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ADU Adamus Res Ltd.

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Share Name Share Symbol Market Type
Adamus Res Ltd. TSXV:ADU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Adamus Resources Limited - May 2011 Pictorial Update

01/06/2011 7:16am

PR Newswire (Canada)


Adamus Res Ltd. (TSXV:ADU)
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PERTH, Western Australia, June 1, 2011 /CNW/ -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES PERTH, Western Australia, June 1, 2011 /CNW/ - Adamus Resources Limited (ASX and TSXV: ADU) announced further diamond drilling and soil sampling results at the company's Nzema Gold Project in Ghana. Diamond drilling at the Teberu 04 pit extended the mineralised zone 100m down dip. Additional drilling is underway at Teberu 04 on a 50m x 50m grid with the aim of generating an inferred mineral resource estimate. Soil sampling on the Apa Tam prospecting licence has extended the target area at Avrebo West, with results suggesting the mineralised trend extends at least 500m to the north. Other activities in the month of May 2011 included : OPERATIONS -- Mining focussed on Salman South 1A and 1B pits. -- Grade control drilling continued at at Salman South 1C and Salman South 02 and commenced at Salman North 1A & 1B in preparation for mining in July 2011. -- Construction of the explosives magazine, Salman North haul road and Salman - Akango phase 1 access road diversion all continued during the month. -- Ghana Environmental Protection Agency (EPA) conducted the Annual Akoben Environmental & Social Audit with results expected in June 2011. -- Salman village construction continues to progress with the final work completed on public buildings. EXPLORATION -- Diamond and RC drilling continued during the month at Teberu 04, whilst RC drilling of the parallel structure east of Nugget Hill 03 commenced late in the month. -- Soil sampling of the southern section of Asanta prospecting licence was completed whilst soil geochem continued on Hotopo prospecting licence. -- Anwia / Teleku Bokazo sensitisation advanced with line cutting and clearing site underway. Additional infill and resource definition drilling to commence June 2011. -- Liberian exploration program for fieldwork planning underway. GENERAL -- Conceptual Sulphide Economic Study being conducted by AMEC expected by July 2011. Further photographs appear on the Company's website at : http://www.adamusresources.com.au/nzema-gold-project/construction-progress/march-2011.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/June2011/01/c9518.html p Please see our website:  a href="http://www.adamusresources.com.au"www.adamusresources.com.au/a or contact: /p table tr valign="top" td align="left" br/ 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

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