Replies to post #3228 on Caledonia Mining Corporation (CMCL)

[NYBob]

Blanket Mines Gold production delivered to the refinery in October
2012 was 4,479 ounces.

Caledonia's financial position continues to improve.
With almost $25 million of cash on hand Caledonia has sufficient
cash resources to invest in its existing projects and also in
potential new opportunities."
Read more at

Caledonia Mining Reports Record High Q3 2012 Production and Gross Profits

http://www.caledoniamining.com/pdfs/11142012.pdf

Nama Base Metals Project, Zambia

The 2012 drilling programme continued with the objectives of
further identifying and defining extensions of the mineralised
zone identified in 2011 and increasing the confidence level of
the information on this mineralised zone.

As at October 25, 2012,
30 holes and 8,400 metres of drilling had been completed and
three rigs are currently working on the site.

To date, an area of copper mineralization has been defined as
follows:

* current identified strike length of 1.3 km and a dip extent of
900 metres;

* mineralisation intersected at depths from 98 to 579 metres;

* thickness of mineralized zone varies from 10 to 27 metres;

* average copper grade of 0.52%; and

* possible extensions of the mineralized zone to the west and
to depths below 580 metres will be drill tested in future.

The 2012 drilling programme is expected to be completed shortly
following which the drill results will be analysed and
interpreted.

Caledonia expects to issue an NI 43-101 compliant copper resource
and reserve statement by June 30, 2013.

Caledonia will continue to manage its cash resources so that it
retains the financial capacity to progress this project
as fast and as far as possible without requiring third party
involvement or equity funding.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11395498

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=CA12932K1030CAGBXAIM

Blanket Gold Mine is now one of the Lowest Cost
Gold Producers in both Africa and the World,
it highlighted.



From the Blanket Gold Mine, 12,918 ounces of the yellow metal
were produced - 1green quarter -

Meanwhile, its financial position continued to improve with almost
$25 million of cash on hand.


http://www.caledoniamining.com

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

http://www.caledoniamining.com/blanket2test2.php

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

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



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[NYBob]

RE...No. 6 Winze

The Blanket Board has approved investment in a new capital
project to access the Blanket ore body below
22L by deepening the No. 6 Winze shaft.

An existing Double Drum Winder will be refurbished and
installed in a new winder chamber to be excavated on 18 Level.

The shaft, from 30m above 22 Level, will be widened to
accommodate the tipping station for the required two ore skips,
and the shaft will then be sunk down to 1,060m with stations and
main haulage levels being developed on 870m (26 Level) and
1,000m (30 Level).

Ore and development waste will then be hoisted up the deepened
No. 6 Winze to 22 Level where it will be tipped into the
No 4 shaft system for crushing and hoisting to surface.

The capital cost of this project is estimated to be US$4.4
million, which will be funded from Blanket’s internal cash
flows.
Work on this project has commenced and it is expected that this
project will be completed in late 2015.

Once complete, management expects that production from
the Blanket ore body below 22L will
progressively increase to approximately 700 tonnes of ore per
day.
This production will be in addition to the continued target
production from other areas of Blanket mine of
1,000 tonnes of ore per day.

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God Bless