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Caledonia Mining Corporation (CMCL)

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Caledonia Mining Corporation


Caledonia is an African focused mining and exploration company with an operating gold mine in Zimbabwe, two platinum-nickel exploration projects in South Africa and a cobalt-copper exploration project in Zambia amongst its exploration portfolio in South Africa, Zimbabwe and Zambia .


Caledonia is listed on the TSX (CAL) Toronto and on AIM (CMCL) London.

Presentation welcome to CALVF -

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


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





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


CALVF Production Cost Au $585.-- per ounce -

79th Minesite Forum - Caledonia Mining Corporation - Mark Learmonth -- 19/05/2011






Blanket Gold Mine


Located in the south-west of Zimbabwe Blanket Mine is wholly owned and operated by Caledonia, having been acquired from Kinross Gold Corporation in June 2006. The mine is 560 kms from Harare, the capital city and 150 kms from Bulawayo, the country's second largest city. The provincial capital of Matabeleland South, Gwanda town is 16 kms from the mine.

Access to the mine is by an all-weather tarred road to Gwanda, which is linked to Bulawayo by a national highway.

Blanket Gold Mine - Zimbabwe

The main railway line from South Africa passes through Gwanda. An airstrip on the outskirts of Gwanda caters for light aircraft.

Blanket mine has been producing gold since the time of the ancients. However recorded production started in 1904. Early workers tended to pick the native gold "eyes" from the pay shoots. Significant production milestones were in 1965 when Falconbridge acquired the property and immediately introduced a production culture commensurate with multinational corporations by increasing gold production to some 45 kgs/month on average and in 1993 when Kinross took over the property and built a CIL plant to add the treatment of the tailings pile to the run-of-mine ore. Gold production peaked at an average of 110 kg/month during the tailings treatment years from 1995. However tailings treatment is now completed.

To date in excess of 1 million ounces of gold have been produced from the property.


After being worked by the ancients before the 19th century, the Blanket claims were acquired by the Matabele Reefs and Estate Company who subsequently mined no less than 128 000t from 1906 to the end of 1911.

From 1912 to 1916, the Forbes Rhodesia Syndicate mined some 23,000t.

The period from 1917 to 1941 has no reliable records. It is possible the mine lay dormant as this was a period of geopolitical instability.

In 1941, F.D.A. Payne resumed mining activities accounting for some 214,000t before selling the property to Falconbridge in 1964.

The property became a significant producer from 1965 when the then new owners, Falconbridge, introduced a production culture commensurate with multinationals producing some four million tonnes of ore up to the end of September 1993, when Kinross Gold Corporation, took over the property.

Kinross immediately put into place a program of further increasing production by adding the treatment of the tailings dumps to the run-of-mine stream. By the end of 2005 the property had produced in excess of 1 million ozs of gold since records were kept.

Caledonia Mining Corporation acquired the Blanket Mine effective as at April 1, 2006.

Property Geology

The geology consists of a basal felsic unit of no known mineralisation presence.


It is generally on this lithology type that the various tailings disposal sites are located. Above this unit are the ultramafics that include the banded iron formations hosting the eastern dormant cluster and the ore bodies of the nearby Vubachikwe complex. The active Blanket ore bodies are found in the next unit, the mafics.

#1 Conveyor feeding the two Surface Primary Jaw Crushers

An andesitic unit caps this whole stratigraphy. A regional dolerite sill cuts the entire sequence from Vubachikwe through Blanket to Smiler.

Ore bodies at Blanket are epigenetic. They are associated with a later, regionally developed deformation zone characterized by areas of high strain, wrapping around relatively undeformed remnants of the original basaltic flows. It is within the higher strain regime that the wider of the ore bodies are located.

The tables below summarize the RESERVES AND RESOURCES at December 31, 2008
Cautionary Note to U.S. Investors - the United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Caledonia uses certain terms in this website - and in some cases press releases - such as "measured", "indicated", and "inferred" "resources", which the SEC guidelines generally prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F which may be secured from Caledonia, or on the SEC website at: http://www.sec.gov/edgar.shtml.
MINERAL RESERVES (@Au price US$750/oz)



Au g/t


Total Proven Ore including Pillars 1,295,000 3.88 161,400
Operating and Development Areas 2,498,000 3.78 303,400
Total Proven + Probable Ore 3,793,000 3.81 464,800
MINERAL RESOURCES (@Au price US$750/oz)



Au g/t


Indicated 531,500 3.91 66,800
Inferred 2,467,000 5.27 **
Tonnages and ounces are rounded to the nearest 100
Note ** In keeping with the requirements of NI 43-101, Inferred Resources are reported without estimates of metal quantities.
(i)  1 tonne = 1,000 kilograms = 2,204.6 pounds
Some numbers may not add due to rounding
Mr. David Grant, C. Geol., FGS, Pr. Sci. Nat., an independent consultant is the "Independent Qualified Person" for Blanket's reserves and resources as required by National Instrument 43-101 of the Canadian Securities Administrators. Mr Grant's Independent Report on Caledonia's acquisition of the Blanket Mine as required by NI 43-101 is available in the "Investor Centre-Technical Reports" section of this website. This report has also been filed on SEDAR and is available at www.sedar.com.

Page 1 * Page 2 * Page3


Caledonia Mining Corp. - Blanket Gold Mines Field &

Gold Fields Expansion and Development Projects -







Number 4 Shaft Expansion

Blanket Gold Mines -

has been producing gold since the time of the ancients time since

before King Solomon's Mines  :

Blanket Gold Mines commenced the production ramp-up to
the targeted annualized rate of 40,000 ounces of gold
by the end of 2010.




Caledonia Mining Corporation (CAL)
Exchange: Toronto Stock Exchange



Golden Valley


Eersteling Gold Mine
The 100% owned Eersteling Gold Mining Company Limited
is located 36 km south of the city of Polokwane in Limpopo Province of the Republic of South Africa, 300 km north of Johannesburg.
100% interest in Eersteling gold mine located 36 kilometers from the town of Polokwane in the rolling terrain of the Northern Province of the Republic of South Africa.  
 As of the December 31, 2005, the company had a gold resource estimate of 597,500 tonnes in the Eersteling Mine property

Location of the Eersteling Gold Mine on the map







The Eersteling Mine property has an area of 47,000 acres (19,020 hectares), extends for a distance of about 25 km and is located in the Pietersburg Greenstone belt which is of Archean age consisting of an upper and lower sequence. The upper sequence is mainly conglomerate, grit and sandstone and the lower sequence is undifferentiated mafic and ultramafic volcanic rocks and intrusives, with banded iron formation and chert. The Willemse shear feature most dominates gold mineralization in the Eersteling area.


European prospectors found the first alluvial gold deposits at Eersteling (Limpopo Province) between 1840 and 1870,,,,


Goedgevonden  - South Africa

The Corporation holds prospecting rights over the Goedgevonden diamond bearing kimberlite pipe and surrounding area. This property is located approximately 20km north of the Stilfontein gold mine in the Klerksdorp district of the North West Province in South Africa and 200km south west of Johannesburg.

In April 2005 an application for conversion of these rights was submitted in terms of the Mineral and Petroleum Resources Development Act ("MPRDA") and the rights were granted in December 2006.  An additional application for New Order Prospecting rights was submitted over an adjoining farm, Eleazar in June 2005.  It is expected that this application will be granted shortly as soon as documentary proof of BEE participation has been presented.


Previous prospecting activities carried out in the mid 1970's on Goedgevonden indicate that the pipe is oval in shape and covers a surface area of approximately 0.27 hectares.  This work also confirms that the pipe was drill intersected at a depth of 425 meters, and that further down-dip extensions remain undefined. Previous drilling reported an average diamond content of 35 to 45 carats per hundred tonnes of material ("cpht"), with one hole yielding 65 cpht.  The Corporation has not completed the work necessary to estimate a resource in terms of NI 43-101 for the Goedgevonden property.

A preliminary drilling program conducted in 2002 consisted of 7", 8" and 12" diameter reverse circulation drill holes, followed by the collection of the drill samples and diamond recovery.  Four holes were drilled in the centre of the pipe, three to a depth of 150 meters, and the other to 120 meters.  The three remaining holes were drilled to delineate the pipe in more detail.  All of the seven holes drilled entered the kimberlite at a depth of about 6 meters, and the four centrally-located holes were stopped whilst still in the kimberlite. A total of about 56 tonnes of drilling sample was collected and processed through a Van Eck and Lurie dense-media separation ("DMS") plant and wet Sortex machine. From the diamond recoveries it was confirmed that the Goedgevonden pipe was diamondiferous, and sufficient gem-quality diamonds were recovered to warrant a larger bulk sample. Geological interpretive work as well as detailed ground gravity and magnetometer surveys were completed during 2003 but there was no further exploration activity on this property as corporate resources were concentrated on the Corporation's other projects which were considered to be of higher priority in adding shareholder value.


Granting of the New Order Prospecting Rights (not yet signed) gives the Company security of tenure. Discussions are in progress with other parties with a view to realizing value by joint venture or disposal of the properties in the Goedgevonden Diamond Project.


Caledonia Mining Corporation

* The Rooipoort PGE/Au/Ni/Cu Prospect was aquired by
Eersteling Gold Mines from Rustenburg Platinum,
owned by Anglo Platinum Limited.

The property is located approximately 30 km southwest of
the Eersteling Gold Mine property and is located in an area
that saw a surge in platinum group metal exploration along
the "Platreef".

In 2004, Caledonia purchased and acquired prospecting rights
over an additional 342 hectares on the farm Grasvally,
immediately adjacent to and south of the Rooipoort property.
To date Caledonia has drilled a total of 18,450 meters in
54 holes on the Rooipoort PGE/Au/Ni/Cu Exploration Project.
This drilling covers the full 6 km strike length that makes
up the project area. Estimated inferred resource is
18,128 million tonnes at a grade of 1,1-1,34 2PGE+Au.

Native Gold
Eersteling mine, Pietersburg, South Africa

Eersteling Monuments
Region: Polokwane - Capricorn

Address: 18km from Polokwane on the N1 to Makopane

The site of the country's first gold crushing site and its first gold power plant are marked by monuments.

Eersteling also played a significant part in history, at the siege of Marabastad on 17 March 1881. The Boers brought in two old boats, with obsolete guns, and used handmade ammunition.

The round shot ammunition was handcrafted from beaten iron, beaten iron that came from the Eersteling Mining Company.


Caledonia Mining Corporation -
a Canadian registered mining, exploration, development
a Gold & Silver production corporation -
owns a diversified portfolio of carefully selected,
high quality mines and exploration properties -
in Southern Africa and Canada.

Caledonia Mining Corporation
Sector: Mining and Metals
Industry: Mining

Interview With:
Stefan Hayden
President and CEO


Dated February 01, 2008

In June 2006 Caledonia Mining acquired -
The Blanket Mines in Zimbabwe -

Mineral Reserves total 3.2 million tonnes with an average
grade of 4.24 grams per tonne and contain 439,600 ounces
of Gold.

Blanket Gold Mines commenced the production ramp-up to
the targeted annualized rate of 40,000 ounces of gold
by the end of 2010.


Blanket has claims and exploration permits in the vicinity of the existing mine operations.
Blanket intends to undertake exploration on these areas to assess their suitability for further
development as potential satellite operations, feeding crushed ore into the existing
Blanket milling and CIL plant.
Blanket claim incl. many past gold producing gold mines operations ...

Higher target ;)


Higher target ;) by tocotuga


Caledonia's two South African Gold mines have a total measured
and indicated Gold resource of 470,500 ounces and an
additional inferred resource of 2.0 million ounces -
They have considerable potential for additional Gold resources.
Active exploration is ongoing on the highly prospective
Rooipoort Platinum Project and the Eersteling Gold Mines.

Caledonia Mng. is involved in diamond exploration itself and
in Joint Ventures with major mining companies in Zambia
and Canada.

Caledonia also holds a large land position on and around the
prolific Zambia Copperbelt on which exploration continues
for copper and cobalt -

Caledonia is an African focused mining company with an exciting
cobalt development project in Zambia -

Nama Cobalt Project
Nama Group of Licences - Zambia
This group of five contiguous licences covers an area of 1,150 square
kilometres on the northern extension of the Zambian Copperbelt
and hosts open-pittable near-surface low grade cobalt /copper

Caledonia Nama Limited -
a wholly owned subsidiary of Caledonia, holds five contiguous
exploration licences in northern Zambia which host near-surface
cobalt/copper mineralization.

This area lies immediately north west of the operating
Konkola Copper mine and adjoins the extensive holdings of
Teal Mining and Exploration Limited.

In November 2006 the Zambian authorities agreed to grant a
Retention Licence to Caledonia Nama Limited in order to
enable the Company to conclude the detailed evaluation of
mineral resources outlined by earlier work.
This Retention Licence covers an area of 80,625 hectares -


Caledonia's cobalt property is called the Nama Cobalt Project.

The NI-43-101 technical report concluded that the combined
Indicated Resource for #1 Anomalies A and C at Nama -
is estimated as 121,874,000 tonnes with a weighted
average grade of 0.047% Co and 0.043% Cu.
The Nickle portion is approximately 0.015%.

This is #1 Anomalies A and C at Nama -
small area of a the large rich copperbelt property -
only one of Caledonia's many properties -

This property alone has an estimated resource of -
114,561,560 lbs of cobalt -
104,811,640 lbs of copper -
and 36,562,200 lbs of nickel -
At today's prices of $46.25/lb for cobalt -
$3.27/lb for copper -
$13.26/lb for nickel -
the marketbust.com - estimated total ore-value -
of $6,126,020,985 U.S. dollars -


The Nama Cobalt Project in Zambia -
A World Class Deposit -


Caledonia Mining about to open a unique property -



Caledonia Mining CALVF/CAL Cobalt market price -


1 year chart of Copper, Gold and Molybdenum prices:

CAL BigChart Long Term LT -

CALVF BigChart 20 year Long Term -

CALVF:Nasdaq OTCBB SChart Daily 3 year Long Term -

CALVF TA LT Fib - correction 62% done -

CALVF TA LT - oversold - undervalued -
New LT trends often +162% of previous
correction is overdue -

CAL:TSX 3mon. Short Term Chart -

CALVF:Nasdaq OTCBB SChart Daily 6 mon. Short Term -

CAL:TSE SChart Daily 6 mon. Short Term -

(905) 607-7543
(905) 607-9806

The Caledonia Mining Corporation Stock:


T.CAL MSP Detailed Quote -

Caledonia Mining Corporation (CAL)
Exchange: Toronto Stock Exchange


CALVF MSP Detailed Quote -

Caledonia Mining Corp. (CAL:TSX) -

CAL TA is ready for a LT Bull wave -


history often repeat itself -

Caledonia Mining Corp. DD ...

Caledonia Mining CALVF/CAL Cobalt market price -

Gold Spot - Au & Ag The Only Real Money -



GOLD  Spot One Year -



Gold higher lows and Higher Highs - tells the golden truth about REAL OLD GOLDEN MONEY -

Masons -





The Day The Fiat Dollar Die -
- a person / or a nation / be bankrupt -
- about the same for all, will be said -


it has happen to all fiats before -
e.g. -
not to long ago to USSR, Zimbawe, Argentina,
Germany etc. btw. -
Gold & Silver have replaced every fiat currency
for the past 3000 years -


well, good to have some Caldera -
survival food on the shelves smile

Fiat Money Will Die 2011? -



Welcome to join and enjoy Caledonia Mining -
InvestorsHub forum...
tell us your opinion and
ask your questions...
Imo. Tia.

More info about Gold & Silver Poducers -

Precious Metals Spot Price's -


The super red banksters cults -
Rothschilds World Part 1 "Glen, Rush, Michael...Here's to you boy's"


Rothschild World Part 2 "The Deep Dark Secret"



Rothschild World Part 3 "All Enemies both Foreign and Domestic"




Money Masters: Federal Reserve History part 1 of 3


Money Masters: Federal Reserve History part 2 of 3


Money Masters: Federal Reserve History part 3 of 3


A good presentation of market is explaned -
in below link -





Before the U.S. House of Representatives -
The End of Dollar Hegemony -

Welcome to Caledonia Mining Corporation discussion board
Current Price
Bid Ask Day's Range
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#4618  Sticky Note Caledonia Mining Corporation CALVF - NYBob 03/16/16 07:27:51 PM
#5753   Do they all earn 500 k? Spicknspan 04/03/20 12:10:57 AM
#5752   CMCL management cancels April dividend. Another totally unnecessary, rmarc 04/02/20 04:00:01 PM
#5751   Very smart to answer everyone's question. Spicknspan 04/01/20 08:01:43 PM
#5750   Caledonia Mining continues to produce gold in Zimbabwe, NYBob 03/30/20 03:22:30 AM
#5749   Caledonia expects no interruption to gold production currently, NYBob 03/26/20 04:21:27 AM
#5747   Caledonia Mining: Stronger Free Cash Flows from 2020 NYBob 03/21/20 01:32:38 PM
#5746   Caledonia Mining's Steve Curtis looks ahead to 'pivotal NYBob 03/21/20 01:18:17 PM
#5745   Caledonia Mining Corporation Plc Results for the Year ended NYBob 03/19/20 10:07:18 AM
#5744   Keep on holding. Gold prices going up. Perhaps Spicknspan 03/05/20 05:20:44 PM
#5743   The last dividend raise was way to small rmarc 02/26/20 02:01:06 PM
#5741   It was raised 2 months ago jsc52033 02/23/20 12:21:12 PM
#5740   NY BOB............. Cmcl is exploding and they sherman106 02/22/20 11:21:15 AM
#5739   Q4 earnings should be out soon, and they NYBob 02/21/20 03:51:35 PM
#5738   There is no excuse for Curtis to not rmarc 02/18/20 03:15:48 PM
#5737   NYBob......... The following news on Nama is sherman106 02/16/20 10:42:30 AM
#5736   Caledonia Mining > Corporation Subsidiaries > NYBob 02/13/20 05:35:56 PM
#5735   I averaged up in the $9's. Been great Spicknspan 02/11/20 04:03:12 PM
#5734   Significantly increase the dividend.The $10 share price rmarc 02/10/20 06:39:31 PM
#5733   Breaking $10 is helpful in attracting more Spicknspan 02/07/20 11:46:09 PM
#5732   mortalmyth' on 'Caledonia Mining Corporation (CMCL) NYBob 02/05/20 03:39:13 PM
#5731   Nice chart Phil, thanks much. Glad to mortalmyth 02/04/20 03:23:48 PM
#5730   Monthly Caledonia chart: philbond007 02/03/20 07:09:57 AM
#5729   Monthly Caledonia chart: philbond007 02/03/20 07:09:13 AM
#5728   Caledonia Mining's 2019 earnings to be 'substantially higher NYBob 01/31/20 06:06:27 PM
#5727   Caledonia Mining Corporation Plc: Increased earnings guidance for 2019 NYBob 01/31/20 05:46:58 PM
#5726   The reason CMCL has a much a small rmarc 01/31/20 04:25:20 PM
#5725   Current PE for Caledoonia Mining.............. sherman106 01/31/20 02:41:35 PM
#5724   Marc...... Another strong clue was the Double sherman106 01/31/20 10:23:32 AM
#5723   MARC......... You can see the 9 SMA sherman106 01/31/20 09:54:51 AM
#5722   Marc........ When YOU have the Golden Cross sherman106 01/31/20 09:45:48 AM
#5721   shermo, you better learn how to read a rmarc 01/31/20 01:02:38 AM
#5720   Marco..... Here you go, an error in Judgement............ sherman106 01/31/20 12:38:22 AM
#5719   SUCCESS of Cmcl news is on Kitco. sherman106 01/31/20 12:10:13 AM
#5718   Marco....... Of course it was NOT your sherman106 01/30/20 11:59:45 PM
#5717   Sherm posted "Cmcl BROKE thru your Triple Top"... rmarc 01/30/20 05:59:47 PM
#5716   AHAHAHAHAHAHAHAHAHAAHAHAHAHAAH.......... Cmcl BROKE thru your Triple Top....... sherman106 01/30/20 05:20:37 PM
#5715   Hi Sherm I'm right here. I have been rmarc 01/30/20 03:02:10 PM
#5714   Marc.......... We broke thru the RESISTANCE......... sherman106 01/30/20 02:37:12 PM
#5713   Marc.......... Where are you??????????? sherman106 01/30/20 02:32:37 PM
#5712   Marc......... Have you sold out yet?????????????? sherman106 01/30/20 11:01:51 AM
#5711   cmcl incred its estimate for 2019 from 1.17 jsc52033 01/30/20 09:53:57 AM
#5709   sherman106, RE: NYBob 01/23/20 02:59:15 AM
#5708   NYBOB.......... I would Email Mark Learmonth and sherman106 01/23/20 02:06:38 AM
#5707   Bw Business News: Mark Learmonth, CFO & Director NYBob 01/22/20 06:34:29 PM
#5706   sherman106 thank you; NYBob 01/22/20 06:04:46 PM
#5704   NY Bob......... Part of this article is sherman106 01/22/20 05:53:06 PM
#5703   marcie boy........ You forget that I have sherman106 01/22/20 03:59:03 PM
#5702   Good old sherm. Satisfied with the minuscule dividend rmarc 01/22/20 03:40:02 PM
#5701   Good Ole Marc........ Would be good for sherman106 01/22/20 03:19:37 PM
#5700   Canadian firm purchases 15% stake in Zimbabwe’s Blanket NYBob 01/21/20 05:31:01 PM