VIEW PDF August 2010–ROME OVERVIEW (CORPORATE, MEXICO & ARGENTINA). Click: 100825rmroverviewweb
VIEW PDF August 2010–ROME’S DON LUIS AG-AU-W GREISEN-PORPHYRY PROJECT, SONORA, MEXICO. Click: 100825rmrdetailsondonluisweb
VIEW PDF August 2010–ROME’S LA COLORADA BULK-MINEABLE AU- AG PROJECT, SONORA, MEXICO. Click: 100825rmrdetaillacoloradaweb
VIEW PDF August 2010–ROME’S LOS MUERTOS BULK-MINEABLE AG-AU PROJECT, SONORA, MEXICO. Click: 100825rmrdetaillosmuertosweb
CONTACT US
Web site: www.RomeResources.com
E-mail: info@RomeResources.com
OFFICES
Rome’s Registered Office is at: Thomas, Rondeau, Suite 1925 - 700 West Georgia Street, Vancouver, BC, Canada V7Y 1A1.
Rome’s Business Office is at: 205 - 16055 Fraser Highway, Surrey, BC, Canada V4N 0G2. Telephone: (604) 507-2181, Fax: (604) 507-2187.
PRESIDENT AND DIRECTOR
Dr Colin Godwin, Telephone: (604) 939-6507, Fax:(604) 939-7380, Email: cigodwin@yahoo.com
CORPORATE DATA
Rome Resources Ltd. [Rome] is incorporated in British Columbia. Rome has two wholly-owned subsidiaries, Roma Recursos de Mexico, S.A. de C.V. and Rome Nevada Inc., incorporated in the State of Nevada, U.S.A. Rome also is directly registered to conduct business in Argentina.
MAJOR PROPERTIES
Major holdings by Rome in Mexico and Argentina total more than 77,000 hectares. Major properties include: (i) the Inguaran Copper-Silver-GoldTungsten Porphyry Property in Michoacan [ 6,245 ha], (ii) the San Isidro Copper-Gold Porphyry Property in Michoacan [3,255 ha plus a disputed area], (iii) the Don Luis Silver-Gold-Tungsten Greisen-Porphyry Property in Sonora [30,300 ha], (iv) the Los Muertos Bulk-Mineable Silver-Gold Property in Sonora [2,700 ha], and (v) the La Colorada Bulk-Mineable Gold-Silver Property in Sonora [21,700 ha]. The major holding in Argentina is the Varvarco Gold-Vein and Gold-Porphyry Project [8,365 ha] in which the major prospects are: breccia and porphyry gold at Auque Breccia and Auque Cap, and (ii) pyrite-gold veins at Santos. The majority of Rome’s properties in Mexico and Argentina are held with 100% interest in mineral rights. Rome holds about 70,0000 hectares of concessions, of which only 300 hectares are held by option.
SHARE CAPITAL (TSX-V: RMR) AT JULY 2010
- Authorized: unlimited common shares without par value
- Issued and outstanding share capital: 16,567,001
- Stock Options Outstanding: 1,161,000 shares at $0.32
- Outstanding share purchase warrants: 1,600,000 exercisable at prices from $0.20 to $0.30/share and with expiry from Dec 2011 to sEPTEMBER 2014
- Fully diluted shares: 21,828,001
DIRECTORS & OFFICERS
- Colin I. Godwin, President and Director, Coquitlam, BC, Canada
- Hugh Squair, Director, Surrey, BC, Canada
- Reiner Specht, Director, Port Moody, BC, Canada
- James Harris, Corporate Secretary, Vancouver, BC, Canada
- Sheryl Jones, Chief Financial Officer, Surrey, BC, Canada
- Peter Rook-Green, Treasurer, Surrey, BC, Canada
OTHER DATA
- Industry Classification: Junior Natural Resource-Mining
- Date of Formation: 1990 November 04
- Governing Jurisdiction: British Columbia
- Issuer in BC and Alberta
- Accountant: R-G Management, Surrey, BC
- Auditor: Davidson & Company, Vancouver, BC
- Legal Counsel, BC: Mr. James L. Harris, Thomas Rondeau LLP, Vancouver, BC
- Legal Counsel, Argentina: Mr. Cosme Beccar Varela, Buenos Aires, Argentina
- Legal Counsel, Mexico: Ms Yvonne Avalos Cazares, Avalos y Abogados, S.C., Mexico City, D.F., Mexico
- Transfer Agent: Pacific Corporate Trust Company, Vancouver, BC
- Financial Year End: September 30
- Wholly owned Mexican subsidiary: Roma Recursos de Mexico, S.A. de C.V.
DIRECTOR & OFFICER PROFILES
President and Director of Rome: Dr Colin I. Godwin, (PhD, PEng [BC], PGeo [BC]) taught exploration for, and the geology of, mineral deposits at The University of British Columbia (UBC) from 1975 to early retirement in December 1999. In academia he specialized in field and laboratory studies of most types of deposits, including: kimberlite, skarn, porphyry, epithermal and volcanogenic deposits. Interpretation of lead isotopes in galena as related to mineral exploration was an academic focus. He has published more than one hundred papers, about thirty-five of them professionally adjudicated. In 1990 he received the prestigious Duncan R. Derry Medal from the Mineral Deposits Division of the Geological Association of Canada. Now a Professor Emeritus, Department of Earth & Ocean Sciences, UBC. Dr Godwin, a founding director of International Geosystems Ltd., became involved in the development of the GEOLOG System, one of the first computer based schemes for capturing and using data from exploration- development work, especially drill holes. With more than 40 years of exploration related experience he recently has conducted: (i) exploration programs in Mexico, Argentina, Yukon, Nevada, Nicaragua, Honduras and Costa Rica, (ii) drilling projects in Nevada and Mexico, and (iii) property examinations in Argentina, Mexico, Northwest Territories, Nevada, Costa Rica, Ecuador and India. He is also a director of another junior company on the TSX. Dr Colin Godwin may be reached at:
Godwin Consultants Ltd., 665 Gatensbury Street,Coquitlam, BC, Canada V3J 5G9
T: (604) 939-6507 (with voice mail),F: (604)939-7380, E: cigodwin@yahoo.com
Director of Rome: Dr Hugh Squair, PhD, PEng [ON] is a graduate of the Universities of Saskatchewan with a BA in geology and London, UK, with a PhD in mining geology. He has over 35 years of field, managerial and exploration consulting experience in the search for precious and base metals within North America and abroad. Dr. Squair has held senior exploration positions with Falconbridge Ltd., Selection Trust Group, Newmont Exploration of Canada, and has worked as a consultant to Kennecott Canada and Watts Griffis & McOuat Ltd., Toronto. He is also a director of other junior companies on the TSX. Dr Hugh Squair may be reached at:
1770 128 Street, Surrey, BC, Canada V4A 8V2
T: (604) 536-4501, E: squair@telus.net
Director of Rome: Mr Reiner Specht, is a management consultant and accountant. Specializing in small to medium sized companies, he provides consulting, taxation, accounting and computer services. Mr. Specht contributes on a voluntary basis to important community events, community associations and festivals. He was a member in the Port Moody Land Use Planning Committee and is an active participant in municipal politics. Mr Reiner Specht may be reached at:
129 April Road, Port Moody, BC, Canada V3H 3T4
T: (604) 469-8957, E: rspecht@shaw.ca
Corporate Secretary of Rome: Mr. James Harris is a corporate, securities and business lawyer with over 25 years experience in British Columbia and internationally. He has extensive experience with the acquisition and disposition of assets, corporate structuring and restructuring, regulatory requirements and corporate filings, and corporate governance. Clients have included public companies listed on the TSX Venture Exchange, the Toronto Stock Exchange, the OTC Bulletin Board and NASDAQ. Involved in a number of professional and community activities, Mr. Harris has been an instructor at the Professional Legal Training Course for articling students sponsored by the Law Society of British Columbia on the subject of corporate and securities law. Mr. Harris was also a Founding Member of the Legal Advisory Committee of the Vancouver Stock Exchange. Apart from his legal education, Mr. Harris has also completed a graduate course in business at the London School of Economics. Mr James Harris may be reached at:
Thomas, Rondeau, Business Lawyers, Suite 300 - 576 Seymour Street, Vancouver, BC, Canada V6B 3K1 T: (604) 688-6775 (ext. 230), F: (604) 688-6995, C(Mobile) 668-1479 E: jharris@thomasrondeau.com
Chief Financial Officer: Ms Sheryl Jones has approximately fifteen years of accounting experience working primarily for TSX-V listed companies. She is a native of Vancouver, BC For the last four years she has attended Simon Fraser University and Langara College through the Society of Management Accountants of BC. She may be reached at:
R-G Management Ltd.
Suite 205-16055 Fraser Highway
Surrey, BC, Canada V4N 0G2
Telephone: (604) 507-2181
Fax: (604) 507-2187
Email: shrylrgm@telus.net
Treasurer: Mr Peter Rook-Green obtained a Certified Management Accountant (C.M.A.) designation in 1971. Mr. Rook-Green has extensive experience (over forty years) as a financial executive in the resource industry. He served as financial officer and a director of Newmont Mining Corporation’s Canadian subsidiaries until 1989; director and chief financial officer of City Resources (Canada) Ltd. until 1990, a junior exploration-stage public company which traded on the Toronto Stock Exchange and on NASDAQ in the U.S.; and corporate controller, Royal Oak Mines Inc. until 1994, a public gold mining company trading on the Toronto and American Stock Exchanges. Since then Mr. Rook-Green has been president of Rook-Green Investments Inc. (doing business as R-G Management), a company providing business management, accounting services and regulatory filings for Vancouver-based public companies, and is treasurer of Rome Resources Ltd. He may be reached at:
R-G Management Ltd.
Suite 205-16055 Fraser Highway
Surrey, BC, Canada V4N 0G2
Telephone: (604) 507-2181
ROME RESOURCES LTD.’S MINERAL PROPERTIES IN ARGENTINA AND MEXICO
Rome Resources Ltd. concentrates its exploration activities in Argentina and Mexico, as shown in Figure 1. Emphasis is on acquisition and development of copper, tungsten, silver and gold properties. Rome controls more than 72,500 hectares. Rome holds more than 72,500 hectares of concession, of which only 300 hectares are held by option.
The main project in Argentina is the Varvarco Gold-Vein and Gold-Porphyry Project [8,365 ha] in the Province of Neuquen. The three main target areas (Auque Breccia, Auque Cap and Santos) are within and near the edge of a 14 kilometer diameter caldera structure, which is at the northern end of a regional belt of gold-silver mines and prospects.
The main projects in Mexico are in Michoacan and in Sonora. Focus in Michoacan is on the Inguaran Valley Copper-Silver-Gold-Tungsten Porphyry Project [6,245 ha], which is about 25 kilometers east of La Huacana and 150 kilometers east of the capital Morelia. San Isidro Copper Porphyry Prospects [3,255 ha + disputed area] are also held in this copper rich district. Exploration in Sonora includes the: (i) La Colorada Bulk Gold-Silver Project [21,700 ha], about 40 kilometers east of the capital city Hermosillo, (ii) Los Muertos Bulk Silver-Gold Project [2,700 ha], about 80 kilometers southeast of Hermosillo, and (iii) Don Luis Silver-Gold-Tungsten Greisen-Porphyry Project [30,300 ha], about 45 kilometers north-northeast of Hermosillo. Hermosillo is the capital of Sonora.
Figure 1. Rome’s exploration focus includes the: (i) Varvarco Gold-Vein and Gold-Porphyry Project in Neuquen, Argentina, (ii) Inguaran Valley Copper-Silver-Gold-Tungsten Porphyry Project in Michoacan, Mexico, (iii) La Colorada Bulk Gold-Silver Project in Sonora, Mexico, (iv) Los Muertos Bulk Silver-Gold Project in Sonora, Mexico, and (v) Don Luis Silver-Gold-Tungsten Greisen-Porphyry Project in Sonora, Mexico. More than 72,500 hectares are “reserved for discovery” by Rome in Argentina and Mexico.
Rome has a large property base on which to explore. All properties host significant prospects of commodities that are increasingly sought after and valuable, including: copper, tungsten, gold and silver. Most of the properties have drill-ready targets defined by geology, geochemistry and geophysics. Some have been drilled, but require additional drilling to establish reserves.
General information on Rome’s exploration projects are available in News Releases, etc., available at www.RomeResources.com (click “New”) and on SEDAR (click “Investors”). The web site has detailed geology, geophysics, geochemistry, drilling and assays from the main properties. Click “Projects” to obtain information for all major exploration.
FUTURE DEVELOPMENT
Ongoing exploration by Rome Resources Ltd. involves the following areas:
1. Varvarco Gold-Vein and Gold-Porphyry Project in the Province of Neuquen, Argentina: completion of drill access roads to the Auque Cap and Auque Breccia areas will facilitate drilling of these areas.
2. Inguaran Copper-Silver-Gold-Tungsten Porphyry Property in the State of Michoacan, Mexico: continued acquisition of related copper occurrences, and further evaluation of the extensive geochemical and geophysical database that has been acquired during exploration since 2003 will advance this property.
3. Sonora, Mexico: evaluation by trenching and drilling will continue on the: (i) La Colorada Bulk-Tonnage Gold-Silver Project, (ii) Los Muertos Bulk-Tonnage Silver-Gold Project, and (ii) Don Luis Silver-Gold-Tungsten Greisen-Porphyry Property. All of these projects have drill-ready targets defined by geology, geochemistry and geophysics.
Systematic regional prospect will continue. Much of this will be concentrated in properties already held.
QUALIFIED PERSON
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 technical data disclosed here.
CAUTION REGARDING MINERAL PROPERTIES
During 2005 and 2006, certain issues arose regarding title to certain of the San Juan claims (part of the San Isidro property in Michoacan, Mexico). At December 31, 2005 Rome wrote down the property to recognize impairment in carrying value. The claims that comprise this property include the San Juan, San Juan I and San Juan II. Rome optioned these properties from an arm’s length company in 1995 and complied with the terms of the option agreement, except that the Optionor refused to accept 10% of the shares of the Company’s Mexican subsidiary that was called for under the agreement. The arm’s length company has not transferred title to these claims to Rome, as was called for under the agreement. Rome continues to investigate these issues. Roma Recursos de Mexico S.A. de C.V., the Mexican subsidiary wholly owned by Rome Resources Ltd., hold the San Juan III and La Laguna concessions that surround the above disputed claims.
Rome 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.
INFORMATION ON COMPANY AND ON STOCK PRICES
SEDAR listing: http://www.sedar.com/100825rmrdetaillacoloradaweb100825rmrdetaillacoloradaweb1100825rmrdetaillosmuertosweb
Advice for Investors (MPL Communications Inc.): http://www.fin-info.com/


