Adamus Resources Limited - Sulphide Ore Zones Extended at Teberu Pit

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PERTH, Western Australia, Nov. 8 /CNW/ - Exploration drilling below the Teberu 04 pit at the Nzema Gold Project has increased the depth extent of the gold rich sulphide ore zones.  Teberu 04 is adjacent to Nugget Hill and is one of the planned pits along the Salman trend that is prospective for sulphide ore below the known oxide ore reserves. 

Best intersections include :

Hole ID	Section (UTM N55)	From (m)	To (m)	Interval (m)	Grade (g/t Au)
SNRC983	553800	74	90	16	3.34
SNRC984	553850	92	101	9	1.75
SNRC985	553750	77	85	8	4.37
SNRC990	553950	50	70	20	1.33

A reverse circulation (RC) and diamond drilling program was commenced in August 2010 with the aim of extending the sulphide ore zones and generating a Measured and Indicated resource.  Initial drilling at the Nugget Hill pit intersected broad zones of sulphide mineralisation that were reported on 22nd October.  The latest results are from the Teberu 04 pit located 400m to the northeast of Nugget Hill and represent a separate sulphide lens. 

The Teberu 04 sulphide ore zone varies in thickness from 5m to 20m and extends for at least 300m along strike. A long section suggests high-grade ore shoots may exist and these will be the target for further drilling planned.  The new results provide additional confirmation about the continuity of the sulphide ore, both along strike and down dip.

NEXT STEPS
RC and diamond drilling will continue during November at Teberu 04 pit as well as Salman South and Salman Central located along the Salman trend.  The primary focus is to assess the continuity and depth extent of the gold rich sulphide ore zones.  The first phase of drilling will be conducted on 50m spaced traverses with holes drilled to test the sulphide ore zones to a vertical depth of 100m.  If results are favourable a second phase of drilling will test to a vertical depth of 200m.  Results will be incorporated into a sulphide mineral resource update planned for 2011.

Exploration for oxide resources has also commenced with preparations for a RC drilling program at the Aliva prospect.  Other oxide targets that have been prioritised for further work include the Avrebo and Akropon prospects.

About Adamus
Adamus Resources Limited is an explorer and mine developer, listed on the Australian Securities Exchange (ASX), TSX Venture Exchange (TSX-V) and Frankfurt Stock Exchange Open Market (FSE).

The Company's primary focus is on exploring, realising and expanding the economic potential of the Southern Ashanti Gold Project in Ghana, West Africa.  The Project encompasses approximately 665km² of tenure in the Ashanti Gold Belt - host to over 100moz of gold and the Project boasts excellent access to port and road infrastructure.  Ghana is a stable West African country with a long history and some of the world's largest gold mining operations.  Gold production is vital to the national economy.  Members of the Adamus Board and management team have proven records in mineral exploration, project development and project financing.

Kind regards
ADAMUS RESOURCES LIMITED

(signed)

Mark Connelly
Managing Director/CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward Looking Information.
Certain statements included in this announcement, including information regarding Adamus' plans with respect to its mineral properties, constitute forward-looking information.  Forward-looking information includes, among other things, statements regarding expected operations.  Forward-looking information is based upon a number of estimates and assumptions made by the Company in light of its experience, current conditions and expectations of future developments, as well as other factors that the Company believes are appropriate in the circumstances.  While these estimates and assumptions are considered reasonable by the Company, they are inherently subject to business, economic, competitive, political and social uncertainties and contingencies.  Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company.  Such factors include, among other things, risks relating to additional funding requirements, metal prices, exploration, development and operating risks, competition, production risks, regulatory restrictions, including environmental regulation and liability and potential title disputes.  Investors are cautioned that forward-looking information is no guarantee of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking information due to the inherent uncertainty therein.  Forward-looking information is made as at the date of this announcement and the Company disclaims any intent or obligation to update publicly such forward-looking information, whether as a result of new information, future events or results or otherwise.

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