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RG Romios Gold Resources Inc

0.015
0.00 (0.00%)
14 Jun 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% 0.015 0.01 0.015 0 01:00:00

Romios Updates Activity on the Timmins-Hislop Property

15/07/2013 3:17pm

Marketwired Canada


Romios Gold Resources Inc. (TSX VENTURE:RG)(PINKSHEETS:RMIOF)(FRANKFURT:D4R)
("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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tom Drivas
President, CEO and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com


Thomas Skimming, P.Eng
Vice-President, Exploration and Director
416-444-0900
tmsk8ing@hotmail.com
www.romios.com

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