Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) (LON:CMCL) CFO Mark Learmonth tells Proactive the group has formed an agreement where it has the exclusive right to explore and acquire the mining claims over Connemara North, in the Gweru mining district in the Zimbabwe Midlands.
Learmonth explains that this particular area has historically produced significant quantities of gold, as previous owners of the Connemara mine produced approximately 20,000 ounces of gold each year.