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

Romios Gold Resources Inc.

March 03, 2011 08:00 ET

Mapping Project by British Columbia Geological Survey Identifies "Unprecedented Opportunities" in New Zones and Offers Insights in Romios' Dirk/Newmont Lake Area Geology

TORONTO, ONTARIO--(Marketwire - March 3, 2011) - Romios Gold Resources Inc. ("Romios" or the "Company") (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) is pleased to announce that a 2010 mapping project from the British Columbia Geological Survey ("BCGS") confirmed Romios' previous claims that the Dirk property mineralization is analogous to and may be as large as the Galore Creek project. Samples collected by Romios from the Dirk property produced numerous anomalous values (Press Release February 9, 2011) including a 3.0 metre chip sample of 6.21% Cu, 0.57 g/t Au, and 44.1 g/t Ag. The BCGS also reports values up to 21 ppb platinum and 64 ppb palladium from samples that they collected from the Dirk property.

Mitch Mihalynuk and Jim Logan of the BC Ministry of Forests, Mines and Lands first presented the information to the public at the 2011 AMEBC Roundup Conference in Vancouver, British Columbia. They postulated that the Dirk property and the VMS belt discoveries, of which Romios is the primary tenure holder, are "unprecedented opportunities to expand the 'Golden Triangle' to the north, from the Eskay Creek, Snip, and Rock and Roll deposits, towards the large Cu-Au-Ag porphyries in the neighbouring Galore Creek area" which includes Romios' Trek property and the NovaGold/Teck Resources' Copper Canyon property.

The BCGS also indicated that the rocks hosting the Northwest Zone's NI 43-101 inferred gold resource of 200,000 oz Au on the Newmont Lake property are part of "an active VMS mineralizing system of regional extent" (Mihalynuk et. al, 2011). Romios refers to this belt of rocks as the "Stikine VMS Belt", extending for at least 20 km and contains numerous occurrences of volcanogenic massive sulphide Cu-Au-Ag-Zn mineralization, which includes the Ken, Rope, Glacier, Jazzman, and Matterhorn Zones on Romios' Newmont Lake property. Drilling at the Ken Zone by Pezgold Resources in 1988 intersected near surface, skarn-type copper and gold mineralization including a 5.4 metre drill hole intersection averaging 2.81 g/t Au and 0.83% Cu as well as other mineralized intercepts. Two samples taken 10 metres apart by the BCGS at a newly discovered zone which they named 'Andrei', striking along the northern end of this belt, assayed a combined average grade of 0.16% Cu, 0.40% Zn, and 5.8 g/t Ag.

Romios staked 19 additional claims totaling 8,112 hectares- called the Andrei property- to cover the extensions of this Cu-Au-Ag-Zn mineralized VMS belt to the northwest of the Newmont Lake property. In addition to the continuing exploration on the Trek property, Romios plans to conduct additional exploration consisting principally of geological mapping, ground geophysical surveys, sampling and diamond drilling to further develop the Dirk, Newmont Lake, and Andrei properties in the near future.

Maps of the new claims, mineral showings, and sample results have been posted on the Romios website. Details and additional information about the BC Ministry of Mines mapping project in the Dirk, Andrei, and Newmont Lake area (Geofile 2011-2) can be found on the web at:
http://www.empr.gov.bc.ca/Mining/Geoscience/PublicationsCatalogue/GeoFiles/Pages/2011-2.aspx.

March 6-9, 2011, Romios will be exhibiting at the Prospectors and Developers Association of Canada conference in the South Building of the Metro Toronto Convention Centre. Please visit us in Booth 2843.

The technical information contained in this press release has been reviewed and approved by Mr. Thomas Skimming, P. Eng., Director and VP of Exploration for 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.

Contact Information

  • Romios Gold Resources Inc.
    Tom Drivas
    President and Director
    416-221-4124
    416-218-9772 (FAX)
    romios@romios.com
    or
    Romios Gold Resources Inc.
    Michael D'Amico
    CFO
    647-500-6023
    416-218-9772 (FAX)
    michael@baystreetconnect.com
    or
    Romios Gold Resources Inc.
    Thomas Skimming, P. Eng.
    Director and VP of Exploration
    416-444-0900
    tmsk8ing@hotmail.com
    or
    Head Office:
    25 Adelaide Street East, Suite 1010
    Toronto, ON Canada, M5C 3A1
    416-221-4124
    416 218-9772 (FAX)
    www.romios.com