CALEDON RESOURCES HAS BECOME A TAKE OVER TARGET CONSIDERING THEIR SITUATION SINCE THE LATEST NEWS ABOUT ABORTED TAKER OVER OF PART OF CALEDON'S GOLD PROJECTS.AVOCET MINING IS IN THE SCENE TAKING STAKE IN DYNASTY GOLD RECENTLY AND HAS AN OPTION OF TAKING MORE STAKE WHERE CALEDON IS ALSO A STAKE HOLDER. DYNASTY GOLD SHARE PRICE IS CAN$.30 AND EXPECT TO GO UP APPROX CAN$1.82 BECAUSE IT HAS AVOCET & CALEDON AS MAJORITY SHARE HOLDERS AND BOTH ARE LOADED WITH MONEY AND CAPABLE OF HELPING DYNASTY IN CONTINUOUS PROGRESS AND FURTHER EQUITY IS NOT NEEDED(DILUTION CAN BE AVOIDED).AS FAR AS AVOCET IS CONCERNED IT HAS MUSCLES IN TERMS OF CASH AND SHARE PRICE AND A POSSIBILITY THAT IT WOULD NOT BE SHY TO USE TO BECOME A MAJOR PLAYER IN CHINA.IN THE EVENT OF TAKE OVER IS CONSIDERED CALEDON REOURCES WOULD BE VALUED MINIMUM 15P SHARE(IF THE DYNASTY SHARE IS BETWEEN CAN$30-CAN$50) TAKING THEIR CASH DEPOSITS AND OTHER INVESTMENTS IN COMPANIES.TAKE OVER MUST BE HAPPENED BEFORE DYNASTY'S SHARE SHOOTS UP(SAY CAN$1.5-THEN CDN WOULD BE VALUED 30-35P PER SHARE) THEREFORE,IN MY VIEW THAT DARK DAYS FOR CALEDON SHARE HOLDERS HAVE GONE AND THE PROSPEROUS FUTURE HAS BEEN AWARDED BY GOD AT LAST. GOOD LUCK TO YOU ALL

Don`t shout.

Lets hope so GREATSUCCESS!

What I like about this one is its anonymity. No hype, market cap = NAV, nothing factored into the price for potential - yet.

http://www.proactiveinvestors.com/registered/articles/article.asp?CDN


Encouraging news last week at Caledon, and predictably, the price yet again fell back.

The company is about to embark upon a third phase drilling campaign in China at its 70% owned Hunnan Province gold property, Mojiang. This close spaced new campaign will comprise 2500 metres of RC drilling (43 holes) and 1500 metres of diamond core drilling (22 holes). Whilst most of the effort is concentrated on in-fill drilling, working towards a resource statement before the end of June 2006, some of the programme will be directed at further exploration of the potential 6 km strike length at Mojiang by means of deep drilling and step-out holes. They also plan to drill a few large diameter diamond cores to collect larger samples for metallurgical testing. A scoping study is likely to follow the resource statement.

I am very tempted to pick these up again are there any broker estimates on this one.

Caledon Resources says drilling results positive from Mojiang gold project
AFX


LONDON (AFX) - Caledon Resources PLC said drilling results were positive from the Mojiang gold project in South-western Yunnan Province of China.

Results from 14 holes showed that they intersected significant intervals of mineralisation with similar grades to previous drilling, the company said.

'The results of the in-fill drilling should increase the confidence level with respect to future resource estimates,' it added.

'Low-grade disseminated gold mineralisation and key intervals of high grade mineralisation, continue to be intersected where predicted,' said the group's chief executive George Salamis.

Caledon has the right to acquire 70 pct of the project.

Caledon Resources says drilling results positive from Mojiang gold project
AFX


LONDON (AFX) - Caledon Resources PLC said drilling results were positive from the Mojiang gold project in South-western Yunnan Province of China.

Results from 14 holes showed that they intersected significant intervals of mineralisation with similar grades to previous drilling, the company said.

'The results of the in-fill drilling should increase the confidence level with respect to future resource estimates,' it added.

'Low-grade disseminated gold mineralisation and key intervals of high grade mineralisation, continue to be intersected where predicted,' said the group's chief executive George Salamis.

Caledon has the right to acquire 70 pct of the project.

Caledon Resources PLC
29 March 2006



Caledon Resources PLC


18 Upper Brook Street London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781



PRESS RELEASE


March 29, 2006



Drilling Results at Mojiang Showing Excellent Grades, Thicknesses and Zone
Continuity

Caledon Resources ('Caledon' or 'the Company') is pleased to report further
progress from current drilling at the Mojiang gold project, situated in
South-western Yunnan Province, China.

New drilling at Mojiang commenced in early February 2006, with a planned
programme of 2500 metres of reverse circulation (43 holes) drilling and 1500
metres of diamond drilling (22 holes). To date, 22RC holes have been completed
for a total meterage of 1410 metres.

The drilling conducted on this current programme has focused on in-filling areas
where previous drilling was considered to be too widely spaced to accurately
establish zone continuity.

With interim results received from a total of 14 drill holes, the Mojiang infill
drill programme has been interpreted by the Company to positively confirm
mineralisation continuity. All holes intersected significant intervals of
mineralisation with similar grades to previous drilling.

Highlights from the recent Mojiang drilling include:

MJRC041 intersected 34.50 g/t gold over 4.00 metres
MJRC042 intersected 4.82 g/t gold over 20.00 metres
MJRC043 intersected 2.92 g/t gold over 48.00 metres
MJRC048 intersected 2.24 g/t gold over 44.00 metres

A complete breakdown of the results from the first 14 holes has been included as
an appendix to this press release. Though the drilling has proceeded well from a
procedural perspective, many recent RC holes encountered voids and related core
losses (avg.1-3 metres) due in part to structurally broken ground conditions and
to the existence of historical underground workings. Certain sections of the
Mojiang ore-body have been mined underground by the Mojiang Mining Company in
recent times. Other workings are known to historically date back to the Ming
Dynasty, approximately 400 years ago. Of additional historical note, stamped
gold ingots from Mojiang can be viewed in a museum at the Ming Dynasty Tombs in
Beijing.

The results of the in-fill drilling should increase the confidence level with
respect to future resource estimates, in addition to justifying additional
drilling outside the current area of focus.

Harry Mustard (MAusIMM), Caledon Resources' Senior Geologist, is the 'competent
person' as defined by London AIM's recent 'Guidance Note for Mining, Oil and Gas
Companies, March, 2006 - AIM 16'. Mr. Mustard is overseeing the company's
exploration work at Mojiang and supervised the preparation of the information in
this release.

The Mojiang Gold Mine is situated in Yunnan Province, South Western China and
lies 200 kilometres southwest of the provincial capital city of Kunming and 10
kilometres northeast of Mojiang City. In 2004, an agreement was signed between
Caledon Resources PLC (Caledon) and the Mojiang Mining Company to conduct
exploration at the Mojiang Goldmine. Caledon has the right to acquire 70% of the
project.

Mineralisation at Mojiang lies along a major crustal feature known as the Ailao
Shan Fault. At Mojiang the fault has thrust older ultramafic and metamorphic
rocks in a westerly direction up and over younger Triassic sediments. A broad
zone of breccia has developed at the faulted contact between the two main rock
units. Mineralising solutions have cemented and replaced the breccia with
quartz, calcite, siderite, magnesite, arsenian pyrite, chlorite, hematite,
Illite and gold. The best gold grades occur in banded (epithermal) quartz veins
or in breccia where silicification is most intense. At least three phases of
veining and silicification have been recognized.

The zone of mineralized breccia is up to 100 metres in thickness and can be
traced almost continuously for 5000 metres on the surface. The majority of the
areas hosting wider and higher grade zones of mineralisation correlate with
changes in dip or strike orientation of the host structure.

George Salamis, CEO comments: 'We are pleased with the results and with the
speed at which drilling has been conducted, due in part to excellent
co-operation by the Mojiang Mining Company. Our field crews report that
low-grade disseminated gold mineralisation and key intervals of high grade
mineralisation, continue to be intersected where predicted. Although this latest
round of drilling is focused on filling-in gaps between previous drill centres,
areas outside of the main area of focus host additional promising targets which
will be tested in the later stages of this drill programme'.



On behalf of the board,



Robert Alford George Salamis
Chairman Chief Executive Officer



--------------------------------------------------------------------------------
Company Mission Statement: 'To maximise shareholder value through the
acquisition and development of an advanced-stage resource asset or existing
asset, through to final feasibility and production'

Who we are: Caledon Resources Plc is a junior resource explorer quoted on the
Alternative Investment Market Stock Exchange (AIM: 'CDN'). The company has
amassed a portfolio of gold projects and resource investments in China and has
assembled a multi-talented, industry recognized team of professionals to lead
the company forward. In addition to possessing a robust treasury relative to
other junior explorers, the company has amassed an excellent network of world-
wide mining industry contacts and is actively seeking new investment
opportunities both within and outside of China.
--------------------------------------------------------------------------------



For further information, please visit our website at
www.caledonresources.com
or
contact:


George Salamis

gsalamis@caledonresources.com


Donal Douglas, Investor Relations

ddouglas@caledonresources.com


Caledon Resources Plc
18 Upper Brook Street London W1K 7PU England
Telephone +44 (0) 20 7318 5780 Facsimile +44 (0) 20 7318 5781




APPENDIX


Interim Drill Results - 14 Holes - Mojiang Gold Project, Yunnan, PRC

Hole Number From To Width (m) Gold Grade

MJRC038 0.00 4.00 4.00 0.94 g/t
36.00 40.00 4.00 0.64 g/t
48.00 52.00 4.00 2.82 g/t
MJRC039 0.00 24.00 24.00 1.05 g/t
36.00 40.00 4.00 1.07 g/t
MJRC040 28.00 60.00 32.00 1.19 g/t
MJRC041 0.00 8.00 8.00 1.00 g/t
24.00 28.00 4.00 0.89 g/t
36.00 40.00 4.00 34.50 g/t
MJRC042 12.00 32.00 20.00 4.82 g/t
Including 20.00 24.00 4.00 13.00 g/t
MJRC043 12.00 60.00 48.00 2.92 g/t
Including 24.00 28.00 4.00 10.60 g/t
Including 36.00 39.00 3.00 15.50 g/t
MJRC044 20.00 36.00 16.00 2.13 g/t
44.00 51.00 7.00 1.98 g/t
MJRC045 20.00 24.00 4.00 5.18 g/t
36.00 40.00 4.00 0.72 g/t
MJRC046 32.00 48.00 16.00 1.30 g/t
MJRC047 40.00 64.00 24.00 0.65 g/t
MJRC048 4.00 48.00 44.00 2.24 g/t
Including 24.00 32.00 8.00 6.90 g/t
MJRC049 All intercepts reported below 0.5 g/t
MJRC050 4.00 16.00 12.00 1.03 g/t
MJRC051 25.00 44.00 19.00 0.65 g/t
56.00 60.00 4.00 0.55 g/t
MJRC052 0.00 36.00 36.00 0.90 g/t




This information is provided by RNS
The company news service from the London Stock Exchange


We are up 10% at the moment.