by MARCUS MUSHONGA
HARARE, (CAJ News) – CALEDONIA Mining Corporation has announced an increase and upgrade to the resource base at the Blanket Mine in Zimbabwe, its 49 percent-owned subsidiary.
Based on development and diamond core drilling carried out to the end of August 2017 combined with improvements to the geological model, total measured and indicated gold ounces at Blanket have increased by 6 percent from 671 000 ounces (19 000kg) in December 2016 to 714 000 ounces announced on Thursday.
Total measured and indicated resources now stand at 5,62 million tonnes at a grade of 3,95 grammes per tonne (g/t).
Inferred gold resources at Blanket have been increased by 47 percent from 604 000 ounces in December 2016 to 887 000 ounces announced on Thursday. Total inferred resources now stand at 5,53 million tonnes at a grade of 4,99 g/t.
The resource update announced on Thursday marks the sixth successive year of sustained resource growth at Blanket, southern Zimbabwe.
Blanket’s resources have grown by approximately 69 percent.
“We are pleased to see continued positive results from our exploration activities at Blanket.
“To have consistently grown the total resource base at Blanket every year since 2011 is a commendable achievement and is testament to the great potential of the mine and to the efforts of our technical staff,” said Steve Curtis, Caledonia Chief Executive Officer, said.
– CAJ News