- Press Releases
Toronto, June 7, 2010---The management of Romios Gold Resources Inc. (TSX-V: RG) is pleased to announce that it has commenced the 2010 exploration program on its Trek and Dirk properties located in northwestern British Columbia. The program, estimated to cost approximately $1.5 million, will consist of a minimum of 1500 metres of diamond drilling on the Trek property and a systematic exploration program consisting of ground geophysical surveys, a soil and rock geochemical survey, detailed geological mapping and surface sampling on the Dirk property.
The 2010 drill program on the Trek property is designed to further delineate the pervasive porphyry-style copper and gold mineralization and to assess the significance of the airborne magnetic trends that parallel the zones of known copper-gold-silver mineralization outlined by drill programs completed by the Company during 2008 and 2009. Additionally, systematic exploration will be carried out on the Gully Zone and other copper and gold occurrences on the south side of Sphaler Creek where a limited drill program carried out by Warner Ventures Ltd in 1993 intersected significant gold-copper mineralization.
The Trek property, 100% owned by Romios, consists of 5 land tenures which cover 2,693.27 hectares (6,654.98 acres) in the Galore Creek Area, in the Liard Mining Division of northwestern British Columbia and is located within the large parcel of land (approx. 118,912 hectares/293,838 acres) which encompasses GCMC's (NovaGold and Teck Resources) Galore Creek Project, that contains a large, undeveloped, porphyry-related, copper-gold-silver deposit. Since acquiring the Trek property in 2006, Romios has been carrying out exploration programs to evaluate the widespread zones of breccia-hosted copper-gold mineralization and zones of porphyry-style gold-copper mineralization on the property.
The exploration program planned for the Dirk property is designed to evaluate the significance of the extensive, high-grade copper-gold-silver mineralization encountered on the property, particularly at the Dirk and Telena Zones, where surface sampling carried out by the Company during 2009 identified extensive veinlets and stringers of bornite, covellite and trace amounts of chalcopyrite within breccias and carbonate rocks that appear to be genetically related to megacrystic syenitic intrusions similar to those at GCMC's Galore Creek project.
The Dirk property consists of 3 contiguous claims covering 1,202.68 hectares (2,971.78 acres) in the vicinity of the Company's Newmont Lake property. Subsequent to the discovery of extensive copper and gold mineralization on the property during the 2009 exploration program, an additional 26 new claims, encompassing an area of approximately 9,874 hectares (approximately 24,400 acres), were staked to cover extensions of the high grade copper and gold mineralization.
Tom Drivas, President of Romios Gold commented: "We are very pleased with the results of the exploration that has been completed to date on the Trek and Dirk properties and are extremely excited and enthusiastic about commencing our 2010 exploration program on these highly prospective properties. On the Trek property, we are encountering grades, over a widespread area, which are comparable to other large tonnage gold-copper porphyry deposits in British Columbia. To date, breccia and porphyry-type copper-gold mineralization has been intersected in our drilling over an area measuring 720 metres (2,361.6 feet) by 260 metres (852.8 feet) and to a depth of 440 metres (1,443.2 feet).
"The pervasive nature of the copper and gold mineralization on the Dirk property is impressive and we are looking forward to carrying out the exploration program that we have planned for 2010, especially on the Dirk and Telena Zones where considerable high grade copper-gold-silver mineralization was encountered in a surface sampling program carried out last summer."
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, copper, silver and molybdenum. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Corporation is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between GCMC's (NovaGold/Teck Resources') 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.
You can view the Next News Releases item: July 6, 2010, Romios Announces Closing of First Tranche of Flow-Through Offering and Working Capital Offering
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