TORONTO, ONTARIO (July 12, 2011) - Romios Gold Resources Inc. (TSX-V: RG) ("Romios" or the "Company") is pleased to announce the results of a recent ground geophysical survey carried out on the Trek Property in Northwestern B.C, Canada. The ground survey identified a deep conductivity anomaly at approximately 300 metre depth that may be a continuation of a large, anomalous conductive zone previously identified by the Titan 24 geophysical surveys (see Press Release dated November 4, 2010).
The 2011 ground geophysical survey, carried out by Frontier Geophysics of Vancouver, B.C., was oriented in an east-west direction parallel to previous ground surveys along the southern margin of the North Zone. The survey, herein referred to as the North Zone Line 4, comprised induced polarization (IP), resistivity (RES), and ground magnetics (MAG) readings every 100 metres for a total survey length of 1.4 kilometres with 100 metre-spaced dipoles. Additional ground surveys were postponed due to high snow levels.
The IP profile from North Zone Line 4 indicates a large, 200 metre-wide conductive anomaly at 300 metres depth below the center portion of the line. This zone of high conductivity exists at approximately the same elevation and exhibits an identical width and geophysical signature (100-500 ohm / metre) as all three of the MT conductivity anomalies identified in the three Titan 24 lines to the north. The conductivities measured on North Zone Line 4 are also higher overall (less resistive) than others in the area.
The IP profile from North Zone Line 4 also correlates with the Titan24 lines to the north. Line 4's IP profile indicates three zones of anomalous chargeability. The eastern-most IP anomaly correlates with IP anomalies to the northwest in the area of the current drilling at the North Zone. One of the western-most IP anomalies, lying along the surface, correlates with large amounts of sulphides in outcrop. The other western anomaly, extending from surface to 350 metres depth along the western edge of the survey, indicates a different rock type along a major fault.
Silver Standard Consolidated collected four rock samples within the area in 1989. These samples were taken from the area immediately adjacent to the middle of Line 4, in the area of moderate and high conductivities (low RES) and moderate chargeability (IP), similar to the geophysical signatures from the mineralized areas further north. Rock sample results (shown in Table 1 below) include samples 333215 and 333216, reportedly assayed 2.04 % Cu, 0.70 g/t Au, and 13.2 g/t Ag, and 4.32 % Cu, 1.0 g/t Au, and 36.2 g/t Ag, respectively.
Table 1. Rock sample assays near the IP, RES, and MAG survey Line 4.
|Sample ID||Company||Year||Type||Cu (%)||Au (g/t)||Ag (g/t)|
Currently, Romios is carrying out a drill program on the Trek property. This program is designed to test the anomalies identified by the 2010 Titan 24 geophysical survey and the Company intends to test the new conductive anomaly identified by this ground geophysical survey. Results will be released as soon as they are available.
The Trek property, 100% owned by Romios, consists of 10 mineral tenures that cover 4096.869 hectares (10123.58 acres) in the Galore Creek Area. GCMC's (NovaGold and Teck Resources) Galore Creek Project contains a large undeveloped, porphyry-related copper-gold-silver deposit approximately 12 kilometres northwest of the Trek property. Since acquiring the Trek property in 2006, Romios has been carrying out exploration programs to evaluate the widespread zones of breccia-hosted mineralization and porphyry-related gold-copper mineralization
The information in this news release has been reviewed and approved by Mel de Quadros, P.Eng, a Qualified Person in accordance with the Canadian regulatory requirements as set out in 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, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-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
Mel de Quadros, Ph.D., P.Eng. Director (tel) 416-668-6145 or (email) firstname.lastname@example.org
Michael D'Amico, CFO, Investor Relations: (tel) 647-500-6023 or (email) Michael@baystreetconnect.com
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
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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.