Business
Rome Intersects Significant Tin Mineralisation
Rome Intersects Significant Tin Mineralisation.
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 \n28 August 2024\n \nRome Resources Plc\n(\"Rome\" or the \"Company\")\n \nRome Intersects Significant Tin Mineralisation\n \nRome Resources Plc (AIM: RMR) is pleased to provide an update on its latest diamond core drilling operations 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\" (the \"Project\").\n \nHighlights\n \n· The second drillhole in the current campaign, KBDD006 (in progress at 73m), has intersected a significant tin mineralised, highly weathered alteration zone at the Kalayi Prospect.\n· KBDD006 targeted the subsurface continuation of mineralisation identified in surface trench KBTT001, situated 100m to the NW of previous drilling.\n· The mineralised zone was intersected between 29m and 52m underneath the trench within a dark brown alteration zone with prominent quartz veining and associated cassiterite (tin oxide).\n· Tin mineralisation was also identified from Niton XRF portable analyser readings in several areas of intense alteration within the zone of interest, presumed to be weathered chlorite.\n· The next drillhole will be situated where a cassiterite vein was encountered while clearing the drill pad 100m to the NW of KBDD006.\n· Mobilisation of the second and third drill rigs to site ongoing and expected to be completed by the end of this week or early next week.\n \n \nPaul Barrett, Chief Executive Officer of Rome Resources Plc, commented:\n \n\"We are delighted to see such a significant intersection of mineralisation so early in the drilling campaign, confirmed from drillsite analysis as tin-bearing. More importantly, this mineralisation is present from surface and given the management's exp...