| High Grade Zone Contained Within Wider 19.46 Metre ( 63.8 ft) Mineralized Interval Grading 1.92 g/t Gold, 3.67g/t Silver and 0.10% Copper Toronto, September 16, 2008 -- Romios Gold Resources Inc. (TSX-V: RG) is pleased to announce that its metallurgical test hole drilling program at the Newmont Lake property in the Galore Creek area of northwestern British Columbia has intersected high grade gold and silver mineralization contained within wider mineralized intervals. The drilling was carried out as part of a metallurgical program to evaluate metallurgical recoveries of gold, silver and copper mineralization contained within the known North West Zone resource. All drilling was carried out using conventional NQ diamond drilling (47.6 mm diameter core) and assaying was carried out by ALS Chemex Labs, Ltd. Three metallurgical holes (Holes R-08-01, R-08-02 and R-08-07) were drilled and assay results have been received for the first two holes. Hole R-08-01 was located in the central part of the North West Zone resource (see press release dated July 10, 2008 for details) and drilled as part of the on-going 2008 Exploration Program. The hole was drilled to a depth of 240.5 metres (789 feet) and intersected a high grade zone contained within wider intervals (see Table 1 below for details) of sulphide and magnetite mineralization associated with silicification and brecciation which characterizes the North West Zone. The hole intersected 0.76 metres (2.49 feet ) grading 23.80 g/t gold, 59.0 g/t silver and 0.03% copper. The high grade zone was contained within a wider interval intersected at 58.87 metres below surface that measured 19.46 metres (63.8 feet ) and contained a weighted average grade of 1.92 g/t gold, 3.67 g/t silver and 0.10 % copper. In addition, the hole encountered three wide, mineralized intervals, one of which was located near surface. The near surface zone was intersected from 41.15 metres to 46.97 metres (5.82 metres or 19.09 feet) which has a weighted average grade of 0.98 g/t gold, 3.26 g/t silver, and 0.01 % copper. The two deeper intervals include a zone of mineralization from 110.79 metres to 115.82 metres (5.03 metres or 16.50 feet) which has a weighted average grade of 1.19 g/t gold, 1.84 g/t silver and 0.20 % copper and a wide mineralized zone from 136.86 m to 170.38 metres (33.38 metres or 109.51 feet) that assayed 0.31g/t gold, 0.35 g/t silver and 0.06% copper. Hole R-08-02, the second hole in the metallurgical drill program, encountered two zones of gold mineralization. The hole intersected 7.25 g/t gold , 5.30 g/t silver and 0.30% copper over 0.40 metres (1.31 feet) from 57.58 metres to 57.94 metres and 2.96 g/t gold, 13.0 g/t silver and 0.56% copper over 0.37 metres (1.21feet) from 67.72 metres to 68.12 metres in the hole. As a matter of sampling procedure, selected core intervals from each hole were split in the field using an electric-powered core saw and then the samples were hand-delivered to ALS Chemex Labs, Ltd in Terrace, British Columbia for preparation and then forwarded to Vancouver for analyses. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program was implemented by Romios involving the insertion of blanks, standards and splits. Based on the information from drill logs, a recently completed computer modeling program related to the North West Zone and an examination of drill core, the widths of the intersections are assumed to be true widths. The details of the main intervals of gold, copper and silver mineralization are highlighted in Table 1 below. |
Table 1
DDH R08-01
|
From (m) |
To (m) |
Width (m) |
Width (F) |
Au g/t |
Ag g/t |
% Cu |
|---|---|---|---|---|---|---|
|
41.15 |
42.25 |
1.09 |
3.59 |
1.625 |
3.00 |
0.144 |
|
42.25 |
42.67 |
0.43 |
1.40 |
1.410 |
8.00 |
0.1185 |
|
42.67 |
43.28 |
0.61 |
2.00 |
2.390 |
7.20 |
0.1015 |
|
43.28 |
43.77 |
0.49 |
1.60 |
0.271 |
1.20 |
0.0492 |
|
43.77 |
44.26 |
0.49 |
1.60 |
0.388 |
2.30 |
0.0986 |
|
44.26 |
44.53 |
0.27 |
0.90 |
1.430 |
6.10 |
0.315 |
|
44.53 |
44.68 |
0.15 |
0.50 |
0.792 |
2.70 |
0.156 |
|
44.68 |
45.42 |
0.73 |
2.40 |
0.063 |
1.20 |
0.0099 |
|
45.42 |
45.84 |
0.43 |
1.40 |
0.674 |
3.30 |
0.1245 |
|
45.84 |
46.36 |
0.52 |
1.70 |
0.704 |
1.70 |
0.1475 |
|
46.36 |
46.97 |
0.61 |
2.00 |
0.625 |
1.60 |
0.0649 |
|
|
Weighted Average |
5.82 |
19.09 |
1.00 |
3.26 |
.11 |
|
|
|
|
|
|
|
|
|
58.87 |
59.44 |
0.56 |
1.85 |
0.062 |
0.20 |
0.0048 |
|
59.44 |
60.05 |
0.61 |
2.00 |
0.324 |
0.50 |
0.001 |
|
60.05 |
60.66 |
0.61 |
2.00 |
0.306 |
0.40 |
0.0111 |
|
60.66 |
61.69 |
1.04 |
3.40 |
1.510 |
1.60 |
0.0072 |
|
61.69 |
62.03 |
0.34 |
1.10 |
1.500 |
2.10 |
0.0106 |
|
62.03 |
62.79 |
0.76 |
2.50 |
0.086 |
0.50 |
0.0325 |
|
62.79 |
63.31 |
0.52 |
1.70 |
0.027 |
0.30 |
0.0287 |
|
63.31 |
63.70 |
0.40 |
1.30 |
8.740 |
24.70 |
0.0231 |
|
63.70 |
64.47 |
0.76 |
2.50 |
23.800 |
59.00 |
0.0254 |
|
64.47 |
65.47 |
1.01 |
3.30 |
1.815 |
1.40 |
0.001 |
|
65.47 |
66.02 |
0.55 |
1.80 |
12.000 |
8.80 |
0.0032 |
|
66.02 |
66.75 |
0.73 |
2.40 |
1.185 |
2.10 |
0.002 |
|
66.75 |
67.97 |
1.22 |
4.00 |
0.954 |
0.90 |
0.0135 |
|
67.97 |
69.19 |
1.22 |
4.00 |
0.054 |
0.40 |
0.0023 |
|
69.19 |
69.80 |
0.61 |
2.00 |
0.074 |
0.20 |
0.0006 |
|
69.80 |
70.71 |
0.91 |
3.00 |
1.410 |
1.40 |
0.0012 |
|
70.71 |
71.63 |
0.91 |
3.00 |
0.522 |
0.60 |
0.0004 |
|
71.63 |
72.85 |
1.22 |
4.00 |
0.310 |
0.30 |
0.0027 |
|
72.85 |
74.37 |
1.52 |
5.00 |
0.015 |
0.20 |
0.0405 |
|
74.37 |
75.90 |
1.52 |
5.00 |
0.102 |
0.20 |
0.0003 |
|
75.90 |
77.42 |
1.52 |
5.00 |
0.103 |
0.20 |
0.0008 |
|
77.42 |
78.33 |
0.91 |
3.00 |
0.275 |
0.60 |
0.0122 |
|
|
Weighted Average |
19.46 |
63.85 |
1.92 |
3.67 |
.01 |
|
|
|
|
|
|
|
|
|
110.79 |
112.47 |
1.68 |
5.50 |
0.835 |
2.00 |
0.173 |
|
112.47 |
113.23 |
0.76 |
2.50 |
0.872 |
1.20 |
0.212 |
|
113.23 |
113.57 |
0.34 |
1.10 |
5.680 |
3.20 |
0.499 |
|
113.57 |
114.97 |
1.40 |
4.60 |
1.295 |
2.50 |
0.245 |
|
114.97 |
115.82 |
0.85 |
2.80 |
0.235 |
0.50 |
0.0872 |
|
|
Weighted Average |
5.03 |
16.50 |
1.19 |
1.84 |
.21 |
|
|
|
|
|
|
|
|
|
136.86 |
138.38 |
1.52 |
5.00 |
0.126 |
0.20 |
0.0349 |
|
138.38 |
139.90 |
1.52 |
5.00 |
0.676 |
0.50 |
0.172 |
|
139.90 |
141.43 |
1.52 |
5.00 |
0.241 |
0.30 |
0.0782 |
|
141.43 |
142.95 |
1.52 |
5.00 |
0.223 |
0.40 |
0.0988 |
|
142.95 |
144.48 |
1.52 |
5.00 |
0.178 |
0.80 |
0.116 |
|
144.48 |
146.00 |
1.52 |
5.00 |
0.155 |
0.30 |
0.0731 |
|
146.00 |
147.52 |
1.52 |
5.00 |
0.119 |
0.20 |
0.0562 |
|
147.52 |
149.05 |
1.52 |
5.00 |
0.073 |
0.30 |
0.0878 |
|
149.05 |
150.57 |
1.52 |
5.00 |
0.083 |
0.40 |
0.0142 |
|
150.57 |
152.10 |
1.52 |
5.00 |
0.249 |
0.60 |
0.159 |
|
152.10 |
153.38 |
1.28 |
4.20 |
0.205 |
0.30 |
0.101 |
|
163.53 |
164.29 |
0.76 |
2.50 |
0.069 |
0.30 |
0.0066 |
|
164.29 |
165.81 |
1.52 |
5.00 |
0.839 |
0.20 |
0.0204 |
|
165.81 |
166.21 |
0.40 |
1.30 |
0.206 |
0.20 |
0.0137 |
|
166.21 |
167.34 |
1.13 |
3.70 |
1.870 |
0.40 |
0.0171 |
|
167.34 |
168.86 |
1.52 |
5.00 |
0.117 |
0.20 |
0.007 |
|
168.86 |
169.62 |
0.76 |
2.50 |
0.098 |
0.20 |
0.0073 |
|
169.62 |
170.38 |
0.76 |
2.50 |
0.193 |
0.40 |
0.0043 |
|
|
Weighted Average |
23.38 |
76.70 |
.32 |
.36 |
.07 |
DDH -- R-08-02
|
From(m) |
To (m) |
Width(m) |
Width(ft) |
Au g/t |
Ag g/t |
% Cu |
|---|---|---|---|---|---|---|
|
57.58 |
57.94 |
0.40 |
1.2 |
7.25 |
5.30 |
0.30 |
|
67.72 |
68.12 |
0.37 |
1.21 |
2.96 |
13.0 |
0.56 |
Tom Drivas, president stated, "The high grade gold intersections contained within wider mineralized intervals clearly demonstrates the presence of two distinct styles of mineralization within the North West Zone resource. We are encouraged by these promising results and will be targeting the high grade breccia zone in future drilling."
The technical information contained in this press release has been reviewed and approved by Mr. Thomas Skimming, P.Eng., Geologist, V.P. of Exploration, Director of Romios Gold Resources 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 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) romios@romios.com
Thomas Skimming, Vice President of Exploration and Director:
(tel) 416-444-0900, (fax) 416-444-0586 or (email) tmsk8ing@hotmail.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.
Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Website: www.romios.com
Contact: Tom Drivas, President
Email Address: romios@romios.com
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.