TORONTO, ONTARIO (August 9, 2012) -- Romios Gold Resources Inc. (TSX.V -RG) ("Romios" or the "Company") is pleased to provide an update on the exploration being carried out on its Newmont Lake and Trek properties announced on July 10, 2012. Romios' mineral tenures are located between Pretium Resources' Brucejack deposit, Barrick Gold's Eskay Creek mine, and the Galore Creek Mining Corporation's (GCMC, a NovaGold/Teck Resources' joint venture) Galore Creek project.
To date, Romios has completed 10 diamond drill holes totalling 1,815 metres on its Ken, Northwest-Jazzman, and '72 Zone exploration targets located within its Newmont Lake project. Additionally, Romios conducted 24 CSAMT (controlled-source audiomagnetotelluric) single-point geophysical readings, 477 metres of down-hole resistivity surveys, and 350 metres of surface-to-borehole resistivity surveys. The 10 drilled holes are KZ12-08, KZ12-09, JZ12-14, and DRK12-04 through DRK12-10.
Romios' exploration program has focused on the following principle areas and a brief update of preliminary results is set out below:
- Drill holes KZ12-08 and KZ12-09 at the Ken Zone confirmed the existence of volcanogenic massive sulphide ("VMS") related mineralization near surface and indicates that the Ken Zone remains open to the west, south, and at depth. Continued drilling at the Ken Zone (planned drill holes KZ12-10 and 11) will target expansion of the sulphide mineralization, as well as test for additional VMS and VMS-related mineralization along a 1.3 kilometre-long trend of anomalous magnetic highs.
- Drilling, CSAMT, and surface-to-borehole resistivity surveys at the Northwest-Jazzman massive sulphide zones have indicated an area of high conductivity at 350 metres depth, immediately to the north of the Northwest Zone. Drill hole JZ12-14, drilled near this area, encountered numerous sulphide-bearing horizons throughout its entire length from 0 to 715 metres down-hole (locally ranging up to 25% pyrite by volume over 1.0 metre).
- Holes DRK12-04 through DRK12-10 were drilled to test for a possible expansion of the high grade gold and copper intercepts discovered at the '72 Zone in 2011. Bornite and chalcopyrite mineralization was encountered in every hole except DRK12-09 which was stopped due to broken ground before reaching its target depth. CSAMT surveys identified a conductive horizon, coincident with a known occurrence of sulphide mineralization, which is both open and dipping to the southwest. DRK12-10 additionally intersected a sulphide-mineralized porphyry intrusion at 112 metres down-hole, within the vicinity of the deeper conductive horizon indicated from the CSAMT surveys, which is likely related to the overlying bornite and chalcopyrite mineralization at surface and suggests the presence of a larger mineralized porphyry system.
- The results of additional borehole resistivity and CSAMT surveys conducted at the Telena Zone, and CSAMT surveys from the North Zone on the Trek property, are presently under review.
As a matter of procedure, all drill core is cut at the camp using an electric-powered core saw, bagged and sealed for shipping to SGS Minerals for processing in Telkwa, BC. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program is implemented involving the insertion of blanks, standards and splits to ensure reliable assay results.
The technical information contained in this press release has been reviewed by Mr. Scott Close, P.Geo., Exploration Manager 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, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-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, CEO and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) romios@romios.com
Scott Close, P.Geo, Exploration Manager, (tel) 604 424-4456 or (email) scott@ethosgeo.com
Thomas Skimming, P.Eng, Vice-President, Exploration and Director, (tel) 416-444-0900 or (email) tmsk8ing@hotmail.com
Michael D'Amico, CFO: (tel) 647-500-6023 or (email) Michael@baystreetconnect.com
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
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.