- Press Releases
Romios Gold expands land holding by 412 units and plans further ground geophysical surveys, soil sampling and mapping
Romios Gold Resources Inc. ("Romios" or the "Corporation") (TSX-V: RG) announces that recently completed geochemistry, petrography, and age determination studies carried out for two intrusive phases at its RNT Zone, Newmont Lake property determined that the porphyry intrusives are very similar geochemically and mineralogically to the Mount Milligan Cu- Au porphyry and similar in age to Teck- Cominco/ Nova Gold's nearby alkalic Cu- Au Galore Creek deposit . Based on the findings of the study and known area geology, Romios Gold has expanded its land holdings by an additional 412 units covering an area of 78 square kilometers or 7,289 hectares and is planning further ground geophysics, soil sampling and mapping during its summer drilling program
The studies were carried out by K.L. Rasmussen, PhD Candidate, Department of Earth and Ocean Sciences, University of British Columbia. Samples were taken from the RNT zone porphyritic intrusion and a porphyritic stock located four kilometers to the north. The RNT Zone is located approximately 1.5 Km east of the Newmont Fault.
Samples from the RNT Zone and the stock to the north had lithogeochemical compositions and textures that are typical of silica - saturated alkalic Cu- Au porphyry systems. The porphyritic dykes at the RNT zone have undergone an early high temperature "sodic" alteration event. The porphyritic stock has undergone similar styles of alteration, although less strongly . The pervasive sericitic alteration and secondary mineral assemblages found in the porphyry intrusives are indicative of proximity to the core of a silica-saturated porphyry system that is prospective for high grade chalcopyrite -bornite - gold mineralization.
Two samples of the porphyritic intrusions submitted for geochronological analysis returned late Triassic U-Pb ages of 203.1 to 214.1 Ma (million years), respectively. These ages are close to, or within the 210 -200 Ma timeframe in which most mineralized alkalic Cu-Au porphyry deposits in BC formed, including the approximately 210-215 Ma syn- mineralized intrusives at Teck-Cominco / Nova Gold deposit.
"We are very excited about the findings of the most recent studies and have significantly expanded our land holdings at our Newmont Lake property based on these results. We are starting our exploration program this month and will be targeting these highly prospective intrusives with further geophysical surveys and field work", said Tom Drivas, President.
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) 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
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: 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. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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