TORONTO, ONTARIO--(CCNMatthews - May 10, 2006) - Romios Gold Resources Inc. ("Romios" or "the Corporation") (TSX VENTURE:RG) is pleased to announce that it intends to resume drilling on its Scossa Gold Property ("The Property") in the state of Nevada, U.S.A. The Corporation's Notice of Intent to undertake a drill program and a Reclamation Bond was approved on May 4, 2006 by the Nevada State Office of the Bureau of Land Management, allowing Romios to proceed with its proposed 3,000 metres (approximately 10,000 feet) drill program on the property. George DeLong Construction Inc. of Winnemucca, Nevada has been contracted to carry out the drilling and the work is expected to commence during the next few days. Romios plans to drill a number of holes, deeper than those previously completed, to test the depth continuity of the gold mineralization encountered in earlier drilling on the property.
As previously reported (Press Releases dated October 10, 2000 and September 17, 2003), two drill programs were completed earlier by Romios to test several of the gold-bearing, epithermal quartz breccia veins on the property. Significant high grade gold intersections included:
DDH-00-02 1.83 meters 364.04 Au g/tonne 10.63 Au oz./ton
DDH-00-03 1.98 meters 295.20 Au g/tonne 8.62 Au oz./ton
DDH-00-05 1.46 meters 68.84 Au g/tonne 2.01 Au oz./ton
The Scossa property, located in Pershing County in the north central portion of Nevada, consists of 41 lode mineral claims totaling 388.5 hectares (960 acres) in area and an option to acquire an additional 320 acres. The property is located approximately 6 miles southeast of the Rosebud Mine (Hecla and Newmont Mining), a high grade, underground gold mine which ceased operations recently and about 8 miles southeast of Vista Gold Corporation's Hycroft Mine, an open pit gold mine that has produced over 1.1 million ounces of gold to date (currently on a "care and maintenance" basis).
The property encompasses a number of steeply-dipping, gold-bearing, epithermal, brecciated quartz veins and fault breccias that range from several feet to more than 10 feet in width. In an earlier exploration program carried out by Romios, a total of 11 old shafts and extensive underground workings were mapped and sampled along various levels. Exposures within these shafts indicated the existence of at least five significant, vein-filled structures on the property, which are believed to extend well beyond the immediate area of the historic workings. Four additional, parallel structures were identified on the property with little or no evidence of any previous work.
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)
The current outstanding capital of Romios Gold Resources Inc. is 33,275,842 shares.
For the purposes of the disclosure in this Press Release, Thomas Skimming, P. Eng., Vice President of Exploration and a director of the Company, 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)