ADAMUS RESOURCES - 500 Beiträge pro Seite

[Tr@dex]

Ein wie ich finde aussichtreiches Investment mit einem Asset in Ghana,das im Moment exploriert wird.
Es wurden schon beeindruckende Bohrresultate erzielt,das Gold befindet sich dicht unter der Oberfläche,was einen kostengünstigen Abbau gewährleistet.
Die Marktkapitalisierung beträgt nur ca 3 Mio Euro

Meinungen erbeten

Gruss Tr@dex


The Salman Project is located in southern Ghana, West Africa, approximately 300km west of Ghana’s capital city of Accra. The project consists of a number of tenements covering a total area of 84 square kilometres accessible via 50km of all weather roads from the port city of Takoradi. Adamus owns 90% of the Salman Project with the remaining 10% controlled by the Ghanaian government.

Through the acquisition of the project the Company has gained access to in-country expertise both technical and logistical providing valuable support for future exploration. Ghana’s proven stable political history and English legal system combined with the Salman Project’s excellent proximity to local infrastructure, will greatly assist the Company as it moves towards adding substantial value to the project.

The Salman Project is situated on the southern extension of the Ashanti Gold Belt, which is host to over 60 Moz of gold. The tenements themselves lie just 40km south of the world class deposits of Bogosu (3.3Moz) and Prestea (10.7Moz). Mineralization at Salman is hosted within folded and sheared Proterozoic sediments and typically occurs within sulphides and as free gold associated with quartz veining.

Previous exploration at Salman involving a number of surface geochemical sampling programs identified a zone of robust gold mineralization up to 350 metres in width and extending over 4,000 metres along strike. Follow up trenching of the anomaly produced substantial intersections including 100m @ 6.1g/t gold. Subsequent RC drilling on broad spaced lines (300-500 metres apart) intersected substantial zones of gold mineralization including:

SRC 17, 73m @ 2.8g/t gold from surface
Inc, 21m @ 8g/t gold
SRC 18, 42m @ 3.2g/t gold from surface
SRC 82, 85m @ 2.2g/t gold from 20m

The width and grade of mineralization and its positioning close to surface suggests that the project possesses the necessary criteria for hosting a significant gold resource. The Company’s focus at Salman in the immediate future will be to infill drill the central and northern zones (Figure 2) and unlock the initial resource potential of the project. There are a number of other anomalous zones both along strike and parallel to the main zone. These anomalies have the potential to add significant ounces to an already very promising project

[Pillehuhn]

Hi,

die Meldung hört sich ja ganz gut an, trotzdem bleibt die Aktie von Umsätzen weitestgehend verschont.

CU
Pillehuhn

[Tr@dex]

Die Umsätze in Deutschland kannst du vergessen.
Aber in Australien gehen einige Stücke um.

Im Sommer gibt es eine Resourcenschätzung,hoffe das hilft dem Kurs auf die Beine.
Dem Management ist es schon einmal gelungen ein Projekt zu explorieren und dann "teuer" zu verkaufen



Marc Bojanjac Of AGR Fame Reckons He Is Now On Another Winner At Adamus Resources.

Minews has been acquainted with Marc Bojanjac for some time and a knowledge of personalities is vital in the world of mining exploration. In a previous existence he ran a little Australian company called AGR which was listed on the Ofex market in London. AGR is now a subsidiary of the Canadian uranium major Cameco, but in its earlier days it was struggling to develop the Boroo gold project in Mongolia on a shoestring. Before that it was going to merge with Resolute and be promoted to AIM, but a preference shareholder in Resolute called Duncan Saville put a boot into that deal at the last moment and Marc Bojanjac, who had just got married, had to postpone his honeymoon.

Anyway he kept slogging away with the Boroo project for another year and the following Christmas he received a really big present in the shape of this deal with Cameco Corporation, the world’s largest uranium miner and a gold producer of size to boot. As a result the AGR shares were suspended on Ofex and remain so as a very major deal is gestating whereby AGR will become Cameco’s listed gold subsidiary with the addition of Cameco’s 33 per cent stake in the Kumtur mine in Kyrgyzstan which produced over 700,0000 ounces of gold last year at a cash cost of US$150/oz. The intention is that it will list in London and it will be of size to be a candidate for the main board rather than AIM, though brokers Canaccord Capital have made no announcement yet.

As part of the original deal Cameco paid US$12 million for its stake in AGR and also gave it a 60 per cent interest in its Gatsuurt gold project which is only 35 kms southeast of Boroo. This will now be explored jointly with ground around the mine itself in order to prove up further resources and reserves which will add to the life of the mine. When the results of this work are available , and Cameco has committed US$3 million to it, AGR can opt to buy the rest of Gatsuurt. The basic outline of the Boroo project, when last heard of, is that it has resources of 9.4 million tonnes grading 3.76 g/t gold to give just over a million ounces. Throughput at the treatment plant will be 1.75 million tonnes/annum which will give it a 5.5 year life with production running at 200,000 ounces of gold for the first three years at a mining and production cash cost of US$166/oz.

It will be interesting to see if this plan has been expanded by the new management, but Marc Bojanjac should get a lot of credit for keeping the show on the road. Mongolia had not been brought to the forefront by Robert Friedland at that time and the gold price was a miserable US$255/oz. To have held onto such a project was quite a feat, let along start to develop it with virtually no money in the bank. Bojanjac is therefore a man worth following and he is now involved in another little company called Adamus Resources. When he parted from AGR he moved some African assets over to Adamus as they were of no interest to Cameco.

His partner at Adamus is Robert Gardner who is a long term friend and who holds around 35 per cent of the equity. The two of them were together at Gilt Edged Mining with its Kundana gold project which was eventually sold to Goldfields for A$45 million. When Placer Dome took over AurionGold – the result of the merger between Delta Gold and Goldfields Kundana was valued at A$200 million. Bojanjac and Gardner hope they are onto something similar at the Salman project which is the chief asset of Adamus. It is on the southern end of the Ashanti gold belt in Ghana and was once a BHP project on which the major spent around US$4 million. In the end BHP walked away, but not before drilling had shown up to 80 metres of surface oxide material in places.

Salman is said to be similar to the Boguso project of Golden Star Resources where free milling surface oxide grading more than 3 g/t has been mined for ten years now. If the oxide at Salman proves to be free milling the project could be very robust as it is on a hilltop which means that the strip ratio is minimal. It has certainly got the size with 4.5 kms of mineralised strike, so the company now needs to confirm grade. A drilling programme has been going on for a couple of months and the results from the first 17 of approximately 50 holes were very consistent. They included 75 metres grading 3.1g/t from surface so the Adamus team has reason to think it is on another winner. More results can be expected in the next week or so.