ADU 0.00% 71.5¢ adamus resources limited

adamus to triple land holding on ashanti trend

  1. 284 Posts.
    Adamus to triple land holding on Ashanti Trend
    13:35, Thursday, 18 September 2003

    Sydney - Thursday - September 18: (RWE) - Adamus Resources will acquire 90 per cent of the Anwia Project and take a controlling interest in tenure covering both northern and southern strike extensions of the Main Salman Trend.

    The acquisitions will add almost a quarter of a million ounces in gold resources and triple the company's current land holding on the Ashanti Trend, giving Adamus immediate scale.

    Following shareholder approval, Adamus will take control of a substantial part of the Southern Ashanti trend, consolidating a regional project encompassing a total area of 253 square kilometres.

    The Anwia deposit is reported to contain an indicated resource of 220,000 ounces and the Salman Project features extensive surface mineralisation extending over a strike length of 4.8 kilometres.

 
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