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Adamus Resources Limited (ASX:ADU)(CVE:ADU) Announce New Gold Discovery at Bokrobo
Thursday July 24, 11:41 AM
Perth, Australia, July 24, 2008 - (ABN Newswire) - Adamus Resources Limited (ASX:ADU)(PINK:ARLTF) has identified a further zone of mineralisation below the existing Bokrobo deposit at its Southern Ashanti Gold Project in South West Ghana.
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/tThe 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.
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 RESOURCES LIMITED:
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 Africa. The Project encompasses approximately 500km2 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 of mining 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, mining operations and project financing.
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
Source:
ADAMUS RESOURCES LIMITED
Copyright (C) 2008 ABN Newswire. All rights reserved.
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