Rome Resources Expands Tin Operations with Exploration Option in New Brunswick, Canada
Rome Resources Plc has secured an option for 109 square kilometers of exploration land in New Brunswick, Canada, to expand its tin business. The option includes the Three Lakes and Schoullar Mountain projects, located near the Mount Pleasant deposit. The total consideration for the option is CAD$300,000 over four years, with Rome set to maintain operations at its Bisie North project in the DRC concurrently. The Canadian projects showcase potential for tin, tungsten, and indium, aligning with Rome's strategy for diversification.
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Rome Resources Plc has acquired an option for 109 square kilometers of exploration land in New Brunswick, Canada, to enhance its tin business. This includes the Three Lakes and Schoullar Mountain projects, close to the Mount Pleasant deposit.
The option involves a total cost of CAD$300,000 over four years. Three Lakes spans 75.3 square kilometers, with tin showings assayed up to 1.4%, while Schoullar Mountain covers 33.8 square kilometers. Rome aims to conduct surface sampling, geophysical surveys, and core drilling, while maintaining focus on its Bisie North project in the DRC. The Canadian move aligns with its strategy for diversification into critical minerals.
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