Romios Announces 2014 Summer Exploration Program on Its Newmont Lake Property in Northwestern BC
June 26 2014 - 10:00AM
Marketwired
Romios Announces 2014 Summer Exploration Program on Its Newmont
Lake Property in Northwestern BC
TORONTO, ONTARIO--(Marketwired - Jun 26, 2014) - Romios Gold
Resources Inc. (TSX-VENTURE:RG) (PINKSHEETS:RMIOF) (FRANKFURT:D4R)
("Romios" or the "Company") today announced that it is planning to
conduct a mapping and sampling program and to carry out an
evaluation of various showings and mineralized occurrences at the
Newmont Lake Property. Newmont Lake is 30 km northwest of Barrick
Gold's Eskay Creek gold mine.
The focus of the 2014 program will be to follow up on the work
completed to-date and new information obtained from the September
2013 airborne ZTEM and magnetic geophysical survey carried out by
Geotech Ltd (see news release dated April 16, 2014).
The exploration program, expected to take three weeks to
complete, will include a four-man team of geologists and
geo-technicians that are well-experienced in this northwestern
portion of the Stikine Terrane.
At the Burgundy Ridge Discovery in the Newmont Lake area, the
2013 assays averaged 0.47% copper, 0.27g/t gold and 3.77 g/t silver
for 100 rock chip and rock samples over an area of 300 by 225
metres (see news release dated October 7, 2013). Channel sample
lines will be taken across the anomalous zone in order to gain a
better understanding as to the nature and distribution of the
precious and base metal mineralization. During the 2013 program,
crews collected a number of grab samples that yielded exceptionally
high copper values associated with significant gold-silver
mineralization. The two most notable samples collected assayed 21.9
% Cu, 7.38 g/t Au, 51.1 g/t Ag and 26.6% Cu, 1.48 g/t Au, 128 g/t
Ag respectively. The on-strike mineralized occurrences of the
Telena and '72 Zones will also be examined as part of the Burgundy
Ridge evaluation and the possible extension of these zones to the
north and south will be tested.
Work on the Northwest Zone (which currently has an Inferred
Resource of 1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu
and 6.4 gpt Ag or a gold equivalent grade (AuEq) of 5.16 gpt (see
news release dated March 27, 2007) will include the re-examination
of the more significant diamond drill core intercepts to gain a
greater understanding of the nature and the structural control of
the gold-silver mineralization encountered in earlier drilling on
the property. The possible extension to these zones will be
examined and structural interpretations will be made in order to
identify further drill targets. Several of the genetic and
structurally related satellite gold-silver-copper occurrences will
also be re-examined in the field.
Geotech Ltd. reported that the airborne ZTEM (Z-Axis Tipper
Electromagnetic) and Aeromagnetic surveys readily identified the
known copper-gold-silver occurrences on which Romios has been
conducting exploration programs during the last several years. In
addition, the Geotech geophysical surveys defined at least
seventeen discrete magnetic anomalies of which nine appear to be
unexplained geologically and also defined at least fourteen
favourable resistivity signatures that appear to relate to bedrock
geology on the property. More than eleven of the prominent
resistivity highs that were identified in the ZTEM survey partially
coincide with the seventeen airborne magnetic anomalies that were
outlined in the airborne magnetic survey. These areas will be
prospected and sampled as they may present potential targets for
porphyry-type mineralization.
This press release was reviewed and approved by Thomas Skimming,
P.Eng, Vice-President of Exploration and a Director of Romios and a
Qualified Person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral
exploration company established in 1995, is actively engaged in
precious and base metal exploration in 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 currently exploring its Golden Triangle 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.
This News Release contains forward-looking statements which
are typically preceded by, followed by or including the words
"believes", "expects", "anticipates", "estimates", "intends",
"plans" or similar expressions. Forward-looking statements are not
guarantees of future performance as they involve risks,
uncertainties and assumptions. We do not intend and do not assume
any obligation to update these forward-looking statements and
shareholders are cautioned not to put undue reliance on such
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Romios Gold Resources Inc.Tom DrivasPresident and
Director416-221-4124416-218-9772romios@romios.comRomios Gold
Resources Inc.Thomas Skimming, P.Eng.Vice-President, Exploration
and Director(416)-444-0900tmsk8ing@hotmail.comRomios Gold Resources
Inc.Frank van de WaterChief Operating Officer and Director(416)
221-4124fvandewater@on.aibn.com
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