Caledonia Mining eyes Blanket extension after drilling beats expectations

Caledonia Mining said the life of its Blanket Mine in Zimbabwe will likely be extended after recent in-fill deep drilling produced better than expected grades and widths. Gold grades from around 1,000m below the surface at the Blanket and Eroica ore bodies ranged between 3.62 g/t to 8.8g/t over widths of 4-16 m. Mark Learmonth, chief executive, said: “We anticipate that the positive grades and widths will result in an increased overall resource, which in due course should result in the extension of the exis ...