Adamus Resources Limited - High grade gold intersections at Kanyankaw

    




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 Highlights 




        --  RC drilling intersects high-grade gold mineralisation

        --  Best results include 1m at 108g/t Au

        --  New mineralised trends identified

        --  Potential for shallow open pit mineral resources




 PERTH, Western Australia, Dec. 1, 2011 /CNW/ - Adamus Resources Limited   is pleased to announce that its ongoing exploration program  has returned  positive results from the recent  RC drilling program at  its Kanyankaw project (22km east of the Nzema Gold Project), located  between Tarkwa and the port town of Takoradi. 

 This work, which has revealed high-grade gold intersections, continues  to reinforce Adamus' strategy of developing regional exploration  targets to provide additional oxide mineral resources that can be  delivered to the Nzema processing plant by road transport. 

 Best intersections include : 




     ______________________________________________________________
    |KNRC005|2m @ 13.24g/t Au from 72m                             |
    |_______|______________________________________________________|
    |KNRC018|2m @   9.98g/t Au from 27m                            |
    |_______|______________________________________________________|
    |KNRC008|6m @ 18.65g/t Au from 61m (Includes 1m @ 108g/t Au)   |
    |_______|______________________________________________________|
    |KNRC004|2m @ 30.21g/t Au from 22m (Includes 1m @ 59g/t Au)    |
    |_______|______________________________________________________|
    |KNRC006|2m @ 19.32g/t Au from 76m (Includes 1m @ 37.92g/t Au) |
    |       |2m @ 16.05g/t Au from 111m (Includes 1m @ 31.12g/t Au)|
    |_______|______________________________________________________|





 Adamus Managing Director Mark Connelly said: "This is very significant  as it indicates there may be potential for us to extend the project's  current 10 year mine life.  We are continuing to run an aggressive  exploration program on near-mine targets as a key component of our  strategy to increase the Nzema Gold Project's mineral resource base." 

 In July 2011, Adamus drilled 25 RC holes at Kanyankaw for a total of  2806m to in-fill drill coverage along the Tribute Vein, and to test an  area of quartz veining with small scale mining to the southeast. 

 Gold mineralisation is associated with numerous narrow quartz veins that  strike northeast and dip moderately steeply to the northwest.   The  veins are hosted by a thick sequence of mafic volcanic rocks that has  been deeply weathered to a depth of 80-100m.  The laterite profile has  been eroded by streams leaving flat topped hills surrounded by rugged  terrain with deeply incised valleys where the laterite has been largely  removed. 

 Although narrow, the quartz veins commonly contain very high grades with  carbonate-pyrite alteration extending into the sheared mafic  wallrocks.  At the Tribute Vein the quartz vein sets show continuity  over ~800m in a zone 50 to 100m wide.  In-fill drilling confirmed  previous results but also intersected several new parallel zones  providing encouragement for further discoveries in the area. KNRC008  located just southeast of the Tribute Vein intersected two narrow  high-grade veins containing 1m @ 19.82g/t Au from 19m and 1m @ 108g/t Au from 63m.  RC drilling also intersected high-grade quartz veins at the second  target area to the southeast where there is abundant evidence of mining  over an extended period including a two compartment shaft.  KNRC004  intersected 1m @ 59g/t Au from 24m and KNRC006 intersected 1m @ 37.92g/t from 77m and 1m @ 31.12g/t Au from 111m. 

 Additional RC drilling is planned to determine the strike continuity of  the high-grade veins and their lateral spacing at both the Tribute Vein  and several new targets to the southeast.  Although narrow, the high  grade of the mineralisation highlights the potential for open pit  mineral resources. 

 History 

 There has been a long history of gold mining at Kanyankaw with the first  documented production by the Portuguese in the 16(th) century.  Between 1904 and 1953 gold was produced by colonial companies  from small shafts and adits.  Modern exploration commenced in the  mid-1980s with systematic soil sampling, mapping and drilling resulting  in the discovery of the Tribute Vein, a northeast trending vein set.   The best drill intersection from the Tribute Vein is 6m @ 9.54g/t Au.  Reconnaissance work led to a second area of quartz veining 750m to  the southeast.  Sampling of road cuttings near this area returned  results of 24m @ 1.45g/t Au and 18m @ 1.48g/t Au. 

 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 expectation 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. 

   

Adamus Resources Limited


CONTACT:  Mr Ian Cunningham - Company Secretaryon [phone] 


    

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