On Thursday night, Canada’s B2Gold reported a positive initial inferred resource estimate of 17.5 million tonnes at 2.01 grams per tonne gold for 1.13 million ounces of gold for its Toega project in Burkina Faso.
The project’s mineralised zone extends 1200m along strike, is 430m wide and up to 400m deep, with the zone open along strike to the northeast and down-dip.
B2Gold said early indications suggest the potential for an open pit.
Macquarie was impressed by the resource, with it beating grade expectations.
“We think B2Gold could have a tiger by the tail with its Toega discovery in Burkina Faso,” analysts said.
“Given its Hemlo-type characteristi...