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Adamus Resources Limited - April 2011 Pictorial Update

13.05.2011  |  CNW

PERTH, Western Australia, May 13 /CNW/ --
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/


PERTH, Western Australia, May 13 /CNW/ - Adamus Resources Limited (ASX and TSXV: ADU) achieved commercial production effective 1 April 2011 marking the
completion of project development, commissioning and operational
ramp-up of the mine and processing plant.


In April we welcomed a delegation from the Australian Parliamentary
Joint Committee on Foreign Affairs, Defence and Trade at the Nzema Gold
Project. The eight-member delegation led by the Hon. Joel Fitzgibbon
MP, highlighted Australia's growing engagement with Ghana. This visit
came as a part of the Joint Committee's inquiry into Australia's
relations with Africa in areas including bilateral relations, trade and
investment, and diplomacy.  Adamus was the only mining project visited
by this delegation in Africa.


Adamus was granted three Mineral Reconnaissance Licences in the Republic
of Liberia covering an area of 3,107km(2).  The Licences are located in a highly prospective Archaean belt north
of the capital Monrovia in western Liberia.


Other activities in the month of April 2011 included :


-- Mining of Salman South 1A, 1B along with Salman Central pits
-- Grade control drilling at Salman South 1C and Salman South 02.
-- Resource definition drilling continued at Salman North as did
diamond drilling at Aliva with all holes completed. Diamond
drill has moved to Teberru 04 to undertake drilling of sulphide
mineralisation.
-- Construction of explosives magazine, Salman North haul road and
Salman - Akango phase 1 access road diversion all commenced.
-- First royalty cheque presented to the government of Ghana.
-- Salman village is progressing with community buildings nearing
100% completion. Foundations have been poured for all 452
residential buildings with Hydraform block fabrication expected
to be completed in line with mid June target.
-- Community sensitisation of the Anwia area (approx. 10kms from
the Nzema process plant) has begun with the aim of commencing
resource definition and resource extension drilling.


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 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/May2011/12/c4254.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

 



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