[miningmx.com] – HARMONY Gold CEO, Graham Briggs, said the discovery of four million ounces of gold equivalent at the firm’s 100% owned Kili Teke exploration site in Papua New Guinea (PNG) was “step one” in growing a magnificent resource base.
“This initial Inferred Mineral Resource estimate for Kili Teke of 4 million ounces of gold equivalent1 represents an extremely positive outcome from the early stage drilling at Kili Teke,” said Briggs in a statement.
“Additional significant drill intercepts have already been obtained at depth below and along strike. The declaration of a maiden resource is step one in growing a magnificent resource base,” he said.
The discovery cost was less than $10 per gold ounce equivalent which Briggs said was one of the lowest in the world. “We are thrilled at the prospect of turning Kili Teke into a major new deposit, further enhancing the value of our world class copper-gold portfolio in PNG,” he said.
