Harmony: Encouraging Early Drill Results at Kili Teke Prospect
July 30 2015 - 03:28AM
Dow Jones News
By Alex MacDonald
LONDON--South Africa-based gold miner Harmony Gold Mining Co.
Ltd. (HAR.JO) said Thursday it continues to encounter significant
intervals of additional gold and copper mineralization at its Kili
Teke prospect in Papua New Guinea.
The miner said it encountered 186 meters of rock with 1.02%
copper grade and 0.72 grams of gold per metric ton of ore. It added
that there was more potential resource in the region.
"In a world where new discoveries are rare, we are encouraged by
the prospect that Kili Teke could well develop into another major
copper-gold discovery" said Chief Executive Officer Graham
Briggs.
The company said the mineralised footprint is growing as the
drilling progresses, and the grades are similar to the OK Tedi and
Frieda River projects.
Write to Alex MacDonald at alex.macdonald@wsj.com
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