02/08/2007 - 11:12

Adamus secures equipment for Ghanan expansion with Ausdrill

02/08/2007 - 11:12

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West Perth-based gold explorer Adamus Resources Ltd has secured the equipment required for further expansion of a Ghanan gold project, through an alliance with Canning Vale-based Ausdrill Ltd subsidiary African Mining Services.

Adamus secures equipment for Ghanan expansion with Ausdrill

West Perth-based gold explorer Adamus Resources Ltd has secured the equipment required for further expansion of a Ghanan gold project, through an alliance with Canning Vale-based Ausdrill Ltd subsidiary African Mining Services.

 

 

The full text of a company announcement is pasted below

Emerging gold producer Adamus Resources (ASX:ADU) is pleased to announce it has secured drilling equipment for further expansion of its Southern Ashanti Gold Project (SAGP) in Ghana during the coming twelve months.

Adamus Chief Operating Officer Mark Connelly, currently onsite in Ghana, said the Company had formed an alliance with drilling services supplier African Mining Services (AMS), which locked in the equipment for the drilling program through 2007 and into 2008.

Following its June raising of $7.84M at 64cents per share, the company is well positioned for immediate growth.

"We have a double shift drilling program already underway here in Ghana, with 22,000 metres of accretive drilling scheduled for the next six months. Forming this alliance and securing the equipment is an important step in
allowing us to quickly increase our resource base and realise the potential of the SAGP," Mr Connelly said.

AMS is part of the Australian based, international mining service group, Ausdrill Limited.

AMS has more than 10 years experience operating in Ghana.

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