Caledonia lifts Blanket mine resource, reserve
JOHANNESBURG (miningweekly.com) – Based on the results of a six-month diamond core drilling programme, London-listed Caledonia Mining has added 222 000 t of new inventory to the indicated resource category at its 49%-owned Blanket mine, in Zimbabwe, as well as a further 283 000 t to the inferred resource category.
The combined total of new and upgraded indicated resources of 476 750 t was in addition to the 3.47-million tons of reserves and indicated resources following a May upgrade.
This upgrade and addition represented an increase of 14% in terms of tons and 19% in terms of contained gold, equating to two years of production at 2014 production levels.
Commenting on the resource upgrade, CEO Steve Curtis said the upgrade reflected the company's increased focus on resource development at Blanket as it progressed with the revised investment plan that would boost production levels from 2016 onwards.
"The upgrade represents a significant improvement in the overall confidence level of Blanket's resources. After the upgrade announced today, the division between Blanket's resource categories has improved to 62% in the measured and indicated category and 38% in the inferred category.
“Caledonia will continue to look to increase the life-of-mine by further supplementing it with resource additions and upgrades as a result of the increased exploration activity, both at Blanket and at the satellite projects,” he noted.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation