Adamus Resources Limited - October 2010 Pictorial Update
November 04 2010 - 1:28AM
PR Newswire (Canada)
PERTH, Western Australia, Nov. 4 /CNW/ -- /NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/ PERTH, Western Australia, Nov. 4 /CNW/ - Excellent progress
continues to be made despite some intermittent weather conditions
during October. Grade control drilling advances whilst plant site
construction remains on schedule. The village relocation including
earthworks, drainage, manufacture of hydraform bricks and the
construction of public buildings has continued to advance and meet
schedule. Activities in the month of October 2010 include: - First
ore mined and trucked to the ROM pad (30,000 tonnes stockpiled at
end of month) ; - Mining Contract awarded to African Mining
Services ; - SAG Mill mechanical installation completed including
installation of ring gear, trunnion bearings, motor, lube pack and
drain piping. Mill control panel and gearbox positioned ; -
Conveyor CV03 headframe and truss structure complete. CV02
installed; - Acid wash and elution columns installed, carbon
regeneration kiln installed ; - Crusher discharge chute installed ;
- Agitators assembled and installed ; - Plant offices and buildings
completed ; - Ankobra River freshwater pipeline commissioned, water
being pumped into Water Storage Dam; - 33kV overhead powerline
(OHPL) 50% complete. First power scheduled by end November ; -
Construction of the Nugget Hill to ROM pad road is complete ; -
Construction continues on Nugget Hill to Tailings Storage Facility
(TSF) road ; - Water Storage DAM (WSD) western wall completed,
eastern wall nears completion ; - Phase I road construction
continues with 5.1km of road completed. Phase II road clearing and
powerline corridor 97% complete ; - Grade control model completed
for Nugget Hill ; - Salman sulphide drilling program continues. In
the period to 30 November 2010, Adamus will be targeting the
following at its Nzema Gold Project : - First fill reagents arrival
on site - Commence lining of SAG Mill - Demobilisation of civil
works contractor - Continue pre-production mining (200,000 tonnes
of ore required on the ROM) - Mining contractor mobilising to site
and commence mining - Continue Salman sulphide drilling program -
Commissioning of 33Kv Powerline, Water Storage Dam and Decant
Return Lines - Process plant commissioning - Continued construction
at Salman Village progressing well - Grade control drilling at
Salman Central and Salman South Further photographs appear on the
Company's website at
http://www.adamusresources.com.au/nzema-gold-project/construction-progress.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 665km(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.
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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