Adamus Resources Ltd

Published : July 24th, 2008

New Discovery at Bokrobo

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New Discovery at Bokrobo

 

Highlights

Southern Ashanti Gold Project

 

?      A further zone of mineralisation has been identified in a new host rock

?      Visible gold was identified in swarms of narrow quartz veins in granite

?      Drilling at depth has uncovered this new style of mineralisation

?      Results included:

5.1m @ 12.85g/t

11.8m @ 5.34g/t

9.5m @ 5.17g/t

2.8m @ 14.27g/t

7.0m @ 3.13g/t

3.5m @ 8.64g/t

 

Adamus Resources Limited (ASX: ADU) has identified a further zone of mineralisation below the existing Bokrobo deposit at its Southern Ashanti Gold Project in South West Ghana. 

 

The mineralisation was intercepted after extending a planned infill drillhole some 150 metres deeper than anticipated after visible gold was identified in swarms of narrow quartz veins in a granitic host.

 

Bokrobo currently has a mineral resource estimate of 1.2 mt @ 2.38g/t Au in the Measured and Indicated category with a further 540,000 tonnes @ 1.93g/t Au in Inferred, all located in near-surface zones down to 100 metres.

 

 

 

 

 

 

 

 

 

 

 

Adamus CEO Mark Bojanjac said the new mineralisation is of a style not previously encountered in the area and has the potential to produce broad zones at depth.

 

 


Visible gold on fractured surface

 
This drilling is part of a larger programme to test the depth potential of all of the mineralisation at both the Anwia and Salman areas.  Bokrobo forms part of the Anwia trend of mineralisation..

 

"This is an excellent start to Adamus' deeper exploration programme."

 

Once the current programme is complete the Bokrobo mineral resource estimate will be updated.  Adamus has completed the immediate multipurpose RC/Diamond drilling at Bokrobo and further work is being planned.

 

Current drilling is focussed on the Salman Trend with initial results to be released shortly.

 

 

 

About Adamus

Adamus Resources Limited is a Perth-based mineral exploration company, listed on Australian Securities Exchange (ASX), TSX 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 AfricaThe Project encompasses approximately 464km? of tenure in the Ashanti Gold Belt - host to over 100moz 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 Bojanjac - Managing Director/CEO

+61 8 9322 5943

email: mark@adamusresources.com.au

Mark Connelly - Executive Director/COO

+61 8 9322 5943

email: mark.connelly@adamusresources.com.au

 

 

***

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Ph: 08 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au    

 

 


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Adamus Resources Ltd

PRODUCER
CODE : ADU.AX
ISIN : AU000000ADU5
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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.

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8/21/2009Appointement Project managers FINAL
Project news of Adamus Resources Ltd
12/19/2011Endeavour Mining And Adamus Resources Complete Merger
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12/5/2011Endeavour Mining Merger with Adamus Resources has Become Eff...
9/21/2011ADU - Endeavour CEO Neil Woodyer discusses benefits of merge...
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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
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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
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