CALEDONIA Mining Corporation has struck significant gold mineralisation at its Motapa exploration property that could extend the life of its Bilboes Gold Project in a combined mining operation. The group found several high-grade drill intersections, including 19 metres at 8,08 grammes per tonne (g/t) gold and 12 metres at 7,12g/t at Motapa North. The proximity…
Caledonia strikes high-grade gold
The gold miner raked in US$65,3 million a year earlier, as higher gold prices boosted earnings. Revenue was also 14 percent from US$66,4 million in the first quarter, reflecting improved production.