Romios Commences Drilling and Exploration in the Golden Triangle, Northwestern British Columbia
TORONTO, ONTARIO -- (Marketwire) -- 07/10/12 -- Romios Gold Resources Inc. (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) is pleased to announce that it has commenced an exploration program on its Newmont Lake and Trek Projects located in the Golden Triangle mineralized district in northwestern British Columbia. Romios' mineral tenures are located among 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.
The Newmont Lake Project area hosts a series of high quality gold, silver, and copper bearing (Au, Ag, and Cu) porphyry and massive sulphide occurrences along a major fault system. Exploration efforts have already identified the Ken, Jazzman, and Cuba zones, and the high-grade Northwest Zone massive sulphide deposit containing an NI 43-101 Inferred Resource of 1.406 million tonnes grading approximately 4.43 g/t Au, 0.22% Cu, and 6.4 g/t Ag, or a gold equivalent grade (AuEq) of 5.16 g/t (see Press Release dated March 26, 2007). Mineral Resources have not demonstrated economic viability and therefore are not Mineral Reserves. A metallurgical test hole R08-07 drilled in 2008 within the central portion of the Northwest Zone intersected bonanza grade gold and silver mineralization grading 753 g/t Au (21.96 oz), 0.69% Cu, and 462 g/t (13.47 oz) Ag over a core length of 0.44 metres (1.45 feet) within a 14.01 metre (45.95 feet) mineralized interval that assayed 26.44 g/t (.77 oz) Au, 21.36 g/t (.62 oz) Ag and 0.21% Cu.
Recent geological work by Romios suggests that the massive sulphide zones on the Newmont Lake Project are likely connected by a series of major fault systems and feeder zones that management believes can be traced using modern exploration methods. Collectively, the massive sulphides and porphyry-related mineralization may represent a major polymetallic district within approximately 15 kilometres of developing road, power, and communications infrastructure (Press Release dated April 3, 2012).
The 2012 exploration program will consist principally of diamond drilling and will also include ground geophysical surveys. A drill rig and crew were mobilized to the property on July 2nd. The geophysical program, expected to start in mid July, will use a portable single-point source of audio- magnetotellurics ("AMT") to test for horizons of conductive mineralization adjacent to and up to 500 metres below known mineralized areas. The program may also include down-hole induced- polarization and resistivity tomographic surveys.
Romios' exploration program targets the following five principle areas:
-- Extensions to the significant and near-surface Au and Cu grades at the
Ken Zone to the west, south, and at depth.
-- Drilling at the Jazzman Zone, located 150 metres to the north and 300
metres below the Northwest Zone, which may represent another Northwest
Zone-style body of mineralization along trend. Historic drilling in 1990
by Jazzman Resources (drill hole J90-02) encountered widespread
mineralization that assayed 0.32 g/t Au over 70 metres, which included
nine 1.0 metre-long intervals ranging from 1.05 to 9.2 g/t Au, and ended
in mineralization that assayed 4.2 g/t Au over 1.3 metres.
-- Continuation and advancement of the drilling success and discoveries
encountered during 2011 drilling on the '72 and Telena Zones' porphyry-
style Cu, Au, Ag, and Pd/Pt.
-- Continued mineralization definition by channel sampling at the North
Zone on Romios' Trek property. Geophysics in the area will additionally
target offset sections of the North Zone.
-- A series of prospective targets and additional higher-grade occurrences
will be evaluated with ongoing exploration efforts.
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 Golden Triangle area properties in British Columbia, which sit amongst the GCMC's copper-gold-silver deposit, Pretium Resources' Brucejack deposit and Barrick Gold's high grade gold mine at Eskay Creek.
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
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.
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.
Contacts:
Romios Gold Resources Inc.
Tom Drivas
President, CEO and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com
Romios Gold Resources Inc.
Scott Close, P.Geo
Exploration Manager
406-366-3880
scott@ethosgeo.com
Romios Gold Resources Inc.
Thomas Skimming, P.Eng
Vice-President, Exploration and Director
416-444-0900
tmsk8ing@hotmail.com
Romios Gold Resources Inc.
Mel de Quadros, Ph.D., P.Eng.
Director
416-668-6145
ymirconsulting@gmail.com
Romios Gold Resources Inc.
Michael D'Amico
CFO
647-500-6023
Michael@baystreetconnect.com
Head Office: Romios Gold Resources Inc.
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
416-221-4124
416 218-9772 (FAX)
www.romios.com
