/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
19m @ 3.58g/t 25m @ 3.14g/t
16m @ 2.42g/t 16m @ 2.56g/t
9m @ 5.37g/t 20m @ 4.80g/t
- Results significantly extend mineralisation well beyond current
- Mineralisation remains open at depth
- Results support structural geology theory
PERTH, Western Australia, Oct. 21 /CNW/ - Adamus Resources Limited is
pleased to announce further results from the deeper drilling at the Salman
Central/South project area.
As with the previously reported initial results, these new results again
confirm the excellent potential to significantly extend the known
mineralisation to depths well below the current shallow 50 to 80 metres from
This drilling was targeted at extending the base of mineralisation up to
50-100 metres below the current mineral resource. Results received to date
successfully extend the known mineralisation.
A significant result of 20 metres @ 4.8g/t from 64m in hole SNRC885 on
section 551550N at the southern end of the deposit indicates a substantial
zone of mineralisation at depth below lower grade zone near-surface
mineralisation. The intersection supports the structural theory that the
current mineralisation plunges to the south and this hole has intersected that
zone. This is further supported by an intersection of 16m @ 2.42g/t on the
section 25m north which also intersected the same zone but closer to the
To view Figure 1 - follow the link
More holes will be planned to infill this zone over the coming months. All
of the sections under the current drilling and the majority of sections along
the remainder of Salman South/Central remain open at depth.
To view Figure 2 - follow the link
To view Figure 3 - follow the link
To view Figure 4 - follow the link
Importantly, these deeper (yet still shallow), holes further confirm the
results of the recent structural study of the Salman trend. As a result, it is
predicted that the extension of mineralisation below the southern end of the
trend may be repeated at the other 8 northern deposits spread along the
7 kilometre length of the Salman Trend.
Upon completion of the current phase of drilling the Salman Central/South
mineral resource estimate will be updated to reflect the new results. A
significant mineral resource increase is expected.
RC and diamond drilling results will be ongoing. In addition 11 diamond
tails of RC pre-collar holes are still to be drilled and assayed.
To view Figure 5 - follow the link
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 626km(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