ASX and
Media Release
Drill rigs secured for Ghana expansion
2 August 2007
Emerging
gold producer Adamus Resources (ASX:ADU) is pleased to announce it has secured
drilling equipment for further expansion of its Southern Ashanti Gold Project
(SAGP) in Ghana
during the coming twelve months.
Adamus
Chief Operating Officer Mark Connelly, currently onsite in Ghana, said the Company had formed
an alliance with drilling services supplier African Mining Services (AMS),
which locked in the equipment for the drilling program through 2007 and into
2008. Following its June raising of $7.84M at 64cents per share, the company is
well positioned for immediate growth.
“We have a double shift
drilling program already underway here in Ghana, with 22,000 metres of
accretive drilling scheduled for the next six months. Forming this
alliance and securing the equipment is an important step in allowing us to
quickly increase our resource base and realise the potential of the
SAGP,” Mr Connelly said.
AMS is
part of the Australian based, international mining service group, Ausdrill
Limited. AMS has more than 10 years experience operating in Ghana.
About Adamus
Adamus Resources Limited is a Perth-based mineral exploration
company, listed on Australian Stock Exchange (ASX), Toronto Stock Exchange 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 500km� of granted tenure in the Ashanti
Gold Belt – host to over 60Moz 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.
For further information please contact:
Mark Connelly – Executive Director/COO
+61 8 9322 5943
email:
mark.connelly@adamusresources.com.au
Mark Bojanjac – Managing Director/CEO
+61 8 9322 5943
email: mark@adamusresources.com.au
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