- 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 Trek property in northwestern British Columbia that was announced in a Press Release dated June 1, 2009 wherein the Company stated that the cost of a combined program on its Newmont Lake and Trek properties was estimated at $1.50 million and would consist essentially of diamond drilling.
At the Trek property, seven holes have been completed since a press release dated July 24, 2009 was issued by the Corporation. To date, a total of nine holes, totaling 2,370 metres, have been drilled on the Trek property during the 2009 summer program.
Hole TRK09-03 was drilled to a total depth of 174.0 metres (570 feet), and encountered a 10-meter interval of fracture-controlled pyrite-chalcopyrite mineralization 115 meters below a surface exposure of visually similar mineralization at the Northeast Zone.
Hole TRK-09-04 encountered trace mineralization within zones of chlorite-silica alteration adjacent to TRK09-02 at the Upper Northeast Zone.
Hole TRK09-05 was drilled to a depth of 399 meters (1308.72 feet), approximately 200 meters from the North Zone mineralization that was encountered in the 2008 diamond drill program (see Press Release dated December 4, 2008). This hole was designed to test a vertical gradient airborne magnetic anomaly that trends eastward from the North Zone. The hole encountered extensive faulting and shearing in bedrock characterized by pervasive malachite staining from surface to 120 meters (393.6 feet) in the hole. Chalcopyrite occurs in two primary zones below the surface zone, from 160.0 to 185.0 meters (49.2 feet) and from 269.5 to 386.0 meters (382.12 feet) in a highly altered feldspar-phyric volcanic rock. The sulphide content is variable within these mineralized sections with chalcopyrite ranging from 0.1% to 3.5%, and pyrite from 1.0% to 20% by volume.
TRK09-06 was collared approximately 65 meters south west of hole TRK09-01 and drilled to a depth of 309 meters (1013 feet). The purpose of the hole was to extend the zone of copper-gold mineralization encountered in drill holes TRK08-02 and TRK08-03 drilled during the previous summer and to obtain information that could provide a clearer understanding of the geometry and attitude of the copper-gold mineralization. Essentially, the hole intersected a volcaniclastic unit with minor faults associated with iron-carbonate veins towards the top of the hole. A 1.5 meter (4.92 feet) lens of massive pyrite was encountered from 73.5 -- 75.0 meters. As in hole TRK-09-05, variable amounts of disseminated and fracture-controlled pyrite and chalcopyrite ranging up to 3% in content by volume, was encountered over an interval of 118.8 meters (389.7 feet) between 111.0 to 229.8 meters in the hole.
Hole TRK09-07 was collared 100 meters west of hole TRK09-06 and was abandoned at 201 meters (659 feet) due to highly fractured ground conditions. The hole intersected a sequence of feldspar-phyric volcanic rocks within which, two breccia zones contain variable quantities of chalcopyrite. The first zone, a 4.01 meter (13.15 feet) section was encountered from 110.52 to 114.53 and the second zone, a 23.3 meter (76.4 feet) section was encountered from 168.6 to 191.9 meters in the hole.
TRK09-08 is the first hole to target the roots of the exposed breccia swarm at the Trek deposit. The hole was collared south of TRK09-07, west of TRK08-04, and reached a length of 240 m (787 feet). Drilling revealed a succession of varying breccia styles, including a tourmaline-cemented tectonic breccia, with predominantly disseminated pyrite mineralization occurring in the host rock.
The final hole drilled at the Trek deposit was TRK09-09. The hole was collared 100 meters north of TRK09-05. Sericitized and potassically altered basalt and feldspar-phyric volcanic rocks similar to TRK09-05 were encountered. Drilled to a depth of 435 meters (1427 feet), TRK09-09 revealed trace chalcopyrite for over 423 meters (1387 feet), with intervals near 130 meters depth (426.4 feet) containing chalcopyrite veins up to 3.0 cm thick.
All of the holes completed on the Trek Property have been submitted 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 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
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
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.
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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