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Harmony Gold Mining Company Ltd.
Summary
| Project: | Kalgold | |
|---|---|---|
| Deposit: | Kalgold | |
| Location: | South Africa | |
| Commodities: | Gold | |
| Date: | 6/6/2018 | |
| Report Code: | SAMREC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-6-2018: Harmony Gold Mining Company Ltd. announces an Exploration/Drilling Update report for its Kalgold deposit at the Kalgold project. Drilling results incl. 84.0m @ 1.51g/t Au from 257.0m. Johannesburg, Monday 4 June 2018 - Harmony Gold Mining Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mike Humphries (Not stated) | |
| ABSTRACT: | Johannesburg, Monday 4 June 2018 - Harmony Gold Mining Company (“Harmony” and/or “the Company”) , is pleased to announce encouraging exploration results at its 100% owned, South African Kalgold open pit operation in the North West Province, approximately 55km southwest of Mahikeng. “Our exploration strategy targets highly prospective, underexplored terrains and mining districts to discover and develop gold deposits. The results from the exploration drilling at Kalgold – a safe and low risk open pit mine - outline an expanded, robust mineralised system that extends beyond the current resource limits. Resource development drilling underway has outlined a mineralised zone that now comprises over 2.1 kilometres of strike and extends to in excess of 300m below surface. The intersections show good continuity of geology and mineralisation and presents an exciting organic growth opportunity for Harmony”, said Peter Steenkamp, chief executive officer of Harmony. An updated mineral resource estimate will be prepared incorporating the exploration data and will form the basis of prefeasibility studies planned for 2019. The updated mineral resources for Kalgold will be released as part of our annual reporting for FY18. Harmony commenced a brownfield drill campaign at the project in October 2017 to test the potential to merge the separate pit areas into a major mineralised system and to test the strike extensions of the mineralised zone towards the north and south of the existing open pits. In particular, to develop a resource base that would support studies towards increased mining and processing rates at the open pit operation. Some 16,400m of Diamond and RC drilling has since been completed, results of which form the basis of this news release. | |
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