Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonian Drilling Project Ends Sept -

http://allafrica.com/stories/201105230818.html

Caledonia Nama Limited, a wholly-owned subsidiary of Caledonia,
holds four contiguous large-scale mining licences,
which cover an area of 806 square kilometres
on the northern extension of the Zambian Copperbelt
and hosts open-pittable near-surface low-grade cobalt/copper
mineralisation.

This area lays immediately north-west of the operating Konkola
Copper Mine (KCM) and adjoins the extensive holdings of KONNOCO.



http://www.caledoniamining.com/nam1.php

Gold higher at 1658.30 (+16.33). Silver 31.622 (+0.264).
Dollar lower.
Euro steady. Stocks called higher.
Treasuries mixed.


Caledonia Mining Corporation Joins OTCQX
NEW YORK, Oct. 17, 2011 /PRNewswire/ --

OTC Markets Group Inc. (OTCQX: OTCM), the financial information
and technology services company that provides the world's largest
electronic marketplace for broker-dealers to trade over-the-
counter ("OTC") stocks, announced that
Caledonia Mining Corporation
(OTCQX: CALVF; TSX: CAL; AIM: CMCL),
an African focused mining, development and exploration company,
is now trading on the highest tier of the OTC market, OTCQX®.

Caledonia Mining will begin trading today on the OTC market's
prestigious tier, OTCQX International.
Investors can find current financial disclosure and Real-Time
Level 2 quotes for the Company on
http://www.otcqx.com
and
http://www.otcmarkets.com

"OTCQX provides the highest level of visibility and access to U.S.
investors possible in the OTC marketplace," said R. Cromwell
Coulson, President and Chief Executive Officer of OTC Markets
Group. "We are pleased to welcome Caledonia Mining to OTCQX."

Collins Stewart LLC will serve as Caledonia Mining's
Principal American Liaison ("PAL") on OTCQX, responsible for
providing guidance on OTCQX requirements.

About Caledonia Mining Corporation.

Caledonia Mining Corporation
(OTCQX: CALVF; TSX: CAL; AIM: CMCL) trades in the United States
on OTCQX under the symbol "CALVF", in Canada on TSX under the
symbol "CAL" and in the United Kingdom on the Alternative
Investment Market of the London Stock Exchange under the symbol
"CMCL".
Caledonia Mining is an African focused mining, development and
exploration company.
Caledonia's main assets are the Blanket gold mine in Zimbabwe,
which produces 40,000 oz of gold per annum,
the Nama Cobalt/Copper Project in Zambia
and the Rooipoort & Mapochs PGE Projects in South Africa.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest
electronic marketplace for broker-dealers to trade unlisted
stocks.
Our OTC Link™ platform supports an open network of competing
broker-dealers that provide investors with the best prices in
over 10,000 OTC securities.
We categorize the wide spectrum of OTC-traded companies into
three tiers -
OTCQX (the quality-controlled marketplace for investor friendly
companies),
OTCQB® (the U.S. reporting company marketplace for development
stage companies),
and OTC Pink™ (the speculative trading marketplace) -
so investors can identify the level and quality of information
companies provide.
To learn more about how OTC Markets Group makes the unlisted
markets more transparent, informed, and efficient, visit
http://www.otcmarkets.com


Subscribe to the OTCQX RSS Feed at http://syndicate.otcmarkets.com/syndicate/rssPinkNews.xml

SOURCE OTC Markets Group Inc.


Back
http://tmx.quotemedia.com/article.php?newsid=45284580&qm_symbol=CAL

Caledonia Mining Corporation is a well diversified company -



The Blanket Gold Mine located in Zim have many advantages

CALVF GOLD's low cost of Gold $585.0 per ounce for the production leader -

CALVF's BLANKET GOLD MINE Production Au 40,000 oz/year -

http://www.caledoniamining.com/pdfs/CALPres05262011.pdf
http://www.caledoniamining.com/pdfs/CALPres05192011.pdf
http://www.caledoniamining.com/blanket2test2.php
http://www.caledoniamining.com/blanket3test2.php

CALVF's A target production rate of 100,000 oz per annum -

http://www.caledoniamining.com/blanket4test2.php

CALEDONIA MINING CORP. A Profitable Gold Miner!
(CAL:TSE) (CALVF:US) (AIM,LONDON:CMCL)

http://www.caledoniamining.com/blanket.php

CAL Production Cost Au US$585.0 per ounce -

CAL has 800+ mine workers and located 268 old Gold Mines
workings on the 100% owned large Blanket Gold Mines Property -

Gold Mines Producers to Fly HIGH -



CALVF from pennies to above $6.-/sh -
twice before - top trend line > $6.-/sh est.
CALVF 3rd time run UP GO>GO

CALVF drilling on NAMA, drilling results out soon -
world class cobalt-copper-belt type mineralization -

http://www.caledoniamining.com/nam1.php

CALVF has some advantages with comparison to USA and Canada -
e.g., low taxes;
Corporate Income tax at 25% -
lower labour cost but a happy work force -
Indigenisation program Mugabe talked about for 20 years -
but the leading Peoples opposition don't want -
year 2015 is a deadline -
self declared king pin Mugabe 88yrs old is sadly in serious
cancer sickness -
Blanket Gold Mines Project -
the capacity of the secondary and tertiary crushers was increased
to over 2,000 tpd and the capacity of the rod mills was
increased to 1,800 tpd.
The product from the regrind mill is pumped into a carbon
in leach ("CIL") plant consisting of eight, 600 cubic meter
leach tanks equipped with 45 kW agitators where leaching
at 50% solids and simultaneous adsorption of dissolved gold
onto activated carbon takes place.
The CIL plant has a design capacity of 3,800 tonnes of milled ore
per day.
Elution of the gold from the loaded carbon and electro winning
is done on site.
Gold is deposited onto wire wool cathodes, the loaded cathodes
are acid-digested and the resultant gold solids are smelted
to produce gold bullion of approximately 90% purity, prior
to Blanket exporting it directly to Rand Refinery in South Africa
for final refining and sale.
The full proceeds of sale (i.e. before payment of any royalty)
are paid to Blanket's foreign currency account with a commercial
bank within approximately 7 days of receipt of the gold by Rand
Refineries.
http://www.caledoniamining.com/blanket3test2.php



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God Bless