- Press Releases
Toronto, Ontario – February 8, 2022: Romios Gold Resources Inc. (“Romios Gold” or the “Company”) (TSX.V-RG; OTCQB: RMIOF; Frankfurt: D4R) is pleased to announce that is has acquired 140 single cell mining claims covering 2,753 hectares immediately along strike from Newmont’s giant Musselwhite gold mine in NW Ontario (See Map 1).
The claims were acquired from Bounty Gold Corp. in return for a 2% NSR on those claims. Together with Romios’ existing claims, the Markop Lake project now covers 5,920 Ha (14,628 acres) with potential for both Musselwhite-type gold mineralization as well as gold related to recently discovered Timiskaming-type geology similar to the Timmins camp.
“Amalgamating the Bounty Gold claims with Romios’ exisiting claim block gives us more than a 14 km strike length of a Timiskaming-type basin target just 10 km from the world-class gold deposit at Musselwhite,” stated John Biczok, P.Geo., VP of Exploration for Romios. “Being able to trace the geology across the combined claims will be important in honing in on the most promising sections of these fault structures,” he concluded.
“It is very uncommon for greenstone belts to have only one economic gold deposit, usually where there is one there will be others, and Romios is the most active explorer in the North Caribou greenstone belt outside of Musselwhite’s owner, Newmont Corporation,” added Stephen Burega, President of Romios. “In addition to our anchor Au-Cu project at Lundmark-Akow Lake, we now have a pipeline of exciting grass-roots projects like Markop Lake that are being advanced through low-cost basic geological mapping, prospecting and soil sampling. We are grateful to Bounty Gold for allowing us to add these new claims to our Markop Lake project and to create a significant land package in a great geological setting.”
Map 1: General geology and claim holdings, Markop Lake Project
Many of the major gold deposits in the Canadian Shield are related to the development of fault-controlled basins that allowed deep-seated, gold-bearing fluids to rise up through the crust and deposit mineralization along these fault zones. This event took place ≤2690 million years ago and is referred to as “Timiskaming” in age. Timiskaming-age rocks have become one of the holy grails geologists look for when exploring for gold in the Shield. The Markop Lake property is situated within one of three known packages of Timiskaming-type rocks along the major crustal boundary between the North Caribou Terrane and the Island Lake Domain, and the parallel Oxford-Stull Domain boundary: the other two sites each have former gold producers and one includes the advanced, >1.7 M Oz Monument Bay Au-W project now controlled by Yamana Gold. The >7-million-ounce Musselwhite gold deposit is 10 km along strike to the NW of the Markop Lake claims.
Several encouraging geological features have been found on the current claims by geologists in recent years, including:
The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.
About Romios Gold Resources Inc.
Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property and 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the “Golden Triangle” of British Columbia. Additional interests include two former producers, the La Corne molybdenum mine property (Quebec), a former high-grade gold producer - the Scossa mine property (Nevada), and the Kinkaid Nevada claims covering numerous Au-Ag-Cu workings. The Company also retains an ongoing interest in several properties including a 20% carried interest in five of Honey Badger Mining’s claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% NSR on McEwen Mining’s Hislop gold property in Ontario; and a 2% NSR on the Newmont Lake Au-Cu-Ag property in BC now owned by Enduro Metals Corp.
For more information, visit romios.com
This News Release contains forward-looking statements which are typically preceded by, followed by or include the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar epressions. 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. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Stephen Burega, President - 647-515-3734 or firstname.lastname@example.org
John Biczok, P. Geo., VP, Exploration - 613-410-7877 or email@example.com
You can view the Next News Releases item: February 14, 2022, Romios Gold Expands Gold-Copper Stockwork Zone on the Lundmark-Akow Lake Project Intersects 9.8 m @ 5.1 g/t Gold Equivalent (4.3 g/t Au, 0.46% Cu) within 16.9 m @ 3.3 g/t Au Eq (2.6 g/t Au, 0.39% Cu)
You can view the Previous News Releases item: February 2, 2022, Romios Gold Receives $1 Million Final Payment and 2% NSR Pursuant to its Newmont Lake Option Agreement with Enduro Metals
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