Rome's Prospector II Reverse Circulation Drill Will Accelerate Evaluation of Rome's Extensive Properties
April 19 2011 - 2:48PM
Marketwired
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
Rome Resources (TSXV:RMR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Rome Resources (TSXV:RMR)
Historical Stock Chart
From Jul 2023 to Jul 2024