Vancouver – Upgrading of the resources at Perth-based Adamus Resources’ (ADU-V) South Ashanti gold project in West Africa, has outlined over a million oz. in two deposits. This represents an increase of over 50% from the last estimate.
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 city, Accra. The tenements lie 40 km south of the Bogosu and Prestea which are multi-million oz. gold deposits in the Ashanti belt.
The resource upgrade is based on drilling over the last eight months at the Salman and Anwia deposits on the South Ashanti 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 cut off, which pegs the combined Salman and Anwia deposits at 15 million tonnes in the measured and indicated categories, at a 2.1 grams gold grade for 1,000,000 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 some 5 km of strike length. Gold mineralization is associated with a steep west-dipping shear, termed the Salman shear, located within a broader north 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 the Nfutu prospect last October surpassed Adamus’ expectations for the extent and strength of gold mineralization. The target was a 600-metre soil anomaly situated between the Salman and Anwia deposits. Drilling on two lines, spaced 300 metres apart, came up with good numbers including an intercept of 20 metres at 8.9 grams gold.
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