The following was released to the ASX on 29th. September. It may pay to read thoroughly. Don't say you haven't been told!
"Diamond & RC Drilling Commencing First Week of October"
"The Directors of Adamus Resources Limited are pleased to announce, that following extensive regional work over the past three months, drilling will re-commence at the Company's 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 so far yielded a resource base of 18Mt @ 2.0g/t for 1,200,000oz gold.
Initially RC drilling at the Salman Deposit will focus on the Footwall Lode (see Footwall Lode announcement 12/05/05) 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 1,000 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 2.7km 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 6 kilometres (see Avrebo announcement 20/07/05).
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 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."
ADU Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
