Adamus Resources Limited - SAG Mill Installed
September 21 2010 - 2:16AM
PR Newswire (Canada)
PERTH, Western Australia, Sept. 21 /CNW/ -- /NOT FOR DISTRIBUTION
TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/ PERTH, Western Australia, Sept. 21 /CNW/ - Adamus
Resources is pleased to announce excellent progress on the
construction and development to date of the Nzema Gold operation,
with the arrival and installation on site of the SAG Mill for its
Nzema Gold operations. The mill arrived in country at the Takoradi
port, was transported to site without incident and arrived in
excellent condition. It has been lifted into place and Outotec
engineers and construction experts are supervising the
installation. Managing Director, Mark Connelly, who is on site to
witness the delivery and for project review, says "the delivery
went very well, a testament to the quality of the contractors that
we have engaged on the construction of the plant, facilities and
infrastructure for the Nzema Gold project. The mill is one of the
last major pieces of equipment to be delivered. Construction
continues at rapid pace, with all major activities underway for the
final push towards completion of the processing plant &
facilities". Adamus is targeting first gold pour in the first
quarter 2011. 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. please see our website: www.adamusresources.com.au or
contact: Mark Connelly - Managing Director, CEO, +61 8 9322 5943,
email: mark.connelly@adamusresources.com.au; For media enquiries
contact: Brian Thornton - Farrington National, +61 2 9332 4448,
email: bt@farrington.com.au
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