- Press Releases
The management of Romios Gold Resources Inc. ("Romios" or the "Corporation") is pleased to provide a status report on the exploration program on its Newmont Lake and Trek properties in northwestern British Columbia that was announced in a Press Release dated June 1, 2009 wherein the Company stated that the cost of the program was estimated at $1.5 million and would consist essentially of diamond drilling.
At the Newmont Lake property, four holes (Holes NLP09-01, NLP09-02, NLP09-03 and NLP09-04), collectively totaling 399.0 metres (1,309 feet) in length, have been drilled to test the strong, chargeability anomalies that were outlined by an induced polarization (IP) survey that was carried out as part of the 2008 exploration program that were found to be coincident with large altered, gossanous rock outcrops located a short distance from the known gold-silver-copper resource. Hole NLP09-01 was terminated prematurely at a depth of 21.0 metres because of very badly fractured and sheared bedrock before the target zone was reached. Holes NLP09-02, NLP09-03 and NLP09-04 were drilled to depths of 135.0 metres, 90.0 metres and 153.0 metres respectively. Each hole intersected varying widths of sulphide mineralization, principally pyrite, which occurs both as disseminations and within quartz-carbonate veinlets and stringers occuring within zones of chloritic and silicic alteration. The holes have been logged and samples of the core have been shipped to ALS Chemex for chemical analyses.
At the Trek property, two holes, TRK09-01 and TRK09-02 have been completed to date. TRK09-01 was drilled to a total depth of 321.0 metres (1,053 feet), designed to test the copper-gold mineralization that was encountered at the bottom of hole TRK08-03 that was drilled last year but was terminated prematurely in mineralization because of adverse ground conditions. Hole TRK-09-01 encountered varying amounts of fracture-controlled pyrite and chalcopyrite within zones of chlorite-silica-potassium alteration.
TRK09-02 reached a depth of 153 meters (502 feet) through the Upper Northeast zone. This hole targeted copper mineralization exposed within surrounding rock outcrop. Chip samples from this 100 metre by 50 metre exposure, taken in 2008, assayed up to 8.55 g/t gold, 44.0 g/t silver and 8.07 % copper as reported in a previous press release dated December 18, 2008. TRK09-02 encountered fractures and veinlets of chalcopyrite and tenorite to approximately 99 meters depth (324 feet) where the host rock became potassically altered with increased chalcopyrite mineralization over 10 meters, locally cut by dykes. Varying amounts of disseminated mineralization were encountered throughout the remainder of the hole; this style of alteration and disseminated mineralization is similar to that found at NovaGold-Teck Cominco's Galore Creek deposit.
Currently, hole TRK09-03 is being drilled to test the Northeast Zone, lying along trend of both the Upper Northeast Zone and the North Zone (drilled in 2008). Completed holes are logged and samples are being collected for chemical analyses. The results of these analyses will be reported publicly when received and reviewed by the Company.
As a matter of procedure, the mineralized intervals of drill core will be split in the field using an electric-powered core saw and bagged using security seals. The samples will then be delivered to ALS Chemex Laboratories in Vancouver for analysis. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program will be 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. Thomas Skimming, P. Eng., Geologist, V.P. of Exploration, Director of Romios Gold Resources Inc. 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 is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Nova Gold/Teck Cominco's large gold-copper-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 and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) email@example.com
Thomas Skimming, Vice President of Exploration and Director: (tel) 416-444-0900, (fax) 416-444-0586 or (email) firstname.lastname@example.org
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: email@example.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, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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