- Press Releases
TORONTO, ONTARIO, July 15, 2013 Romios Gold Resources Inc. (TSX-V: RG) ("Romios" or the "Company") is pleased to report on the progress of the exploration on the Timmins-Hislop Property (the "Property"), located on the southwestern edge of the Porcupine-Destor Fault and surrounded by a number of significant gold deposits and occurrences, including the St. Andrew Goldfields Ltd.'s Hislop Mine and within 400 metres of Brigus Gold Corp's recently discovered "Contact Zone".
Mexivada Mining Corp., which was exploring the Hislop Property under an option agreement with Romios, encountered visible gold in three of the four holes, identified as R12-001 through R12-004,that they drilled on the property during the month of September, 2012. Mexivada was unable to fulfill the terms of the option agreement with Romios and as a result, Romios reacquired unrestricted title to the Property.
The most notable gold mineralization encountered by Mexivada was in their drill hole R12-001 which intersected a 3.8 metre (12.46 feet) interval that averaged 9.0 g/t gold. A higher grade zone within this interval assayed 23.5 g/t gold over 0.80 metre (2.62 feet). Similarly, in drill hole R12-003, an interval of 1.3 metres (4.26 feet) was intersected that averaged 21.4 g/t gold. Deeper in the hole, a second interval of 4.7 metres (15.42 feet) assayed 2.7 g/t gold. The gold mineralization is associated with quartz-ankerite veins and stringers within a massive tholeiitic host rock.
In 2013, Romios commenced a review of all previous exploration work carried out on the property as far back as 1988 when the Chevron Minerals-Stroud Resources Joint Venture completed 12 exploratory drill holes on the property. This review included re-logging and re-assaying all available drill core, including core which was not previously assayed. The results of this work were computerized and analyzed in detail. As previously reported, gold was encountered in most of the holes drilled by Chevron, the most notable being hole C-88-202 which intersected a zone 0.72 metre (2.36 feet) wide that assayed 12.12 g/t gold. Re-sampling the core in other drill holes by Romios identified a 1.0 metre (3.28 feet) wide zone in hole C-88-204 that assayed 2.6 g/t gold. Similarly, a 1.0 metre (3.28 feet) wide zone in hole C-88-232 assayed 4.51 g/t gold.
As a result of the comprehensive review of the results of previous exploration on the Hislop Property, principally the drilling carried out by the Chevron-Stroud joint venture and by Mexivada, Romios has identified 4 potential, parallel gold-bearing zones that transect the property with an azimuth of approximately 290 degrees. This attitude is consistent with the orientation of several neighbouring gold zones south and southeast of the Hislop Property. Future work on the property is planned and is expected to consist of surface sampling of large outcrop areas previously unsampled. In addition, infill drilling between intersections of known mineralization and offset drilling is planned to determine the continuity and extent of the gold-bearing structures.
The technical information contained in this press release has been reviewed and approved by Mr. Thomas Skimming, P.Eng. Vice President -Exploration, Director and a Qualified Person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc. is a progressive Canadian mineral exploration company 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, located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
For further information, please contact:
Tom Drivas, President, CEO and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) email@example.com website www.romios.com
Thomas Skimming, P.Eng, Vice-President, Exploration and Director, (tel) 416-444-0900 or (email) firstname.lastname@example.org
This News Release contains forward-looking statements which are typically preceded by, followed by or including 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.
Neither the 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.
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