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DISSEMINATION IN THE UNITED STATES/
PERTH, Western Australia, May 14 /CNW/ - Adamus Resources Limited (ASX:
ADU) is pleased to announce promising initial results from surface sampling at
its Kanyankaw prospect just 20 kilometres from the proposed mill at Salman,
Ghana for the Southern Ashanti Gold Project.
Upon acquiring an option in February 2009 over the 17.5 km(2) Kanyankaw
prospecting licence, Adamus embarked upon surface sampling programme as part
of its technical due diligence, which involved randomly sampling soils along
an existing government road. Highlights of the sampling results are detailed
below and include:
88m @ 1.16g/t Au 32m @ 0.67g/t Au
36m @ 0.59g/t Au 10m @ 2.46g/t Au
28m @ 0.54g/t Au 24m @ 0.70g/t Au
Commenting on the results, Managing Director Mr Mark Bojanjac said:
"Consistent gold intercepts of up to 88m along an existing road which was
constructed without regard to geology highlights the region's outstanding
"The foresight and ingenuity of our exploration team to search and
successfully find gold in road cuttings needs to be commended. The results
will assist in delineating early targets for drilling.
"As Kanyankaw is located a mere 20 km from the proposed mill site at the
South Ashanti Gold Project (SAGP), it provides excellent potential to add to
the existing mineral resource of 30.2Mt @ 1.8g/t for 1,750,000 oz (Measured
and Indicated) together with 6.98 Mt @ 1.62g/t for 362,000 oz (Inferred).
Whilst SAGP has defined sufficient ore reserves for a decade-long 100,000 oz
pa operation, opportunities like Kanyankaw provide further scope to build our
mineral resource base with the potential to further scale up production."
Field Work Continues
Field mapping revealed the presence of quartz stringers and altered
metavolcanics in the road cutting walls, leading to the cuttings being
sampled. The excellent first pass results indicate that the Kanyankaw contains
the potential to host significant zones of mineralisation.
Field mapping has also identified that the weathering profile in the area
is likely to produce near surface, supergene mineralisation and these results
appear to support the theory. Further trenching and sampling work will be
carried out in the near future to delineate targets areas prior to drilling.
An option over the Kanyankaw was acquired in February 2009 from Shankill
Resources Limited, a wholly owned subsidiary of Moydow Mines International
Detailed information on all aspects of the Company's activities can be
found on Adamus' comprehensive website www.adamusresources.com.au.
The TSXV 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 in this release.
For further information:
For further information: Mark Bojanjac, Managing Director, CEO, +61 8
9322 5943; Mark Connelly, Executive Director, COO, +61 8 9322 5943; Media
contact: Brian Thornton, Farrington National, +61 2 9332 4448