** great read **
I just found this at http://www.minebox.com/story.asp?articleId=6532
"Following extensive regional work over the past three months, drilling is set to recommence this week at Adamus Resources Ltd’s Southern Ashanti Gold Project in Southern Ghana.
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 so far yielded a resource base of 18 million tones (Mt) at 2.0 grams per tonne (g/t) for 1,200,000oz gold,” Adamus Resources’ Managing Director, Hamish Halliday, said.
Initially RC drilling at the Salman Deposit will focus on the Footwall Lode located only 200m 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 1,000m. “With the mineralization currently open in all directions, there is significant scope for the discovery of additional ounces associated with the Footwall Lode,” Mr Halliday said.
The pending drill program will also target the northern extension of the Salman Shear, which extends for at least an additional 2.7km of strike. This area, known as Akanko, hosts an 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 10km south east of Salman. Initial drilling will be carried out on 80m spaced lines, testing mineralization over a strike length of 350m. 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 6km.
“Exploration over the coming months will also include a geophysical survey involving IP (Induced Polarization), targeting disseminated sulphides within the Anwia system,” Mr Halliday added. “The geophysical survey will be utilized 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,” he said.
The Southern Ashanti Gold Project is located in southern Ghana, West Africa, approximately 300km west of Ghana’s capital city Accra. The project consists of a contiguous block of granted tenure covering in excess of 400sqkm. Adamus owns 90% of the project with the Ghanaian government holding the remaining 10% interest."
- 03 Oct 2005
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
