|Scossa Gold Property, Nevada, USA (approx. 388 hectares) |
The Scossa Gold Property in Pershing County, Nevada consists of 41 claims encompassing 960 acres. It is located in the north central portion of Nevada approximately 6 miles southeast of the Rosebud Mine and about 8 miles southeast of Vista Gold Corporation's open pit Hycroft gold mine. More than 1 million ounces of gold has been produced at the Hycroft mine to date. Currently, it is on a "care and maintenance" basis.
The Scossa Property operated as an underground mine during the 1930's. Until the exploration program initiated by Romios in 1999, the property had never been subjected to any form of modern exploration or tested by diamond drilling.
Romios Gold Resources acquired the property in July of 1999 along with additional claims in the immediate vicinity. The Company holds options on an additional 310 acres.
During the summer of 1999, Romios embarked on an exploration program consisting of detailed surface mapping of the geology and all of the historical workings on the property. This work was performed by Global Mineral Resources of Reno, NV, specialists in re-entering old underground workings. This led to a program of diamond drilling that was carried out during the summer of 2000.
A total of 14 holes were completed to test a number of gold-bearing, epithermal quartz breccia veins. A number of exceptional high grade gold intersections were encountered during this program. (see Romios News Release dated October 10, 2006)
In 2003, Romios carried out additional drilling designed to intersect the Scossa Vein at various intervals below the deepest underground workings. This drilling indicated a significant widening of the Scossa Vein at depth. While the program returned lower grades of gold mineralization, it confirmed the continuity of the vein with an encouraging increase in width. In 2006, the Company drilled a number of large diameter holes at depths below those previously drilled.
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