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General mining & base metals

Rome Resources reports “milestone” finding in latest assays

Rome Resources Plc (AIM:RMR) has reported a significant assay result at its Mont Agoma prospect in the Democratic Republic of Congo (DRC).

The results, from drill hole MADD018, confirm a 148-metre copper intercept at an average grade of 0.35% Cu, including a 62.25-metre higher-grade zone at 0.61% Cu.

Also, drill hole MADD024 revealed visible tin over a 40-metre interval and an associated 179-metre visible copper zone.

The company said it is awaiting assay results but notes early indications suggest increasing tin grades at depth.

"The confirmation of 148m of copper mineralisation at Mont Agoma is a major milestone in defining the potential scale of this system,” chief executive Paul Barrett said in a statement.

“These results demonstrate that Mont Agoma hosts a large-scale, high-value copper-tin-zin-silver system, where copper and zinc dominate at shallower near surface levels and tin grades strengthen at depth - exactly the zonation model we are targeting.

"Importantly, mineralisation remains open along strike and at depth, with extensions of 1,000m northward providing further potential upside for scale.

“Whilst it is still early days and we need to receive the assays back from the lab for MAD0024, early indications seem to very encouraging in proving up our understanding of the geological model.”

Barrett added: “With all four drill rigs now focused at Mont Agoma, we are accelerating exploration efforts, next steps include exploring deeper to assess increasing tin grades and ongoing strike extension drilling.

“This expanded drill programme will drive continuous results, delivering a steady stream of newsflow as we work towards defining a major copper-tin system.

“As we advance, we are making excellent progress towards a maiden inferred mineral resource estimate."

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