ABN 80 094 543 389 Level 2, 45 Richardson Street, West Perth WA 6005. PO Box 568 West Perth WA 6872 T: + 61 8 9322 5943 F: + 61 8 9322 5907 E: [email protected] W: www.adamusresources.com.au Diamond Drilling Commences at Anwia South Wednesday 10 May 2006 Following completion of due diligence for the Anwia South acquisition, the Company has commenced a diamond core drilling program targeting the high grade mineralization at the Atom Prospect. The program, consisting of 11 HQ core holes, will target the main lode over a strike length of 250m and to a depth of 65m. The Atom Prospect, located only 3km south of Adamus’ Anwia Deposit (see fig 1) contains RC drill intersections up to 6m @ 148g/t gold and has the potential to add significant, high grade resource ounces, to the Company’s already fast growing resource base of 22Mt @ 2.1g/t for 1,500,000 oz gold. As well as the diamond drill program at Anwia South, the Company has contracted two additional RC drill rigs. The first, due to commence on the 15th of May, will focus on infill drilling on the Salman Trend as part of the Company’s current feasibility study. The second drill rig is scheduled to commence work in June 2006 and will focus on exploration, targeting a number of prospects located in both the Salman and Anwia Domains. Significant results from the ongoing drill programs will be made available at the earliest opportunity. Detailed information on all aspects of the Company’s exploration activities can be found on Adamus’ comprehensive website www.adamusresources.com.au. Regards Hamish Halliday Managing Director Tel: +61 8 9322 5943 Adamus Resources Limited is a Perth-based mineral exploration company which is dual listed on Australian Stock Exchange (ASX) and the TSX Venture Exchange (TSXV). The Company’s main focus is on exploring and realising the economic potential of the 90% owned Southern Ashanti Gold Project in Ghana, West Africa. Ghana is a stable West African country with a 110-year history of large-scale gold mining. Gold production is vital to the national economy and the Government of Ghana has a 10% free carried interest in all gold-mining operations. Ghana is host to the Ashanti Gold Mine, one of the largest long-life operations of Anglo Gold Ashanti, one of the world’s major gold producers. Members of the Adamus Board and management team have proven records in mineral exploration, project development and project financing. RECENT ASX ANNOUNCEMENTS 19/04/06 Continued Exploration Success – Akanko Prospect 12/04/06 $13m Private Placement to fund Feasibility & Exploration 24/03/06 Filing of Resource Report 23/03/06 Anwia South Acquisition Proceeds 20/03/06 Appointment of Non-Executive Director 02/03/06 Adamus Completes Private Placement 28/02/06 Feasibility Commences – ExplorationAccelerates 15/02/06 Private Placement to African Lion 2 Limited LINKS Website: www.adamusresources.com.au Stock Exchanges: www.asx.com.au www.tsx.com TSXV Public Filings: www.sedar.com Email: [email protected] CORPORATE Registered Office: Level 2 45 Richardson Street West Perth WA 6005 Postal: PO Box 568 West Perth WA 6872 Telephone + 61 8 9322 5943 Facsimile + 61 8 9322 5907 Share Registry Advanced Share Registry 110 Stirling Highway Nedlands WA 6009 Telephone + 61 8 9389 8033 Facsimile + 61 8 9389 7871 Anwia South - New Acquisition Anwia Deposit Akanko New Project Acquisition (Anwia South) Atom Prospect Project Resource 22Mt @ 2.1g/t Au for 1,500,000ozs Salman Deposit Figure One ABN 80 094 543 389 Level 2, 45 Richardson Street, West Perth WA 6005. PO Box 568 West Perth WA 6872 T: + 61 8 9322 5943 F: + 61 8 9322 5907 E: [email protected] W: www.adamusresources.com.au The TSXV does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Caution Regarding Forward Looking Statements Statements regarding Adamus' plans with respect to its mineral properties are forward-looking statements. There can be no assurance that Adamus' plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that Adamus will be able to confirm the presence of additional mineral deposits, that any mineralization will prove to be economic or that a mine will successfully be developed on any of Adamus' mineral properties.
ADU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
