20th Aug 2024 11:50
(Alliance News) - Rome Resources PLC on Tuesday said that drilling has identified visible tin mineralisation on its Kalayi prospect in the Democratic Republic of Congo.
Drillhole KBDD005 at Kalayi, located in the North Kivu province, was drilled down to a depth of 164.5 metres.
According to Rome Resources, visible coarse grained cassiterite - or tin mineral - was intersected in 3 narrow zones associated with quartz veining and silica flooding at 88.5 metres, 114 metres and 125 metres.
As such, the firm plans to complete the mobilisation of the second and third drill rigs to site this week.
"We are delighted to see visible tin mineralisation in several intervals in the first hole of this drilling campaign and look forward to reporting assays as soon as they become available. We are also pleased to be mobilising additional drilling units to site to maintain an aggressive drilling campaign over the coming weeks and months," said Chief Executive Officer Paul Barrett.
Shares in Rome Resources were trading 0.9% lower at 0.28 pence each in London on Tuesday morning.
By Holly Beveridge, Alliance News senior reporter
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