Hi cptkid, I cant find any direct reference to cost out of the ground, may still be unknown til further resource estimates are made. Check against RBK (approx US$200, could turn out less with higher grades etc) and perhaps the neighbouring Boguso mine. Interesting on face value especially if RBK kicks off as I'm sure it will. (been sure before, no guarantee)
The Directors of Adamus Resources are pleased to announce that the Company has executed agreements whereby Adamus Resources will acquire 90% of the Salman Gold Project, an advanced and highly prospective exploration gold project located in Ghana, West Africa. The project contains substantial mineralization and excellent exploration potential as well as a number of other important attributes including: Located in Ghana, West Africa, the World's 10th largest and Africa's 2nd largest gold producer by country (2.5M ounces/year) Situated on the Ashanti Shear Zone - host to over 60 million ounces of gold. Well-defined, high order of magnitude soil anomaly (+20Oppb) that extends for over 4,000 metres along-strike. Preliminary trench sampling results have identified a number of substantial zones of near surface mineralization including: lOOm @ 6.lg/t gold
Both the style of mineralization and geological setting are comparable to the Bogosu gold mine (40km along-strike to the north), which has successfully mined oxide ore for over 10 years. Excellent proximity to infrastructure with the project located less than 50km by road from the port city of Takoradi and less than 15km from the town of Axim. Independent experts, Resource Services Group conclude “Highly likely a significant oxide and primary resource will be identified at Salman”.
Project Location and Previous Exploration The Salman Gold Project is located in southern Ghana, West Africa, situated on the southern extension of the Ashanti Shear Zone. The project consists of a number of tenements covering a total area of 84 square kilometres, with access gained via 50km of good quality roads from the port city of Takoradi, some 300 km of sealed roads from capital city, Accra. The majority of exploration completed within the project area was conducted by BHP in the mid 1990's. In total BHP completed 71 Reverse Circulation drill holes for a total of 6,961 metres and four Diamond holes for a total of 571 metres. Results from the drilling confirmed mineralization extended over a strike length of 4,000 metres. As the drilling was completed on very broad spaced lines (300-500 metres apart), a meaningful resource was never calculated. Subsequent exploration has focused on further delineating mineralisation within the main identified zone and on delineating new targets through closer-spaced, surface sampling techniques. Geological Setting and Exploration Potential Geology within the tenements is dominated by a sequence of NNE trending, sheared and folded interbedded greywackes and carbonaceous phyllites. Regionally these Proterozoic rocks are part of the Upper Birimian unit, which typically hosts significant mineralisation as it comes into contact with the Ashanti Shear Zone. Mineralization within the Salman Project is no exception, with gold occurring in sulphides within quartdcarbonate veining hosted in fractured and brecciated tuffaceous greywackes. Exploration completed within the Salman Project to date has identified several zones of believes there is potential to identify a significant resource within the existing zone of substantial mineralisation located over several kilometres of strike. The Company mineralisation and there is also potential for further mineralisation associated with parallel structures.
