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Tuesday, January 24, 2012 11:20:37 AM
TORONTO, Jan. 24, 2012 /CNW Telbec/ -
![](http://www.caledoniamining.com/images/blanket-2x3.jpg)
Caledonia Mining Corporation -
("Caledonia") (TSX: CAL) (NASDAQ-OTCQX: CALVF) (AIM: CMCL) today
announces gold production from the Blanket Mine in Zimbabwe
during Q4 2011 which ended December 31, 2011.
10,533oz gold produced during Q4 2011,
representing an 8.1% increase on Q3 2011 (9,743oz),
and a 69% increase on Q4 2010 (6,227oz)
Total 2011 gold production was 35,826oz, a 102% increase
over the annual gold production in 2010 of 17,707oz
Targeted 2012 annual gold production of 40,000oz
Blanket Production
The Company is pleased to announce a successful year at
the Blanket Mine which produced 35,826oz of gold,
an increase of 102% over the previous year.
In accordance with our aim to continuously improve operations
at Blanket, the following infrastructure, process and equipment
investment programmes were undertaken during
the final quarter of 2011:
Considerable work on the refurbishment of the 14, 18 and 22
Level underground haulages continued throughout Q4 and this
is expected to be completed by the end of Q1 2012.
This programme is essential to support and sustain our
increased underground production.
The installation of an automatic cyanide measuring and dosing
system on the CIL circuit was commissioned.
This installation is providing both better control over, and a
detectable reduction in, cyanide usage per tonne of ore milled.
Certain rectification and maintenance work on the 825m deep
No4 Shaft was commenced during November 2011.
This work is expected to be completed by the end of February
2012 and once completed will allow Blanket to increase the
speed of the No4 Shaft Winder, thereby increasing hoisting
capacity.
As noted in the Q3 MD&A, this work may have an adverse
effect on gold production in the first quarter of 2012.
A Belt Scale was installed on the No1 Conveyor Belt so that
all ore tonnages delivered from various ore sources such as
the 14 Level mid-shaft loading station, Lima, and in due
course the satellite properties such as GG and Mascot, can
be individually and accurately measured.
The re-programed computerised recording system is expected
to be commissioned during early February and the system is
then expected to facilitate further metallurgical optimisation.
Outlook
Following a year in which Caledonia has increased production
at Blanket by 102% to 35,826oz
(2010 gold production was 17,707oz),
we are now confident that we will be able to achieve our
targeted gold production of 40,000oz for
the current financial year.
Discussions with the Government of Zimbabwe regarding the
indigenisation of the Blanket Mine have continued.
Caledonia Mining Corporation
Mark Learmonth
Tel: + 27 11 447 2499
marklearmonth@caledoniamining.com
http://www.caledoniamining.com
Collins Stewart Europe Limited
John Prior or Sebastian Jones
Tel: + 44 20 7523 8350
Renmark Financial Communications Inc.
John Boidman: jboidman@renmarkfinancial.com
Nadia Marks: nmarks@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
Collins Stewart LLC
Dan Mintz
Tel: +1 212 389 8022
DMintz@collinsstewartllc.com
Newgate Threadneedle
Laurence Read/ Beth Harris/Terry Garrett
Tel: +44 207 653 9850
Further information regarding Caledonia's exploration activities and operations along with its latest financials and Management Discussion and Analysis may be found at
http://www.caledoniamining.com
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