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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's Prospector II Reverse Circulation Drill Will Accelerate Evaluation of Rome's Extensive Properties

19/04/2011 7:48pm

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Rome Resources Ltd. (TSX VENTURE: RMR) (FRANKFURT: 33R) is pleased to announce that their Prospector II Reverse Circulation Drill is operational on the Don Luis Silver-Gold-Tungsten Property in Sonora, Mexico. This state-of-the-art drill was manufactured by Multi-Power Products Ltd. of Kelowna, B.C., Canada (www.multipowerproducts.com) and exported to Mexico. Pictures of the current operation of our drill are in Figures A1 and A2 of the Appendix. This reverse circulation drilling is particularly important because on Don Luis the silver results from diamond drilling, while very encouraging (News Release #10: May 28th 2010), are thought to be low because of poor core recovery in our preliminary diamond drilling campaign. The larger sample size, more complete and more representative sample from reverse circulation drilling is expected to yield higher silver values.

Acquisition of this drill is considered critical to evaluation, not only for Don Luis, but also for the extensive and highly prospective suite of silver, gold and copper properties held by Rome in Mexico. Training of Mexican operators is in full swing. Advantages of having our own drill include: (i) faster, cheaper drilling and easier sample preparation, and generally more reliable assay results from reverse circulation drilling compared to diamond drilling-this is expected to lead to quicker evaluations and information for investors, (ii) avoidance of lead time in obtaining a drill contractor-currently as much as nine months, and (iii) ease of mobilization to any of Rome's properties in Sonora and Michoacan.

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.

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 Figure A1 and Figure A2 of the Appendix, click the following link: http://romeresources.com/site/2011/04/19/news-release-04-april-19th-2011-rome%E2%80%99s-prospector-ii-reverse-circulation-drill-will-accelerate-evaluation-of-rome%E2%80%99s-extensive-properties/

CH Valoren No: 699 171

WKN: 886289

Neither the 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 News Release.

Contacts: Rome Resources Ltd. Colin I. Godwin, PhD, PEng, PGeo, President and Director Professor Emeritus, The University of British Columbia 604.939.6507 cigodwin@romeresources.com www.romeresources.com

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