Saturday, May 05, 2012

(DAILY MAIL ZM) Firm hits new copper spot

Firm hits new copper spot
April 16, 2012

CALEDONIA Mining Corporation says it has discovered a new copper zone at Nama Project in the Copperbelt Province and phase one drilling is expected to commerce this year.
The company holds licences covering squares of kilometres adjacent to Konkola and Vale/ African Rainbow Minerals properties.

According to information contained in the company’s interim results as at December 31, 2011, issued in Lusaka recently, it says Konkola east is the target for the project with preliminary holes drilled in 2011 which identified a new copper-bearing mineralised zone.

We have made an exciting discovery of a new copper-bearing mineralised zone at the Nama project in Zambia. Phase one drill of the year 2012 exploration programme to further confirm the shallower up-dip extension has commenced,” reads the report.

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