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Gold & silver

Caledonia Mining confirms latest gold resource update

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has followed up on its February 6, 2023, announcement concerning an update to the NI 43-101 compliant mineral resources and reserves estimates at its 64%-owned subsidiary, the Blanket mine in Zimbabwe,

Caledonia has now filed a new NI 43-101 technical report on SEDAR in support of Blanket's mineral resources and reserves estimates announced on February 6, 2023.

This report shows that total measured and indicated mineral resources, inclusive of mineral reserves, now stand at 1,095,000 ounces of gold, contained in 10.72 million tonnes of ore grading 3.18 grams per tonne.

The total mineral reserves estimate at Blanket is 395,000 ounces of gold in 3.94 million tonnes of ore at 3.12 grams.

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