LA COLORADA: Sonora, Mexico

MEXICO IN THE STATE OF SONORA: THE LA COLORADA BULK-MINEABLE GOLD-SILVER PROJECT

VIEW PDF August 2010--ROME'S LA COLORADA BULK-MINEABLE GOLD-SILVER PROJECT. Click: 100825rmrdetaillacoloradaweb

INTRODUCTION

Rome Resources Ltd. concentrates its exploration activities in Argentina and Mexico (Fig. 1). Emphasis is on acquisition and development of copper, tungsten, silver and gold properties. The main projects in Mexico are in Michoacan and in Sonora. Focus in Michoacan is on the Inguaran Valley Porphyry Copper-Tungsten Project, which is about 25 kilometers east of La Huacana and 50 kilometers east of the capital Morelia. Porphyry copper prospects in the San Isidro area of Michoacan are also held. Exploration in Sonora includes the: (i) La Colorada Bulk-Mineable Gold Project, about 40 kilometers east of the capital city Hermosillo, (ii) Los Muertos Bulk-Mineable Silver-Gold Project, about 80 kilometers southeast of Hermosillo, and (iii) Don Luis Bulk Tungsten-Gold Greisen-Porphyry Project, about 45 kilometers north of Hermosillo. This article reports on the La Colorada Bulk-Mineable Gold-Silver Project, which is centered about 40 kilometers east of the capital city Hermosillo in the State of Sonora, Mexico.

General information on exploration of these projects is available in News Releases, etc., that are available on SEDAR and at www.RomeResources.com; click “News”. Specifically, the web site gives detailed geological descriptions and assays from the main properties; click “Projects” and select project of interest. Additonal tables, maps, etc., detailing with property ownership, geology, geophysics, geochemistry and drilling also are available in Rome’s Annual Reports for 2006 and 2007; click “Annual Reports”.

fig01_0804projects.GIF
Figure 1. Rome’s exploration focus includes the: (i) Varvarco Gold Vein and Porphyry Project in Neuquen, Argentina, (ii) Inguaran Valley Porphyry Copper-Tungsten Project in Michoacan, Mexico, (iii) La Colorada Bulk Gold Project in Sonora, Mexico, (iv) Los Muertos Bulk Silver-Gold Project in Sonora, Mexico, and (v) Don Luis Bulk Tungsten-Gold Greisen-Porphyry Project in Sonora, Mexico.

PROPERTIES HELD & EXPLORATION TARGETS: LA COLORADA

Rome’s La Colorada Bulk-Mineable Gold-Silver Project (Table 1 & Fig. 1) exploration targets large, bulk-tonnage, open-pit gold and/or silver mines of disseminated or Carlin and/or manto types. Seven concessions totaling about 23,340 hectares have been obtained by direct staking by Roma Recursos de Mexico, S.A. de C.V., a wholly owned subsidiary of Rome Resources Ltd. (Table 1). These claims, centered near the village of La Colorada (Fig. 2), are about 40 kilometers southeast of Hermosillo, capitol for the State of Sonora. These concessions strategically surround the historically important but recently deactivated La Colorada Gold Mine (excluded area around the village of La Colorada in Fig. 2). A number of significant gold showing are known on the properties claimed. In addition, regional geochemical sampling has indentified areas for follow-up.

TABLE 1. Properties totaling 23,340 hectares (Fig. 2) in the La Colorada Bulk-Mineable Gold-Silver Project held by Roma Recursos de Mexico, S.A. de C.V., a wholly owned subsidiary of Rome Resources Ltd.

CONCESSION NAME COMPANY AREA HECTARES
LA COLORADA ROMA 4,153.0
LA COLORADA 1 ROMA 8,853.6
LA COLORADA 2 ROMA 5,691.0
LA COLORADA 3 ROMA 1,617.0
LA COLORADA 4 ROMA 148.0
SANTO NINO ROMA 1,200.0
TOTAL 21,662.6

fig02_0804lcl.gif Figure 2. Rome’s La Colorada Bulk-Mineable Gold-Silver Project that is centered around the village of La Colorada (purple) in Sonora, Mexico. Claim holdings are detailed in Table 1.

FUTURE DEVELOPMENT ON THE LA COLORADA BULK-MINEABLE GOLD-SILVER PROJECT

Ongoing exploration on Rome’s La Colorada Bulk-Mineable Gold-Silver Project involves: (i) regional geochemical grids that sample mainly silts from gulleys and soils which look anomalous, and (ii) detailed grids in areas of known gold showings. As anomalous areas of interest are defined these will be surveyed, as appropriate, by geological, rock geochemical and geophysical methods. Drilling will follow target definition.

QUALIFIED PERSON & CAUTIONARY NOTE

Colin I. Godwin, PhD, PEng, PGeo, is a Professor Emeritus of the Department of Earth and Ocean Sciences. He is President and Director of the Rome Resources Ltd., and is a qualified person as defined in National Instrument 43-101. He has verified the technical data disclosed in this description of the La Colorada Bulk-Mineable Gold-Silver Project.

Rome Resources Ltd. is in the process of exploring its resource properties and has not yet determined whether the properties contain minerals or mineral reserves that are economically recoverable. The recoverability of the amounts shown for resource properties and any related deferred costs is dependent on the existence of economically recoverable mineral reserves, and the ability of Rome to obtain the necessary financing to complete the development and future profitable production from the properties or proceeds from the disposition thereof.

© Copyright 2011 Rome Resources Ltd. All rights reserved.