(NewsDirect)
Caledonia Mining Corporation PLC(AIM:CMCL, NYSE-A:CMCL) CEO Mark Learmonth speaks to Proactive'sThomas Warner after announcing what the gold producer describes as"encouraging" drill results from its Blanket Gold Mine.
The results pertain to drilling doneduring January-May 2023 on the Eroica ore body, toward the northernend of the property and suggests that the Eroica target ore bodycontinues at depth with better widths and grades "quiteconsiderably better" than expected. He highlights that "about70% of the holes were really targeting the inferred resource that weknew we'd already got, with a view to increasing that confidencelevel from inferred to measured and indicated."
Learmonthexplains that Caledonia was forced to suspend deep-level drilling onthe Blanket property several years ago, partly in order to focus ongetting into production and also because of the logistical challengesinvolved. Learmonth says that current and future drilling will focuson the southern end of the property, and has "only just started inthe last few weeks." He promises to update shareholders " indue course."
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