TORONTO, ONTARIO, Jun 23, 2011 (MARKETWIRE via COMTEX) — Romios Gold Resources Inc. /quotes/zigman/170917 CA:RG -3.49% (frankfurt:D4R) (“Romios” or the “Company”) is pleased to announce the completion of a 743 line-kilometre airborne geophysical survey over the Company’s wholly owned Dirk and Andrei properties in the Galore Creek area, Northwestern British Columbia. The geophysical survey employed Fugro Airborne’s “DIGHEM” system, measuring multiple frequency electromagnetic fields to produce high-resolution electromagnetic resistivity and magnetic anomaly maps of the top 150 metres of the earth’s crust. The DIGHEM system, in development and use for over 40 years, is widely used in the mining and exploration industry and has aided mineral exploration at other properties in the area such as Newmont Lake, Trek, Galore Creek, and Copper Canyon.
Preliminary results of the Fugro survey over the Dirk property suggest a coincidence between a broad, northeasterly striking magnetic anomaly of moderate intensity with a megacrystic syenite porphyry, similar to those found at Galore Creek. Surface mineralization on the Dirk property is reflected as geophysical anomalies exhibiting a high-magnetic, low-resistivity signature within and adjacent to a larger magnetic anomaly outlined in the Fugro Airborne Survey. Together, the broad magnetic anomaly and the anomalies reflecting surface mineralization, cover an area approximately 9.6 km long by 3.0 km wide. A 2010 mapping project from the British Columbia Geological Survey (BCGS) supported Romios’ contention that the Dirk property mineralization is analogous to and may be as large as the Galore Creek Project (see Press Release March 3, 2011).
The Dirk and the recently staked Andrei property are described by the BCGS as holding the potential for VMS (volcanic massive sulphide) – related mineralization. Known silver, zinc, and copper- mineralization within rhyolite ash flows on the Andrei property are manifested in the Fugro surveys as geophysical anomalies which exhibit low to moderate resisivity and moderate magnetic signatures similar to those recorded over the National Instrument 43-101 Inferred Resource of the Northwest Zone on the Newmont Lake property (see Press Release dated March 26, 2007).
A more comprehensive analysis of the Dirk and Andrei geophysical surveys will be conducted upon receipt of the completed and final results from Fugro Airborne Surveys. Maps of the preliminary results will be posted on Romios’ website.
The airborne geophysical survey is part of the $6+ million 2011 exploration program which also includes approximately 10,200 metres of diamond drilling on the Trek property, 1,200 metres on the Dirk property, and 400 metres on the Newmont Lake property.
Drilling commenced on June 2, 2011 on the Tangle and North Zones at the Trek Property. The first hole has been completed on the Tangle Zone and has encountered variable amounts of sulphide mineralization. This mineralization correlates well with the IP (induced polarization) and MT (magnetotelluric) anomalies identified in the 2010 Titan 24 Survey (Press Release November 4, 2010). Drilling on the second hole on the Tangle Zone is in progress.
Drilling has also commenced on the first hole of the 2011 season in the North Zone targeting the near surface mineralization and the deeper MT anomaly identified by the 2010 Titan Survey. All drilling results will be announced as soon as they are available.
The technical information contained in this press release has been reviewed and approved by Mr. Mel de Quadros, Ph.D., P.Eng., Director of Romios Gold Resources Inc. 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 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)
romios@romios.com
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