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Adamus Resources Limited - June 2011 Pictorial Update

13.07.2011  |  CNW

PERTH, Western Australia, July 13, 2011 /CNW/ --
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


PERTH, Western Australia, July 13, 2011 /CNW/ - Gold producer Adamus Resources (ASX and TSXV: ADU) advised that strong progress was achieved on
operational and exploration activities at the company's Nzema Gold
Project in Ghana, West Africa during June 2011.  This included :


OPERATIONS


-- Mining contractor meeting targets, with mining continuing to
focus on Salman South 1A and 1B pits.
-- Construction of the Salman North haul road continued during the
month, whilst the Salman - Akango phase 2 access road
commenced.
-- Processing plant and facilities continue to meet design
specifications and are performing well. Plant availability at
96% for the month.
-- Construction of the Salman village continues to progress with
focus during the month on residential housing.
-- Survey commenced on Anwia prospect and field work is underway
for farm surveys. Site clearing is to commence in July 2010.


EXPLORATION


-- Reverse circulation drilling commenced at Nfutu prospect, while
diamond drilling at same location was completed.
-- Planned field reconnaissance was undertaken at the Kanyankaw
concession. Hotopo concession reconnaissance work is to be
undertaken prior to a reverse circulation / aircore drilling
program, commencing in August 2011.
-- Crop assessment was undertaken at Awukyere (Avrebo West)
prospect in preparation for a reverse circulation drilling
program.


GENERAL


-- Quarterly Stakeholders Meeting was held in Takoradi.


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 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/July2011/13/c5061.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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