- Press Releases
Toronto, September 28, 2009 - The management of Romios Gold Resources Inc. (TSX-V: RG) is pleased to announce the results of the diamond drill program that was carried out during the summer of 2009 on its Newmont Lake and Trek properties located in the Galore Creek area of northwestern British Columbia.
A total of 9 holes, collectively measuring 2,370 metres (7,775.59 feet) in length were drilled on the Trek property during the 2009 summer season. The drill program was designed to further delineate the breccia-hosted copper-gold mineralization and wide zones of porphyry-style gold-copper mineralization intersected in the diamond drill program carried out last summer on the property (Hole TRK08-01 intersected a 32.0 metre (105 feet) wide mineralized breccia zone that assayed 2.06% copper, 1.05 g/t gold and 26.01 g/t silver and Hole TRK08-02 intersected a mineralized interval of 27.0 metres (88.57 feet) that averaged 0.31% copper, 3.27 g/t gold and 5.71 g/t silver). The program was also designed to determine the significance of the extensive copper, gold and silver mineralization (4 representative grab samples of this mineralization collected last year averaged 5.15 g/t gold, 5.08 g/t silver and 4.18% copper) that was discovered in a reconnaissance prospecting program northeast of the holes drilled during the summer of 2008 and referred to as the Northeast and Upper Northeast zones.
Widespread copper-gold mineralization was encountered in all of the holes that were drilled on the Trek property during the 2009 drill program and in some holes, high-grade mineralization was encountered, the most noteworthy being: Hole TRK09-06 intersected a 5.5 metre (18.04 feet) interval of massive sulphide that assayed 8.49 g/t in gold, 4.10 g/t in silver and 0.14% copper and Hole TRK09-09 intersected an interval of 1.50 metres (4.92 feet) that averaged 5.22% copper, 4.67 g/t gold and 29.30 g/t silver. The mineralized intervals with corresponding assays for each of the holes are as follows:
Hole TRK09-01 was drilled to a total depth of 321.0 metres (1,053 feet). The hole intersected 151.0 metres (495.40 feet) of stringer-type pyrite and chalcopyrite mineralization which averaged 0.12% copper, 0.18 g/t gold and 1.18 g/t silver. Within this zone, a 24.0 metre (78.74 feet) section assayed 0.35% copper, 0.15 g/t gold and 3.16 g/t silver and a zone, 2.0 metres (6.56 feet) in width, assayed 0.74% copper, 0.68 g/t gold and 2.10 g/t silver.
Hole TRK09-02 reached a depth of 153 meters (502 feet) through the Upper Northeast zone. This hole targeted copper mineralization exposed within surrounding rock outcrop. The hole intersected three wide zones of mineralization: the first zone, 41.0 metres (134.5 feet) in width, assayed 0.12% copper, 0.18 g/t gold and 0.19 g/t silver; the second zone, 52.0 metres (170.60 feet) in width, assayed 0.11% copper, 0.24 g/t gold and 0.27 g/t silver and the third zone, 27.0 metres (88.58 feet) in width, assayed 0.12% copper, 0.07 g/t gold and 0.06 g/t silver. A zone, 1.5 metres (4.92 feet) wide in the middle of the hole, assayed 0.61% copper, 1.76 g/t gold and 1.70 g/t silver.
Hole TRK09-03 was drilled to a total depth of 174.0 metres (570 feet) to test the Northeast Zone, lying along trend of both the Upper Northeast Zone and the North Zone (drilled in 2008). The hole intersected an 82.13 metre (269.45 feet) width of fracture-controlled pyrite-chalcopyrite mineralization which averaged 0.14% copper, 0.07 g/t gold and 2.28 g/t silver. Within this section, a 2.00 metre (6.56 feet)zone assayed 1.34% copper, 0.13 g/t gold and 64.70 g/t silver.
Hole TRK09-04 was drilled to a depth of 141 metres (462.6 feet) in the vicinity of the Upper Northeast zone. The hole encountered a mineralized zone, 75.70 metres (248.35 feet) in width that assayed 0.06% copper, 0.10 g/t gold and 0.16 g/t silver.
Drill Hole TRK-09-05 was drilled to a depth of 399.0 metres (1,308.72 feet) and encountered pervasive malachite staining from the top to the bottom of the hole. The core from the entire hole averaged 0.09% copper, 0.15g/t gold and 1.03g/t silver. Two higher grade zones were intersected in the hole. The first one, 112.0 metres (367.45 feet) in width averaged 0.10 % copper, 0.20 g/t gold and 1.13 g/t silver and the second, 81.5 metres (267.38 feet) in width, averaged 0.14% copper, 0.32 g/t gold and 2.04 g/t silver. An 8.0 metre (26.24 feet) zone within the latter zone, assayed 0.48% copper, 1.17 g/t gold and 7.05 g/t silver.
Drill hole TRK09-06, drilled to a depth of 309 metres (1,013.78 feet), intersected a 5.5 metre (18.04 feet)interval of massive sulphide from 71.0 to 76.5 metres in the hole that assayed 8.49 g/t in gold, 4.10 g/t in silver and 0.14% copper. A 16.0 metre (52.48 feet) wide mineralized zone deeper in the hole averaged 0.24% copper, 0.29 g/t gold and 1.73 g/t silver. These zones of higher grade mineralization are contained within a thick envelope of pervasive copper-gold mineralization that assayed 0.11% copper, 0.40 g/t gold and 1.48 g/t silver over a continuous drill hole length of 208.0 metres (682.41 feet).
Drill Hole TRK09-07 intersected a 19.9metre (65.28 feet) width of mineralized breccia that averaged 1.16% copper, 0.12 g/t gold and 10.43 g/t silver. This zone occurs within a wider mineralized zone, 53.75 metres (176.35 feet) in width that averaged 0.51% copper, 0.11 g/t gold and 4.14 g/t silver. The hole was drilled to a depth of 201 metres (659.45 feet).
Drill Hole TRK09-08 was drilled to a depth of 240 metres (787.40 feet). The hole intersected a width of 53.0 metres (173.88 feet) of mineralization that averaged 0.08% copper, 0.07 g/t gold and 0.74 g/t silver. Within this zone, an 8.0 metre (26.24 feet) section of core assayed 0.19% copper, 0.18 g/t gold and 2.23 g/t silver.
Drill Hole TRK09-09 collared in mineralization and intersected a 159.0 metres (521.65 feet) zone that averaged 0.19% copper, 0.13 g/t gold and 1.06 g/t silver. Within this zone, a higher grade, 4.50 metre (14.76 feet) interval assayed 2.16% copper, 1.66 g/t gold and 12.03 g/t silver. This section included a 1.50 metre (4.92 feet) which averaged 5.22% copper, 4.67 g/t gold and 29.30 g/t silver. The hole was drilled to a depth of 435 metres (1,427.2 feet).
The copper-gold mineralization on the Trek property occurs within breccia zones, faults, and as fracture filling and disseminations within andesitic-type volcanic rocks. The results of the drilling to date suggest the presence of one or more planar bodies of copper-gold mineralization with pronounced southwest-northeast trends and thicknesses up to 100 metres (328 feet) that coincide with southwest-northeast trending vertical gradient, airborne magnetic anomalies.
The results of the 2009 drill program exemplify the prolific and widespread nature of the copper-gold mineralization on the Trek property. Without exception, each of the nine holes drilled during 2009 encountered significant widths of porphyry-style copper and gold mineralization at the North, Northeast and Upper Northeast zones and extended the North zone in an easterly direction for over 400 metres. The combined 2008 and 2009 diamond drill programs on the Trek property have defined a mineralized area measuring approximately 720 metres by 260 metres that appears to be open to the south, east and north. Additionally, two airborne magnetic trends that coincide with known surface mineralization exist to the southeast and northwest and are parallel to the zone of copper-gold mineralization that has been outlined by the current drilling program.
You can view a map showing the location of all of the holes (15 in total) that have been drilled on the Trek property, superimposed on an airborne vertical gradient magnetic map, by clicking here: http://www.romios.com/i/maps/Trek-North-Zone-Map.jpg
At the Newmont Lake property, four holes (Holes NLP09-01, NLP09-02, NLP09-03 and NLP09-04), collectively totaling 399.0 metres (1,309 feet) in length, were drilled to test strong, chargeability anomalies that were outlined by an induced polarization (IP) survey carried out as part of the 2008 exploration program. The anomalies were found to be coincident with large altered, gossanous rock outcrops, referred to as the Lower Northwest zone, located a short distance from the known gold-silver-copper resource (a NI 43-101 inferred resource of 1,406,000 tonnes containing 200,000 ounces of gold at 4.43 g/t, 6,790,000 lbs of copper at 0.22% and 291,000 ounces of silver at 6.4 g/t that was announced in a press release dated March 26, 2007).
Hole NLP09-01 was terminated prematurely at a depth of 21.0 metres (68.9 feet) because of very badly fractured and sheared bedrock before the target zone was reached. Holes NLP09-02, NLP09-03 and NLP09-04 were drilled to depths of 135.0 metres (442.9 feet), 90.0 metres (295.3 feet) and 153.0 metres 501.9 feet) respectively. Each hole intersected varying widths of sulphide mineralization, principally pyrite, which occurs both as disseminations and within quartz-carbonate veinlets and stringers.
None of the core from Hole NLP09-01 was assayed and Hole NLP09-02 contained only minor amounts of gold and copper.
Hole NLP09-03 intersected three separate zones of mineralization. The first, a 16.5 metre (54.13 feet)wide pyritic zone assayed 0.10 g/t gold and 0.06 % copper; the second, a 12.0 metre (39.37 feet) zone of similar mineralization, assayed 0.24 g/t gold and trace copper; and the third zone, 3.00 metres (9.84 feet) in width assayed 0.56 g/t gold and trace amounts of copper.
Hole NLP09-04 intersected two mineralized zones. The first one, 3.0 metres (9.84 feet) in width, assayed 0.12 g/t gold and trace copper. The second, a large pyritic zone 26.27 metres (86.19 feet) in width, assayed 0.09 g/t gold and 0.02% copper.
The North West zone is geologically and structurally complex and the high grade gold-copper-silver mineralization characteristically has a strong affinity for zones of pyrite and magnetite which exhibit strong silicification and brecciation. The mineralization encountered in the drilling on the Lower North West zone is distinctly different from the North West zone and may represent a large, lower grade halo around the North West zone or a completely separate zone of lower grade mineralization. Further drilling will be required to resolve the relationship between these two zones. Clearly, the recent drilling indicates that the gold is distributed over a much larger area than previously realized.
As a matter of procedure, the mineralized intervals of drill core are split in the field using an electric-powered core saw and bagged using security seals. The samples are then delivered to ALS Chemex Laboratories in Vancouver for analysis. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program is implemented which involves the insertion of blanks, standards and splits to ensure reliable assay results.
Tom Drivas, President of Romios commented "We are very pleased with the recent assay results for the holes completed on the Trek property. The drilling continues to expand the mineralized zones intersected in our earlier holes and provides further evidence of a potential mineralized porphyry system on the Trek property. As noted in our previous Press Releases on the drilling results at Trek, we are encountering grades that are comparable to other large tonnage gold-copper porphyry deposits in British Columbia. To date, breccia and porphyry-type copper-gold mineralization has been intersected over an area measuring 720 metres (2,361.6 feet) by 260 metres (852.8 feet) and to a depth of 440 metres (1,443.2 feet). We view these drilling results with a high level of optimism and consider the Trek property to be one of considerable merit with the potential to become a viable copper-gold deposit.
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, silver and copper. Romios has significant property interests in British Columbia, Ontario 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 Cominco's 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
Investor Relations Enquiries
Michael D'Amico, Bay Street Connect
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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