- Press Releases
The management of Romios Gold Resources Inc. ("Romios" or the "Corporation") is pleased to announce the discovery of significant copper, gold and silver mineralization on its Dirk Property in northwestern British Columbia. Only two, namely the Dirk Zone and the Telena Zone, out of a number of mineralized zones discovered on the property, have been sampled to date. A total of 15 samples were collected from the Dirk Zone consisting of eight 1.0 metre long (3.28 feet) contiguous chip samples, one 3.0 metre long (9.84 feet) continuous chip sample and six representative grab samples. The eight, one metre chip samples were taken from the main Dirk showing where mineralization consists of bornite, covellite and chalcopyrite in irregular, discontinuous, resistively weathered veins cutting large, silicified limestone rafts within the syenite intrusive complex. These eight samples averaged 2.9% copper and 0.64 g/t gold over the full eight metres (26.24 feet). The 3 meter chip sample was taken from a mineralized section which contains disseminated to coarse, clotty chalcopyrite and bornite which exhibits garnet and epidote alteration and extends for 15 metres before it disappears under an extensive cover of snow. This 3.0 metre continuous chip sample from a second mineralized section of the Dirk Zone assayed 6.21% copper and 0.57 g/t gold. Two of the representative grab samples of altered and mineralized limestone and syenite assayed 3.08% copper and 1.39 g/t gold and 2.38% copper and 2.06 g/t goldrespectively.
The Telena Zone exhibits styles of high-grade copper and gold mineralization within a syenitic dyke swarm similar to that observed at the Dirk Zone. Copper mineralization occurs as fine, stockworking veinlets, coarse clots and disseminations of bornite and chalcopyrite within the potassium-feldspar megacrystic to trachyitic syenite dykes. Stringers of chalcopyrite up to 5% by volume associated with a bornite-cemented breccia along a shear zone are exposed on a 40 metre high cliff face on the property. A representative grab sample from this area assayed 2.07% copper and 0.97 g/t gold. Contiguous chip samples collected along a 24 metre (78.74 feet) length of the Telena Zone (16 samples-each sample, one to two metres in length) averaged 0.74% copper and 0.33 g/t gold. Within this zone, a 7.0 metre (22.96 feet) section averaged 2.0% copper and 0.71 g/t gold which in turn, contained two sections, each one metre in length, that assayed 3.55% copper, 1.38 g/t gold, 16.2 g/t silver and 5.69% copper, 2.2 g/t gold, 20.7 g/t silver respectively.
The sampling program on the Dirk Property was carried out during the summer of 2009 and was part of the exploration program that was announced in a Press Release issued on June 1, 2009 wherein the Company disclosed its intent to spend $1.5 million on mineral exploration, principally diamond drilling, in the Galore Creek area.
The mineralization on the Dirk Property consists of veinlets and stringers of bornite, chalcopyrite and trace amounts of covellite within breccias and carbonate rocks that appear to be genetically related to orthoclase megacrystic syenite intrusions similar to those at NovaGold-Teck Resources' Galore Creek project and Imperial Metals Corporation's Mount Polley mine in central British Columbia. A dyke swarm trends northeast across the property and has been traced for approximately 3 kilometers along strike and approximately one kilometer in width where snow and ice cover allow outcrop to be exposed. The property is located approximately 37 kilometres southeast of the Galore Creek deposits and more precisely, 7 kilometres northwest of Newmont Lake.
On October 31, 2009 a total of 26 new claims encompassing an area of approximately 9,874 hectares (approximately 24,400 acres) were staked to cover extensions of the Dirk Property mineral trend.
Tom Drivas, President of Romios commented: "The discovery of the Dirk and Telena zones on the Dirk Property represents the second significant discovery of copper-gold mineralization made during the last 2 years on our properties. The company intends to initiate an aggressive exploration program consisting principally of airborne and ground geophysical surveys, grid sampling, mapping and diamond drilling during the summer of 2010 on the Dirk Property in addition to continuing systematic exploration on the Trek Property. We are very excited about the potential of the Dirk and Trek Properties and the similarity of the mineralization and the geological setting to the other major orebodies in British Columbia and we look forward with enthusiasm to the forthcoming exploration season."
The technical information contained in this press release has been reviewed and approved by Mr. Thomas Skimming, P. Eng., Geologist, V.P. of Exploration, Director of Romios Gold Resources Inc. 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, copper, silver and molybdenum. Romios has significant property interests in British Columbia, Ontario Quebec and Nevada. The Corporation is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Nova Gold/Teck Resources' large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.
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, Vice President of Exploration and Director: (tel) 416-444-0900, (fax) 416-444-0586 or (email) email@example.com
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Contact: Tom Drivas, President
Email Address: firstname.lastname@example.org
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.
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