NEWS RELEASE #06 MAY 24TH 2011 RESULTS FOR FIRST SIX HOLES OF REVERSE CIRCULATION DRILLING ON THE WEST ZONE OF ROME´S DON LUIS PROPERTY, SONORA, MEXI
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ROME RESOURCES LTD.
[TSX-VEN: RMR & FRANKFURT: 33R]
205 - 16055 Fraser Highway
Surrey, B.C. V4N 0G2
WEB: www.RomeResources.com CH Valoren
No: 699 171
Email: WKN: 886289
info@RomeResources.com
FAX: +(604) 507-2187 TEL: +(604)
507-2181
NEWS RELEASE #06: MAY 24TH 2011
RESULTS FOR FIRST SIX HOLES OF REVERSE CIRCULATION DRILLING
ON THE WEST ZONE OF ROME´S DON LUIS PROPERTY, SONORA, MEXICO
Rome Resources Ltd. 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"
Colin I. Godwin, PhD, PEng, PGeo
President and Director of Rome Resources Ltd.
Professor Emeritus, The University of British Columbia
Telephone: +604.939.6507. Email:cigodwin@romeresources.com
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. 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 |
+----------------+----+----+--------+-----+--------+--------+-----+-----+
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