• Freitag, 15 November 2024
  • 10:15 Uhr Frankfurt
  • 09:15 Uhr London
  • 04:15 Uhr New York
  • 04:15 Uhr Toronto
  • 01:15 Uhr Vancouver
  • 20:15 Uhr Sydney

Adamus Resources Limited - Ghana Exploration Update

14.04.2011  |  CNW

PERTH, Western Australia, April 14 /CNW/ --
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/


PERTH, Western Australia, April 14 /CNW/ - Adamus Resources Limited
(TSXV: ADU) is pleased to announce the expansion of the Company's field
exploration team as part of the Company's ongoing objective to grow
current mineral resources and ore reserves, following successful
commissioning of the Nzema Gold Project process plant in January 2011.


Adamus Resources MD and CEO Mr Mark Connelly said 'given success with
soil sampling pinpointing many of the existing Nzema prospects, we have
decided to complete a reconnaissance level geochemical coverage program
over our entire tenement package to augment current exploration
targets'.


Soil Sampling - Apa Tam, Asanta and Hotopo Prospecting Licences


The large soil sampling program on the Hotopo, Asanta and Apa Tam
licences has commenced with two field teams comprising of 1 geologist,
5 technicians and fifteen locally employed staff with recruitment of
additional personnel currently in progress. Sampling has been conducted
on a 400m x 50m grid that will ultimately be closed in to 200m x 50m.
Results from the first phase of the program have been received and will
be reported over the current quarter.


Infill RC drilling planned for Nfutu


Access is currently being prepared for a reverse circulation (RC)
drilling program at the Nfutu prospect located 2.5km east of Anwia and
just 700m from the new haul road. Previous drilling at Nfutu
intersected shallow, oxide mineralisation including:



BKRC005 21m @ 3.38g/t Au from surface, including 2m @ 20.25g/t
Au

BKRC023 10m @ 3.29g/t Au from 32m




Previous drilling failed to determine the structural controls and trend
of the mineralisation but there are similarities with the nearby Aliva
prospect. Closer spaced drill traverses will assist with the geological
interpretation and will form the basis of a new resource estimate.


Bokrobo Drilling Planned


A review and interpretation of previous work at Bokrobo has revealed
several high priority drill targets. Bokrobo is included in the current
ore reserve estimate and contains 113koz Au at a grade of 3.16g/t
Au. The ore is contained in a moderately dipping structure adjacent to
a granitic intrusive that is also mineralised. The vein contains
spectacularly high grade intersections including 2m @ 434g/t Au from 52m in RCNB008, including 1m @ 658g/t Au. Additional drilling is planned at depth to fully evaluate the extent
of the mineralised structure. Drilling will also target the fractured
and veined granite intrusive that could have a significant impact on
the resource tonnage and the economics of an open pit.


Anwia Drilling Program


Resource definition and resource extension drilling planned for Anwia
will commence in May 2011.


New Ore Zone at Aliva


As previously announced, RC drilling has confirmed the existence of
multiple shallow dipping ore zones at the Aliva prospect. Drilling in
February 2011 intersected shallow mineralisation at the top of hole ALRC106 (5m @ 3.09g/t Au) and it was speculated that this may relate to a new ore zone. Field
mapping has now confirmed this with the discovery of a line of shallow
workings extending to the NE from the hole collar. This is significant
because two parallel ore zones will improve the economics of an open
pit operation. Additional drilling is continuing to establish the
extent of the new ore satellite zone.


Oxide Resource Extension Drilling


RC drilling has continued near Teberu and Nugget Hill with the aim of
extending the ore zones beyond the boundaries of the currently
optimised open pit shells. Extensions to the ore zones between the
Teberu and Nugget Hill pits and between the Teberu and Salman North
pits may allow the pit shells to be amalgamated, improving the strip
ratio, ore tonnages and ounces in the pit.


Sulphide Resource Extension Drilling


Three deep diamond holes have been completed below the Salman South,
Salman Central and Teberu open pits. These holes were targeted to test
for extensions to the ore zones 100m down dip of any previous
drilling. All three holes have intersected sulphidic ore zones, some in
excess of 10m true width. Results will be reported over the coming
quarter.


Geology Manager


Mr Bill Yeo has been appointed to the position of Geology Manager at the
Nzema Mine. Mr Yeo has over 20 years experience working in a variety of
production geology and exploration roles in Africa, Australia and New
Zealand. He has strong technical skills and experience in grade control
modelling software that has recently been installed on site.


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 665km² 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/April2011/13/c4013.html

please see our website: www.adamusresources.com.au or contact:


Mark Connelly - Managing Director/CEO
61 8 9322 5943
email: mark.connelly@adamusresources.com.au



Bewerten 
A A A
PDF Versenden Drucken

Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!



Mineninfo
Adamus Resources Ltd.
Bergbau
-
-
Copyright © Minenportal.de 2006-2024 | MinenPortal.de ist eine Marke von GoldSeiten.de und Mitglied der GoldSeiten Mediengruppe
Alle Angaben ohne Gewähr! Es wird keinerlei Haftung für die Richtigkeit der Angaben und der Kurse übernommen!
Informationen zur Zeitverzögerung der Kursdaten und Börsenbedingungen. Kursdaten: Data Supplied by BSB-Software.