Oct 22 2010
Adamus Resources Limited has announced RC drilling below the Nugget Hill oxide pits at the Nzema Gold Project has intersected new zones of sulphide ore.
Hugget Hill is one of the planned pits along the 9km long Salman trend that is prospective for deep sulphide ore below the known oxide ore reserves.
Exploration drilling commenced in August 2010 with the aim of converting the existing sulphide mineral resource to the Measured and Indicated category and ultimately into an ore reserve estimate. The first phase of the program comprises approximately 50 RC and diamond holes on traverses spaced 50m apart targeting selected sulphide ore zones to a depth of 100m. Subject to results, the second phase of drilling will test the ore zones to a vertical depth of 200m. A number of operations on the Ashanti Trend have successfully exploited sulphide ore at depth both by open pit and underground.
The results are encouraging because they confirm the continuity of the ore zones from the oxide zone through the transitional zone into the sulphide zone. The results also confirm that ore grade intersections within the oxide are repeated in the sulphide zone.
NEXT STEPS
RC and diamond drilling is now in progress on the Salman sulphide mineral resource with drilling scheduled to continue for the rest of the year and into 2011. Results from this program will be incorporated into an update of the sulphide mineral resource estimate planned for 2011.
Selection of an external consulting group to conduct a scoping study on the sulphide project is in progress. Preliminary work on the process route envisages the creation of a sulphide concentrate on site, followed by treatment of the concentrate at an existing nearby BIOX facility or investigate other options for value creation.
Information in this report pertaining to exploration results was compiled by Martin Bennett, an employee of Adamus Resources Limited, who is a Member of the Australasian Institute of Geoscientists and has more than 5 years experience in estimation of recoverable resources in gold deposits. He qualifies as a "Qualified Person" under Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Source: Adamus Resources Limited