- Press Releases
|TORONTO, ONTARIO - June 7, 2006 - The management of Romios Gold Resources Inc. ("Romios" or "The Corporation") (TSX VENTURE:RG) is pleased to provide a report on the status of the reverse circulation drill program in progress on the Corporation's Scossa property in Pershing County, Nevada.|
Since the commencement of the drilling, (see Press Release dated May 10, 2006) four holes (RGR-20, RGR-21, RGR-22 and RGR-23) have been completed and a fifth hole RGR-24 is currently being drilled.
Hole RGR-20 was designed to test the Noble Vein near its north end. The vein was intersected from 182.9 to 190.5 metres (600 to 625 feet) down the hole where it was found to consist of approximately 17% quartz vein material, heavily oxidized and to contain small amounts of visible gold.
Hole RGR-21 was drilled to simultaneously test the North Star No.2 vein and the Scossa vein system. The zone representing the North Star No.2 vein was encountered from 140.8 to 145.7 metres (462 to 478 feet) down the hole where it was found to contain an estimated 40% quartz vein material. The Scossa vein system was intersected from 275.8 to 286.8 metres (905 to 941 feet) down the hole and contains an estimated 27% quartz vein material which included approximately 3% sulphide minerals, principally pyrite and marcasite. In appearance, the quartz is "snow white" in colour, opaque to translucent with epithermal textures typical of the Scossa vein exposed at the surface about 304.8 metres (1,000 feet) up dip from the RGR-21 drill hole intercept.
The targets for hole RGR-22 were identical to hole RGR-21 but at a higher level, about midway between the RGR-21 intercepts and the intersections on the North Star No.2 and Scossa veins during the May, 2003 drill program. The zone representing the North Star No.2 vein was intersected from 159.7 to 163.4 metres (524 to 536 feet) down the hole and contains an estimated 70% quartz vein material. The Scossa vein system was encountered from 255.7 to 259.7 metres (839 to 852 feet) down the hole and contains an estimated 70% quartz vein material with sparse specks of visible gold noted during the logging and sampling of the drill hole cuttings.
Hole RGR-23 was located and drilled to simultaneously test the Scossa and Noble vein systems. The hole intersected the Scossa vein system from 139.6 to 147.2 metres (458 to 483 feet) down the hole which contains an estimated 25% quartz vein material. The Noble vein system was encountered from 283.5 to 285.3 metres (930 to 936 feet) in the hole and contains approximately 50% vein material. The epithermal quartz contains an estimated 2% combined pyrite and marcasite and traces of silver sulfosalts. The epithermal quartz was pure white, translucent and exhibited textures typical of the veins in surface outcrop. Two other zones of quartz veining were encountered in the hole from 51.2 to 53.9 metres (168 to 177 feet) and from 99.1 to 105.2 metres (325 to 345 feet). These zones contain 10% and 2% of quartz vein material respectively. Both zones were heavily oxidized.
Drill hole RGR-24 is in progress with a deeper intersection of the Scossa vein than that in hole RGR-23 as the primary target. Samples from the four holes reviewed in this press release have been sent to ALS Chemex for analysis. The results will be announced publicly once they have been received and reviewed by the Corporation.
Romios trades on the TSX Venture Exchange (Symbol:RG) and on the "over the counter" market in the United States (Exemption No. 82-5093, Symbol: RMIOF)
For the purposes of the disclosure in this Press Release, William Utterback, Consulting Geologist is the Qualified Person ("QP") in accordance with NI 43-101.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Romios Gold Resources Inc.
President and Director
(416) 218-9772 (FAX)
Romios Gold Resources Inc.
Vice President of Exploration and Director
(416) 444-0586 (FAX)
You can view the Next News Releases item: June 20, 2006, Romios Commences Work on the Trek and Royce/Porc Properties in the Galore Creek Area, Northwestern British Columbia
You can view the Previous News Releases item: May 10, 2006, Romios to Resume Drilling on its Scossa Gold Property, Nevada
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