ADU Adamus Res Ltd.

PERTH, Western Australia, Jan. 19 /CNW/ -- /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ PERTH, Western Australia, Jan. 19 /CNW/ - Adamus Resources Limited (TSXV:ADU) (Adamus Resources or the Company) poured its first gold bar at the Nzema Gold Project (Nzema) processing facility on 17 January 2011, confirming the Company's emergence as Ghana's next significant gold producer. This represents a significant milestone in the evolution of Adamus Resources from an early stage explorer, in arguably one of the best project addresses in the world, to gold producer. Since 2003, the Company has focused on developing the Nzema gold mine and in the process has secured rights to approximately 665km² of concessions in the world-class Ashanti trend in Ghana, host to over 100 million ounces of gold. We firmly believe Ghana represents the next generation of multi-million ounce, low-cost gold discoveries, located within an excellent jurisdiction that provides a stable political environment conducive to supporting the gold mining industry which represents 40% of the nation's GDP.  Our exploration success to date, on only approximately 20% of concession area, has resulted in defining a gold Ore Reserve estimate of 1.07Moz @ 2.01g/t and the Mineral Resource estimate of 1.75Moz @ 1.80g/t (Measured and Indicated) and 0.36Moz @ 1.62g/t (Inferred).  This has provided the platform to support a low cost 100,000 ounce per annum gold operation with an initial 10 year mine life. We have assembled a highly experienced team of professionals and contractors with extensive gold mining experience in Ghana and have accelerated delivery of 200,000 tonnes of stockpiled ore to the ROM pad which represents approximately 6 weeks of mill feed. Whilst we are focused on achieving production targets at Nzema, our near-term objectives are to grow the Company's mineral resources and ore reserves and therefore extend the initial 10 year mine life. Significant free milling oxide targets in close proximity to Nzema's processing facility are currently being investigated and recent exploration success intersecting significant sulphide mineralisation beneath existing open pits has revealed excellent potential to replace ore reserves as we mine.  We anticipate a new mineral resource upgrade to be announced during 2011. A key aspect to our current success is the continuation of open and transparent dialogue with the Ghana government and the local communities within which we operate. We are mindful of providing a long-term legacy for communities impacted by operations and have invested in youth education and technical skills to provide a sustainable future.  Our collaboration with the Australian High Commission has provided vocational training for over 140 youths, equipping them with tangible skills in areas such as carpentry, welding and fabrication, plumbing, masonry and electrical installation. Another significant challenge was the Salman Village resettlement program which I am pleased to report is well underway and in accordance with Ghana's EPA "like for like" requirements.  The Memorandum of Understanding signed with the community allows for acceleration of building works and full access to mining areas. The new Salman Village is expected to be completed in the 2(nd) half of 2011. I would also like to take this opportunity to thank all our shareholders, employees and contractors for your continued support. I look forward to delivering more value to your investment in Adamus Resources and remain confident that our success will continue throughout 2011. Yours sincerely Mark Connelly Managing Director / CEO   About Adamus Adamus Resources Limited is a gold producer, 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 developing 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. 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. Information in this release pertaining to ore reserves was compiled by Glenn Williamson an employee of Mining Resources Pty Ltd, who is a Member of The Australasian Institute of Mining and Metallurgy.  He qualifies as a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects.  Glenn Williamson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the JORC Code.  Glenn Williamson consents to the inclusion in the release of the matters based on this information in the form and context in which it appears. Information in this release pertaining to mineral resources was compiled by Nic Johnson, an employee of Hellman & Schofield Pty Ltd, who is a Member of The Australian Institute of Geoscientists and has more than 5 years experience in estimation of recoverable resources in gold deposits.  He qualifies as a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects.  Nic Johnson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the JORC Code. Nic Johnson consents to the inclusion in the release of the matters based on this information in the form and context in which it appears. Information in this release pertaining to exploration results was compiled by Martin Bennett, an employee of Adamus Resources Limited, who is a Member of the Australasian Institute of Geoscientists and has more than 5 years experience in estimation of recoverable resources in gold deposits.  He qualifies as a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects.  Martin Bennett has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the JORC Code. Martin Bennett consents to the inclusion in the release of the matters based on this information in the form and context in which it appears. Caution Regarding Forward Looking Information. Certain statements included in this release, 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 release 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/January2011/18/c3556.html 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

Copyright