In order to exercise its initial option (the "Initial Option") to acquire a 51% interest in the Property, Riverside Mexico must complete at least $3,000,000 worth of exploration expenditures on the Property by March 2, 2015.
Trenching in the northern La Patria area on the La Colorada - Esmeralda Gold Grid is awaiting surface access permission from the rancher holding the surface rights. This work will await the New Year.
All trenches are being sampled at about five meter intervals. The geochemical results from these samples will help to optimize the location of reverse circulation drill holes.
The underground gold mine at La Patria clarified the local framework structures. However, during mapping underground there we were challenged and had to back off from a very large rattlesnake!
One reverse circulation hole was enlarged for the first 30 meters with a large diameter tricone bit to serve as a water well for the ranchers. This was particularly welcomed by them because there was generally no water available in this remote part of their ranch, which limited the ability to graze cows in this area.
Gravity separation is important at Don Luis because of the value of the heavy gold, tungsten and lead minerals at the property. Heap leaching with cyanide is important because it will likely be the main method or silver and gold recovery at Don Luis.
We are seeking permission from several ranchers to do trenching and drilling on the La Colorada-Esmeralda Property. In the coming week an application will be submitted to the governmental environment-access-permission granting SEMARNAT.
We attended and were able to interact directly and positively with both the President and the Sub-Secretary of the Sonoran government. I think that we were the only mining group present, and my sense is that this was an appreciated and important communication effort on our part.
Rome Resources' acquisition of the Prospector II Reverse Circulation Drill is particularly vital on the Don Luis property due to silver results from diamond drilling.
Rome Resources director Reiner Specht, an accountant, visited Hermosillo, Sonora, this week. The main objective of his visit was to coordinate accounting procedures between Mexico and Canada.
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