Projects in 
Argentina and Mexico

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• ARGENTINA URANIUM PROJECTS
• ARGENTINA GOLD-SILVER PORPHYRY PROJECTS AT VARVARCO
• Varvarco Gold-Silver Vein and Porphyry Property
• Slides: Varvarco Gold Vein and Porphyry Property

• MEXICAN LA HAUCANA PORPHYRY COPPER PROJECT
• Inguaran Porphyry Copper Property
• Slides: 2004 Diamond Drill Plan for the Inguaran Porphyry Copper Camp

• SLIDES: SUMMARY (2006) OF ROME'S EXPLORATION IN ARGENTINA & MEXICO

Rome Resources Ltd. (RMR) is exploring and developing mineral properties in Argentina and Mexico. Rome has not yet determined whether these properties contain minerals or mineral reserves that are economically recov- erable. Economics of resource properties held are dependent on the definition of econ- omically recoverable mineral reserves, the ability to obtain the necessary financing for development, and future profitable production from the properties--or the proceeds from the disposition thereof.

ARGENTINA URANIUM PROPERTIES  ~top~

Rome Resources Ltd. has obtained 16 concessions totaling about 119,123 hectares for uranium exploration in La Rioja and San Luis provinces of central Argentina. These new concessions for uranium prospecting are located generally in Figure 1; they are detailed in Table 1 and News Releases. The concessions have varied geological settings and surround a variety of uranium, and locally, rare earth element and copper showings. However, the majority of area claimed is related to the important Carboniferous to Permian Panganzo Basin outlined in Figure 2. This figure also locates major known uranium and rare earth – thorium deposits in this part of Argentina.

Figure 1. General locations of Rome properties in La Rioja and San Luis Province, northern Argentina. Rome’s properties, from north to south, are in the following districts (Table 1): Sanogasta (SAN), Malanzan and Olta (MAL & OLT), Chepes (CHP), Santa Rosa (SRS), Quines District (QUN), and La Suiza (LSZ). Sixteen concessions total about 119,123 hectares.

TABLE 1. Sixteen Uranium Concessions (Totaling 119,123 Hectares) Recently Obtained by Rome Resources Ltd.

The majority of uranium exploration in Argentina has been focused within Jurassic to Cretaceous basins, one of which is outlined in Figure 2. However, the Carboniferous – Permian Paganzo continental basin in Figure 2, within which much of Rome’s properties are located, is also very significant. Specifically it: (i) has an area greater than 200,000 square kilometers, (ii) hosts a major roll-front past producing uranium mine called Los Colorados, and (iii) has a source terrane that consists of markedly “hot” uranium-rich granites, gneisses and pegmatites. The sandstone and conglomerate that comprise most of the basin are generally permeable and variably oxidized. Water, in part guided by an underlying unconformity with metamorphic, granitic and pegmatitic basement, has coursed through the basin. Organic-rich sediments are associated with a number of known uranium showings. Underlying unconformities with basement rocks provide guides to migrating fluids, and possibly, local traps. Several paleo-river-channels are known to host uranium showings. Two of them, at Malanzan/Olta and Chepes (Table 1), have been acquired by Rome and cover more than 80 kilometers of paleo-river-channel.

Uranium exploration in central Argentina offers opportunities for discoveries of new uranium mines. Rome Resources Ltd. with a portfolio of 16 concessions totaling almost 120,000 hectares is in a strong position for ongoing exploration.

Figure 2. Uranium concessions (red stars) held by Rome Resources Ltd. in Central Argentina. Most ground held is in Carboniferous to Permian sandstone and conglomerate of the Paganzo Basin (bright green outline). The Jurassic – Cretaceous basins (dark green outline) are Important elsewhere in Argentina as host to uranium deposits.

ARGENTINA GOLD-SILVER AT VARVARCO  ~top~

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• Varvarco Gold-Silver Property
• Varvarco Slide Presentation

Argentina properties are all are held by Rome with 100% interest in the mineral rights. The major property held is the Varvarco gold-silver property in central- western Argentina in the northern part of Neuquen Province.

No major work was conducted by Rome in 2001. But in 2002 a geochemical survey of Auque Cap, Auque Breccia and Santos areas, presented below, provided the impetus for a major geophysical and geochemical exploration program that was conducted in December 2003 and January 2004. Three areas at Varvarco are drill ready. Description of the Varvarco property follows.

Varvarco Gold-Silver Property  ~top~

The Varvarco gold-silver & porphyry property is located in the northern part of Neuquen Province in central-western Argentina (Fig. 1, below). The property, totaling 28,600 ha in six cateos, lies in Permo-Triassic volcanic-intrusive terrane within a major north-south trending regional structure that is host to several precious and base metal deposits. These deposits include: (i) the Butalon Norte bulk tonnage porphyry copper-gold target, previously evaluated by Placer Dome, about 10 km south of Varvarco, and (ii) the Andacollo gold mine, about 45 km south of Varvarco.

The overall structural setting--in association with the widespread distribution of high-grade gold-silver quartz systems, areas of stockwork veining and alteration--attest to the existence of an underlying large, intrusive driven gold-bearing hydrothermal, mineralizing system. Three areas that require exploration evaluation by drilling and/or trenching have been identified on the Varvarco gold-silver property (Fig.1, below). These are (Fig. 2): (i) Santos Gold-Silver Vein System (Figs.2 and 3), (ii) Auque Pipe Breccia Gold Area (Figs. 4 and 5), and (iii) Auque Cap Porphyry Copper-Moybdenum-Gold Target (Figs. 6 and 7).


Figure 1. Location (left) of the Varvarco gold-silver property in central- western Argentina and occurrence of three significant prospects (right) to be evaluated on the Varvarco property (outlined in purple):Santos , Auque Breccia Pipe and Auque Cap.

The Santos high-sulphide quartz gold-silver vein system is situated in the south-central part of the Varvarco property (Fig. 1). The mineralization consists of pyrite rich quartz veins. A panel and a grab sample yielded 20.80 g/t gold and 47.68 g/t gold, respectively. In addition, other grab samples have yielded gold values to 160.96 g/t gold (4.69 oz/ton gold) and more than 200 g/t (more than 5.83 oz/ton) silver.

Figure 2.Santos gold vein system. Left picture, looking southeast, shows old working within anomaly A (Fig. 3). The right picture shows the massive pyrite associated with gold from anomaly B (Fig. 3).

The Santos area (Fig. 1) was evaluated in November-December 2003 as part of a US$100,000 program on the Varvarco Property. Survey results, combined with previously obtained information, follow.

The area is generally covered with soil. As a result of this, and because of encouraging earlier results, a regional grid with lines generally 200 m apart and stations at 50 m was established over an area 1.4 km long grid north by 1.25 km wide grid east (Figs. 3 to 6).

Geological setting of the Santos property is poorly known because of the general cover of  soil. However, the southern part of the grid is at a lower elevation and is characterized by andesite that crops out in canyon exposures. Crudely columnar felsic ignimbrite forms sparse outcrops to the north of the andesite in the southern half of the gridded area, which is at higher elevation. A few outcrops in the northern half of the gridded area consist of fine-grained granite. Porphyritic felsic and nonmagnetic dykes parallel the two known areas of showings.

The following details of the recent surveys over the regional grid are presented below for the Santos area:

• Magnetometer survey with data reduced to the pole (Fig. 3)
• VLF geophysical survey (Fig. 4)
• Gold geochemistry in soils (Fig. 5)
• Arsenic geochemistry in soils (Fig. 6)
  

Figure 3. Magnetometer map with data reduced to the pole for the Santos area was made by Quantec Geoscience Argentina S.A. The high magnetic values along the southeast border of the grid probably reflect andesite rocks that underlie felsic ignimbrites across the east-west central part of the grid. The north trending magnetometer high might represent a mafic dyke; but this was not 
identified in the field.

Figure 4. VLF geophysical profiles across the Santos area were obtained by Quantec Geoscience Argentina S.A. There is complexity in the geophysics that generally matches, and extends beyond, areas of known mineralization.

Figure 5. Soil geochemical gold values in the Santos area. Analyses were done by Pioneer Laboratories Inc, of Richmond, BC. The two clusters of known showings are (i) in the center of the southeast half of the grid, and (ii) about 300 m northeast of the center of the southwestern side of the grid. The anomalies within 100 m of the southeastern side of the grid are new and not know to be associated with previous workings or showings.

Figure 6. Soil geochemical arsenic values in the Santos area. Analyses were done by Pioneer Laboratories Inc, of Richmond, BC. The arsenic anomalies closely follow the gold anomalies of Figure 5 but are more extensive. Of specific interest is the northwest trending anomaly over the main Santos showings. This anomaly starts near the middle of the southeastern edge of the grid and trends northwest for more than 1,000 m.

Interpretation at this time is preliminary and based on field copies of the geophysical surveys. However, the following positive features of the Santos area are apparent from Figures 2 to 6:

• The area is near the southern part of the major satellite-visible circular structure in Figure 2
• The magnetometer survey data in Figure 3 reflects bedrock geology in a general 
  way, but is not demonstrably related to known or implied vein gold mineralization
• The VLF geophysical data complexity identify know areas of veining and show that some of these vein systems can be extrapolated along northwestern trends
• The gold geochemical soil data in Figure 5 identify: (i) known showings, and (ii) several areas where gold veins have not been suspected
• The arsenic geochemical soil data in Figure 6 reflects areas of gold mineralization, but the arsenic anomalies are more extensive than the gold anomalies. This indicates that some of the vein systems could be larger than apparent from old surface workings. Specifically, the main Santos vein system has an apparent strike length of more than a kilometer—judging from the length of the arsenic anomaly.

Santos area has the potential for discovery of several high-grade gold-silver vein deposits. The surveys completed and reported here are relatively wide spaced for gold veins of the type explored for in this area. Further detailed gridding and hand trenching might be required in some areas to better define drill targets.

Auque Breccia Pipe Gold Area is an oval 1.5 km long by 0.5 km wide zone of gold-bearing hydrothermally altered and pyritic volcanic rock and breccia, which occurs in the central part of the Varvarco property (Figs. 1, 4 and 5). The area is clearly defined on the satellite image of Figure 1 as a bleached zone along a portion of a remarkable 10 km diameter circular structure that dominates, and is centered within, the property (Fig. 1: dashed circular purple lines). The brecciation (Fig. 7, left) and illitic bleaching (Fig. 7, right) that characterizes Auque Breccia Pipe might indicate that hydrothermal boiling occurred at depth. Such boiling zones can be associated with bonanza-grade gold zones; alternatively, these features may reflect a large porphyry copper-molybenum-gold system at depth. Open pit opportunities might occur near the surface.

Figure 7. Auque breccia pipe. Left picture, looking west, shows prominent breccia clasts, from site A. Right picture, looking south, is of illitic altered rock that yielded about 0.5 g/t Au and is from site B.

 The Auque Pipe Breccia area was evaluated in November-December 2003 as part of a US$100,000 program on the Varvarco Property. The following details  are presented below for the Auque Breccia area:

• Geology (Fig. 8)
• Induced polarization gradient array chargeability survey (Fig. 9)
• Gold geochemistry in soils (Fig. 10)
• Copper geochemistry in soils (Fig. 11)

Figure 8. Geology of Auque Breccia area consists of andesite overlain by rhyolitic ignimbrite. Major breccias include two in andesite (northwestern and northeastern parts of the grid) and one in the rhyolitic ignimbrite (center of grid).

Figure 9. Induced polarization (gradient array) chargeability anomalies in the Auque Breccia area obtained from a survey by Quantec Geoscience Argentina S.A. The main chargeability anomaly coincides with the northwestern breccia in the andesite (Fig. 8). The less intense central chargeability anomaly coincides with the central gold anomaly (Fig. 10) in the area of the breccia in the rhyolitic ignimbrite (Fig.8).

Figure 10. Soil geochemical gold values in the Auque Breccia area. Analyses were mainly by Acme Laboratories Inc., Vancouver, BC. Values in rock chips  locally are in the 0.5 g/tonne range. The western part of the grid-north anomaly coincides with breccia in the andesite (Fig. 8) and the main chargeability anomaly (Fig. 9). The central gold anomaly is in the area of the breccia in the rhyolitic ignimbrite (Fig. 7).

Figure 11. Soil geochemical copper values in the Auque Breccia area. Analyses were by Acme Laboratories Inc., Vancouver, BC. Molybdenum in soils yields a similar pattern of anomalies. The western part of the grid-north anomaly generally coincides with breccia in the andesite (Fig. 8) and the main chargeability anomaly (Fig. 9).

The following positive features of the Auque Breccia area are apparent from Figures 1 and 7 to 11:

• The area is on a major satellite-visible circular structure (Fig. 1)
• The geology map (Fig. 8) identifies andesite overlain by felsic ignimbrite and three major areas of brecciation (two breccia bodies in the andesite and one in the rhyolitic ignimbrite)
• The major induced polarization chargeability anomaly in Figure 9 is underlain by one of the major andesite breccia bodies (Fig. 8) and the western part of the main gold and copper anomalies in Figures 10 and 11
• The grid-northeastern part of the gold geochemical anomaly in Figure10 is not expressed by a chargeability anomaly; but in the central-southern part of the grid a moderate gold anomaly is generally coincident with the major breccia in the rhyolitic ignimbrite (Figs. 7 & 8) and a moderate chargeability anomaly (Fig. 9)
• The western part of the copper anomaly in Figure 10 is underlain by the main chargeability anomaly in Figure 8 and the major breccia within andesite.

Auque Breccia area has potential for either a bulk tonnage low-grade gold deposit or a porphyry copper-molybdenum-gold deposit. Detailed interpretation is ongoing. Further details will be released following: (i) receipt of detailed and modeled geophysical results, and (ii) mineralogical alteration studies. The surveys completed and reported here are sufficient to target drill holes.

Auque Cap Porphyry Copper-Molybdenum-Gold Target is about 2 km east of Auque Breccia area (Figs. 1, 6 and 7). The most intense alteration consists mainly of pyrophyllite (confirmed by X-ray diffraction and PIMA analyses), but local zones of somewhat unique intense blue dumortierite occur. Brecciated chalcedonic silica, peripheral to the central alteration, is anomalous in copper (Fig. 7: sample labeled “float”).

Figure 12. Pyrophyllite alteration zone capped by pyroclastic volcanic rocks (top-looking south). Alteration (bottom) is dominantly pyrophyllite (white) with local dumortierite (blue).

The Auque Cap area (Fig. 1) was evaluated in November- December 2003 as part of a US$100,000 program on the Varvarco Property. Auque Cap, about 2 km east of Auque Breccia Pipe (Fig. 1), is an area marked by intense alteration. The most intense alteration consists mainly of pyrophyllite but local zones of intense blue dumortierite were noted. The alteration is commonly anomalous in copper, molybdenum, and locally, gold. Coupled with the boron content of the dumortierite, these anomalous elements might indicate a magma source at depth. Thus, although the pyrophyllite-dumortierite breccia alteration that characterizes Auque Cap is somewhat unique, it might be similar to the near surface altered breccia that marks the top of the Island Copper porphyry copper-molybdenum-gold mine on Vancouver Island, British Columbia. Consequently, the alteration and anomalous geochemical suite might represent the upper expression of a porphyry copper- molybdenum-gold deposit.

The following details of the recent survey are presented below for the Auque Cap area:

• Geology (Fig. 13)
• Induced polarization pole-dipole pseudo-sections (Fig. 14)
• Gold geochemistry in soils (Fig. 15)
• Arsenic geochemistry in soils (Fig. 16)
• Copper geochemistry in soils (Fig. 17)
• Lead geochemistry in soils (Fig. 18)

Figure 13. Geology of Auque Cap area consists of andesite (green) that is unconformably overlain by felsic tuff (purple) and rhyolitic ignimbrite (yellow). The unconformity is marked by silica-pyrophyllite-dumortierite alteration (red).

Figure 14. Induced polarization (pole-dipole) pseudo-section anomalies obtained on the Auque Cap area from a survey by Quantec Geoscience Argentina S.A. The three profiles (north is to the right), from top to bottom, are for resistivity, chargeability and metal factor. The upper box of  sections is for Line 1200 east and the lower one is for Line 1400 east. All lines were surveyed with induced polarization and all lines have chargeability anomalies. The main chargeability anomaly in the above profiles is represented by a strong pant leg indicating a north-dipping sulfide source. At surface this chargeability anomaly is represented by anomalies in gold, arsenic and copper (Figs. 15 to 17). Pseudo-sections for all five lines (10000 east to 10800 east, e.g. Fig. 13) have chargeability anomalies.

Figure 15. Soil geochemical gold values on Auque Cap area that are generally coincident with arsenic (Fig. 16) and copper (Fig. 17) soil geochemical anomalies. The northern and western anomalies are underlain by intense silica-pyrophyllite-dumortierite alteration.

Figure 16. Soil geochemical arsenic values on Auque Cap area that are generally coincident with gold (Fig. 15) and copper (Fig.17) soil geochemical anomalies. The northern and western anomalies are underlain by intense silica-pyrophyllite-dumortierite alteration.

Figure 17. Soil geochemical copper values on Auque Cap area that are generally coincident with gold (Fig. 15) and arsenic (Fig. 16) soil geochemical anomalies. Molybdenum in soil yields a similar pattern. The northern and western anomalies are underlain by intense silica-pyrophyllite-dumortierite alteration.

Figure 18. Soil geochemical lead values on Auque Cap area. Anomalous areas are generally peripheral to those of gold (Fig. 15), arsenic (Fig. 16) and copper (Fig. 17).

The following positive features for Auque Cap are apparent from Figures 1 and 12 to 18:

• The Auque Cap area is on a major satellite-visible structure (Fig. 1)
• The geology map (Fig. 13) identifies a major area of locally brecciated 
  silica-pyrophyllite-dumortierite alteration that occurs on an unconformity between underlying andesite and overlying felsic tuff and rhyolitic ignimbrite
• The major thick part of the alteration at the unconformity is extensive, about 1,000 meters north-south and 500 meters east-west
• The brecciated pyrophyllite-dumortierite alteration is similar to alteration over the major porphyry copper-molybdenum-gold Island Copper mine on Vancouver Island, British Columbia
• The major induced polarization chargeability anomaly in Figure 14 is marked by soil anomalies in gold, arsenic and copper (Figs. 15 to 17)
• The soil lead anomalies are generally peripheral to the soil anomalies in gold, 
  arsenic and copper
• The metal associations in the soil geochemistry, particularly the gold and copper 
  with peripheral lead, is characteristic of porphyry deposits
  Auque Cap area has potential for a porphyry copper-molybdenum-gold deposit.

Geochemical analysis of samples from Auque Cap, shown in Figure 17, are locally anomalous in copper, molybdenum, and locally, gold. Analyses were done by Acme Analytical Laboratories Ltd., Vancouver, BC, Canada. Coupled with the boron content of the dumortierite, these anomalous elements might indicate a porphyry copper-molybdenum-gold target at depth. The absence of markedly strong values in metals may be a function of this type of alteration (e.g. the pyrophyllite- dumortierite breccia at the Island Copper Mine on Vancouver Island, BC, Canada, has similarly low geochemical values, but is immediately above the copper-molybdenum-gold ore in this major porphyry deposit). The area north of Auque Cap, extends toward the remarkable and prospective circular structure immediately north of this occurrence (Fig. 1).

The surveys completed and reported here are sufficient to target exploratory drill holes.

SLIDES: VARVARCO GOLD VEIN & PORPHYRY PROJECT  ~top~

Varvarco, an exciting gold project in central-western Argentina, is being explored by Rome Resources Ltd.  for gold in veins and porphyry style breccia bodies. Details on the property are available in the slides below and/or can be reviewed in Varvarco Gold-Silver Property, above.

Click slides individually and return with back arrow:

SLIDE 1: ROME	2: TRAPICHE	3: AREA	4: MIN. AREAS
5: MIN. AREAS	6: AUQUE PIPE	7: AUQUE PIPE	8: AUQUE PIPE
9: AUQUE PIPE	10: AUQUE PIPE	11: AUQUE PIPE	12: AUQUE CAP
13: AUQUE CAP	14: AUQUE CAP	15: AUQUE CAP	16: SANTOS
17: SANTOS	18: SANTOS	19: SANTOS	20: OTHER
21: OTHER	22: SUMMARY	23: ROME	SLIDE 24-END

MEXICAN LA HUACANA PORPHYRY COPPER PROJECT

Inguaran Porphyry Copper Property

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Mexican mineral properties held by Rome are in  Michoacan state in central-western Mexico. Prop- erties  held by Rome includes the Inguaran property (100% interest in 5,867 ha).

Detailed descriptions of the Inguaran Valley properties follow a general description of the geological setting of the area.. 

The  Inguaran area totals 6,512 Ha and is generally located in Figures 1, 2 and 4. La Huacana, the principal city that conveniently services the area, is about 300 km west-southwest of Mexico City and 110 km south-southwest of Morelia (Fig. 2).

The interest in the La Huacana area by Rome is reflected by its recent, extended expenditure on the Inguaran porphyry copper-silver-gold-tungsten prospects of US$80,000 on geophysics, geochemistry and mapping . This followed an original expenditure on surveys of US$40,000 late in 2003 plus additional costs for property acquisition.

Geological features in the area held by Rome Resources Ltd. that are relevant to the discovery of a major porphyry copper type deposit include (Fig. 2):

• Location within the Michoacan Copper Belt defined by major showings in Figure 1 (numerous minor showings are not shown; deposits that were mined significantly or have estimated potential include: Inguaran, La Verde and San Isidro)

• Proximity of Rome’s properties to an abyssal fault defined here and shown in Figure 1 (e.g. such abyssal faults have been demonstrated to be significant in the location of world-class porphyry copper deposits along the West Fissure in Chile)

• Central location of the Inguaran area within the quartz monzonite core (blue in Fig. 1) of the Inguaran batholith (orange in Fig. 2) may be an important exploration parameter (e.g. central location within a batholith is a key parameter for the world-class porphyry deposits in the Highland Valley of British Columbia)

• Major copper showings with geophysical, geochemical and geological characteristics of major porphyry copper deposits on both properties (see Press Releases of March 29th and 31st 2004)
  

Figure 2. Porphyry copper properties held by Rome Resources Ltd. (6,512 Ha) within the Michoacan Copper Belt, Michoacan Province, central-western Mexico. La Huacana is about 300 km west-southwest of Mexico City and 110 km south-southwest of Morelia. The Inguaran and San Isidro properties (generalized by a green oval and a green circle, respectively) are centered in the lower Tertiary Inguaran and San Isidro batholiths. The property is related spatially to an abyssal fault. The central location of porphyry style mineralization within the Inguaran batholith and the proximity to the abyssal fault are considered to be particularly significant.

Some of the features described in Figure 1 rely on unique interpretations of the geology, presented here for the first time, as follows:

1. Definition of the abyssal fault is also supported by the 1983 mapping on Carta Geologica Ciudad al Tamirano (E-14-4) that shows: (i) right hand displacement of the northeast half of the Inguaran batholith, which is most obvious in the southeastern part of the batholith, and (ii) major faults within the volcanics extending southeastly from the southeastern part of the batholith. The strong lineament marked by the main valley and road through the Inguaran batholith and a corresponding linear on satellite imagery further supports this fault. Additionally, the sheeted vein structures that characterize part of the porphyry style copper mineralization at the Manga porphyry copper deposit parallel this structure, and an on-trend fault is clearly exposed in a gravel pit near a small place called Coruca.

2. Central location of the Inguaran area within a quartz monzonite core to a differentiated Inguaran batholith is supported by mapping presented by A. Osoria, N. Leija and R. Esquivel in their figure 2 (Economic Geology of the Inguaran Mining District, Michoacan, in “The Geology of North America”, Vol. P-3, Economic Geology, Mexico, The Geological Society of America, 1991, pp. 365-368).

Particularly significant to the exploration of the porphyry copper-silver-gold- tungsten prospects of Rome Resources Ltd. is their location: (i) within a well known copper belt, (ii) near the center of a differentiated batholith, and (iii) close to or on a previously unrecognized abyssal fault system.

Inguaran Valley  ~top~  

Rome Resources Ltd. holds 5,867 hectares in the Inguaran Valley area, which is located in Figures 1, 2 and 4. The Inguaran Mine is in a small block of ground north of the town of Inguaran in Figure 4 that is within the Rome property. In the 1970's to early 1980's, Asarco mined this copper-silver-tungsten breccia pipe deposit from underground and produced over 10 million tonnes averaging 1.2% copper (120,000 tonnes or 265 million pounds of copper). Their plant operated at 3,000 tonnes per day with a 90% to 95% rate of recovery. It yielded a concentrate with 45 g/t - 50 g/t) silver (1.31 - 1.45 oz/t silver). An estimated reserve of 3.0 million tonnes of similar grade material remains.

The following outlines the detailed results of geophysical and geochemical programs conducted by Rome Resources Ltd. on the Dos Cerritos and La Manga anomalous areas. Geophysical surveys were by Pacific Geophysical Ltd. The Geochemical analyses were by Pioneer Laboratories Inc and ALS Chemex.

The Dos Cerritos and La Manga anomalies are the most significant ones found in the programs during October – November 2003 (US$40,000 program) and February – March 2004 (US$80,0000 program). Six anomalous areas, including these two, were identified in the area explored. These two anomalies are most clearly defined by the geophysical chargeability response (Fig. 5 and representative pseudo-sections in Fig. 8). Copper and silver (Figs. 6 and 7) are coincidently anomalous with the chargeability anomalies. A number of other metals (e.g. molybdenum, mercury and arsenic, and locally, gold) are also anomalous in similar areas.

Both the Dos Cerritos and the Manga anomalies are marked by locally exposed copper showings. The copper showings that were analyzed are plotted in Figure 5 and the values obtained are listed in Table 1. Significant copper averages for both of these areas were obtained. Dos Cerritos yielded 1.02% copper over 22.0 continuous meters sampled from an exposure near the northwest end of the anomaly (Fig. 5). Manga yielded 0.96% copper over 6.0 continuous meters sampled at the Creek Showing and 0.55% copper over the 4.0 continuous meters sampled at the road showing (Fig. 5). Table 1 also indicates that silver, gold and tungsten (partial analyses) values are significant locally.

Figure 4. Property held by Rome Resources Ltd. (left-slashed purple area of 5,867 Ha) is centered within the lower Tertiary Inguaran batholith, Michoacan Province, central-western Mexico.


Figure 5. Copper in rock and chargeability anomalies at five separations (n = 5, plus projected average of n = 4 and n = 6). Representative pseudo-sections are in Figure 8.

Figure 6. Copper in soil.

Figure 7. Silver in soil. 

TABLE 1. Rock Analyses from Dos Cerritos and Manga Copper Showings. (Tungsten analyses are partial only; all chip samples are continuous over the interval sampled; NA = not analyzed.)

The large size of the geophysical chargeability anomalies, their coincidence with the soil geochemical anomalies (Figs. 2 to 4) and the grades from the copper showings (Table 1) indicate that the area surveyed might host several major copper + silver + gold + tungsten porphyry deposits.

 

Figure 8. Representative pseudo-sections for the induced polarization chargeability shown in Figure 5.

SLIDES: 2004 DIAMOND DRILL PLAN FOR INGUARAN PORPHYRY COPPER, MEXICO

 ~top~

The Inguarna Porphyry copper property, an exciting  project in central-western Mexico in the state of Michoacan, is being explored by Rome Resources Ltd.  The following slides detail the geology and targets as known in the fall of 2004, just before the drilling program from October to December began. The setting of the geology, geophysics and geochemistry is still relevant. Results of the drilling are detailed in the slides below and/or can be reviewed in Inguaran Porphyry Copper Property, above.

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1: INGUARAN	2: LOCATION	3: REGIONAL	4: PROPERTY
5: LEGAL POST	6: PANORAMA	7: MANGA	8: COPPER
9: SHEETING	10: CERRITOS	11: TRENCH	12: PHYLLIC
13: GEOCHEM	14: MAG	15: IP CHARG'	16: IP RESIS'
17: IP & DDH'S	18: IP PROFILE	19: IP INVERS'	20: IP INVERS'
21: DDH 3000M	22: SUMMARY

Rome Resources Ltd.  has uranium and gold exploration projects in Argentina, and porphyry copper and gold programs in Mexico. For an overview of Rome's activities  please view the slides below.

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SLIDE 1: ROME	2: ARGENTINA U	3: U CLAIMS	4: 17 U CLAIMS
5: LA REUNION	6: SN SEBASTIAN	7: MALANZAN	8: OLTA
9: CHEPES	10: SN ROSA	11: QUINES	12: LA SUIZA
13: U SUMMARY	14: VARVARCO	15: STRUCTURE	16: SHOWINGS
17: AUQUE BRXX	18: AUQUE CAP	19: SANTOS	20: DRILL READY
21: MEXICO	22: INGUARAN CU	23: CK SHOWING	24: DRILLING
25: DRILL MAP	26: 422M @ 0.82%	27: MINERALS	28: IP CHARG'
29: IP METAL FAC'	30: CU GEOCHEM	31: NEW HOLES	32: ING. SUM'
33: SONORA AU	34: CLAIMS	35: ARRASTRAS	36: CRESTON
37: GRAN CENT'	38: LA VERDE	39: SONORA SUM'	40: ROME SUM'