near-surface sources of additional sulphide-related gold mineralization.
“In the Philippines, the exploration program at Masbate will focus on converting inferred mineral resource areas and expanding the existing open pits. Early-stage exploration programs will continue in Finland, the Philippines and Cote d’Ivoire in 2024. Finally, the search for new joint ventures and strategic investment opportunities will continue, building on existing equity investments in Snowline Gold Corp. and Matador Mining Ltd,” said the gold miner.