Adamus adding ounces at Anwia


    PERTH, Western Australia, Nov. 27 /CNW/ - Emerging gold producer Adamus
Resources (TSVX, ASX:ADU) is pleased to announce further exploration success
at its Ghana based gold project, identifying gold mineralisation at its Anwia
tenement within close proximity to its planned pit.
    The drilling results, part of an ongoing and widespread exploration
program at Adamus' Southern Ashanti Gold Project (SAGP) in Ghana, have
delineated a broad zone of moderate grade mineralisation over 200 metres
strike with indications of improving grade at depth.
    Seven core holes were completed at Anwia to depths of between 250 and
350 metres, aimed at mineralisation centred north-west of the planned open pit
and at 150-200 metres depth below surface.

    Results include intersections of:
    -  12.3m @ 2.35g/t
    -  3m @ 8.80g/t
    -  14m @ 2.06g/t
    -  18m @ 2.11g/t Au

    Three core holes targeted the postulated down-plunge extension of the
main Anwia mineralisation at depths of between 250 metres and 400 metres below
surface. AWRCD126 and 127 intersected broad zones of low-grade mineralisation
(eg, 24m @ 0.83g/t Au in AWRCD126) with occasional higher-grade intervals (eg,
1m @ 10.7g/t Au, also in AWRCD126). The continuation of strong hydrothermal
alteration to depth is encouraging. AWRCD128 was abandoned before reaching
target depth because of excessive deviation.
    Adamus Managing Director Mark Bojanjac said the extension would be the
target of more detailed exploration. "Our technical team considers any
high-grade structure in close proximity to the pit would be readily accessible
for underground mining by declining from the pit. The results of these holes,
along with the impact of the higher gold prices on the proposed Anwia pit
design, will be assessed prior to further drilling," Mr Bojanjac said.
    "These are further encouraging results, following recent drilling success
at the Avrebo and Akropon deposits, as we aim to extend the resource base and
extend mine life at the SAGP," Mr Bojanjac said. The recently increased gold
price also serves to materially increase the projected returns.
    Adamus is fast-tracking its flagship SAGP, where it currently has
identified a growing resource of 17Mt @ 2.2g/t for 1,200,000 oz (Measured and
Indicated) together with 6.3Mt @ 1.9g/t for 390,000 oz (Inferred). An updated
resource/reserve is scheduled for release in the next quarter.

                           Anwia Diamond Drilling
        Summary of Drill Intersections greater than 10 gram metres Au
    Prospect/     Location    Orientation   Hole Intersection Interval  Grade
                                           Depth      (m)
    Hole        East   North  Azimuth  Dip   (m)   From    To    (m) (g/t Au)
    AWRCD121  575064  551150    225   -60    258   197.9  210.2  12.3   2.35
    AWRCD122  575120  551199    229   -60    309   214.7  219.7     5   3.52
                                                   226.6  249.6    23   1.11
                                                     293    297     4   3.59
    AWRCD123  575058  551211    232   -60    264     192    195     3   8.80
                                         including   194    195     1   23.1
                                                   245.3  246.3     1   13.7
    AWRCD124  575018  551240    228   -60    236     195  197.7   2.7   3.63
    AWRCD125  575172  551178    230   -60    342     203    208     5   2.13
                                                     226    228     2   8.56
                                                   301.7  315.7    14   2.06
    AWRCD126  575225  551197    137   -60  441.2     292    293     1   10.7
    AWRCD127  575165  551311    135   -60  528.5     485    492     7   1.78
    AWRCD128  575109  551414    138   -60    351                         NSI
    AWRCD129  575189  551124    226   -60  330.4     118    136    18   2.11
                                                     149    155     6   4.33
                                                     166    167     1   25.5
                                                     259    267     8   1.96
    AWRCD130  575150  551072    226   -60    243                         NSI
        1) HQ/NQ core holes with RC pre-collars.
        2) Sawn half core submitted for assay, normally in one metre
        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 1g/t Au.
        7) Maximum included internal dilution 4m.
        8) NSI indicates no significant intercept.

    To view figures 1 & 2 follow the link below

    About Adamus

    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 realising the economic potential of the Southern Ashanti Gold Project in
Ghana, West Africa. The Project encompasses approximately 500km(2) 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.


    Mark Bojanjac
    Managing Director/CEO

    Information in this announcement pertaining to exploration results and
mineral resources was compiled by Gary Brabham, an employee 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

For further information:

For further information: Mark Bojanjac, Managing Director/CEO, +61 8
9322 5943, email:; Mark Connelly, Executive
Director/COO, +61 8 9322 5943, email:

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