Adamus Resources - 2011 Pictorial Update
09 Settembre 2011 - 5:35AM
PR Newswire (Canada)
PERTH, Western Australia, Sept. 8, 2011 /CNW/ -- /NOT FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ PERTH, Western Australia, Sept.
8, 2011 /CNW/ - During August, Adamus Resources (ASX: ADU) and
Endeavour Mining Corporation (TSX: EDV) announced they had entered
into a definitive Merger Implementation Agreement to combine
through an all-stock merger of equals transaction. We believe
this will create a leading West African gold production,
development and exploration company as a platform for future growth
and acquisitions. Additional oxide intersections from RC drilling
along the Salman Trend at the Nzema Gold Project in south-west
Ghana were identified and an update provided on work undertaken on
the Liberian Mineral Reconnaissance Licenses. OPERATIONS -- Mining
during the month was spread across Salman South 1A, 1B, 1C and 02
pits. -- Processing plant and facilities continue to perform well,
meeting design specifications. Minor modifications have been
completed or are proposed to increase processing performance. --
Salman Village residential housing continues to make good progress.
EXPLORATION -- Initial work on Liberian Mineral Reconnaissance
Licences discovered large areas of alluvial and hardrock workings.
-- Drilling south of the Salman South 1C pit intersected extensions
along the mineralised trend. -- Mineralised trend intersected to
the east of the Nugget Hill 03 pit. Additional drilling is planned
with the aim of delineating a mineral resource of sufficient size
to support a new oxide pit. -- Auger sampling is ongoing on the
Asanta prospecting licence soil anomalous zone, located at the
southern end of the Salman trend. Regional exploration was ramped
up during the month with drilling commenced at Awukyere
(12 kms SE of plantsite) and Kanyankaw (22 kms NNE of
plantsite), whilst pads and access preparation commenced at Hotopo
(37 kms SW of plantsite). About Adamus Adamus Resources is a gold
producer, with its key asset located in Ghana, West Africa.
The company poured its first gold in January 2011, entered
commercial production three months later and is on target to
produce 100,000 ounces of gold annually from its flagship Nzema
Gold Project. The project includes open pit mining
operations, a processing facility and associated infrastructure to
mine and process ore. On current estimates the project has a
minimum life of 10 years. As well as continuing with an
extensive exploration program aimed at expanding its operations in
Ghana, Adamus is also targeting additional discoveries from its
significant landholding in Liberia. Both countries provide a
stable, mining-friendly political and economic environment for
Adamus to operate. Adamus is headquartered in Perth, Western
Australia. The company is listed on the Australian Securities
Exchange, TSX Venture Exchange and Frankfurt Stock Exchange Open
Market. In August 2011 the Company announced its intention to merge
with Endeavour Mining Corporation. Endeavour owns the Youga
Gold Mine in Burkina Faso, West Africa as well as a pipeline of
exploration and development projects in the region. If
approved by Adamus and Endeavour shareholders, the merger is likely
to take place in December 2011. Kind regards ADAMUS RESOURCES
LIMITED "signed" Mark Connelly Managing Director/CEO Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward Looking Information. Certain statements
included in this announcement, including information regarding
Adamus' plans with respect to its mineral properties, constitute
forward-looking information. Forward-looking information
includes, among other things, statements regarding expected
operations. Forward-looking information is based upon a
number of estimates and assumptions made by the Company in light of
its experience, current conditions and expectations of future
developments, as well as other factors that the Company believes
are appropriate in the circumstances. While these estimates
and assumptions are considered reasonable by the Company, they are
inherently subject to business, economic, competitive, political
and social uncertainties and contingencies. Many factors
could cause the Company's actual results to differ materially from
those expressed or implied in any forward-looking information
provided by the Company, or on behalf of, the Company. Such
factors include, among other things, risks relating to additional
funding requirements, metal prices, exploration, development and
operating risks, competition, production risks, regulatory
restrictions, including environmental regulation and liability and
potential title disputes. Investors are cautioned that
forward-looking information is no guarantee of future performance
and, accordingly, investors are cautioned not to put undue reliance
on forward-looking information due to the inherent uncertainty
therein. Forward-looking information is made as at the date
of this announcement and the Company disclaims any intent or
obligation to update publicly such forward-looking information,
whether as a result of new information, future events or results or
otherwise. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/September2011/08/c9776.html
p Mark Connelly - Managing Director / CEObr/ +61 8 9322 5943br/
email: a
href="mailto:info@adamusresources.com.au"info@adamusresources.com.au/a
/p p align="justify" iFor media enquiries contact:/i /p p
align="justify" David Ikin - Professional Public Relationsbr/ +61 8
9388 0944br/ email: a
href="mailto:david.ikin@ppr.com.au"david.ikin@ppr.com.au/a /p
Copyright
Grafico Azioni Adamus Res Ltd. (TSXV:ADU)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Adamus Res Ltd. (TSXV:ADU)
Storico
Da Set 2023 a Set 2024