https://www.miningweekly.com

Caledonia lifts Blanket mine’s indicated resource

28th July 2016

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The indicated resource at Zimbabwe-focused gold miner Caledonia Mining’s 49%-owned Blanket mine has increased by 343 000 t.

“The upgrade of approximately 343 000 t from inferred resource to indicated resource underscores the overall confidence level of Blanket's resources. The significant increase in new inferred resources occurred at depth and paves the way for the Phase 2 expansion programme to extend mining below the current target depth of 990 m level,” president and CEO Steve Curtis said on Thursday.

An additional 1.28-million tonnes of new inventory have also been added to the mine’s inferred resources.
 
The higher indicated resource, combined with the resources upgraded during 2015, increased the quantum of reserves and indicated resources that may be used in the life-of-mine plan from 2.93-million tonnes used for the technical report prepared by Minxcon in December 2014, to 4.89-million tonnes.

This represents an increase of 67% in terms of mineable tonnes and hence in the life of the mine.

“I am confident that the life-of-mine will be further supplemented by resource additions and upgrades as a result of the increased exploration activity, both at Blanket and also at the satellite projects,” said Curtis.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ABB Electrification
ABB Electrification

Electrifying the world in a safe, smart, and sustainable way, ABB Electrification is a global technology leader in electrical distribution and...

VISIT SHOWROOM 
Environmental Impact Management Services
Environmental Impact Management Services

EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.067 0.998s - 111pq - 2rq
Subscribe Now