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

Romios Gold Resources Inc.

August 16, 2011 08:00 ET

Drilling Update: Romios Intersects Significant Sulphide Mineralization Along Deep Geophysical Targets on Trek

TORONTO, ONTARIO--(Marketwire - Aug. 16, 2011) - Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) ("Romios" or the "Company") is pleased to release drilling updates for the first phase of exploration this summer on the Trek Property in Northwestern British Columbia. The exploration program is testing for extensions to the mineralization on the Trek Property's emerging North Zone gold-copper porphyry mineralization, as well as testing the geophysical/geochemical anomaly at the Tangle Zone.

To date, Romios has drilled 12 diamond drill holes totalling over 5,500 metres (18,040 feet) on the Trek property. Heightened snow levels, fog, and difficult drilling conditions present at the start of the season have now subsided and resulted in greatly improved drill rates.

Significant lengths of mineralization have been intersected within the vicinity of several large, conductive, geophysical magnetotelluric anomalies ("MT") identified by the Titan24 geophysical survey announced in press releases dated November 4, 2010 and July 12, 2011. Information retrieved from all of the drilling to date on the Trek Property reinforces Romios' confidence in the prospective potential of both the North Zone and other exploration targets on this property. Assay results from the drill core will be released when they have been received and analyzed by the Company.

Diamond drill holes TZ11-01 and TZ11-02, drilled at the Tangle Zone, were designed to test several chargeability ("IP") anomalies overlying several MT anomalies. TZ11-01 (597.41 metres/1960 feet) and TZ11-02 (459.33 metres/1507 feet) both intersected variable amounts of sulphides (pyrite, chalcopyrite, and pyrrhotite) above a thrust fault, below which TZ11-01 encountered strong porphyry-style alteration, orthoclase porphyry intrusions, and several isolated zones containing strong chalcopyrite and pyrite mineralization near 425 metres down the hole.

Diamond drill holes TRK11-25 and TRK11-26 on the North Zone were not completed due to difficult drilling conditions.

Drill hole TRK11-27 on the North Zone was drilled to 487 metres (1597 feet) length. The hole, designed to infill areas of higher-grade breccia-style mineralization along the western margin of the North Zone, encountered mineralized breccias overlying chalcopyrite and pyrite–bearing veins.

Drill holes TRK11-28, 11-31, and 11-32 were drilled to test for extensions to mineralization both within and below the "Northeast" area of the North Zone, extending beyond 500 metres depth toward several large MT geophysical anomalies. All three drill holes encountered sulphide mineralization (pyrite and chalcopyrite) adjacent to and within the areas of anomalous conductivity, especially TRK11-32. Follow up drilling is in progress.

TRK11-29 and TRK11-30, exploration holes collared 300 metres to the east of the areas of known mineralization, targeted a large IP anomaly previously identified by the Titan 24 survey. TRK11-29 was cancelled due to difficult drilling. TRK11-30 reached 380 metres (1246 feet) and intersected variable amounts of sulphides, including disseminated chalcopyrite, associated with moderate-strong porphyry-style alteration.

Drill hole TRK11-24, currently nearing 600 metres (1968 feet), was initially abandoned due to poor drilling conditions and later re-entered. This drill hole follows up on well-mineralized intercepts of copper and gold encountered during the 2010 drill campaign, in addition to the chalcopyrite-cemented breccia mineralization encountered this year at depth by TRK11-32.

Drill hole TRK11-33, currently in progress, targets further extension of the highly-mineralized, chalcopyrite-bearing breccias encountered by TRK11-32 at depth below the North Zone.

As a matter of procedure, all intervals of drill core were split in the field using an electric-powered core saw, bagged and sealed for delivery to ALS Chemex Laboratories in Terrace for analysis. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program was implemented which involves the insertion of blanks, standards and duplicates to ensure reliable assay results.

For more information, including maps showing the locations of historic and current 2011 drilling, please visit our website at www.romios.com.

The information in this news release has been reviewed and approved by Mel de Quadros, P.Eng, 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.

Exchange Listings and Symbols: (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R)

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.

Contact Information

  • Romios Gold Resources Inc.
    Tom Drivas
    President and Director
    416-221-4124
    416-218-9772 (FAX)
    romios@romios.com

    Romios Gold Resources Inc.
    Mel de Quadros, Ph.D., P.Eng.
    Director
    416-668-6145
    ymirconsulting@gmail.com

    Romios Gold Resources Inc.
    Michael D'Amico
    CFO, Investor Relations
    647-500-6023
    Michael@baystreetconnect.com

    Head Office:
    25 Adelaide Street East, Suite 1010
    Toronto, ON Canada, M5C 3A1
    416-221-4124
    416 218-9772 (FAX)
    www.romios.com