ADAMUS RESOURCES LIMITED - ASX: ADU

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Description

Adamus Resources Limited is Ghana's newest gold producer, focussed on realising the economic potential of the 90% owned Nzema Gold Project in Ghana, West Africa. The Project comprises a Greenfield development of open pit mining operations, a processing facility and associated infrastructure to mine and process ore from defined resources in concessions including Salman-Akanko and Anwia-Bokazo deposits. Current estimates show the Project to have a minimum life of 10 years and produce on average 100,000oz of gold per year.

Nzema Gold Project

The Nzema Gold Project (the Project) - Ghana's newest gold producer - is located in south-western Ghana, approximately 280km west of Ghana’s capital city Accra. The Project consists of a contiguous block of Adamus tenements and options covering approximately 665 square kilometres, accessible via 80km of sealed roads from the major port city of Takoradi and in close proximity to the major mining centre at Tarkwa.

The Project is situated on the southern extension of the Ashanti Gold Belt, host to over 100Moz of gold. The tenements themselves lie just 40km south of the world class deposits of Bogosu (3.3Moz) and Prestea (10.7Moz).

Combined Salman and Anwia Measured: 20.3 Mt @ 1.84 g/t Au and 1,202,000 contained
Combined Salman and Anwia Indicated: 9.9 Mt @ 1.73 g/t Au and 552,000 contained
Total Nzema Gold Project Measured & Indicated: 30.2 Mt @ 1.78 g/t Au and 1,754,000 contained
Total Nzema Gold Project Inferred: 6.98 Mt @ 1.62 g/t Au and 363,000 contained

Mine For

gold

Location of operation(s)

Ghana

Address

Level 2, 45 Richardson St
WEST PERTH, WA, AUSTRALIA

Phone

(61 8) 9322 5943

Email

Website

http://www.adamusresources.com.au/

Last Updated

21/04/2011