Results for First Six Holes of Reverse Circulation Drilling on the West Zone of Rome Resources's Don Luis Property
25.05.2011 | Marketwire
SURREY, 05/24/11 - 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: 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
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
+604.939.6507
cigodwin@romeresources.com
www.romeresources.com