Vancouver — Upgrading of the resources at Perth-based
The company’s 400 sq. km Southern Ashanti project is situated in the southern end of the Ashanti gold belt, some 300 km west of Ghana’s capital, Accra. The tenements lie 40 km south of Bogosu and Prestea, which are multi-million oz. gold deposits in Ghana’s Ashanti belt.
The resource upgrade is based on Adamus’ drilling over the last eight months at the Salman and Anwia deposits on the property. Both deposits remain open along strike and to depth.
The latest resource estimate done by SRK Consulting, employs a 1 gram gold per tonne cutoff. It pegs the combined deposits at 15 million tonnes in the measured and indicated categories, at a 2.1 grams gold grade, for 1 million contained oz. There are another 1.3 million tonnes grading 1.9 grams gold, for 77,000 oz., contained in the inferred resource category.
The Salman resource comprises several discrete zones of mineralization spread over 5 km of strike length. Gold mineralization is associated with a steeply west-dipping shear, named the Salman shear, located within a broader north-east trending feature known as the Salman trend.
The Anwia deposit is located approximately 9 km west of the Salman deposit. It comprises a series of shallow-dipping, gold mineralized quartz veins extending over hundreds of metres within a broad northwest trending mineralized zone. Drilling on two lines, spaced 300 metres apart, came up with good numbers including an intercept of 20 metres at 8.9 grams gold.
Drilling on the Nfutu prospect last October surpassed Adamus’s expectations for gold mineralization. The target was a 600-metre soil anomaly situated between the Salman and Anwia deposits.
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