- Press Releases
$5.0 Million Exploration Program to Commence in June
Romios Gold Resources Inc. (TSX-V : RG) is pleased to report final results for airborne and ground geophysical surveys carried out at its North West Zone located in the Galore Creek area of northwestern British Columbia. The Airborne geophysical survey employed the DIGHEM V multi-coil, multi-frequency electromagnetic system, supplemented by a high sensitivity cesium magnetometer. The survey and processing of survey data were carried out by Fugro Airborne Surveys, Toronto. The ground geophysical surveys, consisting of Spectral Induced Polarization and Total Field Magnetics, were carried out by Clearview Geophysics of Brampton, Ontario. The purpose of the surveys was to identify and locate zones of conductive sulphide mineralization and prioritize areas of potentially economic mineralization for the upcoming 2008 drilling program, scheduled to commence in June.
North West Zone
The North West Zone is contained within the Newmont Lake property, one of nine properties held by Romios Gold in the Galore Creek area. As previously reported (see Press Release dated March 27, 2007), the North West Zone contains 1,406,000 tonnes of inferred resource grading 4.43 g/t gold, 0.22 % copper and 6.4 g/t silver. Recent drilling in the North West Zone included hole R-07-09, which intersected 7.82 g/t gold, 0.42% copper and 12.45 g/t silver over 10.67 metres. Higher grade intervals within the hole included 19.70 g/t gold , 0.45% copper and 12.60 g/t silver over 3.04 metres and 27.32 g/t gold, 0.46% copper and 9.96 g/t silver over 2.35 metres.
The Fugro airborne EM- Magnetic surveys identified several conductors along the east and west margins of the Newmont Lake Graben, which is well marked by a series of intrusives. The Newmont Lake Graben is a major area structural feature defined by the McLymont and Newmont Lake faults. The survey also interpreted several faults that parallel the fault hosting the North West Zone. The faults are located on the floor of the graben immediately to the east of the North West Zone. Mineralization in the North West Zone is structurally controlled by fault structures.
The ground geophysical surveys, which included both Spectral Induced Polarization and Total Magnetics surveys, identified three geophysical anomalies. The anomalies are located north, east and north east of the North West Zone. Anomaly T1 is located 40 metres east of the North West Zone and is believed to be the northeast continuation of the IP anomaly identified by an earlier IP survey. Anomaly T2 is located 35 metres to the north of the North West Zone and coincides with a relatively high northeast/ southwest apparent resistivity zone and background magnetics. Anomalous chargeability values ranged from 2.0 to 3.6 milliseconds. The UBC inversion model indicated that the top of the target source is likely more than 40 metres deep. The T3 anomaly is located 95 metres northeast of the North West Zone and is at the edge of a low resistivity zone, which may be indicative of an alteration zone, geological contact or fault. The anomaly at T3 may be the northeast continuation of the anomaly located at T1.
Tom Drivas, President stated, "We are excited about these geophysical anomalies because they confirm the high potential of Romios' Galore Creek properties and indicate that mineralization may extend beyond the known outline of the North West Zone. The information gained from these surveys will assist in guiding our 2008 drilling program, scheduled to commence in June."
Romios' Newmont Lake property is located within 10 kilometres of a completed section of the access road to Nova Gold / Teck Cominco's Galore Creek project.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P. Eng, Vice President of Exploration and a director of Romios Gold Resources Inc., is the Qualified Person (QP) in accordance with NI 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 and Nevada. The Corporation plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.
For further information, please contact:
Tom Drivas, President and Director:
(tel) 416-221-4124, (fax) 416-218-9772 or (email) firstname.lastname@example.org
Thomas Skimming, Vice President of Exploration and Director:
(tel) 416-444-0900, (fax) 416-444-0586 or (email) email@example.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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
Contact: Tom Drivas, President
Email Address: firstname.lastname@example.org
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.
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