Adamus Resources Limited - April 2011 Pictorial Update
12 Maio 2011 - 10:49PM
PR Newswire (Canada)
PERTH, Western Australia, May 13 /CNW/ -- /NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/ PERTH, Western Australia, May 13 /CNW/ - Adamus Resources
Limited (ASX and TSXV: ADU) achieved commercial production
effective 1 April 2011 marking the completion of project
development, commissioning and operational ramp-up of the mine and
processing plant. In April we welcomed a delegation from the
Australian Parliamentary Joint Committee on Foreign Affairs,
Defence and Trade at the Nzema Gold Project. The eight-member
delegation led by the Hon. Joel Fitzgibbon MP, highlighted
Australia's growing engagement with Ghana. This visit came as a
part of the Joint Committee's inquiry into Australia's relations
with Africa in areas including bilateral relations, trade and
investment, and diplomacy. Adamus was the only mining project
visited by this delegation in Africa. Adamus was granted three
Mineral Reconnaissance Licences in the Republic of Liberia covering
an area of 3,107km(2). The Licences are located in a highly
prospective Archaean belt north of the capital Monrovia in western
Liberia. Other activities in the month of April 2011 included : --
Mining of Salman South 1A, 1B along with Salman Central pits --
Grade control drilling at Salman South 1C and Salman South 02. --
Resource definition drilling continued at Salman North as did
diamond drilling at Aliva with all holes completed. Diamond drill
has moved to Teberru 04 to undertake drilling of sulphide
mineralisation. -- Construction of explosives magazine, Salman
North haul road and Salman - Akango phase 1 access road diversion
all commenced. -- First royalty cheque presented to the government
of Ghana. -- Salman village is progressing with community buildings
nearing 100% completion. Foundations have been poured for all 452
residential buildings with Hydraform block fabrication expected to
be completed in line with mid June target. -- Community
sensitisation of the Anwia area (approx. 10kms from the Nzema
process plant) has begun with the aim of commencing resource
definition and resource extension drilling. Further photographs
appear on the Company's website at :
http://www.adamusresources.com.au/nzema-gold-project/construction-progress/march-2011.html
About Adamus Adamus Resources Limited is an explorer and mine
developer, listed on the 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 665km² 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. Kind regards ADAMUS RESOURCES LIMITED (signed)
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. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/May2011/12/c4254.html p
please see our website: a
href="http://www.adamusresources.com.au"www.adamusresources.com.au/a
or contact: /p table tr valign="top" td align="left" Mark Connelly
- Managing Director / CEObr/ +61 8 9322 5943br/ email: a
href="mailto:mark.connelly@adamusresources.com.au"mark.connelly@adamusresources.com.au/a
/td /tr /table p /p
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