ROMIOS Begins Drilling on a 10 km Long Series of High Potential Targets on Strike From Its Atim Lake North Cu-Au-Ag Discovery in NW Ontario
Exploration Resumes on Musselwhite-type Gold Targets
Romios' field crew has now conducted a focussed program of soil sampling and prospecting along selected portions of the 8 km length of the same banded iron formation (BIF) that hosts the > 7 million ounce MusselWhite Gold Corp. mine. Analytical results are pending. The company intends to drill a number of short holes into any portions of the BIF that return anomalous gold-in-soil values. Given the proximity to road and power and an existing mine and mill complex, it is expected that even a low grade, open-pit deposit will be economic in this area.
High Grade Gold in Shear Zones
In addition to the gold-in-iron formation and massive sulphide targets, Romios Lundmark-Akow Lake claims cover the shear-hosted Spence showing which returned assays up to 38.6 oz/t Au in 1997. Romios' exploration crew has completed first pass soil sampling over the showing and two bounding magnetic lows that flank the mineralized area. Detailed work is ongoing in an effort to determine the size potential of this high-grade gold prospect.
The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios and a Qualified Person as defined by National Instrument 43-101. John worked at Musselwhite for 12 years as the senior exploration and research geologist and is heading up the summer 2019 exploration program.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper. It has extensive claim holdings covering porphyry copper-gold prospects in the "Golden Triangle" of British Columbia as well as a 100% interest in the Lundmark-Akow Lake property in Ontario, the LaCorne molybdenum property in Quebec and the Scossa gold property in Nevada. The company also retains a 2% NSR on the Hislop gold property in Ontario.
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 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 and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) romios@romios.com.
John Biczok, P. Geo., Vice-President, Exploration, (tel) 613-410-7877 or (email) john.biczok@gmail.com
Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) fvandewater@rogers.com.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/45440