- Press Releases
Romios Gold Resources Inc. ("Romios" or the "Corporation") (TSX-V: RG) is pleased to report that it has commenced its previously announced (Press Release dated February 19, 2008) $5.0 million exploration program at its Galore Creek Area properties. The drill program has been designed principally to expand the known NW Zone resource on the Newmont Lake property which, based on earlier drilling, was calculated to contain 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 that was announced in a press release dated March 26, 2007. This equates to in-situ contained metal of 200,000 ounces of gold, 6,790,000 pounds of copper and 291,000 ounces of silver. These resources are reported at a base case gold equivalent cut-off grade of 2 gpt. Mineral Resources are not Mineral Reserves as Mineral Resources have not demonstrated economic viability. Additionally, ground geophysical and geochemical anomalies on the Trek property will be tested by diamond drilling and a number of holes will be drilled within the NW Zone to obtain representative samples for preliminary metallurgical test work. The drilling is being carried out by Apex Drilling Limited of Smithers, British Columbia. In addition, a contract has been signed with Fugro Airborne Surveys Corp to conduct a DIGHEM EM/Magnetic survey of Romios' recently acquired claims located adjacent to the Newmont Lake property. The survey will encompass approximately 594 linear kilometres, consisting of 540 kilometres of flight lines spaced at 150 metre intervals and 54 kilometres of tie lines.
The diamond drill program at the Newmont Lake property will target geophysical anomalies located north, east and north east of the NW Zone. The anomalies were identified by airborne and ground geophysical surveys carried out during the 2007 exploration program and are believed to be reflecting extensions to the zone of gold-silver-copper mineralization referred to as the NW Zone.
A program of ground geophysical surveys consisting of Magnetic, IP and Time-Domain EM is currently underway at the NW Zone to extend the area covered by earlier surveys. A down-hole EM (electromagnetic) survey will be carried out to determine the conductive properties of the NW Zone mineralization at depth and provide a guide for deeper drilling in the zone.
Detailed geological mapping and prospecting is also underway to follow up on six coincident magnetic and EM linear responses identified by the 2007 Fugro airborne geophysical survey. Additional mapping and prospecting will be carried out in the area of the recently discovered RNT and Chochi Zones, which are located to the east of the highly prospective Newmont fault. Mapping and prospecting and soil sampling will also be continued along the Newmont Fault towards the north east.
Tom Drivas , President , stated:" Our 2008 exploration program is aimed at expanding the existing resource at the NW Zone, drilling geophysical targets identified by previous surveys, and carrying out geophysical surveys and exploration work on our newly acquired claims. We are excited about the potential to expand the known resource at our Newmont Lake property as well as pursue follow up work on the excellent targets generated by our 2007 exploration program."
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 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 plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-silver deposit and Barrick's high grade gold mine at Eskay Creek.
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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
Head Office: 25 Adelaide Street East, Suite 1010, Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772 Website: www.romios.com.
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. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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