Romios Gold Resources Inc.
TSX VENTURE : RG
OTC Bulletin Board : RMIOF
FRANKFURT : D4R

Romios Gold Resources Inc.

November 08, 2007 10:17 ET

Romios Encounters Galore Style Mineralization At "RNT" Zone, Newmont Lake Project, Northwest B.C.

Grades of 7.96% and 6.15% Copper Encountered

TORONTO, ONTARIO--(Marketwire - Nov. 8, 2007) - Romios Gold Resources Inc.(TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) is pleased to report on the newly discovered RNT Zone. This showing is typical of NovaGold's Galore Creek alkalic porphyry-style mineralization which is characterized by an assemblage of chalcopyrite, pyrite, bornite and magnetite associated with intense potassic alteration within syenitic, megacrystic intrusions.

The RNT zone is located within the Forrest Kerr pluton, adjacent to the Newmont Fault where several small mineralized outcrops are exposed in moraine immediately below the toe of a glacier. The exposed mineralized outcrops cover an area of approximately 325 x 325 metres and appear to be fault-bounded to the northwest and southeast. The most intensely mineralized zone is approximately 60 x 50 metres in size and the zone, as a whole, trends southwest-northeast. Mineralization appears to be of the alkalic porphyry-type and is associated with a series of pink, sulphide-bearing, syenitic dykes exhibiting variable orientations and of unknown age (representative samples have been collected for age dating and results will be reported once received).

Grab samples of mineralized diorite (float between the glacier and mineralized outcrops) in the immediate vicinity of the aforementioned intensely mineralized zone, returned values of up to 7.96% Cu, 1.33 g/tonne Au and 6.15% Cu, 0.2 g/tonne Au.

In the intensely mineralized core of the zone, approximately 5-15% disseminated and fracture/stockwork/veinlet-hosted chalcopyrite +/- magnetite-pyrite mineralization occurs in pink K-feldspar dykes as massive chalcopyrite-magnetite clots and in altered dioritic phases of the Forrest Kerr pluton as sulphides and veinlets associated with K-feldspar dyke stringers and quartz-feldspar veins. Massive magnetite-hematite veinlets also intrude the diorite. The diorite is cut by a fracture-network with fine-grained sulphides +/- quartz-feldspar on fracture surfaces with dominant vein orientations trending east-southeast and north-northeast. The host diorite is intensely silicified, feldspar alteration is pervasive, sporadic black secondary biotite is present and finely disseminated pyrite is associated with feldspar phenocrysts and thin quartz-feldspar stringers/fractures. Commonly, the mafic phases of the diorite are partially altered to magnetite.

The RNT zone was discovered during follow-up work immediately east of soil samples that were found to be consistently anomalous in copper collected along the Newmont Fault during the 2007 field season. Follow-up work consisted of mapping intrusive phases and alteration mineral assemblages and by following increasingly intense alteration to the south and east. Further detailed mapping of alteration, mineralization, structure, and bedrock geology of the zone and the down-strike continuation led to the discovery of several other exposures and abundant float of the same sulphide-bearing dykes along the base of the glacier as far as 650 metres to the southwest from the high grade mineralized zone. The dykes appear to cut all significant phases of the Forrest Kerr pluton.

Detailed chip and grab sampling was not representative of overall mineralization due to the silicified and glaciated nature of the exposed mineralized outcrops; however, samples returned elevated copper values across the mineralized outcrops. Two diamond drill holes from the same intensely altered location, at -70 degrees to the southwest and northeast, were drilled to test the depth and extension of the zone below extensive moraine cover, and to more accurately gauge metal grades for the zone. Drill results are pending.

The management of Romios is very pleased to announce the discovery of the RNT Zone since it fits the model for a large tonnage Galore Creek-type target, and is located proximal to a major regional fault.

For the purposes of the disclosure in this Press Release, Thomas Skimming, P.Eng., Vice-President of Exploration and a Director is the Qualified Person ("QP").

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 and Nevada. The Corporation plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold's large gold-copper-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. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Romios Gold Resources Inc.
    Tom Drivas
    President and Director
    (416) 221-4124
    (416) 218-9772 (FAX)
    Email: romios@romios.com
    or
    Romios Gold Resources Inc.
    Thomas Skimming
    Vice President of Exploration and Director
    (416) 444-0900
    (416) 444-0586 (FAX)
    Email: tmsk8ing@hotmail.com
    Website: www.romios.com