- Press Releases
TORONTO, ONTARIO, September 19, 2017, Romios Gold Resources Inc. ("Romios" or the "Company") (TSX.V-RG) (OTC-PK: RMIOF) (Frankfurt: D4R) is pleased to announce the results of hole RGR-17-1 which was drilled to a length of 513 metres at Atim Lake North on its Lundmark-Akow Lake project in northwestern Ontario, approximately 18 km NNW of Goldcorp's Musselwhite Gold Mine, to test a series of stacked electromagnetic (VTEM) conductors in the vicinity of the 1.5 km long "Romios Copper-Gold Zone" discovered by Romios and tested initially by diamond drilling in 1998, 1999 and more recently in 2016.
The most notable mineralization that was encountered in hole RGR-17-1 was a zone of massive sulphides that was intersected from 299.2 to 301.1 metres (drill hole width of 1.90 metres, with a true width of 1.40 metres) which averaged 2.35 % copper, 1.4 g/t gold and 68.2 g/t silver representing the weighted average of three contiguous samples. Three additional intervals of copper-gold mineralization were encountered in the hole associated with hydrothermally altered staurolite-garnet-biotite-sericite schists similar to those encountered in previous holes that were drilled to test the copper-gold enriched alteration zone approximately 1.5 to 3 km to the southeast. The details of these intersections are outlined in the chart below. All mineralized intercept assays are the weighted average of contiguous samples.
DRILL HOLE RGR-17-1 (Mineralized Interval and Assays)
|Drilled Width||True Width||Cu |
|96.55||98.75||2.2||1.6||0.58||0.24||-||Quartz veined schists with chalcopyrite blebs|
|100.95||106.3||5.35||3.9||0.38||0.34||-||Quartz veined schists with chalcopyrite blebs|
|159.0||161.7||2.7||1.97||0.28||-||-||Quartz veined schists with chalcopyrite blebs|
Nine additional smaller zones of mineralized quartz veining/flooding are found scattered throughout the hole. These range from 0.13 to 0.75m in drilled width and grade up to 0.29% Cu and 1.66 g/t Au. The massive sulphide zone was intersected 200m below surface and the three mineralized schist intervals were intersected at depths between 60m and 110m.
The host rocks are moderately siliceous and contain abundant tourmalinite imilar to that encountered in drill hole RGR-16-2 within the "Romios Copper-(Gold) Zone" which is now interpreted as a hydrothermal alteration pathway similar to those found beneath many massive sulphide deposits. The presence of mineralized staurolite-garnet-biotite-sericite schists as well as tourmalinite with high copper-silver-(gold) values in both the massive sulphide horizon and the alteration pathway, indicates that the massive sulphide style horizon is very likely a product of this extensive alteration zone. The available geological evidence also suggests that this initial sulphide intersection is on the periphery of the mineralized horizon and that the potentially thicker and higher-grade core lies some distance away.
The Cu-Au-Ag massive sulphide style horizon is the first such discovery in the area and somewhat unique due to the presence of abundant tourmalinite in the sulphide zone as well as locally within the related alteration pathway. No significant alteration was found immediately adjacent to the sulphide horizon indicating that this intersection is most likely not part of the central core of the horizon (which is typically underlain by a prominent pipe-like zone of intense hydrothermal alteration in other deposits). The absence of an alteration pipe suggests that the mineralization discovered in the recent drill hole lies on the periphery of the sulphide horizon and there is good potential for the presence of the thicker, more central portion nearby. There is also a strong likelihood that additional zones of the lower grade copper-(gold) mineralization occur within schists between this recent drill hole and the alteration pathway 200m to the east.
A review of the most appropriate type of ground geophysical survey that might better define the extent and most favourable portions of the conductor related to the massive sulphide is now underway by Romios' geophysical consultant. It is currently anticipated that ground geophysical surveys will be conducted over the Atim Lake North area during the winter prior to any further drilling.
The drill hole location is indicated on the map attached to this news release, at Atim Lake North.
All samples were submitted to Activation Laboratories Ltd. in Thunder Bay, Ontario for assay. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results.
The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Consulting Geologist 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 in its properties in British Columbia centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek. In addition to the Lundmark-Akow Lake and Hislop properties in Ontario, Romios has other property interests in Quebec and Nevada.
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) firstname.lastname@example.org.
John Biczok, P.Geo., Consulting Geologist, (tel) 613-410-7877 or (email) email@example.com
Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) firstname.lastname@example.org.
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