Romios Encounters Widespread Gold, Copper, and Silver Mineralization in Its 2012 Drilling Program at the '72 Zone, Newmont La...
October 10 2012 - 8:00AM
Marketwired Canada
Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R)
("Romios" or the "Company") is pleased to announce results from its diamond
drill program at the '72 Zone. This is the first set of drill results,
comprising 6 of 14 holes drilled this summer on Romios' Newmont Lake Project,
located in the Golden Triangle district in Northwestern British Columbia.
Romios' mineral tenures are located between Pretium Resources' Brucejack
deposit, Barrick Gold's Eskay Creek mine, and the Galore Creek Mining
Corporation's (GCMC, a NovaGold/Teck Resources' joint venture) Galore Creek
project.
Romios first drill-tested the '72 Zone discovery and incorporated the mineral
claims into the Newmont Lake Project in 2011 (Press Release dated October 19,
2011). In July 2012, 786 metres of additional drilling at the '72 Zone through
sulphide-bearing and brecciated limestone intersected porphyry dykes and
numerous, concentrated mineralized horizons containing gold-copper-silver
bearing sulphides with anomalous selenium, tellurium, platinum, and palladium.
"I am pleased with this year's drilling program and assays to date," stated Tom
Drivas, President and CEO of Romios Gold. "The drilling at the '72 Zone
definitely indicates a much larger structure demonstrating good grade and
consistent mineralization. We will be planning additional drilling to extend the
mineralized zone with the objective of increasing the current resource at
Newmont Lake."
Drill holes DRK12-04, DRK12-05, and DRK12-08 confirmed the continuity of
precious and base metal mineralization to the northeast from surface exposures.
Step-out drill holes DRK12-06 and DRK12-07 intersected mineralization along
strike to the southwest. The last hole drilled, DRK12-10, demonstrated widening
of the zone toward the west and down-dip, extending the mineralized zone for
approximately 200 metres from surface. Drill holes DRK12-07, DRK12-08, and
DRK12-10 intersected mineralization with nearly twice the length and
concentration of those intervals drilled previously in 2011, indicating strong
potential in the area.
In the drilling campaign, the most notable zone of mineralization was
encountered in hole DRK12-07 wherein a 5.42 metre (17.78 feet) zone assayed 3.09
g/t gold, 1.33% copper and 27.55 g/t silver. This intercept occurred within a
wider zone of mineralization, 10.47 metres (34.35 feet) in width, which assayed
1.67 g/t gold, 0.49% copper and 6.21 g/t silver. A similar intersection was
encountered in hole DRK12-08 that measured 10.27 metres (33.69 feet) in width
and assayed 0.77 g/t gold, 0.82% copper and 6.90 g/t silver. Hole DRK12-10
intersected a significant width of mineralization, 40.31 metres (132.25 feet),
that averaged 0.59 g/t gold, 0.21% copper and 12.07 g/t silver. Within this
zone, a high grade silver intersection of 207 g/t over 0.45 metres (1.48 feet)
was encountered. Highly anomalous amounts of selenium were found to be
associated with the gold, copper and silver mineralization in most of the holes.
Table 1. 2012 drill hole composite assay highlights arranged in the order
drilled. "Total" indicates a weighted composite total encompassing the
concentrated mineralization from each drill hole; "horizon" indicates the
enclosed, higher-grade sulphide horizons within the composite totals; "lower
skarn" identifies assay highlights from secondary horizons. DRK12-09 was not
completed to target depth.
From To Total Total Au Cu Ag Se
Hole ID Zone (m) (m) (m) (ft) g/t % g/t g/t
----------------------------------------------------------------------------
DRK12-04 Total 1.25 14.66 13.41 44.00 0.35 0.21 1.42 0.75
--------------------------------------------------------------------
horizon A 1.25 4.98 3.73 12.24 0.53 0.37 3.27 2.49
DRK12-05 Total 1.90 16.04 14.14 46.39 0.64 0.25 2.31 1.39
--------------------------------------------------------------------
horizon A 1.90 4.07 2.17 7.12 1.04 0.74 6.42 5.84
horizon B 7.50 7.92 0.42 1.38 4.45 0.15 2.29 0.00
DRK12-06 Total 31.34 57.54 26.20 85.96 0.35 0.09 0.89 0.58
--------------------------------------------------------------------
horizon A 56.70 57.00 0.30 0.98 8.72 1.36 11.10 7.00
DRK12-07 Total 57.36 96.61 39.25 128.77 0.51 0.25 5.14 0.37
--------------------------------------------------------------------
horizon A 86.14 96.61 10.47 34.35 1.67 0.49 6.21 1.07
containing 91.19 96.61 5.42 17.78 3.09 1.33 27.55 2.07
DRK12-08 Total 0.00 34.12 34.12 111.94 0.51 0.48 4.27 2.22
--------------------------------------------------------------------
horizon A 0.00 10.27 10.27 33.69 0.77 0.82 6.90 6.23
containing 0.00 2.35 2.35 7.71 1.13 0.82 7.07 4.02
& containing 5.67 10.60 4.93 16.17 0.90 1.18 9.46 10.07
horizon B 18.70 20.60 1.90 6.23 1.61 1.12 7.16 2.07
horizon C 23.45 26.10 2.65 8.69 0.52 0.66 4.97 0.26
DRK12-10 Total 58.54 98.85 40.31 132.25 0.59 0.21 12.07 0.24
--------------------------------------------------------------------
horizon A 58.54 58.89 0.35 1.15 1.02 0.56 11.60 less
than
2.0
horizon B 62.30 62.75 0.45 1.48 0.03 0.04 207.00 less
than
2.0
horizon C 64.88 65.48 0.60 1.97 0.77 0.42 6.89 less
than
2.0
horizon D 90.00 92.67 2.67 8.76 1.16 0.32 2.33 less
than
2.0
lower skarn 111.40 118.78 11.60 38.06 0.18 0.02 0.26 0.61
lower skarn 149.20 162.00 12.80 41.99 0.12 0.04 0.55 0.11
lower skarn 193.00 195.00 2.00 6.56 0.00 0.01 38.20 less
than
2.0
The drilling data indicate that gold-copper-silver bearing sulphides occur at
the '72 Zone up to approximately 150 metres thick along a 150 metre-long
southwest strike, reaching down-dip for 200 metres westward toward an
encouraging porphyry target.
To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/rmiof1010fig1.pdf.
Seven single-point audiomagnetotellurics geophysical readings ("AMT") were also
conducted at the '72 Zone in July 2012. The AMT readings registered high
conductivities from surface down to 190 metres, coincident with the zone of
sulphide mineralization tested by the six holes outlined above. Additionally,
the AMT readings displayed a second area of high conductivities from 300-500m
depth, however, this area has yet to be drill-tested.
The occurrence of the sulphide minerals bornite, digenite, chalcopyrite and
chalcocite at the '72 Zone, in addition to anomalous concentrations of selenium
(Se) and tellurium (Te), suggest the '72 Zone may be a deep-to-intermediate type
of high sulphidation ("HS") epithermal zone. Deep HS types of mineralization
often occur along faults or other favourable ground adjacent to or above major
mineralizing porphyry systems and often within carbonaceous stratigraphy, as
evidenced at Colquijirca (Peru), Chuquicamata (Chile), Bisbee (Arizona), and
Butte (Montana).
The '72 Zone occurs along the margin of an ancient volcanic feature, which hosts
additional and undrilled targets at surface along its margins. Two grab samples
from one of these undrilled targets - the 'Knob' - assayed 2.06 g/t Au, 2.38%
Cu, and 26.3 g/t Ag (sample G0806111), and, 0.04 g/t Au, 1.92% Cu, and 22 g/t
Ag, (sample G0806101).
Future exploration priorities in the area include drill testing for large
tonnage disseminated copper-gold mineralization within the deep porphyry-hosted
parts of the '72 Zone system as interpreted from the AMT geophysical readings.
Additional exploration priorities are to identify other carbonate-replacement
breccia pipes and structures in the adjacent country rocks (at the 'Knob' and
other zones), and for overlying gold-bearing veins and fractures. All of these
mineralization types are present on Romios' Newmont Lake Project, where
carbonate rocks are widespread and have interacted with sustained intrusion and
volcanism, representing significant potential in the Golden Triangle mineral
district for one or more deposit types that have been largely overlooked (R.H.
Sillitoe, 1999, Styles of High-Sulphidation Gold, Silver, and Copper
Mineralisation in Porphyry and Epithermal Deposits).
Drill core from the remaining eight of 14 holes drilled at the Ken and Northwest
zones on the Newmont Lake Project have been submitted for assay. Results will be
released when received and reviewed by the Company. Plan-view maps, cross
sections, and a complete list of drill assays and composites from the '72 Zone
can be found on Romios' website at http://www.romios.com/s/Newmont.asp.
As a matter of procedure, all drill core is cut at the camp using an
electric-powered core saw, bagged and sealed for shipping to SGS Minerals for
processing in Telkwa, BC. In addition to the laboratory's quality control
program, a rigorous on-site quality assurance and quality control program is
implemented involving the insertion of blanks, standards and splits to ensure
reliable assay results.
The technical information contained in this press release has been reviewed and
approved by Mr. Scott Close, P.Geo, Exploration Manager and a Qualified Person
as defined by National Instrument 43-101.
In other news, the Company wishes to advise that William R. Johnstone has
resigned as a Director of the Company but continues to act as Corporate
Secretary and counsel to the Company.
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, Quebec and Nevada. The Company is undertaking extensive
exploration work on its Galore Creek area properties in British Columbia, which
are centrally located between Galore Creek Mining Corporation's large
copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
Exchange Listings and Symbols: (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R)
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, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.