Harmony Gold

Just some updates on PNG in general - Harmony
http://www.har.co.za/businessreview_exploration_png.htm
The New Guinea mobile belt stands out amongst the world's most prospective geological terrains for porphyry copper-gold and epithermal gold mineralisation, with world class deposits including Grasberg-Ertzberg (copper-gold), Porgera (gold), and Ok Tedi (copper-gold). Importantly, the belt is under-explored.
Harmony has built a quality project portfolio comprising over 12 000 square kilometres of exploration and mining tenure in some of the most prospective mineral provinces and emerging gold and copper districts of the New Guinea mobile belt.
In the Morobe Province, Harmony has been active in exploration for the last seven years and the resource base has grown from 7.0Moz to over 45Moz (gold equivalent – refer to the resource growth profile below). Harmony owns 50% of this inventory, and the discovery cost for Harmony's equity ounces is less than $10/oz.

Friday, 4 March 2011
JOINT venture partners Newcrest Mining and Harmony Gold have reported a high-grade hit from the massive Wafi-Golpu copper-gold project in Papua New Guinea which is outside the boundaries of the current resource of 16 million ounces of gold and 4.9 million tonnes of copper.
Drilling intersected 883 metres grading 2.15% copper and 2.23 grams per tonne gold, or 5.33gpt gold equivalent, from 913m, including 628m at 2.82% copper and 3.06gpt gold, or 7.13gpt gold equivalent, from 1043m, using a 1% copper cut-off grade.
The hole represents the highest grade intersection at Golpu to date and extends the known mineralisation by a further 70m north.