Issued by Harmony Gold
Mining Company Limited
22 April 2010
For more details contact:
Marian van der Walt
Executive: Corporate and
Investor Relations
on +27 (0)82 888 1242
or
Esha Brijmohan
Investor Relations Officer
on +27 (0)82 759 1775
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (11) 411 2000
www.harmony.co.za
JSE: HAR
NYSE: HMY
NASDAQ: HMY
ISIN No.: ZAE000015228
Latest Golpu drilling results will have profoundly positive impact on project
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 tonnes (Mt) at high grades of between 0.7% and 1.1% copper (Cu)
and 0.5 to 0.7g/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 @ 0.88g/t Au and 1.05% Cu from 1062m
Including:
156m @ 1.09g/t Au and 1.48% Cu from 1149m
WR333
i
:
528m @ 0.70g/t Au and 1.41% Cu from 551m
Including:
187m @ 1.57g/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.