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Drilling at Harmony’s Kili Teke confirms ‘fantastic copper/gold find’

7th August 2015

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

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In a world where new discoveries are rare, Harmony Gold is encouraged by the prospect that Kili Teke could well develop into another major copper/gold discovery, commented CEO Graham Briggs.

Additional drilling at the JSE-listed miner’s Kili Teke prospect in the Hela province, in Papua New Guinea (PNG), has returned porphyry copper/gold-style mineralisation, similar to deposit grades outlined for the company’s Frieda River and Ok Tedi projects.

Copper/gold mineralisation, defined by a 0.2% copper envelope, outlined over 600 m of strike, in excess of 200 m wide and extending 700 m below surface, grading at 0.72 g/t of gold and 1.02% copper.

Kili Teke’s early exploration drill results, including its KTDD013 and KTDD007 holes, yielded 0.55% copper and 0.43 g/t of gold.

 

Edited by Tracy Klückow
Creamer Media Contributing Editor

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