[SMM Gold Flash] Caledonia Announces Maiden Motapa Resource, Raises Blanket Gold Resource by 22%
Caledonia Mining has announced a maiden mineral resource estimate for its 100%-owned Motapa gold project in Zimbabwe, comprising 7.8 million tonnes of measured and indicated resources grading 1.51 g/t for 379,000 oz of gold, plus 2.7 million tonnes of inferred resources grading 1.48 g/t for 131,000 oz. The company said Motapa’s proximity to the adjacent Bilboes project could support a larger operation or extend Bilboes’ planned production profile, with first gold at Bilboes expected in late 2028. Separately, Caledonia increased underground measured and indicated resources at its Blanket gold mine by 22% to 2.18 million oz, contained in 17.7 million tonnes grading 3.83 g/t.