Harmony, White Rivers find fresh gold resource in South Africa

September 8, 2016

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Harmony Gold and White Rivers Exploration said they found a major gold deposit in South Africa’s Free State that could lead to one of the country’s first new mines for the metal in the last 25 years. The resource contains 11.5-million ounces of gold at a grade of 8.9 g/t of ore, White Rivers said in an emailed statement Thursday. Mining would take place 1.1 km to 2.2 km below ground, next to Harmony’s Target mine, it said. The project is 65 percent owned by White Rivers and 35 percent by Harmony.

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