Mr. Craig Engelsman reports:
HARMONY GOLD CORP. ANNOUNCES PROGRESS ON THE LUCKY SHOT PROJECT IN ALASKA
Vancouver, BC, June 18, 2010 - Harmony Gold Corp. (the "Company") announces that it continues working towards the objective of developing the Lucky Shot Mine in 2011. The Company expects to reach the following milestones in Q3, 2010:
- Complete a 43-101 report on the resource estimate for the Coleman deposit.
- Complete all required environmental baseline studies for environmental permitting;
- Complete the engineering, design and reclamation plans for the final mine;
- Complete the metallurgical testing for environmental permitting and a more definitive gold recovery factor;
- With the results of the metallurgical testing finalize the mill design; at present the mill construction is 80% complete.
- Complete the electrical design work, prepare an air permit, and complete dispersion modeling of the emissions from the operation; and
Submit the full mine permit applications.
The Coleman deposit is the western portion of the Lucky Shot vein system, located in the historic Willow Creek Mining District. The property consists of 8,800 acres that include at least 7 historically mined veins or faulted extensions of the same vein system. From west to east the deposits are the Coleman, Lucky Shot, War Baby, Gold Bullion, Nippon, Pinnacle and Independence. Collectively these veins have produced the bulk of the gold mined from the Willow Creek Mining District. Historically, the district has produced more than 650,000 ounces of gold (these estimates are from historical records, do not meet NI 43-101 standards, and are included here for informational purposes only).
Harmony Gold and its JV partner Full Metal Minerals have focused on bringing the road accessible Coleman deposit into production since 2005. As such, Harmony and Full Metal Minerals have carried out little drilling outside of the Coleman vein. The Company plans on continued exploration on the property once the mill and Coleman mine are in operation. Such exploration will consist of drilling/defining extensions of the Coleman vein as well as other veins and exploration targets on the property.
The Lucky Shot project is managed by Mr. William Burnett, CPG, of Yukuskokon Professional Services, LLC., since February 2009. Mr. Burnett is a qualified person as defined by NI 43-101, and has prepared and approved the information contained in this release.
HARMONY GOLD CORP.
Per: Craig M. Engelsman
Craig Michael Engelsman
President
Telephone:
778 370 0519
E-mail: cengelsman@harmonygoldcorp.com
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