ROME ANNOUNCES GEOPHYSICS CONTRACT FOR SURVEYS ON THEIR LCL-5 GRID AND ESMERALDA GRID LA COLORADA GOLD CAMP, SONORA, NORTHERN MEXICO
(firmenpresse) - ROME ANNOUNCES GEOPHYSICS CONTRACT FOR SURVEYS ON THEIR LCL-5 GRID AND ESMERALDA GRID LA COLORADA GOLD CAMP, SONORA, NORTHERN MEXICO
Rome Resources Ltd. has contracted Pacific Geophysics Ltd. of Vancouver, B.C., Canada, to survey a minimum of 12,000 meters on the LCL-5 Grid and the Esmeralda Grid. These grids are in Rome’s extensive holdings in the La Colorada Gold Camp in Sonora, Northern Mexico. This camp has produced more than three million ounces of gold, and the historic, core property held by Pediment Gold Corp. is reported to have reserves of more than one million ounces of gold. The area is accessible with almost complete infrastructure. The property is centered about 45 kilometers east of Hermosillo, the Capital of Sonora.
Geophysical surveying will be underway in March. Exploration targets are open pit, bulk-mineable, porphyry and Carlin style mines—similar to the past producing La Colorada heap leach mine beside the village of La Colorada. Figures 1 and 2, and Tables 1 and 2, outline an estimated CAD$100,000 program of geophysics that tests key geochemical gold anomalies on the La Colorada Property that is owned entirely by Roma Recursos de Mexico, S.A. de C.V., a wholly owned subsidiary of Rome Resources Ltd. The survey is expected to define priority locations for a reverse circulation drilling program for gold discovery.
Please find the figure under the following link: http://www.irw-press.com/dokumente/10030106LclNewsReleaseDebtSettlement.pdf
The geophysical contract is for a minimum of 15 line kilometers in nine lines (Table 1). However, the survey is likely to be expanded where anomalies are discovered by extensions to lines and with fill-in lines where anomalies are discovered. The objective is to use the geophysics to help target drill holes within the extensive and large soil-silt geochemical anomalies defined in Rome’s News Releases on the LCL-5 Grid (February 11th 2010) and on the Esmeralda Grid (November 23rd 2009).
Please find the figure under the following link: http://www.irw-press.com/dokumente/10030106LclNewsReleaseDebtSettlement.pdf
Induced polarization survey will be the focus of the geophysics. However, magnetometer profiles (to help define intrusive relationships) and VLF profiles (to help identify major structures) will also be obtained along the lines surveyed. Proposed lines are defined in Table 1, and are plotted in Figures 1 and 2. This program is expected to define priority locations for a reverse circulation drilling program.
Much information on Rome’s La Colorada Area has been made available in Rome’s News Releases and on its web site at www.RomeResources.com (click: “What’s New” or [SEDAR News Releases] and “Projects”). Key releases include descriptions of gold and associated geochemical anomalies in soils and silts on the: (i) Esmeralda Grid [November 23rd 2009], and (ii) LCL-5 Grid [February 11th 2010]. Both zones have the potential to host significant open pit gold mines.
Please find the figure under the following link: http://www.irw-press.com/dokumente/10030106LclNewsReleaseDebtSettlement.pdf
Rome not proceeding with Debt Settlement
The Company also wishes to announce that it is not proceeding with its debt settlement originally announced on July 23, 2009, whereby 150,077.44 in debt was to have been settled by the issuance of 468,992 shares at 32 cents each.
Rome Resources Ltd. is a Canadian mineral exploration company focused on gold and copper projects in Argentina and Mexico. It is publicly traded on the TSX Ven-ture Exchange under the symbol RMR, and on the Frankfurt Exchange as 33R. Company and exploration details are available at: 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
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 contains 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.
Leseranfragen:
Rome Resources Ltd.
#205 - #16055 Fraser Highway
Surrey D4N 0G2
British Columbia
Canada
1-604-5072181
Datum: 02.03.2010 - 10:56 Uhr
Sprache: Deutsch
News-ID 12707
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contact information:
Town:
Wien
Kategorie:
Business News
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