- Press Releases
TORONTO, ONTARIO, September 20, 2018, Romios Gold Resources Inc. ("Romios" or the "Company") (TSX.V-RG) (OTC-PK: RMIOF) (Frankfurt: D4R) today announced that geologists are on the company's Newmont Lake property for a program of detailed mapping and sampling on several new target types identified during the July 2018 exploration program. That work led to the recognition of elevated cobalt values (up to 2 pounds/ton) at several sites, fault-related, apparent epi-mesothermal Au-Ag-Cu mineralization along a major fault, and Bonanza-grade Cu-Au-Ag-(Co) values in late stage veins at 2 skarn showings. Elevated copper and gold values, up to 1.1 g/t Au and 0.18% Cu were also returned from the single sample taken from a very extensive series of late iron carbonate veins/carbonatized fault zones. These iron carbonate zones have not previously been systematically sampled, but will now be thoroughly sampled during the current program in order to determine their bulk tonnage potential.
In addition to work on the new targets identified in July, further mapping and sampling is planned on the Burgundy Ridge Cu-Au skarn in areas that were snow-covered in July with the goal of defining the full extent of the high-grade skarn zones and the more widespread lower-grade envelope of mineralization. Additional mapping and sampling is also planned to more fully delineate the multiple skarn horizons at the Ken-Glacier skarn zones and determine the most favourable sites for an upcoming drilling program. Additional background information, maps and photographs are posted at http://romios.com/s/Summer2018MapsPhotos.asp
The Company also announced that it has acquired by staking 17 claims covering 6,506 ha beginning 9 km northwest of Teck Resources-Newmont Mining Corp.'s Galore Creek porphyry Cu-Au deposits and 1.4 km west of Romios' existing JW Claim porphyry Cu-Au prospect. The new claims, JW1 to JW17, are underlain largely by granitic rocks of the Eocene Sloko-Hyder Plutonic Suite and Major Hart Pluton, as well as monzodiorite to gabbroic intrusions of the Early Jurassic Texas Creek Plutonic Suite. The latter suite is known to be associated with important vein deposits like the old Premier gold mine and the Sulphurets Au-Ag deposit in the Stewart-Iskut area.
Romios' Golden Triangle Area properties comprises 78,874 hectares (194,818 acres) and is located north of Pretium's Brucejack, Cu-Au, Seabridge's KSM, and Garibaldi's Ni-Co Discovery; a short distance west of Aben Resources' Forrest Kerr Gold Project; and south of Teck Resources-Newmont Mining's Galore Creek Project. The Newmont Lake Project is located approximately 15 km from infrastructure (power and road) and contains a NI 43-101 compliant resource of 1.4 million tonnes @ 4.43 g/t Au, 0.22% Cu, 6.4 g/t Ag at the North West Zone with over 20 other mineralized zones in the vicinity.
The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Consulting Geologist and VP-Exploration for Romios and a Qualified Person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper on its properties in the Golden Triangle area, northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100% interest in the Lundmark-Akow Lake property in Ontario, the LaCorne Property in Quebec and the Scossa Property in Nevada. It also holds a 2% NSR on the Hislop property in Ontario.
This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) email@example.com.
John Biczok, P.Geo., Consulting Geologist, (tel) 613-410-7877 or (email) firstname.lastname@example.org
Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) email@example.com.
You can view the Next News Releases item: September 24, 2018, Romios Signs Letter Agreement With Crystal Lake Mining To Option Its Newmont Lake Property
You can view the Previous News Releases item: September 10, 2018, Romios Discovers Apparent Epithermal-Mesothermal Style Mineralization Along Major Fault, Elevated Cobalt in Multiple Zones, And Bonanza Grade Veins Cutting Skarn Zones On Its Newmont Lake Project in the Golden Triangle Area, BC
You can return to the main News Releases page, or press the Back button on your browser.