Adamus Resources Ltd

Published : March 01st, 2011

- Aliva Dilling Extends Main Oxide Zone

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

ALIVA DRILLING EXTENDS MAIN OXIDE ZONE

Adamus Resources Limited (ASX:ADU) is pleased to report that recent RC drilling has extended the mineralised zone at the Aliva prospect and identified a possible new parallel zone of mineralisation.

The Aliva prospect is located 9km southeast of the Nzema process plant and is located 1km from the recently constructed haul road. Twenty RC holes for 1,391m were drilled at the Aliva prospect in January 2011 to infill and extend previous drilling.

Best results include :

Hole ID

North

Intercept (g/t Au)

ALRC095

547405

7m @ 1.22g/t from 6m

ALRC096

547180

2m @ 1.42g/t from 43m

ALRC101

546790

5m @ 3.38g/t from 35m

ALRC102

546740

5m @ 1.25g/t from 40m

ALRC104

546675

2m @ 1.08g/t from 36m

ALRC106

546700

5m @ 3.09g/t from 0m

ALRC106

546700

5m @ 1.18g/t from 69m

ALRC107

546720

14m @ 1.28g/t from 54m

The drilling has extended the mineralised zones down dip and confirmed the continuity between holes. ALRC106 and ALRC107 have extended the main zone 60m down dip and the mineralisation remains open. Significantly ALRC106 intersected mineralisation from surface in what may be a new parallel mineralised zone.

The mineralisation is associated with quartz veins in a sequence of shallow dipping phyllites and sandstone similar to the sequence of rocks that host the Anwia Deposit 4km to the north. The Aliva prospect is located within a soil anomaly that extends 4.5km in a NE-SW direction. To the south drilling has tested the soil anomaly to the boundary of Adamuslicence but to the north the anomaly has only been marginally tested and the mineralisation is open.

Further RC drilling is required to test the extent of the mineralisation intersected in the top of hole ALRC 106 and further drilling is required down dip of the main zone. Previous shallow drilling suggests multiple parallel mineralised zones may exist in both the footwall and hanging wall.

Additional Oxide Prospects

Regional exploration has progressed during January with four soil sampling teams active on the Asanta and Apa Tam licences surrounding the mine. An additional four soil sampling teams are scheduled to commence work soon on the Hotopo licence 35km to the southeast.

Planning for RC drilling at the Avrebo and Nfutu oxide prospects is also in progress. RC drilling at Avrebo will test a soil anomaly that extends south from the southern end of Castle Minerals Akoko South prospect.

Sulphide Exploration Drilling Continues

Diamond and RC drilling is continuing with two drill rigs working double shift at various locations along the Salman Trend. Three diamond holes are planned to test the depth extent of the ore zones below the Teberru 04 and Salman South and Salman Central deposits. The first hole at Teberru 04 has been completed and intersected a ~10m wide mineralised zone. Assay results for this interval will be available in March. Planning is well advanced for the commencement of resource definition and resource extension drilling at the Anwia and Bokrobo prospects.

A mineral resource update is planned for mid 2011, and results from the oxide and sulphide exploration programs will be incorporated into this mineral resource update.

Commissioning Update

Commissioning of the Nzema Gold Project process plant and facilities to date has met or exceeded expectations and the EPCM (Engineering, Procurement and Construction Management) contractor, Lycopodium Engineering, has now demobolised from site.

Adamus has assumed full responsibility for the plant whilst mining, contracted out to AMS (African Mining Services), is proceeding to achieve daily targets with both excavators working full shifts.

Regards

Mark Connelly
Managing Director/CEO

http://www.adamusresources.com.au/images/email-n-l/hr-big.gif

http://www.adamusresources.com.au/index.php?option=com_acymailing&ctrl=stats&mailid=48&subid=643

Adamus Resources Ltd

PRODUCER
CODE : ADU.AX
ISIN : AU000000ADU5
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Adamus Resources is a gold producing company based in Australia.

Adamus Resources holds various exploration projects in Australia.

Its main asset in production is NZEMA in Ghana, its main asset in development is SOUTHERN ASHANTI GOLD PROJECT in Ghana and its main exploration properties are ALIVA in Ghana and SERPENTINE RIDGE PROJECT and BOLLINGER DIAMOND PROJECT in Australia.

Adamus Resources is listed in Australia, in Canada, in Germany and in United States of America. Its market capitalisation is AU$ 320.3 millions as of today (US$ 330.5 millions, € 260.7 millions).

Its stock quote reached its lowest recent point on October 05, 2001 at AU$ 0.05, and its highest recent level on January 16, 2004 at AU$ 1.59.

Adamus Resources has 447 904 191 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Adamus Resources Ltd
Annual Report 2007
Nominations of Adamus Resources Ltd
8/21/2009Appointement Project managers FINAL
Project news of Adamus Resources Ltd
12/19/2011Endeavour Mining And Adamus Resources Complete Merger
12/6/2011ADU - Endeavour merger with Adamus Resources has become effe...
12/5/2011Endeavour Mining Merger with Adamus Resources has Become Eff...
9/21/2011ADU - Endeavour CEO Neil Woodyer discusses benefits of merge...
8/22/2011ADU - Merger of Equals of Adamus Resources and Endeavour Min...
7/28/2011ADU - Adamus Delivers Above Forecast Gold Production
4/19/2011ADU - Hon Joel Fitzgibbon applauds Adamus Resources
3/1/2011(Aliva) - Aliva Dilling Extends Main Oxide Zone
1/14/2010(Southern Ashanti Gold Project)Construction progress - Southern Ashanti Gold Project
8/10/2009(Southern Ashanti Gold Project)A$40M Placement for Project Development
7/24/2008(Southern Ashanti Gold Project) New Discovery at Bokrobo
8/2/2007(Southern Ashanti Gold Project)Drill rigs secured for Ghana expansion
7/24/2007(Southern Ashanti Gold Project)Drilling Hits Target : 14m @ 11.5g/t
7/5/2007(Southern Ashanti Gold Project)New drilling program targets more ounces
6/14/2007Advances - Positive Feasibility Study
Corporate news of Adamus Resources Ltd
11/28/2011ADU - Adamus Shareholders Support Merger with Endeavour Mini...
8/24/2011Financial Post-Endeavour to merge with Adamus
8/21/2011Endeavour Mining and Adamus Resources to Merge and Create a ...
7/15/2011ADU - MD/CEO Mark Connelly discusses Adamus' operations and ...
6/9/2011ADU - Adamus Resources reaffirms full year gold production g...
12/21/2009CREDIT-APPROVED FINANCE PACKAGE
12/16/2008EPA GIVES GREEN LIGHT FOR MINING AT GHANA GOLD PROJECT
1/31/2008Drill Results at Avrebo show Additional Ounces
11/27/2007ADDING OUNCES AT ANWIA
10/11/2007POSITIVE DRILL RESULTS AT AVREBO POINT TO NEW RESOURCE
8/21/2007 New Gold Disccovered at "Abosso"
7/3/2007raises $7.7 million at 64 cents to further develop flagship ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (ADU.AX)FRANKFURT (AXM.F)
0.715+0.00%0.546+0.18%
AUSTRALIA
AU$ 0.715
01/13 23:54 -
0%
Prev close Open
0.715 0.725
Low High
0.715 0.740
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.715 0.704%
Volume 1 month var.
8,602,291 0.704%
24hGold TrendPower© : -8
Produces Gold
Develops Gold
Explores for Diamonds - Gold - Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/21/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.15+0.42%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.33-5.67%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.29-8.10%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-2.17%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.68+1.13%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.13+1.71%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+29.29%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.01-1.95%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 64.46+7.34%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :