Adamus to recommence drilling at Southern Ashanti
2005-09-29 06:19 ET - News Release
Mr. Hamish Halliday reports
DIAMOND & RC DRILLING COMMENCING FIRST WEEK OF OCTOBER
Adamus Resources Ltd., following extensive regional work over the past three months, will recommence drilling at its Southern Ashanti gold project in the first week of October. The program will target extensions to both the Salman and Anwia deposits, as well as targeting new zones including the footwall lode and the recently discovered Avrebo prospect.
The pending drill program follows two years of successful exploration by the company which has yielded a resource base of measured and indicated 15 million tonnes at 2.1 grams per tonne for one million ounces of gold and inferred three million tonnes of 1.7 grams per tonne for 160,000 ounces of gold.
Initially, reverse-circulation drilling at the Salman deposit will focus on the footwall lode located only 200 metres east of the main Salman shear. Drilling will specifically target both the northern and southern extensions of the lode, which has already been identified over a strike length of 1,000 metres. With the mineralization currently open in all directions, there is significant scope for the discovery of additional ounces associated with the footwall lode.
The pending drill program will also target the northern extension of the Salman shear, which extends for at least an additional 2.7 kilometres of strike. This area, known as Akanko, hosts a historical high-grade underground mine, that to date has received minimal modern exploration.
In addition to the Salman trend, the company will also drill test the recently discovered Avrebo prospect located 10 kilometres southeast of Salman. Initial drilling will be carried out on 80-metre spaced lines, testing mineralization over a strike length of 350 metres. This preliminary work will provide valuable data for assessing the potential of the Avrebo mineralized system, which has already been defined over a combined strike length of six kilometres.
Exploration over the coming months will also include a geophysical survey involving IP (induced polarization), targeting disseminated sulphides within the Anwia system. The geophysical survey will be used to guide the pending diamond core drill program, due to commence in late October. The diamond drill program will seek to test for extensions and repeats of the high-grade lenses within the extensive alteration system that hosts Anwia deposit.
Significant results from the above diamond and RC drill program will made available to shareholders at the earliest opportunity.
We seek Safe Harbor.
News 
Market Data 
Discover 
