Romios Gold Resources Inc.
TSX VENTURE : RG

Romios Gold Resources Inc.

January 22, 2007 09:10 ET

Romios Receives Results from Exploration Program on its Trek Property in the Galore Creek Area, BC

TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - The management of Romios Gold Resources Inc. ("Romios") (TSX VENTURE:RG) is pleased to announce that it has received the results from the exploration program that was carried out on its 4,297 hectares (10,618 acres) Trek Property located in the Galore Creek area of northwestern British Columbia. The property encompasses approximately 43.0 square kilometers of mountainous terrain and lies within the large parcel of land which hosts NovaGold Resources' Galore Creek Project (proven and probable reserves of 5.3 million ounces of gold, 92.6 million ounces of silver and 6.6 billion pounds of copper as of October, 2006 - refer to the NovaGold website). For location of the Trek Property, see property map in Romios' website: www.romios.com.

An exploration program, consisting of geological mapping, sampling, prospecting and a soil geochemical survey was carried out on the Trek Property during the 2006 summer field season by personnel of Equity Engineering Ltd., under contract to Romios. This program, in conjunction with earlier work, has identified the presence of three distinct types of mineralization on the property; namely, porphyry and porphyry-related Cu-Au mineralization hosted in Galore Creek monzonite/syenite intrusives; massive sulphide veins within northeasterly trending shear zones and layered pods of massive sulphides consisting principally of chalcopyrite, sphalerite and galena of possible VMS origin. Based on current information, the most promising style of mineralization appears to be the low-grade, bulk tonnage, porphyry Cu-Au mineralization, similar to that at NovaGold's Galore Creek deposits.

The five highest assays obtained from the sampling carried out on behalf of Romios were from samples 270596 (16.45% Cu, 7.56 g/t Au); 270616 (3.78% Cu, 4.45 g/t Au); 270606 (3.52% Cu, 0.53 g/t Au); 391143 (2.96% Cu, 0.50 g/t Au) and 391142 (2.85% Cu, 2.22 g/t Au).

A control grid for the exploration program was established in the vicinity of the Wall and West Zones, south of Sphaler Creek and immediately west of NovaGold's Sphaler claims (south block). The Wall Zone consists of a series of massive pyrrhotite, chalcopyrite, pyrite and magnetite lenses in a lapilli tuff. The West Zone consists of disseminated chalcopyrite and pyrite in a brecciated monzonite, located mainly on NovaGold's Sphaler claims. A grab sample from the West Zone where it passes onto the Trek property assayed 3.0% Cu and 5.83 g/t Au across 1.5 meters.

Much of the exploration work during 2006 was carried out on this new grid with additional work centred on known zones of mineralization on the Trek property. Prospecting within the grid led to the discovery of the Tangle Zone, a widespread area of low-grade, disseminated Cu-Au mineralization within and around a monzonite/syenite intrusive characterized by disseminated pyrite, chalcopyrite and pyrrhotite with pervasive fracture surfaces coated with malachite and azurite. This new zone coincides with a large Cu-Au-Ag-Mo soil geochemical anomaly that was identified by the soil geochemical survey by Equity Engineering Ltd.

The anomaly covers an area of 1,100 x 600 metres (3,600 x 2,000 feet), and may represent a northwesterly extension of the West Zone. There is within this anomaly a narrow linear and strong multi-element soil anomaly believed to be reflecting a massive sulphide vein similar to that at the Gully Zone approximately 1,000 metres to the east. As previously reported (Press Release dated April 27, 2006) surface chip samples of massive pyrrhotite and chalcopyrite across a true width of 3.6 metres (11.8 feet) from the surface exposure of the Gully Zone assayed 5.31% Cu and 8.77 g/t Au. Significant results obtained from the analyses of rock chip and grab samples collected from the Trek property in 2006 are outlined in the following chart:


---------------------------------
SAMPLE COPPER(i) GOLD(i)
NUMBER (%) (g/t)
---------------------------------
391129 0.31% 0.60
---------------------------------
391134 0.62% 0.39
---------------------------------
391142 2.85% 2.22
---------------------------------
391143 2.96% 0.50
---------------------------------
391454 0.05% 41.8
---------------------------------
391456 0.79% 0.21
---------------------------------
270596 16.45% 7.56
---------------------------------
270597 0.93% 1.39
---------------------------------
270599 0.65% 0.53
---------------------------------
270600 1.25% 1.38
---------------------------------
270601 1.41% 0.99
---------------------------------
270602 1.53% 1.26
---------------------------------
270603 0.43% 0.35
---------------------------------
270606 3.52% 0.53
---------------------------------
270615 0.42% 0.30
---------------------------------
270616 3.78% 4.45
---------------------------------

(i) Samples determined by conventional ICP analyses, fire assay,
gravimetric finish and metallic screen assay.


The management of Romios is highly encouraged by the results of the recent exploration program on the Trek Property and intends to carry out a more comprehensive program during the 2007 summer season to assess the significance of the geochemical anomalies and the precious and base metal mineralization identified during the 2006 summer field season.

Romios is presently earning a 100% interest in the Trek Property, subject to a 2% Net Smelter Returns Royalty , by paying a total of $115,000 in cash option payments, issuing a total of 500,000 common shares and expending an aggregate of $2,000,000 on the property over four years. Romios must pay $15,000 and issue 50,000 common shares on closing and spend $150,000 in the first year on the property. All of the initial commitments under the agreement with the optionors have been satisfied.

This news release was prepared by Romios from information provided by Equity Engineering Ltd. Henry Awmack, P.Eng. of Equity Engineering Ltd., is the Qualified Person ("QP") for the purposes of National Instrument 43-101.

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