Rome Resources Plc (AIM:RMR) shares advanced in Tuesday's trade, after the explorer unearthed another batch of positive drill results from its Mont Agoma prospect, in the Democratic Republic of Congo.
Drilling has intersected tin and copper in newly identified zones as well as deeper extensions of existing mineralisation.
"We are pleased to see consistent mineralisation coming through in our follow-up drilling at Mont Agoma,” chief executive Paul Barrett said.
“We are working closely with [contractor] MSA to ensure our geological model and upcoming MRE are both technically robust and representative of the system's potential.”
Barrett added: “With several assays pending and both MRE and metallurgical testwork underway, the coming months should provide the potential for multiple value-driving milestones for the company."
Drill hole MADD030A returned 18 metres of tin mineralisation with a peak grade of 2.4% tin, while MADD032 intercepted 13 metres of copper with a maximum grade of 13% copper plus 9 metres of tin within a higher-grade zinc zone.
Results suggest a strike-slip fault may have duplicated the principal tin zone to the east.
Six drill hole samples are awaiting assay results in the next two to three weeks for inclusion in the maiden mineral resource estimate.
Metallurgical testing is underway in Ontario to determine optimal processing routes for tin, copper, zinc, and silver.
In London, Rome shares gained 12.18% to change hands at 0.31p, valuing the business at just over £16 million.