Location of Kanyankaw Prospecting Licence
Perth, May 14, 2009 AEST (ABN Newswire) - Adamus Resources Limited (ASX:ADU)(PINK:ARLTF) is pleased to announce promising initial results from surface sampling at its Kanyankaw prospect just 20 kilometres from the proposed mill at Salman, Ghana for the Southern Ashanti Gold Project.
Upon acquiring an option in February 2009 over the 17.5 km2 Kanyankaw prospecting licence, Adamus embarked upon surface sampling programme as part of its technical due diligence, which involved randomly sampling soils along an existing government road. Highlights of the sampling results are detailed below and include:
88m @ 1.16g/t Au 32m @ 0.67g/t Au36m @ 0.59g/t Au 10m @ 2.46g/t Au28m @ 0.54g/t Au 24m @ 0.70g/t Au
Commenting on the results, Managing Director Mr Mark Bojanjac said: "Consistent gold intercepts of up to 88m along an existing road which was constructed without regard to geology highlights the region's outstanding prospectivity.
"The foresight and ingenuity of our exploration team to search and successfully find gold in road cuttings needs to be commended. The results will assist in delineating early targets for drilling.
"As Kanyankaw is located a mere 20 km from the proposed mill site at the South Ashanti Gold Project (SAGP), it provides excellent potential to add to the existing mineral resource of 30.2Mt @ 1.8g/t for 1,750,000 oz (Measured and Indicated) together with 6.98 Mt @ 1.62g/t for 362,000 oz (Inferred). Whilst SAGP has defined sufficient ore reserves for a decade-long 100,000 oz pa operation, opportunities like Kanyankaw provide further scope to build our mineral resource base with the potential to further scale up production."
Field Work Continues
Field mapping revealed the presence of quartz stringers and altered metavolcanics in the road cutting walls, leading to the cuttings being sampled. The excellent first pass results indicate that the Kanyankaw contains the potential to host significant zones of mineralisation.
Field mapping has also identified that the weathering profile in the area is likely to produce near surface, supergene mineralisation and these results appear to support the theory. Further trenching and sampling work will be carried out in the near future to delineate targets areas prior to drilling.
An option over the Kanyankaw was acquired in February 2009 from Shankill Resources Limited, a wholly owned subsidiary of Moydow Mines International Inc.
Contact
Mark Bojanjac
Managing Director/ CEO
Tel: +61-8-9322-5943
Mark Connelly
Executive Director/ COO
Tel: +61-8-9322-5943
| ||
|
