Adamus Resources Ltd . - November 2010 Pictorial Update
December 02 2010 - 12:43AM
PR Newswire (Canada)
PERTH, Western Australia, Dec. 2 /CNW/ -- /NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/ PERTH, Western Australia, Dec. 2 /CNW/ - Plant site
construction continues at an excellent pace with commissioning
teams on site. Infrastructure works near completion and
Salman Resettlement works continue with construction of public
buildings well advanced. Initial discussions and planning
held with EPA to discuss mining of Anwia / Teleku Bokazo pits. Two
grade control rigs are in operation. At Salman Central 01
pit, grade control drilling is nearing completion and drilling at
Salman South 1A pit has commenced. Exploration drilling of the
sulphide ore zones along the Salman trend has continued during the
month with one RC drill rig and a diamond drill rig in operation.
Activities in the month of November 2010 included : --
African Mining Services (AMS) mobilised to site and commenced
mining of Nugget Hill 1A Pit. -- Water Storage Dam (WSD) central
and eastern walls now complete. Southern wall is 2m short of
completion. Current volume of water is around 275,000m(3). -- Work
on the Tailings Storage Facility (TSF) to Nugget Hill road is
continuing using waste from the mining of Nugget Hill. -- All
process staff recruited and arriving on site. -- Second 5kms of
optical fibre composite overhead ground wire has been installed.
This is aligned with the powerline and will provide
up-to-the-minute site communications. -- ROM bin grizzly and hungry
boards installed. -- Process water pumps and mill area lighting
commissioned. -- Essiama substation feeder bay has power available.
Overhead powerline nearing completion, ready for commissioning in
early December. -- CCD2 Thickener drive, gearbox and bridge
installed. -- Motor Control Centre has been energised. -- SAG mill
lining complete and drive train aligned. -- Refinery contract
signed with Rand Refinery. In the period to 31 December 2010,
Adamus will be targeting the following at its Nzema Gold Project:
-- Complete Water Storage Dam and Tailings Storage Facility
construction including tailings pipeline installation. -- Continue
pre-production mining (200,000 tonnes of ore required on the ROM)
-- Commissioning of 33Kv Powerline -- Process plant commissioning
-- Access road commissioning -- Grade control drilling at the
Salman South 01 pit. -- Diamond drilling of the sulphide ore zones
at Salman. -- RC drilling of the oxide resource at the Aliva
prospect. 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 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. pFor further information please see our website: a
href="http://www.adamusresources.com.au"www.adamusresources.com.au/a
or contact:/p p/p tabletr 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 align="justify"iFor media enquiries contact:/i/p p
align="justify"Brian Thornton - Farrington Nationalbr/ +61 2 9332
4448br/ email: a
href="mailto:bt@farrington.com.au"bt@farrington.com.au/a/p
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