Adamus Resources Ltd. - December 2010 Pictorial Update
January 06 2011 - 8:42PM
PR Newswire (Canada)
PERTH, Western Australia, Jan. 6 /CNW/ -- /NOT FOR DISTRIBUTION TO
UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES/ PERTH, Western Australia, Jan. 6 /CNW/ - Commissioning and
final plant site construction continued during December with the
Nzema Gold Project on track for its first gold pour in early Q1
2011. Mining continued with 613kt of material moved including
approximately 200kt of ore stockpiled. A Mine Production
Engineer and Pit Superintendent have been appointed with both
commencing before year end. Exploration drilling of the sulphide
ore zone below the Teberu 04 pit continued to generate excellent
intersections and significant mineralisation of both oxide and
sulphide has been intersected from the first of the drill holes at
Salman South. Activities in the month of December 2010 included
: -- Crusher and conveyors CV01 and CV03 commissioned
with ore. -- CV03 stockpiling commenced. -- SAG Mill commissioned.
-- Transfer station ramp completed. -- Grid power connected to site
(33kv powerline). -- Water Treatment Plant commissioned. --
Installation of carbon regeneration kiln and supports completed. --
Goldroom blockwork and roof sheeting installed. -- Thickeners
painted and priming commenced. -- Site clinic and security building
to be completed in January 2011. -- Environmental operating permits
received for the tailings storage facility. -- Drainage and
groundwater pipework for tailings storage facility completed. --
Water Storage Dam completed to 400,000m(3) capacity. -- Tailing
Storage Facility progress at 89%. -- Water Storage Dam and Decant
return pumps commissioned. -- Salman resettlement earthworks
completed and public buildings on schedule. 2010 has been a busy
and historical year for Adamus with construction of our Nzema Gold
Project nearing completion and the first gold pour scheduled in
early Q1 2011. In the early part of 2011, additional exploration
diamond drilling will continue at Salman South and Salman
Central. Preparation for reverse circulation (RC) drilling at
the Aliva oxide prospect is well advanced and soil sampling will
shortly recommence. 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. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/January2011/06/c9092.html
pFor further information please see our website: a
href="http://www.adamusresources.com.au"www.adamusresources.com.au/a
or contact:/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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