Caledonia Mining Corporation (CMCL)

[NYBob]

As you can see, gold would need to trade closer to $10,000 per ounce
to cover all the paper issued over the period.

This confirms, in my mind, that although gold is rising rapidly
towards $2,000 an ounce, gold investors need not fear that it is
in a bubble or that its upward momentum is nearing an end.



http://www.gold-eagle.com/editorials_08/conrad112211.html

Happy Thanksgiving and Safety to all -

Great Caledonia Mining presentation and confirms my decision to buy more -

http://www.caledoniamining.com/pdfs/CALPres11212011.pdf

CAL.C Caledonia Mining C Com TA ST Very Bullish Technical Analysis -
All TA Bullish Across the Board -
Overall Short Intermediate Long
Bullish (0.41) Very Bullish (0.54) Bullish (0.33) Bullish (0.36)

http://www.stockta.com/cgi-bin/analysis.pl?symb=CAL.C&num1=21&cobrand=&mode=stock

CALVF Chart Weekly LT TI MACD Alert Buy Zone -



CALVF chart TA alert bull breakout overdue -



CALVF not much available -
http://www.otcqx.com/qx/market/quote?symbol=calvf

Caledonia 3rd Q's Recorded Net Profit of $8,442,000 compared
to $742,000 in the comparative quarter which represents
an 11-fold increase -

Caledonia Mining says Q3 after-tax profit reaches $6.1 million -
By The Canadian Press | November 10, 2011


TORONTO - Caledonia Mining Corp. (TSX:CAL) says it made an
after-tax profit of $6.1 million in the third quarter,
or $1.23 per share.

That was a handsome increase over the $742,000, or 15 cents
per share, the company made in the same period a year ago.
Caledonia's quarterly revenue was $16.6 million compared to
$6.3 million in the third quarter of 2010.

The increase in profit was primarily due to an 18 per cent boost
in gold production and a 15 gain in the average price of gold.

Toronto-based Caledonia is an African-focused miner with the
operations in Zimbabwe, South Africa and Zambia.

In late August, Caledonia said it had resolved a dispute with
Zimbabwe over the future ownership of the company's
Blanket gold mine.


Carbon in Leach Circuit.


Secondary Crushing & Screening Circuit feeding the Mill bin.

http://www.caledoniamining.com/blanket3test2.php

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


Genset Hall: Interior (Date taken 10 May 2011)


Genset Hall, showing gantry lifting system
(Date taken, 10 May 2011)

Other Exploration Projects







Eagle Vulture Gold Mine: headgear, winder house and compressor house
on the extreme right (February 2011)



Blanket will continue its exploration activities on other
brownfield projects subject to the availability of funding.
These activities will include detailed sampling and pitting of
the previously identified gold anomalies in order to determine
the potential scale of the mineralisation.



While larger occurrences will be followed up and drilled by
Blanket itself, the smaller prospects may be combined with
adjoining claims held by third parties such that viable mining
entities may be formed. Blanket would retain an interest in
such properties.


New headgear above the existing
Mascot God Mine shaft which extends
down to 4 Level 150 m below surface
(taken September 2010).

On certain of its properties, Blanket has already entered into
tribute agreements with indigenous, small-scale miners.
The tribute agreements provide for Blanket to receive a royalty
in respect of any production from the relevant properties.
Tribute agreements also allow Blanket full visibility of the
results of any exploration and mining activities that are
undertaken on the properties by the tributee.

Blanket has brownfields Gold Mines projects in the vicinity of
the existing mine operations, many of which were mined
commercially from the early 1900s until the 1960's.

At the time of their closure, only the highest grade portions
of these mines had been extracted, leaving significant amounts
of lower grade mineralisation in the workings.

In addition, these old ore shoots remain open to depth and
require further exploration to determine their full potential.


New headgear, winders and winder house and compressor
installed for the purpose of sinking a new shaft down
to Level 4 (approx. 150m below surface).

Advances in exploration, mining and metallurgical technologies
over the last 40 years means that such old workings
may now potentially be economically viable on a sustainable
basis and not just because of the high gold prices which
currently prevail.

Some of these workings therefore have substantial infrastructure
in place which facilitates more rapid underground access
for exploration, development, evaluation and the potential
resumption of mining activity.

Blanket has commenced exploration on certain of these areas
in order to better assess their suitability for further
development as potential satellite operations, providing
sources of broken ore for the existing Blanket metallurgical
plant.

Blanket already has installed facilities to receive broken ore
by road from satellite mines and it has substantial surplus
capacity in its crushing, milling and CIL circuits.

The brownfield projects that have been prioritised as targets
for immediate exploration development -

GG Gold Mines Project -
is located approximately 7 km south of the existing
Blanket Gold Mines operations -

The GG targeted ore body occurs in sheared and altered basaltic
rocks of the Mafic unit (like Blanket's ore shoots) and
old workings are limited to shallow excavations.

Blanket carried out a preliminary geological investigation
followed up by a 16-hole diamond drilling program which
showed encouraging gold values over highly varying widths.

Gold enrichment is associated with arsenopyrite which occurs
in quartz shears within broad zones of bleaching
(carbonate and mica alteration).

The highest grades are associated with the intersection of
two vertical shear zones and therefore follow a steep shoot
structure with a strike of about 150 meters.

The mining of exploratory drives, raises and cross-cuts will
be required to determine the shape of the mineralisation
in 3D and hence determine the optimal shape of the shoot
for mining purposes.

Work commenced on excavating a 140 meter deep exploration shaft
in May 2010 and underground development is expected to
commence on the 60 m and 120 m levels in late 2011.

Pre-sink work has been completed and the headgear and a winder
have been installed.

This development will provide the exposure necessary to map
out the geology and evaluate the mineralisation, as well
as provide a bulk sample of reef material for metallurgical
testing.

All reef development ore that can be treated profitably at
Blanket's metallurgical plant will be sent there for treatment.
In the event that the GG prospect is shown to be viable,
production could re-commence with more work of investments -





http://investorshub.advfn.com/boards/board.aspx?board_id=5294

http://www.canadianbusiness.com/article/56339--caledonia-mining-says-q3-after-tax-profit-reaches-6-1-million

Gold targets: $6,000 – $7,000 – $10,000:

http://goldswitzerland.com/index.php/gold-entering-a-virtuous-circle-egonvongreyerz/

GOLD chart TA Alert LT 2nd Wave Bull Run



Note. its often 5 wave in LT Futures Bull Runs

China world trying to corner commodities in Gold and Food futures -

imo i think this is china world trying to corner commodities
by mick

E.g.,
Keep an eye on CALVF Gold Mines -
Get it before China pick up the Au bargain -

CALVF's Blanket Gold Mines production targeted 60,000 oz gold 2011



http://www.caledoniamining.com/pdfs/CALPres05262011.pdf

http://www.caledoniamining.com/pdfs/CALPres05192011.pdf

http://www.caledoniamining.com/blanket2test2.php CAL:TSE -

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

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

Gold Mines Producers often 1st of the Au Bulls to Fly HIGH ~
Got CALVF Au & Cu -
Shona Mashona Masonic Zimbabwe -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59249631

http://www.caledoniamining.com

God Bless


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65504488