Adamus Resources Limited - Gold Exploration Update

PERTH, Western Australia, May 17 /CNW/ -- 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
 DISSEMINATION IN THE UNITED STATES/


PERTH, Western Australia, May 17 /CNW/ - Adamus Resources Limited
 (ASX:ADU) is pleased to announce further diamond drilling and soil
 sampling results at the company's Nzema Gold project, located in Ghana,
 West Africa.


Diamond drilling at the Teberru 04 pit within the Salman Trend at Nzema
 has extended the mineralised zone 100m down dip. Diamond drill hole
 SNDD1109 located 100m below all previous drilling intersected 13m @
 4.15g/t from 167m.  The mineralised zone dips at ~50 degrees to the
 west indicating that the intersection is approximately true width.


Adamus Resources CEO and Managing Director, Mr Mark Connelly, said "this result confirms mineralisation is continuing at depth with
 increasing grades and wide intersections, propelling our drilling
 program one step closer to generating an additional inferred mineral
 resource estimate directly underneath existing mineable pits".


Diamond drilling was subsequently conducted 100m and 200m to the north
 and south of SNDD1109 at the same level.  SNRCD 1193 and SNRCD1238
 drilled 100m and 200m to the south respectively intersected visual
 indications of mineralisation (arsenopyrite) at a similar depth to
 SNDD1109.  Assay results for these holes are pending and will be
 announced during the current quarter.


SNRCD1270 drilled 100m to the north also intersected zones of
 mineralisation, whilst, SNRCD1269 drilled 200m to the north intersected
 broken ground with intrusive material with no significant
 mineralisation and was interpreted to be a fault.



                   New Intercepts - Teberru 04

Hole ID  Section (UTM N55)           Intersection

SNRC986          553650      2m @ 4.71g/t Au from 4m

SNRC988          554000     13m @ 0.76g/t Au from 2m

SNRC989          554000     3m @ 1.99g/t Au from 76m

SNDD1007         553826      5m @ 3.8g/t Au from 56m

SNDD1007         553826     5m @ 2.63g/t Au from 75m

SNDD1007         553826     3m @ 2.79g/t Au from 84m

SNDD1109         553804    13m @ 4.15g/t Au from 167m

SNDD1013         553975    10m @ 3.08g/t Au from 30m

SNDD1016         553728    15m @ 4.23g/t Au from 71m

SNRC1020         553927     4m @ 1.59g/t Au from 60m

SNRC1021         553876     4m @ 1.77g/t Au from 85m

SNRC1021         553876     3m @ 2.36g/t Au from 97m





Additional drilling is underway at Teberru 04 on a 50m x 50m grid with
 the aim of generating an inferred mineral resource estimate.


SOIL SAMPLING RESULTS EXTEND TARGET AREAS


Soil sampling has been completed on the Apa Tam prospecting licence (PL)
 and continues on the Asanta and Hotopo PLs.  From the 944 sample
 results received for the Apa Tam PL the peak value is 0.54ppm Au in a
 background of less than 10ppb Au.  Thirty three samples returned
 results greater than 100ppb Au.


The soil sample results have extended the target area at Avrebo West
 located 750m west of the Avrebo prospect (25,000oz Au).  Previous
 trenching at Avrebo West gave a best result of 10m at 2.22g/t Au.


Soil sampling results now suggest the mineralised trend extends at least
 500m to the north.  Soil sampling across a low knoll hill returned
 results of 325-400ppb Au.  The anomaly is likely to extend further. 
 200m spaced RC traverses are planned between Avrebo, Avrebo West and a
 neighbouring property's mineral resource to the north.


A mineral resource estimate update is planned for mid 2011 incorporating
 results from the oxide and sulphide exploration programs.


LIBERIA UPDATE


Adamus has secured highly prospective concessions in Liberia.  Liberia
 currently ranks with Ghana in the low risk category of countries within
 West Africa.  At present there is very little gold production in
 Liberia, and Adamus with over 3,000 km(2), is one of the largest land holders.


The company has three initial target areas: Fasama, Bopolu and Mambo,
 all located in the highly prospective Archaean belt north of the
 capital Monrovia in western Liberia.


Current work plan will include field programs of data compilation,
 community consultation and access assessment, leading to stream
 sediment and soil sampling, geological mapping and rock chip sampling. 
 Adamus will be on the ground in June 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 Nzema 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


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.


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