Caledonia Mining (LSE:CMCL) has announced encouraging results from deep-level drilling at its Blanket Mine in Zimbabwe, confirming the continuation of key gold-bearing orebodies at depth and delivering grades and widths that meet or exceed expectations.
The drilling programme, which completed more than 10,000 metres during 2025, verified the extension of the Lima orebody down to the 34 level and identified strong intersections within the newly delineated Blanket 7 orebody. Several of these intersections returned high grades across significant widths, further strengthening the geological understanding of the deposit.
According to management, the density and quality of the drilling results should enable parts of the mineral resource to be upgraded from inferred to indicated status. This would improve confidence in the mine’s geological model and support longer-term planning for the operation.
The latest findings will be incorporated into updated mineral resource and reserve estimates expected in 2026. The company believes the results reinforce the strategic importance of the Blanket Mine and support its ability to generate long-term value for shareholders and other stakeholders.
More about Caledonia Mining
Caledonia Mining Corporation is a gold producer listed on the NYSE American, AIM and the Victoria Falls Exchange. Its primary asset is the Blanket Mine in Zimbabwe, where the company focuses on expanding and upgrading mineral resources through deep drilling and targeted exploration across several orebodies, including the Blanket, Eroica and Lima structures.
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