Rome Resources Ltd HOLE-AVERAGED SILVER EQUIVALENT VALUES (BASED ON CERTIFIED SILVER AND GOLD ASSAYS) FROM DRILL HOLES ON THE WEST ZONE OF ROME´S DON LUIS PROPERTY, SONORA, MEXICO
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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
Email: info@RomeResources.com
FAX: +(604) 507-2187
CH Valoren No: 699 171
WKN: 886289
TEL: +(604) 507-2181
News Release 11: December 1st, 2011
Rome Resources Ltd. is pleased to announce hole-averaged silver equivalent
grades from certified gold and silver assays in drill holes (DLS10DD01 & 2 and
DLS11RC001 to 064) on the West Zone of the Don Luis Greisen-Porphyry Silver-
Gold-Tungsten Property, Sonora, Mexico (all holes in the West Zone are located
in Fig. A1). Composed results from the first six reverse circulation (RC) holes
were reported in News Release #06, May 5(th) 2011, and correspondingly detailed
data for RC holes 001 to 024 were announced in News Release #08, August
10(th) 2011. This report presents hole-averaged assay data for all holes
currently completed in the West Zone. Certified silver and gold grades from
Pioneer Laboratories Inc. (Richmond, BC, Canada) in Table A1 were used to
calculate the hole-averages of silver equivalent grades (on a 1 silver to 40
gold ratio) which are presented in the right hand column of Table A1.
The West Zone of the Don Luis Property has porphyry-style, open-pit tonnage
potential. The zone is represented by an anomaly more than 500 meters in
diameter that is mineralized and oxidized to a depth of more than 400 meters, as
indicated by diamond drilling (News Release #10, May 28(th) 2010). This
porphyry-class tonnage potential is demonstrated in Figure A1 that illustrates
how a 108 million tonne (tonne = metric tonne) block fits within the priority
drilling area of the West Zone. Note that the potential quantity, above, is
conceptual in nature, there has been insufficient exploration to define a
mineral resource, and it is uncertain if further exploration will result in
discovery of a mineral resource.
Hole-averaged equivalent silver values for combined silver and gold, using a
silver to gold ratio of 40:1, are mapped in Figure A2-as generated from data in
Table A1. These hole-averaged equivalent silver values increase to the north to
more than 20 grams per metric tonne. Higher grades are also open in this
direction.
Hole-averaged assay data for silver and gold with a calculated silver equivalent
grade (silver:gold calculated at 40:1) for all holes located in the West Zone on
Figures A1 and A2 are in Table A1. The higher grades of hole-averaged equivalent
silver encountered in these holes (Table A1 and Figs. A1 & A2) is emphasized by
the large number of holes with greater than 20 grams per metric tonne of silver
equivalent. These drill holes are:
1. DLS11RC007: 93.0 meters total length with 21.50 grams/metric tonne silver
equivalent.
2. DLS11RC014: 102.0 meters total length with 31.99 grams/metric tonne silver
equivalent.
3. DLS11RC015: 102.0 meters total length with 23.95 grams/metric tonne silver
equivalent.
4. DLS11RC021: 87.0 meters total length with 27.70 grams/metric tonne silver
equivalent.
5. DLS11RC030: 99.0 meters total length with 21.86 grams/metric tonne silver
equivalent.
6. DLS11RC033: 67.5 meters total length with 32.40 grams/metric tonne silver
equivalent.
7. DLS11RC060: 100.5 meters total length with 22.05 grams/metric tonne silver
equivalent.
8. DLS11RC062: 87.0 meters total length with 27.59 grams/metric tonne silver
equivalent.
9. DLS11RC064: 52.5 meters total length with 20.57 grams/metric tonne silver
equivalent.
All mineralization is in a highly oxidized cap-rock of intensely muscovite
altered porphyry or greisen. Consequently, the gold and silver mineralization
is: (i) in rock with a low "work index", and (ii) amenable to bulk heap leaching
of oxide mineralization. Silver appears to be concentrated in manganese rich
horizons, the distribution of which is being evaluated. Gold is associated with
vein quartz. Associated tungsten, molybdenum, bismuth and lead could contribute
to the value of the silver-gold mineralization, based on qualitative, in-house
Niton XRF analyses (see News Release #08, August 10(th) 2011). Because drilling
is preliminary, mineralization is open in all directions and at depth. Core
recovery in diamond drilling was about 80% and recovery in reverse circulation
drill holes was approximately 70%. The effect of this recovery on overall grade
assessment is not known.
IN SUMMARY, the West Zone target is a 100 million tonne, porphyry-style, open-
pit mine for bulk-tonnage low grade silver and gold. There are potentially
additional values in tungsten, molybdenum, bismuth and lead. Mineralization
occurs in an oxide zone and is expected to be heap leachable. Recovery of other
minerals, such as the tungsten mineral wolframite, might be achieved by gravity
methods. Metallurgical options are to be evaluated.
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
Colin I. Godwin, PhD, PEng, PGeo, a qualified person under National Instrument
43-101, has verified data disclosed in this release. 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. This News Release may contain forward-looking
statements. Forward-looking statements are statements which relate to future
events. As such, they are 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
To view the Figure associated with this press release, please visit the
following link:
http://media3.marketwire.com/docs/rmra1.jpg
Figure A1. Drill holes currently completed on the West Zone of the Don Luis
Property in Sonora, Mexico, are plotted as black dots. Holes DLS10DD01 & 02 and
DLS11RC001 to 064 are plotted in this map and summarized in Table A1. The
average assay of each hole for silver equivalent in grams per metric tonne is in
Table A1 and contoured in Figure A2. The potential of this zone to contain 100
million tonnes is illustrated by the dark blue block plotted on top of the red
priority drill area. The areas of both are about the same; the depth is
estimated from the two diamond drill holes in the area (DLS10DD01 & 02) that
were about 400 meters long and totally within oxidized, leached cap rock.
To view the Figure associated with this press release, please visit the
following link:
http://media3.marketwire.com/docs/rmra2.jpg
Figure A2. Drill holes completed on the West Zone of the Don Luis Property in
Sonora, Mexico, are plotted as black dots with a size that reflects average
silver equivalent in grams per metric tonne (legend: "GpTonne"). These values
are also contoured. Values are higher to the northeast. Holes in the southwest
have lower values, but this might be because these holes were short and failed
to reach the deeper manganese-silver enrichment horizons.
TABLE A1. Average values for the total length of each hole for significant
metals in completed holes in the West Zone of the Don Luis Property, Sonora,
Mexico. Analyses labeled "Pioneer" are certified analyses from Pioneer
Laboratories Inc. Core recovery in diamond drill holes (DD01, etc.) are in the
order of 80%. Recovery in reverse circulation holes (suffix RC001, etc.) is in
the order of 70% Holes are plotted in Figure A1. Hole-averaged silver equivalent
in grams per metric tonne ("AgEquiv. Grams/Tonne") are plotted in Figure A2. (*
marks data for two diamond drill holes in the zone that were averaged for only
the top 100 meters to match the maximum depths of most of the reverse
circulation holes.)
+---------------+---------+-------+-------+----------+
| DrillHoleName | LengthM | AgGpt | AuGpt | AgE40Gpt |
+---------------+---------+-------+-------+----------+
| DLS10DD01* | 100.0 | 10 | 0.064 | 12.38 |
+---------------+---------+-------+-------+----------+
| DLS10DD02* | 96.0 | 10 | 0.076 | 13.37 |
+---------------+---------+-------+-------+----------+
| DLS11RC001 | 96.0 | 12 | 0.035 | 13.05 |
+---------------+---------+-------+-------+----------+
| DLS11RC002 | 103.5 | 11 | 0.163 | 17.65 |
+---------------+---------+-------+-------+----------+
| DLS11RC003 | 100.5 | 7 | 0.045 | 9.04 |
+---------------+---------+-------+-------+----------+
| DLS11RC004 | 100.5 | 7 | 0.133 | 11.90 |
+---------------+---------+-------+-------+----------+
| DLS11RC005 | 100.5 | 8 | 0.105 | 12.18 |
+---------------+---------+-------+-------+----------+
| DLS11RC006 | 79.5 | 10 | 0.140 | 16.07 |
+---------------+---------+-------+-------+----------+
| DLS11RC007 | 93.0 | 17 | 0.115 | 21.50 |
+---------------+---------+-------+-------+----------+
| DLS11RC008 | 100.5 | 10 | 0.165 | 16.45 |
+---------------+---------+-------+-------+----------+
| DLS11RC009 | 90.0 | 5 | 0.081 | 8.04 |
+---------------+---------+-------+-------+----------+
| DLS11RC010 | 102.0 | 7 | 0.191 | 14.96 |
+---------------+---------+-------+-------+----------+
| DLS11RC011 | 102.0 | 8 | 0.116 | 12.38 |
+---------------+---------+-------+-------+----------+
| DLS11RC012 | 87.0 | 7 | 0.132 | 11.84 |
+---------------+---------+-------+-------+----------+
| DLS11RC013 | 102.0 | 9 | 0.109 | 13.17 |
+---------------+---------+-------+-------+----------+
| DLS11RC014 | 102.0 | 30 | 0.052 | 31.99 |
+---------------+---------+-------+-------+----------+
| DLS11RC015 | 102.0 | 20 | 0.102 | 23.95 |
+---------------+---------+-------+-------+----------+
| DLS11RC016 | 82.5 | 11 | 0.068 | 13.35 |
+---------------+---------+-------+-------+----------+
| DLS11RC017 | 102.0 | 7 | 0.060 | 9.47 |
+---------------+---------+-------+-------+----------+
| DLS11RC018 | 93.0 | 4 | 0.013 | 4.83 |
+---------------+---------+-------+-------+----------+
| DLS11RC019 | 99.0 | 9 | 0.029 | 9.83 |
+---------------+---------+-------+-------+----------+
| DLS11RC020 | 90.0 | 8 | 0.193 | 15.82 |
+---------------+---------+-------+-------+----------+
| DLS11RC021 | 87.0 | 18 | 0.239 | 27.70 |
+---------------+---------+-------+-------+----------+
| DLS11RC022 | 90.0 | 7 | 0.166 | 13.35 |
+---------------+---------+-------+-------+----------+
| DLS11RC023 | 100.5 | 4 | 0.105 | 8.01 |
+---------------+---------+-------+-------+----------+
| DLS11RC024 | 31.5 | 4 | 0.247 | 14.36 |
+---------------+---------+-------+-------+----------+
| DLS11RC025 | 99.0 | 2 | 0.088 | 5.93 |
+---------------+---------+-------+-------+----------+
| DLS11RC026 | 100.5 | 6 | 0.328 | 19.06 |
+---------------+---------+-------+-------+----------+
| DLS11RC027 | 102.0 | 4 | 0.190 | 11.67 |
+---------------+---------+-------+-------+----------+
| DLS11RC028 | 102.0 | 11 | 0.032 | 12.67 |
+---------------+---------+-------+-------+----------+
| DLS11RC029 | 108.0 | 17 | 0.064 | 19.61 |
+---------------+---------+-------+-------+----------+
| DLS11RC030 | 99.0 | 15 | 0.182 | 21.86 |
+---------------+---------+-------+-------+----------+
| DLS11RC031 | 102.0 | 6 | 0.180 | 13.31 |
+---------------+---------+-------+-------+----------+
| DLS11RC032 | 48.0 | 10 | 0.181 | 17.58 |
+---------------+---------+-------+-------+----------+
| DLS11RC033 | 67.5 | 21 | 0.283 | 32.40 |
+---------------+---------+-------+-------+----------+
| DLS11RC034 | 90.0 | 4 | 0.098 | 8.33 |
+---------------+---------+-------+-------+----------+
| DLS11RC035 | 100.5 | 3 | 0.087 | 6.40 |
+---------------+---------+-------+-------+----------+
| DLS11RC036 | 102.0 | 2 | 0.037 | 3.26 |
+---------------+---------+-------+-------+----------+
| DLS11RC037 | 102.0 | 4 | 0.039 | 5.39 |
+---------------+---------+-------+-------+----------+
| DLS11RC038 | 100.5 | 4 | 0.036 | 5.13 |
+---------------+---------+-------+-------+----------+
| DLS11RC039 | 45.0 | 0 | 0.024 | 1.44 |
+---------------+---------+-------+-------+----------+
| DLS11RC040 | 52.5 | 1 | 0.009 | 0.97 |
+---------------+---------+-------+-------+----------+
| DLS11RC041 | 60.0 | 6 | 0.008 | 6.18 |
+---------------+---------+-------+-------+----------+
| DLS11RC042 | 60.0 | 0 | 0.008 | 0.71 |
+---------------+---------+-------+-------+----------+
| DLS11RC043 | 66.0 | 0 | 0.037 | 1.77 |
+---------------+---------+-------+-------+----------+
| DLS11RC044 | 69.0 | 9 | 0.042 | 10.29 |
+---------------+---------+-------+-------+----------+
| DLS11RC045 | 100.5 | 3 | 0.014 | 3.72 |
+---------------+---------+-------+-------+----------+
| DLS11RC046 | 96.0 | 3 | 0.036 | 4.57 |
+---------------+---------+-------+-------+----------+
| DLS11RC047 | 90.0 | 4 | 0.080 | 7.65 |
+---------------+---------+-------+-------+----------+
| DLS11RC048 | 22.5 | 5 | 0.063 | 7.73 |
+---------------+---------+-------+-------+----------+
| DLS11RC049 | 102.0 | 8 | 0.155 | 14.05 |
+---------------+---------+-------+-------+----------+
| DLS11RC050 | 100.5 | 7 | 0.033 | 8.70 |
+---------------+---------+-------+-------+----------+
| DLS11RC051 | 48.0 | 9 | 0.133 | 14.42 |
+---------------+---------+-------+-------+----------+
| DLS11RC052 | 24.0 | 5 | 0.022 | 5.76 |
+---------------+---------+-------+-------+----------+
| DLS11RC053 | 51.0 | 4 | 0.064 | 6.21 |
+---------------+---------+-------+-------+----------+
| DLS11RC054 | 28.5 | 1 | 0.006 | 1.36 |
+---------------+---------+-------+-------+----------+
| DLS11RC055 | 40.5 | 2 | 0.008 | 2.51 |
+---------------+---------+-------+-------+----------+
| DLS11RC056 | 54.0 | 1 | 0.019 | 1.71 |
+---------------+---------+-------+-------+----------+
| DLS11RC060 | 100.5 | 20 | 0.041 | 22.05 |
+---------------+---------+-------+-------+----------+
| DLS11RC061 | 102.0 | 16 | 0.032 | 17.70 |
+---------------+---------+-------+-------+----------+
| DLS11RC062 | 87.0 | 25 | 0.068 | 27.59 |
+---------------+---------+-------+-------+----------+
| DLS11RC063 | 88.5 | 14 | 0.065 | 17.01 |
+---------------+---------+-------+-------+----------+
| DLS11RC064 | 52.5 | 19 | 0.050 | 20.57 |
+---------------+---------+-------+-------+----------+
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Source: Rome Resources Ltd via Thomson Reuters ONE
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