Adamus Resources - 2011 Pictorial Update


PERTH, Western Australia, Sept. 8, 2011 /CNW/ - During August, Adamus Resources (ASX: ADU) and Endeavour Mining Corporation (TSX: EDV) announced they had entered into a definitive Merger Implementation Agreement to combine through an all-stock merger of equals transaction.  We believe this will create a leading West African gold production, development and exploration company as a platform for future growth and acquisitions.

Additional oxide intersections from RC drilling along the Salman Trend at the Nzema Gold Project in south-west Ghana were identified and an update provided on work undertaken on the Liberian Mineral Reconnaissance Licenses.


  • Mining during the month was spread across Salman South 1A, 1B, 1C and 02 pits.
  • Processing plant and facilities continue to perform well, meeting design specifications. Minor modifications have been completed or are proposed to increase processing performance.
  • Salman Village residential housing continues to make good progress.


  • Initial work on Liberian Mineral Reconnaissance Licences discovered large areas of alluvial and hardrock workings.
  • Drilling south of the Salman South 1C pit intersected extensions along the mineralised trend.
  • Mineralised trend intersected to the east of the Nugget Hill 03 pit.  Additional drilling is planned with the aim of delineating a mineral resource of sufficient size to support a new oxide pit.
  • Auger sampling is ongoing on the Asanta prospecting licence soil anomalous zone, located at the southern end of the Salman trend.

Regional exploration was ramped up during the month with drilling commenced at Awukyere (12 kms SE of plantsite) and Kanyankaw (22 kms NNE of plantsite), whilst pads and access preparation commenced at Hotopo (37 kms SW of plantsite).

About Adamus

Adamus Resources is a gold producer, with its key asset located in Ghana, West Africa.  The company poured its first gold in January 2011, entered commercial production three months later and is on target to produce 100,000 ounces of gold annually from its flagship Nzema Gold Project.  The project includes open pit mining operations, a processing facility and associated infrastructure to mine and process ore.  On current estimates the project has a minimum life of 10 years.

As well as continuing with an extensive exploration program aimed at expanding its operations in Ghana, Adamus is also targeting additional discoveries from its significant landholding in Liberia.  Both countries provide a stable, mining-friendly political and economic environment for Adamus to operate.

Adamus is headquartered in Perth, Western Australia. The company is listed on the Australian Securities Exchange, TSX Venture Exchange and Frankfurt Stock Exchange Open Market.

In August 2011 the Company announced its intention to merge with Endeavour Mining Corporation.  Endeavour owns the Youga Gold Mine in Burkina Faso, West Africa as well as a pipeline of exploration and development projects in the region.  If approved by Adamus and Endeavour shareholders, the merger is likely to take place in December 2011.

Kind regards



Mark Connelly
Managing Director/CEO

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:

Mark Connelly - Managing Director / CEO
+61 8 9322 5943

For media enquiries contact:

David Ikin - Professional Public Relations
+61 8 9388 0944

Organization Profile

Adamus Resources Limited

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