- Press Releases
TORONTO, ONTARIO (August 27, 2012) -- Romios Gold Resources Inc. (TSX.V -RG) ("Romios" or the "Company") is pleased to announce the acquisition of approximately 5,700 hectares of mineral tenures within the so-called Golden Triangle area in northwestern British Columbia. Romios now holds approximately 72,000 hectares in the vicinity of Pretium Resources' Brucejack deposit, Barrick Gold's Eskay Creek mine and the Galore Creek Mining Corporation's Galore Creek project (a NovaGold/Teck Resources' joint venture).
The mineral tenures expand Romios' land position southward along the projected metallogenic corridor of the Newmont Lake Project. Field evidence acquired during Romios' 2012 summer exploration campaign (reviewed in Press Releases dated August 9 and July 10, 2012) confirms that the mineralized zones on the Newmont Lake Project coincides with the BC Ministry of Mines' ("BCGS") interpretation of a volcanic massive sulphide ("VMS") belt of mineralization which extends over a distance of at least 20 kilometres (see Press Release dated March 3, 2011, and BCGS Open File 2011-02).
Mineralization on the new claims includes the Argent showing- BC Minfile # 104B 348- named for the significant occurrences of silver. In 1989, Pezgold Resources reported 30 grab samples collected from numerous quartz veins within a highly silicified shear zone at the Argent showing (BC Assessment Report 18546). Of these, sample 22190 assayed 369.64 oz/tonne Ag, 4.22 g/t Au, and greater than 2% Cu; four additional grab samples assayed 4,387.8 g/t Ag, 2,065 g/t Ag, 524.56 g/t Ag, and 146.5 g/t Ag (samples 22191, 22279, 22286, and 22289, respectively). Romios intends to verify these non NI 43-101 compliant assays with QAQC-directed trench and chip sampling in future exploration campaigns.
The new mineral tenures additionally secure a land position approximately 4.5 kilometres from the developing hydroelectric power, communications, and road infrastructure at the mouth of the McLymont River (see Press Release dated April 3, 2012).
As of late August, 2012, Romios has completed 15 diamond drill holes totalling 2,613 metres on its Newmont Lake property. Drilling at the Ken Zone encountered visible gold and VMS-style mineralization. Geophysics and drilling extended Romios' 72 Zone porphyry discovery and intercepted a mineralized porphyry underlying the zone of bornite and chalcopyrite mineralization exposed at surface. Recent drilling carried out at the Northwest Zone indicates that the known zone of gold-silver-copper mineralization is wider and larger than historically recognized. All drill assay results will be released when received and reviewed by the Company.
In addition to the geophysical and drill program, Romios completed a technical review of the Trek Property's North Zone and confirmed extensions of geophysical conductors to the north and south.
Drill core has been cut using an electric-powered core saw, bagged and sealed for shipping to SGS Minerals for processing in Telkwa, BC. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program is implemented involving the insertion of blanks, standards and splits to ensure reliable assay results.
The technical information contained in this press release has been reviewed and approved by Mr. Scott Close, P.Geo., Exploration Manager 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 headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
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, CEO and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) firstname.lastname@example.org
Scott Close, P.Geo, Exploration Manager, (tel) 406-366-3880 or (email) email@example.com
Thomas Skimming, P.Eng, Vice-President, Exploration and Director, (tel) 416-444-0900 or (email) firstname.lastname@example.org
Michael D'Amico, CFO: (tel) 647-500-6023 or (email) Michael@baystreetconnect.com
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
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, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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