Perth, Aug 4, 2008 AEST (ABN Newswire) - Adamus Resources Limited (ASX:ADU)(CVE:ADU)(PINK:ARLTF) recently announced a detailed structural review of the Main Salman Trend mineralisation at the Southern Ashanti Gold Project (SAGP) in Ghana. The structural review determined that gold mineralisation at Salman is related to sinistral (left hand) strike slip movement of the host rocks which has created zones of low pressure and has allowed mineralising fluids to deposit gold enriched zones.
The detailed structural geology study was completed by Dr Greg Cameron based on his extensive Ghanaian structural geology experience gained over a period of more than 10 years, including at Bogoso/Prestea Operation of Golden Star Resources which has had 11 million ounces mined to date and also at the Chirano/Akwaaba deposit of Red Back Mining. The study involved an extensive site visit which included a reassessment of previous data, re-logging of diamond core and providing recommendations for future exploration, with particular reference to targeting deeper mineralisation.
More Gold from Structural Targeting
Based on the new structural geology model, drilling was planned to initially extend the base of mineralisation down to 100 metres with follow-up drilling designed to test to 150 metres or approximately twice the depth of the current resource model.
The results provided were from holes specifically targeted to test deeper mineralisation. The holes have revealed that in the area tested, which is below the current design for the Salman Central pit, the mineralisation extends deeper than previously drilled and is present as wide zones of good grade.
Drilling will continue to infill the Salman Central and South areas at this level before commencing to extend the extent of mineralisation to 150 metres below surface. At the completion of both phases of drilling the Salman resource model will be updated. Based on the current results a significant upgrade in gold resource ounces is expected.
Adamus' technical team has clearly shown that detailed technical work can successfully target still relatively shallow resource extensions with exciting depth potential.
"These are amongst the best deeper results we have seen to date in this continuously growing project" said CEO Mark Bojanjac. "Our technical team are excited at the prospect of adding significant additional resources from the deeper yet still shallow sulphide material directly under the Salman deposit. We are targeting a substantial increase to the current gold resource.
"We are well advanced in our efforts to build the Nzema Gold mine and expect final permitting, financing and the purchase of longer lead-time plant items needed in the coming months ahead to produce gold from the existing free-milling material.
We have already shown in initial testwork that a simple float concentrate can be made at approximately 10 times the in-ground grade. More testwork is designed to further increase that concentration."
"To date this deeper material under Salman has been almost entirely excluded from the existing gold Reserves because it requires a different treatment process. There is a very real opportunity to concentrate such material on site and to toll-treat it at nearby bio-oxidation facilities whilst we produce gold on site from the free-milling surface material within our existing gold Reserves."
Contact
Mark Bojanjac - Managing Director/CEO
TEL: +61 8 9322 5943
Mark Connelly - Executive Director/COO
TEL: +61 8 9322 5943
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