Rome Resources PLC (RMR) is continuing with its drill campaign on the Mont Agoma tin prospect in the Democratic Republic of Congo.
The company’s chief executive, Paul Barrett, says he is encouraged by an apparent “marked increase in tin mineralisation”, as drilling continues deeper and to the southeast.
Much has already been achieved in the current campaign, which follows the success of the outstanding MADD10A hole, which intersected significant high-grade copper, zinc, silver with tin mineralisation.
Initially, hole MADD016 was terminated early due to stuck rods at 46 metres, although it did enter the tin zone.
A follow-up hole, MADD016A was successfully redrilled to 242.5 metres and encountered a 67 metre wide tin, copper and zinc zone between 47 metres and 113 metres. Copper mineralisation was present in discrete intervals within this tin-polymetallic zone and additionally in several intervals below the tin zone to 220 metres.
Hole MADD017 is currently underway and is working through the tin, copper and zinc zone. This hole has encountered several tin-bearing intervals with a concentration of cassiterite veins between 117 metres and 140 metres. A notable copper zone was encountered between 98 metres and 113 metres.
Hole MADD018 is currently underway, drilling down to anticipated mineralised zone.
Separately, drilling at Kalayi is ongoing and a further announcement will be made in due course.
"Drilling continues apace at both Kalayi and Mont Agoma,” said Paul Barrett.
“The flow of samples for assay reporting is continuing, with the first batch now at ALS Johannesburg. Initial assessments from the cores continue to be very promising, in terms of both tin and copper indications and we look forward to being able to update the market as soon as laboratory analyses become available. The directors of Rome Resources believe that the strong association of tin and copper mineralisation further supports our analogy with San Rafael in Peru which commenced operations as a copper mine before passing through a transition zone of tin and copper.”
View from Vox
It’s good to see the potential comparison with San Rafael, the major mine in Peru, being reiterated. This potential comparison was part of the draw when Rome Resources secured its London listing in the summer, and it’s good to see it holding up as meaningful as the drilling continues and more core is brought out of the ground. The real crunch moments will arrive when the assay labs have their say, but at this point there’s much to be encouraged about.