Romios Gold Resources Inc. (TSX-V: RG) is pleased to announce the results of its diamond drill program carried out during the summer of 2007 at its Newmont Lake Property in the Galore Creek area of northwestern British Columbia. The most significant results from the program were encountered in Holes R-07-09 and R-07-01.
Hole R-07-09 was drilled vertically to a depth of 190.5 metres (625.0 feet) and was designed to test an induced polarization anomaly believed to be reflecting an extension to the zone of gold-copper-silver mineralization at the NW Zone. The hole intersected four distinct zones of sulphide and magnetite mineralization associated with silicification and brecciation similar to that which characterizes the NW Zone.
From 10.67m to 30.36m (19.69 metres or 64.60 feet) in the hole, the core was calculated to have a weighted average grade of 7.82 grams/tonne (0.23oz/t) gold), 0.42% copper and 12.45 grams/tonne (0.36 oz/t) silver. Within this interval, two zones of higher grade mineralization were encountered, one between 13.72m and 16.76m (3.04 metres or 9.97 feet) which assayed 19.70 grams/tonne (0.57 oz/t) gold, 0.45% copper and 12.60 grams/tonne (0.37 oz/t) silver and the other between 26.61m and 28.96m (2.35 metres or 7.71 feet) whichassayed 27.32 grams/tonne (0.80 oz/t) gold, 0.46% copper and 9.96 grams/tonne (0.29 oz/t) silver.
Three additional zones of gold-copper-silver mineralization were intersected in the hole. From 37.03m to 43.28m ( 6.25 metres or 20.5 feet) a highly altered, pyritic breccia was found to contain a weighted average of 4.14 grams/tonne (0.12 oz/t) gold, 0.20% copper and 5.46 grams/tonne (0.16 oz/t) silver. From 67.67m to 69.34m (1.67 metres or 5.48 feet), a semi-massive zone of pyrite assayed 6.58 grams/tonne (0.20 oz/t) gold, 0.74 % copper and 29.60 grams/tonne (0.86 oz/t) silver. From 91.44m to 93.15m ( 1.71 metres or 5.6 feet), a moderately altered pyritic zone contained grades of 2.45 grams/tonne (.07 oz/t) gold, 0.134% copper and 1.3 grams/tonne (0.038 oz/t) silver.
Based on information obtained from drill logs, a recently completed computer modeling program relating to the NW Zone and an examination of drill core, the widths of the intersections in drill hole R-07-09 are assumed to be true widths.
The following chart outlines the detailed information relating to the sampling and analyses of the drill core from diamond drill hole R-07-09.
|
DDH # |
Sample # |
From (m) |
To (m) |
Width (m) |
Au g/t |
% Cu |
Ag g/t |
|---|---|---|---|---|---|---|---|
|
R-07-9 |
685904 |
10.67 |
11.80 |
1.13 |
0.128 |
0.392 |
26.1 |
|
R-07-9 |
685905 |
11.80 |
13.72 |
1.92 |
1.35 |
0.505 |
17.9 |
|
R-07-9 |
685906 |
13.72 |
15.24 |
1.52 |
9.81 |
0.545 |
13.8 |
|
R-07-9 |
685907 |
15.24 |
16.76 |
1.52 |
29.6 |
0.359 |
11.4 |
|
R-07-9 |
685908 |
16.76 |
18.29 |
1.53 |
4.41 |
0.522 |
10.9 |
|
R-07-9 |
685909 |
18.29 |
19.81 |
1.52 |
2.45 |
0.607 |
19 |
|
R-07-9 |
685911 |
19.81 |
21.34 |
1.53 |
1.77 |
0.526 |
14.1 |
|
R-07-9 |
685912 |
21.34 |
22.86 |
1.52 |
2.28 |
0.417 |
15.1 |
|
R-07-9 |
685913 |
22.86 |
24.38 |
1.52 |
2.95 |
0.35 |
9.3 |
|
R-07-9 |
685914 |
24.38 |
25.45 |
1.07 |
1.83 |
0.286 |
8.1 |
|
R-07-9 |
685915 |
25.45 |
26.61 |
1.16 |
1.995 |
0.275 |
3.8 |
|
R-07-9 |
685916 |
26.61 |
27.43 |
0.82 |
24.2 |
0.468 |
7.3 |
|
R-07-9 |
685918 |
27.43 |
28.96 |
1.53 |
29 |
0.457 |
11.4 |
|
R-07-9 |
685919 |
28.96 |
30.36 |
1.40 |
1.21 |
0.0997 |
1.6 |
|
Total/Average |
|
|
19.69 |
7.82 |
0.42 |
12.45 |
|
|
|
|
|
|
|
|
|
|
|
R-07-9 |
685916 |
26.61 |
27.43 |
0.82 |
24.2 |
0.468 |
7.3 |
|
R-07-9 |
685918 |
27.43 |
28.96 |
1.52 |
29 |
0.457 |
11.4 |
|
Total/Average |
|
|
2.35 |
27.32 |
0.46 |
9.96 |
|
|
|
|
|
|
|
|
|
|
|
R-07-9 |
685925 |
37.03 |
38.40 |
1.37 |
2.61 |
0.36 |
10.6 |
|
R-07-9 |
685926 |
38.40 |
39.17 |
0.76 |
1.32 |
0.0355 |
1.3 |
|
R-07-9 |
685927 |
39.17 |
41.15 |
1.98 |
9.5 |
0.1625 |
5.4 |
|
R-07-9 |
685928 |
41.15 |
42.67 |
1.52 |
0.983 |
0.22 |
4.9 |
|
R-07-9 |
685929 |
42.67 |
43.28 |
0.61 |
1.63 |
0.088 |
0.7 |
|
Total/Average |
|
|
6.25 |
4.14 |
0.20 |
5.46 |
|
|
|
|
|
|
|
|
|
|
|
R-07-9 |
685935 |
67.67 |
69.34 |
1.68 |
6.58 |
0.74 |
29.60 |
|
|
|
|
|
|
|
|
|
|
R-07-9 |
685939 |
91.44 |
93.15 |
1.71 |
2.45 |
0.13 |
1.30 |
The NW Zone was the focus of drill testing by Gulf International Minerals Inc. ("Gulf") between 1987 and 1990. Based on this drilling, the NW Zone was calculated to contain an NI 43-101 compliant inferred resource of 1,406,000 tonnes at a grade of 4.43 gpt gold, 0.22% copper and 6.4 gpt silver or a gold equivalent grade (AuEq) of 5.16 gpt(see 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.
Hole R-07-1 was drilled at the Ken Zone to test the down-dip continuity of a zone of gold-copper mineralization encountered in a number of holes identified as 88-PG-1 through 88-PG-6, drilled in the late 1980s. The hole was drilled due north with a dip of minus 60ยบ to a total depth of 151.18 metres (496.0 feet). Several altered, iron oxide-rich zones were intersected in the hole, the most notable from 49.38m to 50.29m (0.91 metres or 3.0 feet) which assayed 1.54 grams/tonne gold and 0.382% copper and from 50.90m to 52.43m (1.53metres or 5.0 feet) which averaged 4.48 grams/tonne gold and 0.62% copper confirming continuity of the gold-copper mineralization in the earlier drilling at the Ken Zone.
The balance of the 7 short exploratory holes were drilled to test a number of surface occurrences of gold and copper within the property. Samples from these holes returned low values in gold and copper.
All drill core samples submitted by Romios to the laboratory of ALS Chemex were analyzed for gold, copper and silver by ICP analyses. Samples with high results from the ICP analyses were further tested for gold by fire assay and for copper and silver by Atomic Absorption. From the current drilling at the Newmont Lake Project, mineralized core intervals from both BTW and NQ diameter drill core, were split in the field using an electric-powered core saw and then the samples were hand-delivered to ALS Chemex Laboratories in Terrace, British Columbia for preparation and then shipped toVancouver for analyses. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program was implemented involving the insertion of blanks, standards and splits.
The Newmont Lake Property is located approximately 30 kilometres west of the Bob Quinn Airport on the Stewart-Cassiar Highway (Highway 37) and only 10 kilometres southwest of the access road to NovaGold/Teck Cominco's Galore Creek Project, which is substantially complete beyond the Newmont Lake Property.
The management of Romios is very pleased with the results of the exploration program carried out this past summer at its Newmont Lake Property, particularly the results of hole R-07-09 drilled in the vicinity of the NW Zone. The results imply that the NW Zone has the potential to be much larger than originally thought and as a result, the Company intends to carry out an aggressive drill program at the NW Zone during the summer of 2008.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P.Eng., Vice-President of Exploration and a Director is the Qualified Person ("QP") in accordance with NI 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc is a Canadian exploration company which focuses on the acquisition and exploration of precious and base metal prospects in the vicinity of major mining camps throughout North America. Currently, Romios is involved in several major exploration projects in British Columbia, Ontario and Nevada. Romios has been a public company since 1995 and in addition to trading on the Toronto Venture Exchange, it trades on the Over-The-Counter market in the United States (Exemption No. 82-5093, symbol: RMIOF) and on the Frankfurt Stock Exchange in Germany (symbol: D4R).
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.
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.