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Adamus Resources - July 2011 Pictorial Update

03.08.2011  |  CNW

PERTH, Western Australia, Aug. 3, 2011 /CNW/ --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


PERTH, Western Australia, Aug. 3, 2011 /CNW/ - During July, gold
producer Adamus Resources (ASX and TSXV: ADU) released results from its first quarter of
commercial production (April - June 2011).  Adamus has met all key
production targets since commercial production was declared on 1 April
2011.  As a result, the Nzema Gold Project in Ghana delivered above
forecast gold production of 26,015 ounces, at a cash cost of US$544 per
ounce, for the June 2011 quarter.


OPERATIONS


-- Mining during the month focussed on Salman South 1A and 02
pits.
-- Construction of the Salman - Akango bypass road (Phase 2)
continued, while there was also progress on the Salman North
haul road which links the pits on the Salman trend to the
processing plant.
-- Processing plant and facilities continue to meet design
specifications and are performing well. Plant availability at
96% for the month.
-- Salman Village residential housing progressed during the month
as did landscaping around completed community buildings and the
erection of electrical poles.


EXPLORATION


-- Reverse circulation (RC) drilling continued at Nfutu (6 kms
south east of the Nzema process plant) with initial results
showing significant intercepts. RC drilling was also undertaken
between Teberu and Salman North pits.
-- Field reconnaissance commenced at Hotopo prior to the RC /
aircore drilling program due to commence in August 2011.
-- Access and pad preparations completed at Awukyere (12 kms south
east of the Nzema process plant) and first pass RC drilling
commenced.
-- Line cutting and auger sampling at the soil anomalous zone on
the south extension of the Salman trend commenced.
-- Aeromagnetic data received covering all Adamus' licences in
Ghana. Reprocessing and reimaging of the data is planned to
assist exploration target generation.


Further photographs appear on the Company's website at :

http://www.adamusresources.com.au/nzema-gold-project/construction-progress


About Adamus


Adamus Resources Limited is a gold producer, 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 developing and expanding the economic
potential of the Nzema 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/August2011/03/c9006.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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