Go Back Email this Link to a friend

HAR - Harmony Gold Mining Company Ltd - Latest Golpu drilling results will have

Release Date: 22/04/2010 11:00:02      Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Latest Golpu drilling results will have 
profoundly positive impact on project resource base                             
Harmony Gold Mining Company Ltd                                                 
Incorporated in the Republic of South Africa                                    
Registration number: 1950/038232/06                                             
Share code: HAR                                                                 
ISIN: ZAE000015228                                                              
PRESS RELEASE                                                                   
RESOURCE BASE                                                                   
Johannesburg. Thursday, 22 April 2010. Harmony Gold Mining Company Limited      
(Harmony) today announced additional significant high grade drill intercepts    
from its 50:50 Morobe Mining Joint Venture in Papua New Guinea (PNG).           
Harmony CEO Graham Briggs says: "These results, together with those released in 
January 2010, will have a profoundly positive impact on the resource base of the
project. The drill programme at Golpu is testing an exploration target in the   
range of 500 to 800 million tones (Mt) at high grades of between 0.7% and 1.1%  
copper (Cu) and 0.5 to 0.7 g/t gold (Au) for 8 to 18 million ounces (Moz) of    
gold and 3.5 to 8.8 Mt of copper. This target includes the current resource.    
Golpu could develop into one of the most significant copper-gold projects in PNG
with a possible size potential of 13 Moz Au and 6.5 Mt Cu, putting it on a scale
similar to other major copper-gold projects like OK Tedi and the historic mine  
in Bougainville. This is a very exciting possibility for investors."            
New drill intercepts include:                                                   
WR331W_1(i):   379m @ 0.88 g/t Au and 1.05% Cu from 1062m                       
Including:     156m @ 1.09 g/t Au and 1.48% Cu from 1149m.                      
WR333(i):      528m @ 0.70 g/t Au and 1.41% Cu from 551m.                       
Including:     187m @ 1.57 g/t Au and 3.16% Cu from 892m.                       
The mineralisation which is associated with diorite porphyry is located around  
the margin and to the northwest of the main Golpu orebody.                      
Mineralisation remains open to the northwest, to the south and at depth.        
Drilling to realise the full potential of the system is ongoing. In particular, 
the high-grade copper gold mineralisation in WR333 (187m @ 1.57 g/t Au and 3.16%
Cu from 892m) is open along strike to the northwest and at depth.               
The diagram indicating the schematic section through the Golpu deposit showing  
recent drill intercepts is available on the Harmony website - www.harmony.co.za.
For more details contact:                                                       
Marian van der Walt                                                             
Executive: Corporate and Investor Relations                                     
On +27 (0)82 888 1242                                                           
Esha Brijmohan                                                                  
Investor Relations Officer                                                      
On +27 (0)82 759 1775                                                           
Corporate Office:                                                               
Randfontein Office Park                                                         
PO Box 2                                                                        
South Africa 1760                                                               
T: +27 (0)11 411 2000                                                           
J.P. Morgan Equities Limited                                                    
Date: 22/04/2010 11:00:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2021 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.