- Press Releases
Toronto, Ontario – June 14, 2022: Romios Gold Resources Inc. (“Romios Gold” or the “Company”) (TSX.V-RG; OTCQB: RMIOF; Frankfurt: D4R) is pleased to report on high-grade gold assay results from chip and grab samples collected in April 2022 at several previously undocumented or poorly known historic gold-copper-silver prospects on the Company’s recently acquired Kinkaid project in Nevada.
The Kinkaid claims cover 911.2 Hectares (2,252 acres) in Mineral County, 18 km east of the town of Hawthorne, and are largely accessible by road. To date only the gold assays have been received from the April sampling; the multi-element analyses including the copper and silver results are pending.
“We are extremely encouraged now by the shear number of gold bearing veins that we have found on the Kinkaid property, and expect that the pending copper and silver assays will only increase their potential,” stated Stephen Burega, President.
“Romios’ brief prospecting and sampling program in April at Kinkaid has returned some surprisingly good gold results from poorly documented old showings, most of which are simply listed as “barite occurrences” in the government database,” commented John Biczok, Romios’ VP of Exploration. He continued, “the association of barite with high-grade gold-silver epithermal style mineralization is now well understood but may not have been in decades past when these prospects were first explored. With the price of gold being so much lower at that time, the gold potential of many prospects was often ignored if the grades were not over 1 oz/t Au. We look forward to the upcoming satellite image study and further field work to define these vein systems more fully and advance the best targets to the drill stage.”
2022 Exploration Plans
Romios plans to undertake a program of detailed geological mapping and sampling across the Kinkaid property in 2022 with emphasis on the numerous mineralized showings. A drone magnetic survey is expected to be particularly useful in tracing the skarn horizon targets under cover and a hyperspectral satellite image study is expected to outline the alteration zones associated with the Au-Ag-Cu vein systems. Diamond drilling of several showings is anticipated.
Map #1 - Mineral prospects on Romios’ Kinkaid Project with the maximum gold assays for each site from sampling in April 2022.
Photo #1 - Sample #E268328 from the “Au-Cu Adits” dump site. Massive, black, tarnished chalcopyrite (copper-iron sulphide) and green secondary copper mineral staining in a white quartz vein. Assayed 1.7 g/t Au. Copper and silver results pending. One of very many such pieces at this site, some assaying up to 17.9 g/t Au.
All samples were submitted to the ISO/IEC 17025 accredited ALS laboratory in Reno, Nevada for assay. As a matter of procedure, a rigorous quality assurance and quality control program was implemented in the form of blanks and Certified Reference Material standards at every 10th position in the sample series. The assay results of these standards and blanks were well within the acceptable ranges.
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 the Kinkaid Nevada claims covering numerous Au-Ag-Cu workings and two former producers: the La Corne molybdenum mine property (Quebec) and a former high-grade gold producer - the Scossa mine property in Nevada. 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 Enduro Metals Corp.’ Newmont Lake Au-Cu-Ag property in BC.
For more information, visit www.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 expressions. 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 of Exploration - 613-410-7877 or email@example.com
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