- Press Releases
|TORONTO, ONTARIO, June 26, 2014, Romios Gold Resources Inc. (TSX.V-RG) ("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:
Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) firstname.lastname@example.org
Thomas Skimming, P.Eng., Vice-President, Exploration and Director, (tel) (416)-444-0900 or (email) email@example.com
Frank van de Water, Chief Operating Officer and Director, (tel) (416) 221-4124 or (email) firstname.lastname@example.org
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