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B2Gold Corp T.BTO

Alternate Symbol(s):  BTG

B2Gold Corp. is an international gold producer. The Company has operating gold mines in Mali, Namibia and the Philippines, the Goose Project under construction in northern Canada, and numerous development and exploration projects in various countries, including Mali, Colombia, and Finland. 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. The Company also owns the Gramalote Project in Colombia. It also has an interest in the Back River Gold District, which is located in Nunavut, Canada. The Back River Gold District consists of approximately five mineral claims blocks along an 80-kilometer belt. It is engaged in operating Goose Project, which is located in Nunavut, Canada.


TSX:BTO - Post by User

Bullboard Posts
Post by bcjton Nov 24, 2015 9:41am
122 Views
Post# 24319215

Article on mining.com - ZON

Article on mining.com - ZONhttps://www.mining.com/zonte-metals-mulling-legal-actions-against-colombia-after-gold-permit-rejected/ Gramalotes chances of becoming one of the first modern commercial scale gold mines in Colombia were placed on ice last year, after owners AngloGold Ashanti (NYSE: AU) and B2Gold (TSX: BTO) (NYSE: BTG) decided not to move forward on a feasibility study due to weak gold prices. But a new project that would sit on top of the Gramalote deposit and surrounding areas, may bring new life to the area, as Canadian junior explorer Zonte Metals (TSX-V: ZON) is trying to persuade Colombian authorities to grant them a permit to operate. the request was rejected on the premises the area is too small to hold a mine (less than 30 hectares), but the mining code doesn't set a minimum size for projects in open areas. According to the Nova Scotia-based company, by rejecting its application the Department of Antioquia did not processed in accordance with the countrys mining code. This, as the request was rejected on the premises the area is too small to hold a mine (less than 30 hectares), but the mining code doesn't set a minimum size for projects in open areas. However, Zonte and its local partners say they have been several applications accepted where the total area of exploration was significantly smaller, including a recently issued title that covers less than 0.1 hectares. After initially being rejected, Zonte's partner petitioned the Secretary of Mines on a number of occasions to have the application processed in accordance with the Mining Code. Although these petitions are required to be answered within a specific time frame, they typically went unanswered, or were answered months after the deadline, the company said in a statement. The company has high hopes for its project as Gramalote, located 110km northeast of Medellin, in the department of Antioquia, is reported to contain 2.535 Million ounces of gold in the total measured and indicated categories grading 0.81 g/t gold at a cut off of 0.25 g/t gold.
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