- Press Releases
Toronto, October 1, 2008 - Romios Gold Resources Inc. (TSX-V: RG) is pleased to hear that Premier Gordon Campbell, and the Province of British Columbia have announced to immediately start the environmental assessment process and First Nations Consultation on the Northwest Transmission Line (NTL) along Highway 37.
Tom Drivas, President of Romios Gold stated, "We are encouraged by the British Columbia Government's initiative to extend the power line in the Galore Creek area. Romios Gold has several projects in the Galore Creek area and has recently completed a $5 million exploration program at its Newmont Lake and Trek properties. The development of the power line would provide the infrastructure required to further the economic potential of these projects."
Premier Campbell announced that $10 million of new funding would be injected into the project, and this will come after an initial $10 million was spent on environmental work and First Nations consulting. This is the first step towards building the 287 Kilovolt Northwest Transmission Line that will extend 335 km from Terrace to the Dease Lake Area.
The development of the NTL has the potential to attract billions of dollars of investment, create thousands of new jobs, and reduce reliance on diesel-electric generation.
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'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: 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: 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.
You can view the Next News Releases item: October 2, 2008, Sampling of a Mineralized Breccia Swarm at Romios Gold's Trek Property Averages 1.39% Copper, 0.49 g/t Gold and 7.85 g/t Silver over Area Measuring 250 Metres by 50 Metres
You can view the Previous News Releases item: September 22, 2008, Romios Gold's Metallurgical Test Hole at its Galore Creek Area Newmont Lake Property Cuts Bonanza Grade Mineralization Grading 753.00 g/t (21.96 oz) gold, 462 g/t (13.47 oz) silver and 0.69% copper
You can return to the main News Releases page, or press the Back button on your browser.