Adamus Resources Limited - Mineralised Zones Extended at Teberu Pit

    




 Highlights 




        --  High grade zones intersected under Teberu open pits
        --  Mineralisation up to 40m wide
        --  Multiple mineralised zones intersected




 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR  DISSEMINATION IN THE UNITED STATES 

 PERTH, Western Australia, Sept. 19, 2011 /CNW/ - Adamus Resources Limited   is pleased to report that drilling carried out at  its Nzema Gold Project in Ghana has uncovered high grade gold deposits  under the mine's existing open pits.  Best results include : 

  





                     

                     17m @3.33g/t Au from 90m
    SNRCD1284       24m @ 2.25g/t Au from 110m

    SNRCD1283       5m @ 17.64g/t Au from 134m

    SNDD1303        19m @ 2.66g/t Au from 157m

                     6m @ 3.17g/t Au from 60m
    SNRCD1061       5m @ 10.51g/t Au from 69m

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






 The drilling was carried out along the Salman Trend, which is located at  the southern end of the world class Ashanti Gold Belt and hosts  significant oxide gold deposits at South, Central and North Salman,  Teberu and Akango.  Although the whole 9km strike extent of the Salman  Trend is mineralised, the mineralisation commonly forms distinct  shoots. 

 Reverse circulation (RC) and diamond drilling during the first half of  2011 has targeted shoots under the Teberu 01, 02 and 04 oxide pits.   Drilling was designed on an approximate 50m by 50m grid to test the  shoots to a vertical depth of 100m.  The mineralised zones dip  moderately to the west and vary in width and grade along strike and  down dip.  In SNRCD1284 the mineralised zone is 40m wide at an average  grade of ~2.6g/t Au while in SNRCD1283 the mineralised zone is only 5m  wide but with a higher grade of 17.64g/t Au. 

 Drilling completed in the first half of 2011 was sufficient to  categorise a portion of the shoots into the Inferred Mineral Resource  category.  This will be reflected in the mineral resource update  planned for later in the year.  Additional drilling will be conducted  on a 50m by 25m grid to convert the mineral resource from Inferred to  Measured and Indicated.  Potential also exists for extending the  mineral resource with SNDD1308 intersecting 9m @ 2.31g/t Au at the  southern end of Teberu 04 and the intersection of 5m @ 17.64g/t Au in  SNRCD1283 open at depth. 

 Mark Connelly, Adamus' Managing Director, commented:  "Our recent  drilling program confirms the growth opportunity at Nzema for  additional oxide mineralization and the sulphide project in  particular." 

 About Adamus 

 Adamus Resources is a gold producer, with its key asset located in  Ghana, West Africa.  The company poured its first gold in January 2011,  entered commercial production three months later and is on target is to  produce 100,000 ounces of gold annually from its flagship Nzema Gold  Project.  The project includes open pit mining operations, a processing  facility and associated infrastructure to mine and process ore.  On  current estimates the project has a minimum life of 10 years. 

 As well as continuing with an extensive exploration program aimed at  expanding its operations in Ghana, Adamus is also targeting additional  discoveries from its significant landholding in Liberia.  Both  countries provide a stable, mining-friendly political and economic  environment for Adamus to operate. 

 Adamus is headquartered in Perth, Western Australia. The company is  listed on the Australian Securities Exchange, TSX Venture Exchange and  Frankfurt Stock Exchange Open Market. 

 In August 2011 the Company announced its intention to merge with  Endeavour Mining Corporation.  Endeavour owns the Youga Gold Mine in  Burkina Faso, West Africa as well as a pipeline of exploration and  development projects in the region.  If approved by Adamus and  Endeavour shareholders, the merger is likely to take place in December  2011. 

 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 report 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 report of the matters based on this information in the  form and context in which it appears. 

 Information in this announcement 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 report of the matters based on this information in the form and  context in which it appears. 

 Information in this announcement 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 report 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 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. 

   

   

Adamus Resources Limited


CONTACT:  Mark Connelly - Managing Director / CEO+61 8 9322 5943email: [e-mail] media enquiries contact:David Ikin - Professional Public Relations+61 8 9388 0944email:  [e-mail] 


    

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