Adamus eyes visible Liberian gold

THE BOURSE WHISPERER: Initial reconnaissance work carried out by Adamus Resources on its Bopulu mineral reconnaissance licence in Liberia has discovered large areas of noted alluvial mining and hardrock workings with visible gold.

Bopulu is one of three Mineral Reconnaissance Licences (MRLs) in Liberia, as well as the Mambo and Fasama licences, that were granted to Adamus in April.

Adamus has wasted little time to commence exploration on the MRLs and currently has a team of geologists, field technicians and local workers conducting a soil sampling program on Bopolu.

Sampling on the Mambo licence is due to commence immediately.

“This is an exciting development, as it confirms what we have believed for a long time – that Liberia has enormous potential as a second focus of exploration for Adamus,” Adamus Resources chief executive officer Mark Connelly said in the company’s announcement to the Australian Securities Exchange.

“With our Nzema gold project in Ghana in commercial production, we have been stepping up our exploration in the region, and we are now starting to see the results of this program.”

To enable it to commence fieldwork as soon as possible, Adamus has seconded a geologist to Liberia from its Nzema gold project in Ghana, while SEMS Consulting is assisting with logistics and support staff.

The main target area at the Bopolu MRL is a group of workings in the northwest portion of the licence that drain a ridge underlain by what the company considers to be a prospective unit of sheared iron formation, amphibole and quartzite.

Adamus is currently undertaking a series of soil sampling across the ridge and stream sediment sampling is also planned over the northwest portion of the licence.

There are numerous alluvial workings in the Mambo MRL area and meetings have been held with local mining agents and community representatives that have confirmed the location of noted previous mining activity, which will be the initial focus of the soil sampling program.

The Fasama MRL is the most northerly and remote of the three licences.

Reconnaissance work is planned in the next few weeks to locate and assess an area of activity near the town of Fasama.

Meetings have been held with Liberian government officials to discuss proposed work programs and progress on fieldwork.