Adamus Resources Limited - May 2011 Pictorial Update
01 June 2011 - 4:16PM
PR Newswire (Canada)
PERTH, Western Australia, June 1, 2011 /CNW/ -- NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES PERTH, Western Australia, June
1, 2011 /CNW/ - Adamus Resources Limited (ASX and TSXV: ADU)
announced further diamond drilling and soil sampling results at the
company's Nzema Gold Project in Ghana. Diamond drilling at the
Teberu 04 pit extended the mineralised zone 100m down dip.
Additional drilling is underway at Teberu 04 on a 50m x 50m grid
with the aim of generating an inferred mineral resource estimate.
Soil sampling on the Apa Tam prospecting licence has extended the
target area at Avrebo West, with results suggesting the mineralised
trend extends at least 500m to the north. Other activities in the
month of May 2011 included : OPERATIONS -- Mining focussed on
Salman South 1A and 1B pits. -- Grade control drilling continued at
at Salman South 1C and Salman South 02 and commenced at Salman
North 1A & 1B in preparation for mining in July 2011. --
Construction of the explosives magazine, Salman North haul road and
Salman - Akango phase 1 access road diversion all continued during
the month. -- Ghana Environmental Protection Agency (EPA) conducted
the Annual Akoben Environmental & Social Audit with results
expected in June 2011. -- Salman village construction continues to
progress with the final work completed on public buildings.
EXPLORATION -- Diamond and RC drilling continued during the month
at Teberu 04, whilst RC drilling of the parallel structure east of
Nugget Hill 03 commenced late in the month. -- Soil sampling of the
southern section of Asanta prospecting licence was completed whilst
soil geochem continued on Hotopo prospecting licence. -- Anwia /
Teleku Bokazo sensitisation advanced with line cutting and clearing
site underway. Additional infill and resource definition drilling
to commence June 2011. -- Liberian exploration program for
fieldwork planning underway. GENERAL -- Conceptual Sulphide
Economic Study being conducted by AMEC expected by July 2011.
Further photographs appear on the Company's website at :
http://www.adamusresources.com.au/nzema-gold-project/construction-progress/march-2011.html
About Adamus Adamus Resources Limited is an explorer and mine
developer, listed on the Australian Securities Exchange (ASX), TSX
Venture Exchange (TSX-V) and Frankfurt Stock Exchange Open Market
(FSE). The Company's primary focus is on exploring, realising and
expanding the economic potential of the Southern Ashanti Gold
Project in Ghana, West Africa. The Project encompasses
approximately 665kmĀ² of tenure in the Ashanti Gold Belt - host to
over 100moz of gold and the Project boasts excellent access to port
and road infrastructure. Ghana is a stable West African
country with a long history and some of the world's largest gold
mining operations. Gold production is vital to the national
economy. Members of the Adamus Board and management team have
proven records in mineral exploration, project development and
project financing. Kind regards ADAMUS RESOURCES LIMITED (Signed)
Mark Connelly Managing Director/CEO Neither TSX Venture Exchange
nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. Caution Regarding
Forward Looking Information. Certain statements included in this
announcement, including information regarding Adamus' plans with
respect to its mineral properties, constitute forward-looking
information. Forward-looking information includes, among
other things, statements regarding expected operations.
Forward-looking information is based upon a number of estimates and
assumptions made by the Company in light of its experience, current
conditions and expectations of future developments, as well as
other factors that the Company believes are appropriate in the
circumstances. While these estimates and assumptions are
considered reasonable by the Company, they are inherently subject
to business, economic, competitive, political and social
uncertainties and contingencies. Many factors could cause the
Company's actual results to differ materially from those expressed
or implied in any forward-looking information provided by the
Company, or on behalf of, the Company. Such factors include,
among other things, risks relating to additional funding
requirements, metal prices, exploration, development and operating
risks, competition, production risks, regulatory restrictions,
including environmental regulation and liability and potential
title disputes. Investors are cautioned that forward-looking
information is no guarantee of future performance and, accordingly,
investors are cautioned not to put undue reliance on
forward-looking information due to the inherent uncertainty
therein. Forward-looking information is made as at the date
of this announcement and the Company disclaims any intent or
obligation to update publicly such forward-looking information,
whether as a result of new information, future events or results or
otherwise. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/June2011/01/c9518.html p
Please see our website: a
href="http://www.adamusresources.com.au"www.adamusresources.com.au/a
or contact: /p table tr valign="top" td align="left" br/ Mark
Connelly - Managing Director / CEObr/ +61 8 9322 5943br/
email: a
href="mailto:mark.connelly@adamusresources.com.au"mark.connelly@adamusresources.com.au/a
/td /tr /table
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