impact?, page-2

If you read the article it said that drilling was done 2 years ago so that it wasn't recently as you mention. Also, the article said that the main resource ends 300 north.

There should be no impact on ADU at all!
Why should there be?


The West Australian Newspaper

WA juniors fall out over gold dirt strip in Ghana

NEALE PRIOR



Niagara Mining and Adamus Resources are both junior explorers, listed on the stock exchange, headquartered in West Perth and hoping to extract fortunes from tenements on Ghana's Southern Ashanti gold belt.

They also both have official title to the same strip of dirt at the northern end of Niagara's Dadwen gold project and at the southern extremity of Adamus' potentially lucrative Salman project, which has an indicated resource of 630,000 ounces of gold.

Niagara's Ghanaian geological team realised in January there could be a problem when they were conducting a survey ahead of a planned drilling problem at Dadwen, which the company acquired from London-based prospector Adrian Lungan late last year.

The Niagara crew found six drilling holes in a 100-metre wide strip near what they reckoned to be the border with Salman.

The crew from Adamus believed it was their territory and had drilled it to determine the extent of mineralisation at the southern end of its holdings, about 800m from one of the main Salman orebodies.

Both companies say their minerals titles cover the disputed territory.

Niagara hinted at the dispute with Adamus in an announcement to the stock exchange last week, in which it said it had detected an encroachment on its northern boundary by a "third party".

Niagara did not identify the third party, and neither the chief of Adamus nor Niagara could be contacted to discuss whether it was indeed part of the Salman project that was under threat.

Niagara said the six drilling collars it located were in a portion of the encroached ground containing significant drilling mineralisation.

Niagara chief executive Chris Daws later confirmed to WestBusiness that Adamus was the unnamed third party but he did not "want to upset the apple cart" by naming its fellow West Perth explorer in the announcement.

He said he did not know the results Adamus had achieved from its drilling.

Adamus managing director Hamish Halliday said it had drilled the disputed territory about two years ago and there were not any results they were following up, with the main resource stopping about 300 metres north.

"It is not material for us - we don't have any resources there," he said.

The dispute is being resolved by a committee established on February 2 by Ghana's Minerals Commission.

Niagara claims to be in pole position because its tenements were granted first, but Mr Halliday said it was likely the commission would follow a tried and true method and split the disputed dirt down the middle.

"They can have it," he said.