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B2Gold Corp T.BTO

Alternate Symbol(s):  BTG

B2Gold Corp. is a Canada-based gold producer. The Company has three operating mines, which include the Fekola Mine in Mali, the Masbate Mine in the Philippines, the Otjikoto Mine in Namibia. The Fekola Mine is located in southwest Mali, on the border between Mali and Senegal, approximately 500 kilometers due west of the capital city, Bamako. The Masbate Mine is located approximately 360 kilometers southeast of Manila. The Otjikoto Mine is located in the north-central part of Namibia, approximately 300 kilometers north of Windhoek and is a gold producer. In addition, the Company has an exploration and development projects in various countries, including Canada, Mali, Finland and Uzbekistan. The Company also has an interest in Back River Gold District that is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is also engaged in operating Goose Project, which is located in Nunavut, Canada.


TSX:BTO - Post by User

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Post by scissors14on Dec 02, 2016 10:05am
349 Views
Post# 25545718

Zonte Sues Over Gramalote

Zonte Sues Over GramaloteCanadas Zonte sues Colombia authorities over gold permit rejection Cecilia Jamasmie Gramalote hill, by B2Gold and AngloGold Ashanti's namesake gold project. (Image: B2Gold) Canadian junior explorer Zonte Metals (TSX-V: ZON) is going ahead with plans to sue Colombias Department of Antioquia as it claims the mining authority did not process its exploration application in accordance with the countrys mining code. Authority says wanted area is too small to become a mineand that it would interfere with AngloGold and B2Golds Gramalote project. The move comes more than two years after Halifax-based Zonte first spotted and applied for a licence to mine an area that sits on top of partnersAngloGold Ashanti (NYSE: AU) andB2Golds (TSX: BTO) Gramalote gold deposit. According to Antioquias secretary of mines, the area in dispute which measures 0 less than 30 hectares is too small to become a mine, and Zontes application would interfere with AngloGold and B2Golds project, which has actually been frozen since 2014. Zonte argues there is no minimum size on land applications specified anywhere in Colombias mining code and that there have been several applications accepted where the total area of exploration was significantly smaller, including a recently issued title covering less than 0.1 hectares. Zonte first considered applying for a Colombian land title in 2013, after identifying a number of narrow gaps between title areas otherwise known as fractional claims sitting across Gramalote, once touted as Colombias first modern commercial scale gold project. After the rejection, Zonte sought the help of a legal counsel headed by a former director at Colombias secretary of mines and its now proceeding with legal actions. The project would sit on top of the Gramalote deposit and surrounding areas. (Courtesy of Zonte Metals) The company has also responded to an AngloGold Ashanti representative who during a recent presentation about Gramalote said the fractional claims sitting over the deposit were just stories in the media. Zonte wants to make it clear that these open areas were confirmed by the Secretary of Mines in formal documentation from their review of the application, it said in the statement. The company has high hopes for its project, as the adjacent Gramalote,located 110km northeast of Medellin, in the department of Antioquia,is said to hold 2.69 million ounces of gold within 132.7 million measured and indicated tonnes grading 0.63 g gold per tonne, and 3.36 million ounces of the precious metal within 239.7 million inferred tonnes grading 0.44 g gold.
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