TORONTO, ONTARIO, Jun 28, 2011 (MARKETWIRE via COMTEX) — Romios Gold Resources Inc. /quotes/zigman/170917 CA:RG +13.10% (frankfurt:D4R) (“Romios” or the “Company”) is pleased to announce that a National Instrument (NI) 43-101 Technical Report has been completed for its Trek Property located in northern British Columbia. The report was completed by Pierre Desautels, P.Geo. of AGP Mining Consultants Inc. (“AGP”) of Barrie, Ontario. The entire report dated June 21, 2011 and titled “NI 43-101 Technical Report for the Trek Property Liard Mining District, British Columbia” can be viewed at www.sedar.com and at www.romios.com .
The current exploration program, which will total approximately $6.7 million, was recommended by Pierre Desautels of AGP in consultation with Scott Close, Exploration Manager at Romios. The program includes an 8,200 metre drill program on the Trek property’s North Zone designed to expand the pervasive porphyry-style copper and gold mineralization. It will also test the significant opportunities for added tonnage at the North Zone identified by previous drill campaigns and will target a large, deep conductor located below and adjacent to the previous drilling which was identified by the Titan24 geophysical surveys in 2010 (Press Release November 4, 2010). Drilling on Trek commenced in June. In addition, the program includes ground geophysical surveys consisting of 2.4 line kilometres and down-hole induced polarization (IP); resistivity (RES) and magnetics (MAG) surveys, and TEM loop geophysical surveys to further refine the exploration and infill drilling of the North Zone.
The program also includes four holes totalling 2,000 metres to be drilled to test for mineralization at Trek’s Tangle Zone, where a deep conductive anomaly, identified during the 2010 Quantec Titan 24 geophysical survey, is the main drill target. The anomaly correlates well with grab sample assays and a significant soil copper-gold geochemical anomaly. Previous grab samples assayed up to 9.6 g/t Au, and 16.45% Cu with 7.56 g/t Au. Soil sampling in the area assayed up to 5.31 g/t Au and 12.2% Cu (Press Release dated November 4, 2010).
The Trek property, 100% owned by Romios, consists of 10 land tenures which cover 4096.869 hectares (10123.58 acres) in the Galore Creek Area which encompasses GCMC’s (NovaGold and Teck Resources) Galore Creek Project that contains a large, undeveloped, porphyry-related, copper- gold-silver deposit. Since acquiring the Trek property in 2006, Romios has been carrying out exploration programs to evaluate the widespread zones of breccia-hosted copper-gold mineralization and zones of porphyry-style gold-copper mineralization on the property.
The information in this news release has been reviewed and approved by Pierre Desautels, P.Geo, a Qualified Person in accordance with the Canadian regulatory requirements as set out in NI 43-101.
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.
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.
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.
Contacts:
Romios Gold Resources Inc.
Tom Drivas
President and Director
416-221-4124
416-218-9772 (FAX)
Romios Gold Resources Inc.
Mel de Quadros, Ph.D., P.Eng
Director
416-668-6145
Romios Gold Resources Inc.
Michael D’Amico
CFO, Investor Relations
647-500-6023
Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
416-221-4124
416 218-9772 (FAX)
Leave a Reply
Want to join the discussion?Feel free to contribute!