Adamus Resources Limited - June 2011 Pictorial Update
July 13 2011 - 12:13AM
PR Newswire (Canada)
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 p
/p p align="justify" 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" Mark Connelly
- Managing Director / CEObr/ +61 8 9322 5943br/ email: a
href="mailto:mark.connelly@adamusresources.com.au"
cr="true"mark.connelly@adamusresources.com.au/a /td /tr /table p
/p
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