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RMR Rome Resources Ltd

0.19
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
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

Rome Resources Ltd.: Proposed Reverse Circulation Drilling on West Zone, Based Mainly on Trench Analyses, Don Luis Property, Son

23/03/2011 6:51pm

Marketwired Canada


Rome Resources Ltd. (TSX VENTURE:RMR) (FRANKFURT:33R) is pleased to announce
results of trenching in the West Zone (Fig. A1) on the Don Luis Property,
Sonora, Mexico. Proposed locations of 273 reverse circulation drill holes (Fig.
A2) are justified by results from trench sampling coupled with results from
geochemical soil and mineralized rock sampling.


The Don Luis Property is about 45 km north-northeast of Hermosillo, the capital
of Sonora. The location of the West Zone, with respect to the rest of the Don
Luis Property, is shown in Figure A1. Each of the three zones, West, Central and
East are marked by geochemical soil anomalies that individually are about 500
meters in diameter (Fig. A1). These zones are also marked by coincident
greisen-alteration, "brain" rock (UST texture) and local greisen-breccia (see
fig. A1 in Rome's News Release #1, January 11th 2011).


A total of 2,978 meters of trenches were sampled at two meter intervals in the
West Zone. These trenches, shown in Figures A2 to A5, were sampled at two meter
intervals. Each sample weighed about 10 kilograms and was pulverized by
Laboratorio Technologico de Metalurgia, S.A. de C.V., Hermosillo, Sonora. These
pulps were analyzed in-house with a Niton X-ray fluorescence analyzer. Tungsten,
molybdenum and tin analyses were adjusted based on correlation with 109 samples
that were also analyzed by ALS-Chemex Ltd., North Vancouver, B.C. Lead and
arsenic values, reported here, were not adjusted. On some diagrams results from
soil geochemical analyses from a north-south soil grid are shown; these analyses
were by Pioneer Laboratories Inc. of Richmond, B.C.


Best results for all significant metals analyzed are concentrated within
greisen-porphyry around diamond drill hole DLS10DD02. (This 400 meter deep drill
hole returned 280 meters grading 12 grams per tonne silver-see Table 4 in Rome's
News Release #10, May 28th 2010). A preliminary drilling pattern, based on these
results (some of which are shown in Figures A3 to A5) is shown in Figure A2.
This drilling pattern will be modified as additional information is acquired and
interpreted. Our results support the drilling of all 275 reverse circulation
holes; however, grid spacing will start at 100 meters apart rather than the 50
meter spacing shown in Figure A2. Thirty-seven of the holes proposed are first
priority holes, 28 are second priority, and 210 are third priority. Drilling is
expected to begin in early April following delivery of our new, state-of-the-art
Prospector II Reverse Circulation Drill. This drill will allow drilling of holes
to a depth of about 100 meters. Note, however, that diamond drill holes
DLS10DD01 and 02 intersected significant silver in intervals from their tops to
their bottoms at 400 meters depth-all in leached capping (see Table 4 in Rome's
News Release #10, May 28th 2010). Below this depth supergene copper enrichment
might exist given the red-hematitic limonite and subdued copper values in the
surface capping rock (Fig. A5).


Anomalous trench sample values for lead (pathfinder for silver), tungsten,
molybdenum, arsenic (reflection of gold) and tin are summarized in Table A1.
Results for lead and silver are in Figure A3. Tungsten is shown in Figure A4. 


Rome Resources Ltd. is a Canadian mineral exploration company focused on gold,
silver, copper and tungsten projects in Argentina and Mexico. It is publicly
traded on the TSX Venture Exchange under the symbol RMR, and on the Frankfurt
Exchange as 33R. Company and exploration details are available at:
http://www.romeresources.com (click: "What's New" (SEDAR News Releases) and
"Projects").


On behalf of the Board of Directors 

Rome Resources Ltd.


Colin I. Godwin, PhD, PEng, PGeo, President and Director

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.


To view Appendix A, please visit the following link:

http://media3.marketwire.com/docs/323rmr_map.pdf

CH Valoren No: 699 171

WKN: 886289

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