Kiaka Project

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This is the 244 km2 Kiaka exploration permit which is held in a wholly-owned Burkina Faso subsidiary of B2Gold Corp., Kiaka Gold SARL. GAMS Mining (Cyprus) owns a 10% interest which is carried to the feasibility stage. B2 acquired Kiaka after purchasing Volta Resources Inc in October 2013. The project area contains the Kiaka Deposit, which is one of the largest undeveloped gold resources in West Africa with 4.86 million ounces in Measured and Indicated Categories and 1.10 million ounces in the Inferred Category of which, 3.89 million ounces is in Proven and Probable Reserve Categories

The Kiaka Project is situated within the intersection of the Tenkedogo Belt and the Markoye Fault Zone. The deposit sits on a secondary splay off the north- trending crustal scale Markoye Fault. The main rock types within the area consist of amphibolite, schist, volcanosediments and conglomerates. More detailed work in the hanging wall of the main zone of mineralisation also indicates the presence of quartz feldspar porphyry and mafic intrusions.

The controlling structures predominantly strike northeast and are sub parallel to the geology. Frequent micro fold fabrics, structural measurements and sterographic analysis indicate that the main targets are associated with shearing. The schistosity observed is penetrative and has affected all the major lithologies. Narrow quartz veins are regularly intersected and it is the view of local geologists that the Kiaka multiple sub-parallel dilation zones were developed in a brittle-ductile shear zone, by reactivation of primary northeast striking bedding which has been dissected by late north striking dextral shears.