- Press Releases
TORONTO, ONTARIO - Feb. 14, 2006 - Tom Drivas, President of Romios Gold Resources Inc. ("Romios" or "the Corporation")(TSX VENTURE:RG) is pleased to announce that as a consequence of the significant increase in the price of gold during the last two years, it intends to resume drilling on its Scossa Gold Property in the state of Nevada, U.S.A.
Prior to the initiation of the program, a Notice of Intent to undertake a drill program and an environmental Reclamation Bond must be filed with the Nevada State Office of the Bureau of Land Management (BLM). Once the required approval has been received from the BLM, which is expected to take up to 45 days, ROMIOS plans to drill a number of holes, deeper than those previously completed, to test the depth continuity of the gold mineralization encountered in earlier drilling on the property. The proposed program will utilize a rig capable of generating large diameter drill core to ensure good recovery within the mineralized sections.
As previously reported (Press Release dated October 10, 2000), a total of 14 holes (DDH-00-01 through DDH-00-14), aggregating 1,107.3 metres (3,633.0 feet) in length were completed by ROMIOS to test several of the gold-bearing, epithermal quartz breccia veins on the property. A number of significant high grade gold intersections were encountered, ie:
DDH-00-02 1.83 meters 364.04 Au g/tonne 6.0 ft. 10.63 Au oz./tonDDH-00-03 1.98 meters 295.20 Au g/tonne 6.5 ft. 8.62 Au oz./tonDDH-00-05 1.46 meters 68.84 Au g/tonne 4.8 ft. 2.01 Au oz/ton
The Scossa property, located in Pershing County in the north central portion of Nevada, consists of 41 lode mineral claims totaling 388.5 hectares (960 acres) in area and an option to acquire an additional 310 acres. The property is located approximately 6 miles southeast of the Rosebud Mine (Hecla and Newmont Mining), a high grade, underground gold mine which ceased operations recently
and about 8 miles southeast of Vista Gold Corporation's Hycroft Mine, an open pit gold mine that has produced over 1.1 million ounces of gold to date (currently on a "care and maintenance" basis).
The property encompasses a number of steeply-dipping, gold-bearing, epithermal, brecciated quartz veins and fault breccias that range from several feet to more than 10 feet in width. In an earlier exploration program carried out by ROMIOS, a total of 11 old shafts and extensive underground workings were mapped and sampled along various levels. Exposures within these shafts indicated the existence of at least five significant, vein-filled structures on the property, which are believed to extend well beyond the immediate area of the historic workings. Four additional, parallel structures were identified on the property with little or no evidence of any previous work.
ROMIOS trades on the over-the-counter market in the U.S. (Exemption No. 82-5093, Symbol: RMIOF)
The current outstanding capital of Romios Gold Resources Inc. is 28,032,990 shares.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P. Eng., Vice President of Exploration and a director of the Company, is the Qualified Person ("QP") in accordance with NI 43-101.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release
Romios Gold Resources Inc.
President and Director
(416) 218-9772 (FAX)
Romios Gold Resources Inc.
Vice President of Exploration and Director
(416) 444-0586 (FAX)
You can view the Next News Releases item: March 3, 2006, Mr. Garth D. Kirkham Appointed To Romios's Board Of Directors
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