Bonanza Grade Mineralization contained within a 14.01 metre (45.95 feet) zone grading 26.44 g/t (.77 oz) gold, 21.36 g/t (.62 oz) silver and 0.21 % copper
Toronto, September 22, 2008 -- Romios Gold Resources Inc. (TSX-V: RG) announces that a metallurgical test hole drilling program at its Newmont Lake property in the Galore Creek area of northwestern British Columbia has intersected bonanza grade gold and silver mineralization grading 753.00 g/t (21.96 oz) gold, 462 g/t (13.47 oz) silver and 0.69% copper over a core length of 0.44 metres (1.45 feet) within a breccia zone. The extremely high grade mineralization is contained within a wider 14.01 metre (45.95 feet) mineralized interval that assayed 26.44 g/t (.77 oz) gold, 21.36 g/t (.62 oz) silver and 0.21% copper.
In addition to the zone of very high grade mineralization, the hole intersected two other gold intervals. The hole cut 3.02 metres (9.90 feet) from 43.13 metres to 46.15 metres assaying 7.11 g/t (.21 oz) gold, 11.28 g/t (.33 oz) silver and 0.08 % copper. An additional intersection was cored from 70.01 metres to 74.71 metres, for a total of 4.70 metres (15.40 feet), that assayed 3.22 g/t (.09 oz) gold, 29.23 g/t (.85 oz) silver and 0.13% copper.
The metallurgical hole was located in the central part of the North West zone resource and drilled as part of the 2008 exploration program to a depth of 246.58 metres (809 feet). It intersected several gold-silver-copper trends (see Table 1 for details) over distinct zones of sulphide and magnetite mineralization associated with silicification and brecciation.
Preliminary metallurgical testing is being carried out to evaluate metallurgical recoveries of gold, silver and copper mineralization contained within the deposit. All drilling was done with conventional NQ diamond drilling (47.6 mm core diameter) and assaying was carried out by ALS Chemex of Vancouver. Assays in this release are reported as uncut values. As a matter of sampling procedure, selected core intervals from each hole were split in the field using an electric-powered core saw and then the samples were hand-delivered to Chemex's lab at Terrace, British Columbia for preparation and then forwarded to Vancouver for analyses. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program was implemented by Romios involving the insertion of blanks, standards and splits.
Romios has drilled a total of seventeen holes during its 2008 exploration program. Eleven holes have been drilled at the North West Zone, including three metallurgical holes, and six holes have been completed at the Trek property. This release concludes the reporting of assay results for all of the metallurgical holes. Assay results are still pending for the exploration holes at the North West Zone and the Trek property and will be released as they become available.
Based on the information from drill logs, a recently completed computer modeling program related to the North West Zone and an examination of drill core, the widths of the intersections are assumed to be true widths.
Tom Drivas, President stated, "We are very excited about the bonanza grade mineralization intersected in this metallurgical hole. The extremely high grade mineralization is contained within a breccia zone, which has been identified in our other metallurgical holes as well as exploration holes completed this summer. This high- grade breccia zone will be targeted as we continue to define the resource at the North West Zone."
The North West Zone was calculated to contain an NI 43-101 compliant inferred resource of 1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu and 6.4 gpt Ag or a gold equivalent grade (AuEq) of 5.16 gpt that was announced in a press release dated March 26, 2007. This equates to in-situ contained metal of 200,000 ounces of gold, 6,790,000 pounds of copper and 291,000 ounces of silver. These resources are reported at a base case gold equivalent cut-off grade of 2 gpt. Mineral Resources are not Mineral Reserves as Mineral Resources have not demonstrated economic viability..
The details of the main intervals of gold, copper and silver mineralization are summarized in Table 1 below.
Table 1
|
From (m) |
To (m) |
Width (m) |
Width (F) |
Au g/t |
Ag g/t |
% Cu |
|---|---|---|---|---|---|---|
|
20.01 |
20.19 |
0.18 |
0.60 |
31.500 |
11.5 |
0.0033 |
|
20.19 |
21.24 |
1.05 |
3.45 |
0.125 |
0.2 |
0.0011 |
|
21.24 |
22.16 |
0.91 |
3.00 |
2.120 |
2 |
0.0122 |
|
22.16 |
22.86 |
0.70 |
2.30 |
1.850 |
1.2 |
0.0115 |
|
22.86 |
24.11 |
1.25 |
4.10 |
0.014 |
0.4 |
0.0035 |
|
24.11 |
24.69 |
0.58 |
1.90 |
0.488 |
8.8 |
0.415 |
|
24.69 |
25.25 |
0.56 |
1.85 |
0.946 |
3.2 |
0.0344 |
|
25.25 |
25.69 |
0.44 |
1.45 |
753.000 |
462 |
0.69 |
|
25.69 |
27.13 |
1.43 |
4.70 |
3.800 |
1.5 |
0.036 |
|
27.13 |
28.65 |
1.52 |
5.00 |
0.870 |
2.9 |
0.1305 |
|
28.65 |
29.93 |
1.28 |
4.20 |
0.284 |
2.2 |
0.228 |
|
29.93 |
31.18 |
1.25 |
4.10 |
2.180 |
12.9 |
0.571 |
|
31.18 |
33.13 |
1.95 |
6.40 |
7.650 |
16.7 |
0.504 |
|
33.13 |
33.77 |
0.64 |
2.10 |
0.052 |
1.3 |
0.0176 |
|
33.77 |
34.02 |
0.24 |
0.80 |
11.300 |
17 |
0.324 |
|
|
Weighted Average |
14.01 |
45.95 |
26.44 |
21.36 |
.21 |
|
|
|
|
|
|
|
|
|
43.13 |
43.74 |
0.61 |
2.00 |
14.000 |
23.9 |
0.06 |
|
43.74 |
43.98 |
0.24 |
0.80 |
10.650 |
13.5 |
0.06 |
|
43.98 |
44.76 |
0.78 |
2.55 |
0.978 |
15.8 |
0.215 |
|
44.76 |
46.15 |
1.39 |
4.55 |
6.890 |
2.8 |
0.0257 |
|
|
Weighted Average |
3.02 |
9.90 |
7.11 |
11.28 |
.08 |
|
|
|
|
|
|
|
|
|
70.01 |
70.65 |
0.64 |
2.10 |
1.960 |
12.5 |
0.41 |
|
70.65 |
71.69 |
1.04 |
3.40 |
1.965 |
78.9 |
0.0597 |
|
71.69 |
72.85 |
1.16 |
3.80 |
7.440 |
36.3 |
0.0487 |
|
72.85 |
74.71 |
1.86 |
6.10 |
1.715 |
2.9 |
0.1205 |
|
|
Weighted Average |
4.70 |
15.40 |
3.22 |
29.23 |
.13 |
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, silver and copper. Romios has significant property interests in British Columbia, Ontario and Nevada. The Corporation is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Nova Gold'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) romios@romios.com
Thomas Skimming, Vice President of Exploration and Director: (tel) 416-444-0900, (fax) 416-444-0586 or (email) tmsk8ing@hotmail.com
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: romios@romios.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.