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Harmony Gold happy with Papua New Guinea progress

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Johannesburg - Harmony Gold announced on Thursday that additional drilling results in Papua New Guinea continue to return porphyry style mineralisation with highly significant copper gold intercepts.

Harmony Gold owns an exploration licence at at the Kili Teke prospect in the Hela province.

The company said more upside potential exists with mineralisation being open at depth and along strike, and drilling to scope out the extent and geometry of the system remains ongoing.

The latest drilling results from Kili Teke are extremely encouraging to Harmony and the company said it confirms that this asset is another great copper gold find by Harmony in Papua New Guinea.

"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 Harmony’s CEO Graham Briggs.

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