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RG Romios Gold Resources Inc

0.01
0.00 (0.00%)
27 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Romios Gold Resources Inc TSXV:RG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.01 0.015 0 00:00:00

Romios Announces 2014 Summer Exploration Program on Its Newmont Lake Property in Northwestern BC

26/06/2014 3:00pm

Marketwired Canada


Romios Gold Resources Inc. (TSX VENTURE:RG) (PINKSHEETS:RMIOF) (FRANKFURT:D4R)
("Romios" or the "Company") today announced that it is planning to conduct a
mapping and sampling program and to carry out an evaluation of various showings
and mineralized occurrences at the Newmont Lake Property. Newmont Lake is 30 km
northwest of Barrick Gold's Eskay Creek gold mine.


The focus of the 2014 program will be to follow up on the work completed to-date
and new information obtained from the September 2013 airborne ZTEM and magnetic
geophysical survey carried out by Geotech Ltd (see news release dated April 16,
2014).


The exploration program, expected to take three weeks to complete, will include
a four-man team of geologists and geo-technicians that are well-experienced in
this northwestern portion of the Stikine Terrane.


At the Burgundy Ridge Discovery in the Newmont Lake area, the 2013 assays
averaged 0.47% copper, 0.27g/t gold and 3.77 g/t silver for 100 rock chip and
rock samples over an area of 300 by 225 metres (see news release dated October
7, 2013).  Channel sample lines will be taken across the anomalous zone in order
to gain a better understanding as to the nature and distribution of the precious
and base metal mineralization. During the 2013 program, crews collected a number
of grab samples that yielded exceptionally high copper values associated with
significant gold-silver mineralization. The two most notable samples collected
assayed 21.9 % Cu, 7.38 g/t Au, 51.1 g/t Ag and 26.6% Cu, 1.48 g/t Au, 128 g/t
Ag respectively.  The on-strike mineralized occurrences of the Telena and '72
Zones will also be examined as part of the Burgundy Ridge evaluation and the
possible extension of these zones to the north and south will be tested.


Work on the Northwest Zone (which currently has an Inferred Resource of
1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu and 6.4 gpt Ag or a gold
equivalent grade (AuEq) of 5.16 gpt (see news release dated March 27, 2007) will
include the re-examination of the more significant diamond drill core intercepts
to gain a greater understanding of the nature and the structural control of the
gold-silver mineralization encountered in earlier drilling on the property. The
possible extension to these zones will be examined and structural
interpretations will be made in order to identify further drill targets. Several
of the genetic and structurally related satellite gold-silver-copper occurrences
will also be re-examined in the field. 


Geotech Ltd. reported that the airborne ZTEM (Z-Axis Tipper Electromagnetic) and
Aeromagnetic surveys readily identified the known copper-gold-silver occurrences
on which Romios has been conducting exploration programs during the last several
years. In addition, the Geotech geophysical surveys defined at least seventeen
discrete magnetic anomalies of which nine appear to be unexplained geologically
and also defined at least fourteen favourable resistivity signatures that appear
to relate to bedrock geology on the property. More than eleven of the prominent
resistivity highs that were identified in the ZTEM survey partially coincide
with the seventeen airborne magnetic anomalies that were outlined in the
airborne magnetic survey. These areas will be prospected and sampled as they may
present potential targets for porphyry-type mineralization.


This press release was reviewed and approved by Thomas Skimming, P.Eng,
Vice-President of Exploration and a Director of Romios 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 actively engaged in precious and base metal exploration
in 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 currently exploring its Golden Triangle 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.


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: 
Romios Gold Resources Inc.
Tom Drivas
President and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com


Romios Gold Resources Inc.
Thomas Skimming, P.Eng.
Vice-President, Exploration and Director
(416)-444-0900
tmsk8ing@hotmail.com


Romios Gold Resources Inc.
Frank van de Water
Chief Operating Officer and Director
(416) 221-4124
fvandewater@on.aibn.com

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