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DISSEMINATION IN THE UNITED STATES/
PERTH, Western Australia, Aug. 2 /CNW/ - Emerging gold producer Adamus
Resources (TSXV, ASX: ADU) is pleased to announce it has secured drilling
equipment for further expansion of its Southern Ashanti Gold Project (SAGP) in
Ghana during the coming twelve months.
Adamus Chief Operating Officer Mark Connelly, currently onsite in Ghana,
said the Company had formed an alliance with drilling services supplier
African Mining Services (AMS), which locked in the equipment for the drilling
program through 2007 and into 2008. Following its June raising of A$7.84M at
64 cents per share, the company is well positioned for immediate growth.
"We have a double shift drilling program already underway here in Ghana,
with 22,000 metres of accretive drilling scheduled for the next six months.
Forming this alliance and securing the equipment is an important step in
allowing us to quickly increase our resource base and realise the potential of
the SAGP," Mr Connelly said.
AMS is part of the Australian based, international mining service group,
Ausdrill Limited. AMS has more than 10 years experience operating in Ghana.
Adamus Resources Limited is a Perth-based mineral exploration company,
listed on Australian Securities Exchange (ASX), TSX Venture Exchange (TSXV)
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 500km(2) of granted 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.
The TSXV 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
For further information:
For further information: Mark Connelly - Executive Director/COO, +61 8
9322 5943, email: email@example.com; Mark Bojanjac -
Managing Director/CEO, +61 8 9322 5943, email: firstname.lastname@example.org