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Rome Resources Ltd
Symbol RMR
Shares Issued 120,350,939
Close 2024-02-26 C$ 0.19
Market Cap C$ 22,866,678
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Rome Resources to start drilling at Bisie North

2024-02-26 16:04 ET - News Release

Mr. Mark Gasson reports

ROME RESOURCES TO COMMENCE DRILLING AT ITS BISIE NORTH TIN PROJECT

Rome Resources Ltd. has started preparations to commence extension diamond drilling on its Kalayi and Mont Agoma prospects on PEPM 13274 and PR 15130, respectively. The company further identified a 26-metre-wide zone of anomalous tin in a trench manually excavated across the high-grade tin in soil anomaly in the recent infill soil sampling program at Kalayi.

CEO (chief executive officer) and president Mark Gasson commented: "We are extremely excited about mobilizing the drill rig back to site now that we have received funding from Pathfinder Minerals. This places our technical team in a good position to confirm our model for mineralization at both prospects where all indications are that tin (Sn), copper (Cu) and silver (Ag) mineralization increases at depth at Mont Agoma and that high-grade tin mineralization can be expected over two km at Kalayi where initial results reported grades of up to 0.5 m at 11 per cent Sn.

"Recent soil sampling at Kalayi defined a high-grade soil anomaly over 700 m within the broader two-kilometre anomaly where a single trench has defined a zone of anomalous tin over 26 m wide where maximum Niton grades of 0.1 per cent Sn over one m were reported at surface. Drilling below the trench will define true grade and widths of the zone.

"Our technical team, which discovered and drilled out the maiden mineral resource at neighbouring Alphamin's Mpama North tin mine is seeing many similarities in structural controls on mineralization at Kalayi, whereas Mont Agoma is more analogous to the San Rafael tin mine in Peru, which commenced as a copper and base metal mine at surface and gradually transgressed through a copper and tin transition zone, and today is one of the world's highest grade producing tin mines."

Infill soil sampling, trenching and planned drilling at Kalai prospect

Recent infill soil sampling confirmed a high-grade tin in soil anomaly (greater than 80 parts per million Sn; maximum 1,066 ppm Sn using the Niton XRF analyzer) is associated with the highly significant drilling results of 12.5 m at 1.06 per cent Sn including 2.5 m at 3.39 per cent Sn and 0.5 m at 11.7 per cent Sn from 41.5 m in KBDD003 and 2.5 m at 2.60 per cent Sn including 0.5 m at 7.15 per cent Sn from 79 m in KBDD002. Drilling to date was below limited artisanal workings.

A trench was excavated manually 100 m NW (northwest) of the workings. A broad 26 m wide anomalous tin zone with maximum Niton XRF values of 0.1 per cent Sn at surface was exposed and will be tested at depth in the planned drilling program.

Additional holes have been planned to intersect the mineralization identified in the first four holes at deeper levels and on strike to better understand the geometry of these mineralized bodies which typically pinch and swell at Kalayi. The company will be targeting tin only at Kalayi in a similar setting to Alphamin's deposits.

Mont Agoma prospect drilling

Drilling at Mont Agoma has defined a broad 250 m wide zone of copper, zinc, lead, silver and tin mineralization over 300 m which is open in all directions. Mineralization is focused in three main structures comprising a greater than 100 m wide western zinc zone, a central copper, zinc, silver and tin zone, and an eastern tin zone. Drilling to date suggests that the focus has been on the upper portion of the mineralized system with a strong likelihood for tin mineralization to dominate at deeper levels as tin crystalizes out much higher fluid temperatures therefore closer to the granitic source. Drill hole MADD010A intersected 26 m at 0.2 per cent Sn together with a significant 41 m at 3.5 per cent Cu which supports an increase in tin at depth and equates to the transition zone at San Rafael in Peru which is currently one of the world's largest tin producers.

The planned drilling will target tin mineralization at much deeper levels than the current drilling to confirm the model.

QP statement

Dr. Deon Vermaakt is a consultant of Rome Resources and qualified geologist and is a registered professional natural scientist (geological science) with the South African Council for Natural Scientific Professions (SACNASP Reg. No. 400074/03). Dr. Vermaakt is a qualified person (QP) under National Instrument 43-101 and has reviewed and approved the scientific and technical information contained in this news release.

Dr. Vermaakt reviews all sampling procedures and results of QA/QC (quality assurance/quality control) samples, which are inserted at regular intervals throughout the sample submissions on a continuing basis. The handheld Niton XRF is frequently checked and calibrated to ensure accurate analysis and measurements. The regular QA/QC samples inserted into the sampling stream performed satisfactorily as did checks of pulps from previously reported samples, which suggest that XRF results under reported by 10 per cent to 15 per cent. The QP is of the opinion that the XRF measurements are representative.

About Rome Resources Ltd.

Rome Resources is a mineral exploration company that has entered into two option agreements and a binding term sheet where it has acquired 51-per-cent indirect interests in two contiguous properties situated in the Walikale district of the North Kivu province in eastern Democratic Republic of the Congo, which are collectively referred to as the Bisie North tin project. Rome has completed an initial phase of drilling on the project where it is responsible to fund exploration up to the completion of a definitive feasibility study.

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