- Press Releases
TORONTO, ONTARIO - June 20, 2006 - The management of Romios Gold Resources Inc. ("Romios" or "The Corporation") (TSX VENTURE:RG) is pleased to announce that a detailed ground exploration program consisting essentially of soil and rock geochemistry, geological mapping and basic foot-prospecting has commenced on the Trek and Royce/Porc properties in the Galore Creek area of northwestern British Columbia. The program is under the supervision of Equity Engineering of Vancouver.
The properties are located in the Galore Creek area of northwestern British Columbia and lie within the large parcel of land which houses NovaGold Resources' Galore Creek deposits (13.75 million ounces of gold, 156 million ounces of silver and 12 billion pounds of copper.... as per the NovaGold website).
As previously reported (Press Release dated April 27, 2006) exploration work carried out during the period 1988 to 1990 consisting of grid-based geochemical and geophysical surveys, geological mapping and basic prospecting resulted in the discovery of a number of potentially important copper-gold occurrences on the Trek Property, identified as the Grey, Heel, West and Gully Zones. Grab samples collected across a width of 1.8 meters on the Grey Zone assayed 4.2% copper and 1.13 grams per tonne gold. A second sample across a width of 1.5 meters assayed 4.9% copper and 1.34 grams per tonne gold. A grab sample collected across a 5 meter width at the Heel zone assayed 1.1% copper, 7.6 grams per tonne gold and 117.0 grams per tonne silver. The West Zone occurs in very close proximity to NovaGold's Sphal Claims but extends onto the Trek Property where a single sample collected across 1.5 meters assayed 3.0% copper and 5.83 grams per tonne gold.
The only drilling carried out on the Trek Property was in 1993 when Warner Ventures Ltd. drilled 6 short holes into the Gully zone, a semi-massive sulphide shear vein system. Two of these holes intersected significant gold-copper mineralization but the lack of funds at the time prevented Warner from carrying out further drilling to evaluate the significance of this mineralization. Hole TRK93-1 intersected 10.4 meters grading 1.49% copper and 1.5 grams per tonne in gold and Hole TRK-93-4 intersected 6.0 meters grading 1.26% copper and 3.1 grams per tonne in gold. Surface chip samples of massive pyrrhotite and chalcopyrite across a true width of 3.6 meters from the surface exposure of the Gully Zone assayed 5.31% copper and 8.77 grams per tonne gold. No further work has been carried out on the Trek Property since 1993.
During the 1990 field season, exploration on the Royce/Porc property by Royce Industries Inc. was designed to evaluate a number of known showings on the property. Hand trenching discovered lode gold mineralization at the "JEFE" zone on Split Ridge and a float sample containing 769.2 grams per tonne gold was discovered 400 meters north of the "Jefe" zone that led to the recognition of the "Rolls Royce" zone. The highest gold values encountered, ie: those from samples 9103-38 (13.10 gpt or 0.382 opt gold in trench number Tr91-100) and 9103-42 (10.23 gpt or 0.298 opt gold in trench Tr 91-06) are associated with sulphide-rich quartz veining.
The intersections and grades referred to above have been derived from reports provided to Romios by the Galore Greek Syndicate. A qualified person has not confirmed any of the results referred to above and the assay results may not be in compliance with NI 43-101. The data is relevant to the property interest being acquired by Romios but may not be reliable.
Romios trades on the TSX Venture Exchange (Symbol: RG) and on the "over the counter"market in the United States (Exemption No. 82-5093, Symbol: RMIOF)
For the purposes of the disclosure in this Press Release, Thomas Skimming, P.Eng., is the Qualified Person ("QP") in accordance with NI 43-101.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Romios Gold Resources Inc.
President and Director
(416) 218-9772 (FAX)
Romios Gold Resources Inc.
Vice President of Exploration and Director
(416) 444-0586 (FAX)
You can view the Next News Releases item: July 19, 2006, Romios Commences Work on its Newmont Lake Property in the Galore Creek Area, Northwestern British Columbia
You can view the Previous News Releases item: June 7, 2006, Romios Reviews Status of Drill Program at its Scossa Property in Nevada
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