B2Gold Reveals Masbate's Exploration Results For 2013


News: Canadian mining company B2Gold has announced exploration and resource drilling results from the Masbate Gold Mine located in the Philippines. The 26,902 metres (m) drilling operation has identified an extension to the previously mined Montana Vein which extends up to 850m northwest from the Montana open pit. This has resulted in extending the strike length of the Montana Vein to 1,300m. Additionally, 2014 foresees an aggressive exploration programme worth US$6.2mn, with five diamond drill rigs currently working. The 2014 programme will include metallurgical and resource drilling operations on several mine Veins. The Masbate open pit mine is expected to produce 0.19mn to 0.2mn ounces of gold in 2014.

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Related sectors of this article: Mining
Geography: Philippines