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Adamus Resources Emerges as Ghana's Next Significant Gold Producer

Adamus Resources Limited poured its first gold bar at the Nzema Gold Project on 17 January 2011, confirming its emergence as Ghana's next significant gold producer.

This represents a major milestone in the evolution of Adamus from an early stage explorer to gold producer, in arguably one of the best jurisdictions in the world.

Other activities in the month of January 2011 included :

  • Water storage dam completed and suppling water to plant.
  • Performance trial completed 17 - 24 January.
  • Issue of Certificates of Practical Completion.
  • Gold room commissioned.
  • Workshop / Warehouse completed.
  • Sewerage treatment plant commissioned.
  • VRA power connected to site administration and security offices.
  • Vendor and contractor demobilisation underway.
  • Plant perimeter lighting completed.
  • Salman village school completed, finalising the construction of public buildings. Residential construction commenced
  • Mine Operating Permit received.
  • Interim Tailings Storage Facility completed and commissioned. Permanent facility progress to date is 89%, due for completion and commissioning in February.
  • ROM pad extension commenced.
  • Salman sulphide diamond drilling continued
  • Resource definition drilling at Teberu 01 completed.
  • Salman South and Central pre-collars ready for drilling, whilst co-ordinates at Aliva have been pegged.

Thanks to all our employees, contractors and shareholders who contributed to the completion of the process plant and the achievement of our first gold pour on schedule. Whilst we are now focused on achieving production targets at the Nzema Gold Project, our near-term objectives are to grow the Company's mineral resources and ore reserves and extend the initial 10 year mine life.

Exploration continues with 3 drill rigs currently on site undertaking the 2011 Exploration and Grade Control Program. Updates and results will be published periodically.

Source:

Adamus Resources Limited

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