Adamus Resources Limited - High grade gold discovered at Akropon



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    PERTH, Western Australia, Nov. 8 /CNW/ - Emerging gold producer Adamus
Resources Limited (TSXV, ASX: ADU) has again demonstrated further drilling
success at its Ghana gold project, with new results from its Akropon tenement
revealing more high grade gold mineralisation at shallow depths.
    The results follow recent exploration success at the Abosso and Avrebo
deposits. This provides a further boost for Adamus in its strategy to continue
expanding its established resource base at its Southern Ashanti Gold Project
(SAGP) in Ghana, whilst it achieves the necessary permits to commence mine
development.

    
    Results from drilling at Akropon include:

      -  12m @ 1.17g/t
      -  8m @ 11.7g/t
      -  12m @ 13.8g/t
      -  12m @ 1.36g/t
    

    The RC drilling program of was completed in September initially, testing
the Akropon target to about 50 metres depth over 500 metres strike. Assays
have been received for initial 4 metre composite samples, with intercepts
including 12m @ 1.17g/t, 8m @ 11.7g/t, 12m @ 13.8g/t and 12m @ 1.36g/t. Assays
are awaited for one metre re-split samples of mineralised intercepts. Results
are currently being assessed, but early indications are that with further
drilling Akropon will contribute a modest open pit resource to the SAGP.
    At the current gold price, this new discovery could again add
significantly to the increasingly robust economics of the SAGP.
    Adamus Resources is making big inroads in the development of it's the
SAGP, recently announcing good progress with permit applications and on-ground
development work in Ghana. The Company remains on track to realising the
potential of the SAGP, where it has discovered a growing resource of 17Mt @
2.2g/t for 1,200,000 oz (Measured and Indicated) and 6.3Mt @ 1.9g/t for
390,000 oz (Inferred).

    
                             Akropon RC Drilling
         Summary of Drill Intersections greater than 10g/t metres Au

    -------------------------------------------------------------------------
    Prospect/      Location    Hole Depth  Intersection (m)  Interval  Grade
    -------------------------------------------------------------------------
    Hole         East   North     (m)        From     To        (m)  (g/t Au)
    -------------------------------------------------------------------------
    ARRC007    578665  560801          51       0     12        12      1.17
    -------------------------------------------------------------------------
    ARRC008    578634  560801          81                                NSI
    -------------------------------------------------------------------------
    ARRC009    578673  560850          63       0      4         4      3.89
    -------------------------------------------------------------------------
                                and            12     20         8      11.7
    -------------------------------------------------------------------------
                                incl           12     16         4      22.3
    -------------------------------------------------------------------------
    ARRC010    578643  560849          81                                NSI
    -------------------------------------------------------------------------
    ARRC011    578666  560902          60      48     60        12      2.17
    -------------------------------------------------------------------------
    ARRC012    578712  560998          87                                NSI
    -------------------------------------------------------------------------
    ARRC013    578680  560999          81                                NSI
    -------------------------------------------------------------------------
    ARRC014    578843  561300          75                                NSI
    -------------------------------------------------------------------------
    ARRC015    578857  561249          51                                NSI
    -------------------------------------------------------------------------
    ARRC016    578879  561300          51                                NSI
    -------------------------------------------------------------------------
    ARRC017    578844  561150          75                                NSI
    -------------------------------------------------------------------------
    ARRC018    578830  561203          63      32     44        12      13.8
    -------------------------------------------------------------------------
                                incl           32     36         4      37.3
    -------------------------------------------------------------------------
    ARRC019    578798  561202          29                                NSI
    -------------------------------------------------------------------------
    ARRC020    578811  561249          90      40     56        16      0.76
    -------------------------------------------------------------------------
    ARRC021    578797  561200          93      16     20         4      3.38
    -------------------------------------------------------------------------
                                and            28     40        12      1.36
    -------------------------------------------------------------------------
    ARRC022    578692  560950          90                                NSI
    -------------------------------------------------------------------------
    ARRC023    578663  560948          90                                NSI
    -------------------------------------------------------------------------
      Notes
      1) All holes drilled by reverse circulation.
      2) All samples collected in 1m intervals, riffle split abd combined to
         4m composites for initial assays.
      3) Assaying conducted by Transworld Laboratories, Tarkwa, Ghana using
         industry standard 50g lead collection fire assay with AAS finish.
      4) Reference standards, field duplicates and blank samples are
         routinely inserted at 1:20 and assays of quality control samples are
         routinely monitored.
      5) Assays are reported to 3 significant figures within the limits of
         0.01g/t analytical precision.
      6) Lower intersection cut-off grade 0.5g/t Au, top-cut grade of 20g/t
         applied to high assays.
      7) Maximum included internal dilution 4m.
      8) NSI indicates no significant intercept.
    

    To view Figures 1 & 2 follow the link below:
    http://files.newswire.ca/407/ADU-Akropon.pdf


    About Adamus

    Adamus Resources Limited is a Perth-based mineral exploration company,
listed on Australian Security 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 500km2 of tenure in the Ashanti Gold Belt - host to over 60moz
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.

    "signed"

    Mark Bojanjac
    Managing Director/CEO


    Information in this announcement pertaining to exploration results and
mineral resources was compiled by Gary Brabham, a director of Adamus, who is a
Member of The Australasian Institute of Mining and Metallurgy and a Member of
the Australian Institute of Geoscientists and has more than 5 years experience
in estimation of recoverable resources in gold deposits. He qualifies as a
"Qualified Person" under Canadian National Instrument 43-101 - Standards of
Disclosure for Mineral Projects. Gary Brabham has sufficient experience which
is relevant to the style of mineralisation and type of deposit under
consideration and to the activity which he is undertaking to qualify as a
"Competent Person" as defined in the JORC Code. Gary Brabham consents to the
inclusion in the announcement of the matters based on this information in the
form and context in which it appears.

    The TSX-V and ASX does not accept responsibility for the adequacy or
    accuracy of this release. No stock exchange, securities commission or
    other regulatory authority has approved or disapproved the information
    contained herein.

    Caution Regarding Forward Looking Statements.

    Statements regarding Adamus' plans with respect to its mineral properties
are forward-looking statements. There can be no assurance that Adamus' plans
for development of its mineral properties will proceed as currently expected.
There can also be no assurance that Adamus will be able to confirm the
presence of additional mineral deposits, that any mineralization will prove to
be economic or that a mine will successfully be developed on any of Adamus'
mineral properties. Circumstances or management's estimates or opinions could
change. The reader is cautioned not to place undue reliance on forward-looking
statements.





For further information:

For further information: Mark Bojanjac - Managing Director/CEO, +61 8
9322 5943, email: mark@adamusresources.com.au; Mark Connelly - Executive
Director/COO, +61 8 9322 5943, email: mark.connelly@adamusresources.com.au

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