/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
- A further zone of mineralisation has been identified in a new host
- Visible gold was identified in swarms of narrow quartz veins in
- Drilling at depth has uncovered this new style of mineralisation
- Results included:
5.1m @ 12.85g/t 11.8m @ 5.34g/t
9.5m @ 5.17g/t 2.8m @ 14.27g/t
7.0m @ 3.13g/t 3.5m @ 8.64g/t
PERTH, Western Australia, July 24 /CNW/ - Adamus Resources Limited (ASX
and TSXV: ADU) has identified a further zone of mineralisation below the
existing Bokrobo deposit at its Southern Ashanti Gold Project in south west
The mineralisation was intercepted after extending a planned infill drill
hole some 150 metres deeper than anticipated after visible gold was identified
in swarms of narrow quartz veins in a granitic host.
Bokrobo currently has a mineral resource estimate of 1.2 mt @ 2.38g/t Au
in the Measured and Indicated category with a further 540,000 tonnes @ 1.93g/t
Au in Inferred, all located in near-surface zones down to 100 metres.
For figures and images follow the link below:
Adamus CEO Mark Bojanjac said the new mineralisation is of a style not
previously encountered in the area and has the potential to produce broad
zones at depth.
This drilling is part of a larger programme to test the depth potential
of all of the mineralisation at both the Anwia and Salman areas. Bokrobo forms
part of the Anwia trend of mineralisation.
"This is an excellent start to Adamus' deeper exploration programme."
Once the current programme is complete the Bokrobo mineral resource
estimate will be updated. Adamus has completed the immediate multipurpose
RC/Diamond drilling at Bokrobo and further work is being planned.
Current drilling is focussed on the Salman Trend with initial results to
be released shortly.
Adamus Resources Limited is a Perth-based mineral exploration company,
listed on 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 464km(2) 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.
Information in this announcement pertaining to exploration results and
mineral resources was compiled by Ron Heeks, an employee of Adamus Resources
Limited, who is a Member of The Australasian Institute of Mining and
Metallurgy 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. Ron Heeks 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. Ron Heeks 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 do 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
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
For further information:
For further information: 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,