00:00
Paul Barrett
We don't really have all the assets yet, but you know, it's it's significant and it shows that this granite system in the southwestern part of New Brunswick is potentially a really big mineralization district.
00:23
Stephen
Hello, you're watching Proactive. I'm joined by Rome Resources CEO Paul Barrett. Paul, very good to speak with you. You've identified a 2.6 km tin bearing trend at Skyler Mountain. How significant is this discovery and what could lie at depth?
00:44
Paul Barrett
Yes, hi Stephen. Um, well, it it is very significant. I'll tell you why it's particularly significant is because we've we picked up with our partners there in New Brunswick, um a large area of this what is basically a an ancient volcanic caldera, which has on the western margin of it, has some proven tin and tungsten. It was an old tungsten mine. Uh but the tin is undeveloped mineralization and we're thinking, well, why isn't this mineralization developed all the way through the Caldera and it apparent looks like it is. So this is a very significant course breccia trend that trends all the way back to Mount Pleasant.
01:21
Paul Barrett
We don't really have all the assets yet, but, you know, it's it's significant and it shows that this granite system in the southwestern part of New Brunswick is potentially a really big mineralization district.
01:40
Stephen
Victoria Lake returned grades of up to 0.58% tin and 0.17% tungsten. What are you hoping to see in the outstanding assays, Paul?
01:55
Paul Barrett
Well, we're hoping to see more of the same. I mean, these are is interesting. So, Rob Murray, who's our geologist out there on the ground, you know, he's we're saying to him, you know, don't cherry pick samples. Um, you know, try and make them representative. So he's been doing that, which is why you're not seeing you know, these kind of stellar grades, people picking up a lump of cate and calling it 20% tin. We're actually pulping averaging across these grason veins and into the host country rock. So those are really good grades when you do that kind of um uh measurement of them. So, we're hoping for more of the same. Uh, we've got a lot of the greisens and the mineralized granite samples from Victoria Lake. A lot of the trenching as well. So we'll we'll see how that goes. It's just a conveyor belt of of assays that we're waiting for, really.
02:49
Stephen
You're taking full control of the 109 square km project, targeting drilling next year. What what are the next milestones where might you drill first, Paul?
03:06
Paul Barrett
Yes, we've we exercised the options. Uh, we picked up a little more ground as well at the same time, um, in response to what we've seen. So it is is probably closer to 140 km, square kilometers now. And then, um, we will be synthesizing all the all the results, the trenching results, the essays and working out a a strategy. and I think the drilling of some of these strong grason veins, the drilling of some of the quartz breccia, Stanight and cate veins, um, would be a good first step. and I you know, drilling costs in New Brunswick are very, very competitive. Um, so, you know, we could we could do quite a lot um in in the next next summer's season, basically.
03:57
Stephen
Now Paul, you have assets in both the DRC and Canada now. How does New Brunswick fit into Rome Resources' wider strategy?
04:09
Paul Barrett
Well, where it fits is really in the commodity because Tin, uh certainly as we know, in the DRC, we're sitting along trend from Alphamine, in the the highest grade Tin mine in the world. And it's a very strong uh Tin play and we're working that up. and, you know, hoping to come to a conclusion on on where we go next with that early next year. So that's commodity driven and grade driven. and that's exactly what New Brunswick is. and and the the added thing about Tin in somewhere like New Brunswick is there is absolutely no tin expertise in North America. Uh there really isn't. It's it's really surprising. And so, you know, we could bring that, the contacts that we have with the the Cornish um tin sector. You know, a lot of the stannite uh course brechia in Bolivia, for example, the the mineralogy or the metallurgy was cracked by by the Cornish um experts. So, you know, we bring as as the UK, effectively, um all this expertise to to New Brunswick. So it's not only the commodity, but it's the fact that we have a bit of a USP in that.
05:43
Stephen
Paul, you presented at the New Brunswick mining conference this week. Uh what sort of reception did you get and what was your key message to investors about the project's potential?
06:01
Paul Barrett
Yeah, it was a very good reception. Um, the actual presentation. I mean the the Minister of natural resources, you know, made made an effort to come and come and see the see the story. so, you know, we can't say more than that. We we have a very good relationship developing with them actually and there's a lot of people running around New Brunswick looking at gold projects, um, which I'm quite happy for them to do that because that deflects away from what we think with something like Tin and tungsten and Indium are um are really great value projects. So, yeah, it went really well actually. Uh yeah, I was I was pleased, pleased I went.
06:51
Stephen
Well, I hope you'll continue to keep us updated on uh progress across both projects. Good to speak with you today.
06:56
Paul Barrett
Okay, we'll do. Thanks, Stephen.
06:59
Stephen
That's Paul Barrett, the CEO of Rome Resources.