- Press Releases
Romios Gold Resources Inc (TSX-V:RG) is pleased to announce the discovery of a new zone of copper-gold mineralization on its Newmont Lake Property in the Galore Creek area of northwestern British Columbia. This zone, referred to as the "Chochi Zone" is located approximately 2.2 kilometers northeast of the RNT Zone, another new copper-gold discovery announced recently by Romios (see Press Release dated November 8, 2007).
The Chochi Zone occurs within the Forrest Kerr Pluton adjacent to the Newmont Fault and consists of a network of stringers and disseminated grains of chalcopyrite, bornite and pyrite within a dioritic phase of the Forrest Kerr Pluton that has been subjected to intense potassic alteration. The copper-gold mineralization, varying in intensity, was observed over an area of 1.5 kilometres. The most consistent mineralization was traced for over 600 metres along a west-northwesterly trend in rugged, glacially polished outcrops before disappearing under an extensive cover of glacial debris to the northwest and under a large alpine glacier to the southeast. The most intensely mineralized zone observed is approximately 150 metres by 220 metres in size and is the area from which most of the preliminary sampling was carried out. Copper mineralization is pervasive in the vicinity of the Chochi Zone. Pendants of sedimentary rocks are mineralized with chalcopyrite, malachite, azurite and pyrite within and adjacent to the larger zone of copper-gold mineralization.
A total of 19 combined chip-channel and rock-grab samples were collected randomly over the aforementioned intensely mineralized area. A single grab sample assayed 2.61% copper and 0.796 gpt gold. Other notable grab samples assayed up to 0.76% copper and 0.19 gpt gold. Chip-channel samples were collected across one metre of exposed bedrock, generally perpendicular to foliation where present. Assays ranged up to 0.5% copper and 0.159 gpt gold for the chip-channel samples.
The Chochi Zone was discovered during follow-up work immediately east of soil samples that were found to be consistently anomalous in copper collected along the Newmont Fault during the 2007 field season. Copper-in-soils in this anomaly were commonly between 100 ppm to 200 ppm, but values as high as 947 ppm copper were obtained. Follow-up work consisted of mapping intrusive phases and alteration mineral assemblages and by following increasingly intense alteration to the east into a large gully within which the Chochi Zone was discovered. It is evident from field observations that the Chochi Zone is potentially much larger since it appears essentially to be obscured by glacial debris and in part, underlies a large valley glacier.
The management of Romios is very pleased to announce the discovery of the
Chochi Zone since it fits the model for a large tonnage, porphyry-type target, and is located proximal to a major regional fault. The limited sampling of the Chochi Zone is not considered representative of the overall zone due to the extensive cover of glacial ice and glacial debris in the area. Detailed geophysical surveys, additional sampling and diamond drilling will be required before a proper assessment of the Chochi Zone is possible.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P.Eng., Vice-President of Exploration and a Director is the Qualified Person ("QP").
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) email@example.com
Thomas Skimming, Vice President of Exploration and Director: (tel) 416-444-0900, (fax) 416-444-0586 or (email) firstname.lastname@example.org
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Exchange Listings and Symbols: TSXV:RG, NASDAQ OTF: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: email@example.com
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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