CALEDONIA Mining Corporation says results from its Motapa exploration project are “encouraging” after it highlighted the presence of widespread gold mineralisation over a combined strike length of more than nine kilometers.
Motapa is an exploration project acquired in November 2022, located directly adjacent to the group’s Bilboes gold project in southern Zimbabwe. The project was a combination of diamond drilling and reverse circulation drilling designed to test the continuation of sulphide zones of mineralisation below the historic oxide open pits.
“Motapa sits adjacent to Bilboes, which is where the Company plans to develop a major new high grade open pit gold mine.
“These initial results confirm that Motapa will continue to form a key role in the Company’s growth strategy,” Caledonia’s chief executive Mark Learmonth said in an update.
Caledonia’s Bilboes property and associated large scale new development project is located directly to the north of Motapa with the two sharing a lease boundary