/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
PERTH, Western Australia, Aug. 24 /CNW/ - Emerging gold producer Adamus
Resources Limited ("Adamus" or the "Company") (TSXV, ASX: ADU) is pleased to
announce the appointments of:
- Mr Jeremy Langford - Project Manager, Construction
- Mr Craig Wilson - Project Manager, Infrastructure
to the Adamus Management Team. Both Jeremy and Craig bring extensive
project development experience to the Company and will broaden Adamus'
existing skill base for the commencement of construction of the Southern
Ashanti Gold Project ("Southern Ashanti") anticipated before year-end.
Mr Jeremy Langford is a Mechanical Engineer with previous mining
experience in West Africa. As Construction Manager finalising the Sabodala
Gold Mine in Senegal, Jeremy planned, managed and oversaw all construction
activities, successfully orchestrating an on-time and on-budget project
delivery of the US$300M Greenfields project. Prior to this as Construction /
Project Manager for ICON Engineering, Jeremy succeeded in managing the
complete design, fabrication and offshore installation of a number of
Mr Craig Wilson is a Mining Engineer with immediate previous Project
Management experience in Ghana. Craig managed and wrote the Detailed
Feasibility Study and executed the construction of the nearby Hwini Butre &
Benso Projects, which included design and construction of infrastructure, open
pits, 80 kilometres of haul road and evaluating ore haulage systems and pit
reserving for that operation. Prior to this Craig was responsible for all
major construction projects on site including tailings dam lifts, airstrip
relocation, road construction, etc for the Gieta Gold Mine in Tanzania.
Adamus' Managing Director, Mark Bojanjac said that "these high-level
project management appointments provide the Company with the accomplished West
African expertise required within Adamus to manage the build of our project."
"Following on from the recent addition of the former Head of Anglogold
Ashanti Australia, Mr Peter Rowe, to the Board, these appointments are pivotal
to developing the Southern Ashanti into a 100,000+oz pa operation with a mine
life of 10 years by 2011."
"Operations management appointments are also in advanced discussions" Mr
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.
For further information:
For further information: please see our website:
www.adamusresources.com.au or contact: Mark Bojanjac, Managing Director\CEO,
+61 8 9322 5943, email: email@example.com; Mark Connelly, Executive
Director/COO, +61 8 9322 5943, email: firstname.lastname@example.org;
For media enquiries contact: Brian Thornton, Farrington National, +61 2 9332
4448, email: email@example.com