Adamus Resources Limited - Visible Gold at Liberian Projects

PERTH, Western Australia, Aug. 30, 2011 /CNW/ -- 
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Highlights


    --  Fieldwork underway
    --  Positive results obtained



PERTH, Western Australia, Aug. 30, 2011 /CNW/ - Adamus Resources Limited (Adamus) (ASX: ADU) (TSXV: ADU) is pleased to announce initial
 reconnaissance work on its Bopulu mineral reconnaissance licence in
 Liberia has discovered large areas of noted alluvial mining and
 hardrock workings with visible gold. Adamus' General Manager
 Exploration, Martin Bennett, visited Liberia in August 2011 to meet
 local government and community representatives and to review progress
 of its exploration programs.


Bopulu is one of three Mineral Reconnaissance Licences (MRLs) in Liberia
 that was granted to Liberia in April 2011. The licences are located in
 western Liberia in the prospective Archaean belt that hosts Aureus Gold
 Ltd's estimated 1.5Moz New Liberty deposit.


Adamus has moved quickly to commence exploration on the MRLs and
 currently has a team of geologists, field technicians and local workers
 conducting a soil sampling program on the Bopolu licence. Sampling on
 the Mambo licence is due to commence immediately.


Adamus CEO Mark Connelly said:  "This is an exciting development, as it
 confirms what we have believed for a long time - that Liberia has
 enormous potential as a second focus of exploration for Adamus.


"With our Nzema Gold Project in Ghana in commercial production, we have
 been stepping up our exploration in the region, and we are now starting
 to see the results of this program."


To ensure the rapid commencement of fieldwork, a geologist has been
 seconded to Liberia from Adamus' Nzema Gold Project in Ghana, and SEMS
 Consulting is assisting with logistics and support staff.  A base has
 been set up in the town of Bopolu and initial consultation with local
 mining agents and community representatives has been completed.


At the Bopolu MRL the target area is a group of noted workings in the
 northwest portion of the licence that drain a ridge underlain by a
 prospective unit of sheared iron formation, amphibole and quartzite. 
 Several hardrock workings have been discovered along the ridge where a
 series of quartz veins in k-felspar altered rock has been exploited. 
 The quartz veins contain pyrite with visible gold and are the likely
 source of the alluvial gold in the adjacent valleys.


Traverses of soil sampling across the ridge are underway and stream
 sediment sampling is also planned over the northwest portion of the
 licence.  There are numerous alluvial workings in the area which will
 be systematically mapped and sampled over coming months.


At the Mambo MRL, meetings have been held with local mining agents and
 community representatives.  They have confirmed the location of noted
 previous mining activity which will be the initial focus of the soil
 sampling program.  Soil sampling will also be conducted to test
 aeromagnetic lineaments adjacent to Aureus Gold's New Liberty deposit.


Fasama MRL is the most northerly and remote of the three licences. 
 Reconnaissance work is planned in the next few weeks to locate and
 assess an area of activity near the town of Fasama.


Meetings have been held with Liberian government officials to discuss
 proposed work programs and progress on fieldwork.


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.


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.


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