Caledonia Mining Corporation (CMCL)

[NYBob]

Caledonia reveals exciting new aspect at Nama project -
12 March 2012 | 10:00am
StockMarketWire.com -

Caledonia Mining has revealed a new and very exciting aspect to the Nama copper/cobalt project in Zambia.

It said the latest drilling results differed markedly in mineralisation style to other properties in the region in that the zone.

It says this zone of mineralisation occurs at relatively shallow depth relative to the depth of the ore shale in the area and possibly extends to surface.

Chief executive and president Stefan Hayden said: "A sufficiently large, near-surface resource depth may therefore provide the basis for a future open-pit mining operation.

"The 2012 exploration programme will commence as soon as the rains and ground condition allow during the second quarter.

"The results should allow us to confirm and further refine our model of Nama's geology and copper resources potential."

Caledonia has sufficient cash to complete the 2012 exploration programme and intends to manage its cash resources so that it can undertake further work at Nama without raising new equity.

At 10:00am: (LON:CMCL) share price was +0.25p at 7.75p

Story provided by StockMarketWire.com
http://www.stockmarketwire.com/article/4326712/Caledonia-reveals-exciting-new-aspect-at-Nama-project.html

CALVF major shareholder Sheldon Inwentash, Bought another 50,000 shares
for himself yesterday after the NAMA N/R -

http://canadianinsider.com/node/7?ticker=CAL

http://www.caledoniamining.com/pdfs/03122012.pdf

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73189127

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73179546





dd.....

Caledonia Mining's Blanket Gold Mine producing
Gold 40,000oz/year - target Au 100,000 ounces -
low production cost Gold @ Au $583/oz - NO DEBT -
owns more than 268 old gold mines workings
to expand to and re-commission -
dd....CALVF Gold Mine producer bargain play -
with many massive Gold fields to reactivate -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70179112

- if you have any Q's don't hesitate to ask -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70259598&txt2find=nama


God Bless