Friday, February 10, 2012 12:50:52 AM
Blanket Gold Mines started production records since 1904 -
Early workers tended to mine the visible gold sections
of the pay shoots, i.e. pick the "eyes" out of the mine.
Significant early production milestones were:
in 1965 Falconbridge acquired the property and
increased gold production to an average of
approximately 45 kg per month;
in 1993 Kinross took over the property and
built an enlarged Carbon-in-Leach ("CIL") plant
with capacity of approximately 3,800 tonnes per day
("tpd") to treat an old tailings dump together with
the run-of-mine ore.
Gold production reached a level of 110 kg per month
during the tailings treatment years from 1995 to 2007.
Falconbridge and Kinross invested more than
$100 million in development cost and its
about $200 million in the current fiat currencies -
To date in excess of 1 million ounces of gold
have been produced from the property.
On April 1, 2006 a wholly-owned subsidiary of
Caledonia Mining Corporation completed the purchase
of the Blanket Mine from Kinross.
Caledonia has allowed Blanket to make considerable
capital investments in its underground, surface
and township facilities.
These investments culminated in the commissioning
of the No 4 Shaft Expansion Project at the end of
September 2010 which has increased Blanket's
underground production capacity from 500 tonnes
per day to over 1,000 tonnes per day thereby
increasing gold production capacity from
24,000 ounces per annum to approximately
40,000 per annum by the end of Q4 2010.
Note.
an enlarged Carbon-in-Leach ("CIL") mill plant
with capacity of approximately 3,800 tonnes per day
("tpd") to treat the run-of-mine ore.
The Gold Mine at current 1000 tpd -
produce Au 40,000 oz -
The Blanket Gold Mine CIL has the capacity to
produce the target Au 100.000 oz and more without
the large capital investments to the mill etc.
The other old mines underground workings start to
be re-activated for more gold ore to the CIL mill -
Note. the bottom line!
Exploration and Development of Non-Producing Claims -
http://www.caledoniamining.com/blanket4test2.php
ex..a few new gears below installed on the old mines workings -
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) -
the old GOLD mines workings being re-commissioned
http://www.caledoniamining.com/pdfs/CALPres12062011.pdf
Owned 100% of Caledonia Mining Corporation -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69665855
God Bless
Early workers tended to mine the visible gold sections
of the pay shoots, i.e. pick the "eyes" out of the mine.
Significant early production milestones were:
in 1965 Falconbridge acquired the property and
increased gold production to an average of
approximately 45 kg per month;
in 1993 Kinross took over the property and
built an enlarged Carbon-in-Leach ("CIL") plant
with capacity of approximately 3,800 tonnes per day
("tpd") to treat an old tailings dump together with
the run-of-mine ore.
Gold production reached a level of 110 kg per month
during the tailings treatment years from 1995 to 2007.
Falconbridge and Kinross invested more than
$100 million in development cost and its
about $200 million in the current fiat currencies -
To date in excess of 1 million ounces of gold
have been produced from the property.
On April 1, 2006 a wholly-owned subsidiary of
Caledonia Mining Corporation completed the purchase
of the Blanket Mine from Kinross.
Caledonia has allowed Blanket to make considerable
capital investments in its underground, surface
and township facilities.
These investments culminated in the commissioning
of the No 4 Shaft Expansion Project at the end of
September 2010 which has increased Blanket's
underground production capacity from 500 tonnes
per day to over 1,000 tonnes per day thereby
increasing gold production capacity from
24,000 ounces per annum to approximately
40,000 per annum by the end of Q4 2010.
Note.
an enlarged Carbon-in-Leach ("CIL") mill plant
with capacity of approximately 3,800 tonnes per day
("tpd") to treat the run-of-mine ore.
The Gold Mine at current 1000 tpd -
produce Au 40,000 oz -
The Blanket Gold Mine CIL has the capacity to
produce the target Au 100.000 oz and more without
the large capital investments to the mill etc.
The other old mines underground workings start to
be re-activated for more gold ore to the CIL mill -
Note. the bottom line!
Exploration and Development of Non-Producing Claims -
http://www.caledoniamining.com/blanket4test2.php
ex..a few new gears below installed on the old mines workings -
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) -
the old GOLD mines workings being re-commissioned
http://www.caledoniamining.com/pdfs/CALPres12062011.pdf
Owned 100% of Caledonia Mining Corporation -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69665855
God Bless
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