Business
Commencement of Drilling at the Kalayi Prospect
Commencement of Drilling at the Kalayi Prospect.
About this update from Rome Resources Plc
[{"type":"text","content":"\n\nThis announcement contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n5 August 2024\n \nRome Resources Plc\n(\"Rome\" or the \"Company\")\n \nCommencement of Drilling at the Kalayi Prospect, Bisie North Project\n \nRome Resources Plc (AIM: RMR) has commenced drilling on its Kalayi prospect (\"Kalayi\") located in the North Kivu province in the Democratic Republic of Congo (the \"DRC\") which, together with the Mont Agoma prospect and the Mont Agoma Northwest prospect, comprise the \"Bisie North Projects\".\n \nIn line with the Company's announcement on 30 July 2024, Mole Drilling Congo SARLU have now completed their site establishment, local staff orientation and have commenced drilling at the first diamond core drill hole at Kalayi. Two additional diamond core drill rigs will now be mobilised to additional identified drill sites, one at Kalayi and one at Mont Agoma where drilling is expected to commence within the next two weeks.\n \nThe drilling programme will be fine-tuned as results are received and is expected to complete early in the fourth quarter of 2024 with all results and a potential mineral resource estimate reported before year end. \n \nDrilling Programme at Kalayi\n \nThe initial planned resource drilling programme at Kalayi is comprised of up to 12 diamond core drill holes which will test mineralisation at two levels roughly 50m apart over 700m of the core high grade tin in soil anomaly (>80ppm Sn) at Kalayi. Two holes will be drilled on each section spaced roughly 100m apart. Drilling is expected to define tin mineralisation down to depths exceeding 100m below surface.\n \nAn initial 4 drill holes were completed previously at Kalayi where significant tin mineralisation intersected two holes and included:\n \nKBDD002: 2.5 m at 2.6% Sn from 79.0m including 1m at 4.68% Sn from 79m\nKBDD003: 12.5 m at 1.05% Sn from 40.5m including 1m at 7.21% Sn from 51.5m\nKBDD003: 3.0 m at 1.92% ...