Adamus Resources Limited (Adamus) a wholly owned Ghanaian subsidiary of Endeavour holds 4 mining licenses and 11 prospecting licenses covering a total area of 464km2 that constitutes the Nzema Property. Adamus has a 90% interest in the mining licenses and the Government of Ghana holds a 10%
Adamus Resources (ASX: ADU) has returned high-grade gold intersections including 1 metre at 108 grams per tonne (g/t) gold from recent reverse circulation drilling at its Kanyankaw project in south western Ghana. Highlights include: - 2 metres at 13.24 g/t gold from 72 metres; - 2 metres at 9.98g/t gold from 27 metres; - 6 metres at 18.65g/t gold from 61 metres including 1 metres at 108g/t gold.
Merger of Equals of Adamus Resources and Endeavour Mining. Adamus Resources Limited (“Adamus”) (ASX:ADU TSX-V: ADU FSE: AXM) and Endeavour Mining Corporation (“Endeavour”) (TSX:EDV) are pleased to announce they have entered into a definitive Merger Implementation Agreement to combine through an all-stock merger of equals transaction creating a new growth focused West African gold ...
Some elders of Teleku Bokazo in the Ellembelle district have filed a suit at the Sekondi High Court seeking interlocutory injunction on the Adamus Resource Limited a gold mining company from undertaking surface mining on their land.
Mineral resource upgrade targeted for mid-2011; Adamus has explored only 20% of the 665km2 project area it controls on Ghana’s Ashanti Belt that has a an endowment of over 100M oz gold. Significant potential exists for additional free milling oxide ore near surface resource. Exploration will continue to add more reserves as mining progresses.