More significant exploration drill hole intercepts at Golpu – a world-
class copper-gold porphyry
Johannesburg. Friday, 22 October 2010. Harmony Gold Mining Company Limited
(Harmony) is pleased to announce further significant exploration drill hole intercepts
at the Golpu porphyry copper-gold deposit at the Wafi-Golpu Project in Papua New
Guinea (PNG), which is part of the company’s joint venture with Newcrest Mining
Limited (Newcrest).
During the past quarter Harmony released an updated Statement of Reserves and
Resources which included an appreciable increase in the Wafi-Golpu Resource to
16Moz of gold and 4.8Mt of copper.Additional exploration drilling at Golpuundertaken
during the quarter has further extended the deposit with significant intercepts as
follows:
•
WR347 799m@1.43g/t Au, 1.90% Cu from 883m including 616m @
1.79g/t Au, 2.34% Cu from 910m
•
WR348 561m@0.51g/t Au, 0.99% Cu from 179m including
209m@0.89g/t Au, 1.88% Cu from 359m
•
WR349 327m@0.39g/t Au, 1.23% Cu from 194m including 117m
@0.63g/t Au, 2.09% Cu from 262m
WR347 was drilled as a 100 metres step-out hole on the northern margin of the
existing resource. The intercept correlates with a zone of bornite mineralisation and
represents the highest grade results ever returned from drilling at the project. This
intersection significantly extends the higher grade core of the Golpuresource to the
north with the orebody remaining open in this direction and at depth.
WR349 indicates that the high grade porphyry mineralisation extends to the north and
closer to the surface than previously modelled.
As a result of this drilling, the Wafi-Golpuexploration target
1
has been upgraded to
30Moz of gold and 8Mt of copper based on a tonnage range between 900 and 1,400
million tonnes. This targets growth of epithermal deposits to between 100 and 200
million tonnes at a grade range between 1.5g/t and 2.0g/t plus porphyry deposits to a
range of 800 and 1,200 million tonnes at grades between 0.7 and 1.1% copper and
0.5g/t to 0.9g/t gold.
Issued by Harmony Gold
Mining Company Limited
22 October 2010
For more details contact:
Graham Briggs
Chief Executive Officer
on +27 (0)83 265 0274
or
Henrika Basterfield
Investor Relations Officer
on +27 (0)82 759 1775
Corporate Office:
RandfonteinOffice Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE:
HAR
NYSE:
HMY
ISIN No.: ZAE000015228