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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rome Resources Ltd | TSXV:RMR | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.19 | 0.15 | 0.175 | 0 | 01:00:00 |
Hot Features
Premium
Rome Resources Ltd. (TSX VENTURE:RMR) (FRANKFURT:33R) is pleased to announce
gold and silver grades encountered in the first six reverse circulation (RC)
holes on the West Zone of the Don Luis Greisen-Porphyry Silver-Gold-Tungsten
Property, Sonora, Mexico. This property is about 45 km north-northeast of
Hermosillo, the capital of Sonora. The West Zone has major tonnage potential
because it is represented by an anomalous zone more than 500 meters in diameter
and more than 400 meters deep. The target is a large open-pit mine for low grade
silver, gold and tungsten. The objective of the drilling program is to determine
grades of silver, gold, tungsten, molybdenum and lead in this zone. Silver and
gold grades are reported here. Tungsten, molybdenum and lead, analyzed by
in-house X-Ray fluorescence, occur in important but not formally reportable,
quantities. The program is ongoing.
Silver and gold grades, detailed in the Appendix, are calculated for the six RC
holes totaling 580.5 meters of which, due to minor sample loss, only 573.0
meters were assayed. Recovery, also reported in the Appendix, is poor due to the
difficult ground conditions; the impact of this on the assay grades is not
known. Gold and silver analyses were done by Pioneer Laboratories Inc. of
Richmond, British Columbia, Canada. In summary (see Tables A1 and A2 in the
Appendix for details):
1. Silver (Table A1), using a cutoff of 6 grams per tonne (gpt), yielded
342 meters averaging 12.3 gpt; the maximum value encountered was 55 gpt.
Good intersections include holes DLS11RC001 and 003 that intersected
63.0 meters of 15.0 gpt and 81.0 meters of 12.9 gpt silver,
respectively.
2. Gold (Table A2), using a cutoff of 0.05 gpt, yielded 223.5 meters
averaging 0.174 gpt. The maximum value encountered was 6.12 gpt. Hole
DLS11RC004 intersected 43.5 meters of 0.278 gpt gold.
All mineralization is in a highly oxidized cap-rock of intensely muscovite
altered porphyry or greisen. Consequently, the mineralization is: (i) in rock
with a low "work index", and (ii) the gold and silver appear to be amenable to
bulk heap leaching. Silver appears to be concentrated in manganese rich
horizons, the distribution of which is being evaluated. Gold is associated with
locally significant quantities of quartz. Because we have just started our RC
drilling program, mineralization is open in all directions and at depth.
Rome Resources Ltd. is a Canadian mineral exploration company focused on silver,
gold, copper and tungsten projects in Mexico and Argentina. It is traded on the
TSX-VEN (symbol RMR) and on the Frankfurt Exchange (33R). Company and
exploration details are at: http://www.romeresources.com (click: "What's New"
(SEDAR News Releases) and "Projects").
On behalf of the Board of Directors
Colin I. Godwin, PhD, PEng, PGeo
President and Director of Rome Resources Ltd.
Professor Emeritus, The University of British Columbia
Colin I. Godwin, PhD, PEng, PGeo, a qualified person under National Instrument
43-101, has verified data disclosed in this release. This News Release may
contain forward-looking statements. Forward-looking statements are statements
which relate to future events. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors that may cause our or
our industry's actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by these forward-looking
statements. While these forward-looking statements, and any assumptions upon
which they are based, are made in good faith and reflect our current judgment
regarding the direction of our industry, actual results will almost always vary,
sometimes materially, from any estimates, predictions, projections, assumptions
or other future performance suggested herein.
APPENDIX A
TABLE A1. Silver results for DLS11RC001 to 006 from the West Zone of the Don
Luis Property, Sonora, Mexico. Black entries used a cutoff of 6 gpt and red
(including) entries used a cutoff of 12 gpt. Total length of RC holes is 580.5
m; 573.0 m was assayed due to minor sample loss. Data was reduced using the
Discover Module in MapInfo.
----------------------------------------------------------------------------
RC HOLE/ FROM TO INTERVAL SILVER LENGTH M HOLE AVG MAX RECO-
LENGTH M M M M GPT ASSAYED GPT GPT VRY%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC001 24.0 51.0 27.0 14
----------------------------------------------------------------------------
DLS11RC001 60.0 96.0 36.0 16
----------------------------------------------------------------------------
INCLUDING 60.0 82.5 22.5 19
----------------------------------------------------------------------------
DLS11RC001/96.0 63.0 15 91.5 12 55 50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC002 0.0 43.5 43.5 9
----------------------------------------------------------------------------
DLS11RC002 51.0 73.5 22.5 22
----------------------------------------------------------------------------
INCLUDING 51.0 69.0 18.0 25
----------------------------------------------------------------------------
DLS11RC002 79.5 94.5 15.0 10
----------------------------------------------------------------------------
DLS11RC002/103.5 81.0 13 100.5 7 47 67
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC003 0.0 9.0 9.0 8
----------------------------------------------------------------------------
DLS11RC003 48.0 63.0 15.0 11
----------------------------------------------------------------------------
DLS11RC003 69.0 79.5 10.5 15
----------------------------------------------------------------------------
DLS11RC003/100.5 34.5 11 100.5 7 37 64
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC004/100.5 10.5 45.0 34.5 10 100.5 7 27 46
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC005/100.5 0.0 51.0 51.0 13 100.5 8 43 66
----------------------------------------------------------------------------
INCLUDING 0.0 22.5 22.5 19
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC006/79.5 0.0 78.0 78.0 11 79.5 10 32 44
----------------------------------------------------------------------------
INCLUDING 4.5 15.0 10.5 17
----------------------------------------------------------------------------
INCLUDING 24.0 43.5 19.5 15
----------------------------------------------------------------------------
TABLE A2. Gold results for DLS11RC001 to 006 from the West Zone of the Don Luis
Property, Sonora, Mexico. Black entries used a cutoff of 0.05 gpt (50 ppb) and
red (including) entries used a cutoff of 0.10 gpt (100 ppb). Total length of RC
holes is 580.5 m; 573.0 m was assayed due to minor sample loss. Data was reduced
using the Discover Module in MapInfo.
----------------------------------------------------------------------------
RC HOLE/ FROM TO INTERVAL GOLD LENGTH M HOLE AVG MAX RECO-
LENGTH M M M M GPT ASSAYED GPT GPT VERY%
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC001/96.0 82.5 96 13.5 0.136 91.5 0.032 0.235 50
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC002/103.5 70.5 79.5 9.0 0.405 100.5 0.170 6.120 67
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC003 0.0 36.0 36.0 0.098
----------------------------------------------------------------------------
DLS11RC003 40.5 58.5 18.0 0.054
----------------------------------------------------------------------------
DLS11RC003/100.5 54.0 0.083 100.5 0.046 0.380 64
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC004 4.5 28.5 24.0 0.450
----------------------------------------------------------------------------
INCLUDING 10.5 27.0 16.5 0.630
----------------------------------------------------------------------------
DLS11RC004 55.5 64.5 9.0 0.060
----------------------------------------------------------------------------
DLS11RC004 72.0 82.5 10.5 0.067
----------------------------------------------------------------------------
DLS11RC004/100.5 43.5 0.278 100.5 0.139 2.540 46
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC005/100.5 0.0 31.5 31.5 0.190 100.5 0.105 1.780 66
----------------------------------------------------------------------------
INCLUDING 0.0 22.5 22.5 0.255
----------------------------------------------------------------------------
----------------------------------------------------------------------------
DLS11RC006 0.0 31.5 31.5 0.190
----------------------------------------------------------------------------
INCLUDING 0.0 24.0 24.0 0.233
----------------------------------------------------------------------------
DLS11RC006 39.0 79.5 40.5 0.121
----------------------------------------------------------------------------
INCLUDING 45.0 75.0 30.0 0.142
----------------------------------------------------------------------------
DLS11RC006/79.5 72.0 0.151 79.5 0.140 0.880 44
----------------------------------------------------------------------------
CH Valoren No: 699 171
WKN: 886289
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