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

Romios Gold Resources Inc.

November 17, 2011 08:00 ET

Romios Announces Additional Drill Results Continues to Encounter Significant Mineralization on Its Dirk Property in British Columbia

TORONTO, ONTARIO--(Marketwire - Nov. 17, 2011) - Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) ("Romios" or the "Company") is pleased to announce the results from the analyses of the remainder of the drill core samples from the diamond drill program carried out during the month of August, 2011 on Romios' wholly-owned Dirk Property in the vicinity of Galore Creek in northwestern British Columbia.

Romios completed four diamond drill holes collectively totalling 743 metres (2,437.6 feet) in length on the Dirk Property during August of 2011 which encountered copper (Cu), gold (Au) and silver (Ag)-bearing sulphides near-surface in all of the drill holes within breccias and intrusions that appear to be genetically related to syenitic intrusions similar to those located at the neighbouring NovaGold-Teck Resources' Galore Creek Project, Seabridge Gold's KSM and Brucejack Projects in northwestern British Columbia and Imperial Metals' Mount Polley Project in central British Columbia.

Romios' CEO Tom Drivas stated "We are very excited about the Dirk drill results. This is the first drill program undertaken by Romios on the Dirk property and these early results may indicate the presence of significant new porphyry mineralization. British Columbia porphyry-type orebodies are typically large tonnage, lower grade deposits. To date, we have identified four zones of copper-gold-silver mineralization on the Dirk property which coincide with a 4 km long airborne magnetic anomaly identified in a recent survey commissioned by Romios. Only two zones, approximately 2 km apart, have been tested with the drilling carried out to date. The results from the diamond drilling carried out during the last several field seasons, demonstrate the potential for significant porphyry mineralization both on the Dirk and Trek properties. We are awaiting additional assay results from the drilling carried out on the Trek property and intend to continue our exploration efforts to evaluate the overall porphyry potential of these properties."

Table 1 below, contains a complete list of all assay summaries for the 2011 drilling program on both the '72 ('DRK') and Telena ('TEL') Zones on the Dirk Property. Summarized highlights follow:

The first tranche of assays from hole DRK11-01 were announced in a Press Release issued on October 19, 2011 and included a section of 63.35 metres (207.84 feet) grading 0.29% Cu, 0.25 g/t Au and 2.93 g/t Ag starting from 14.65 metres below surface.

Hole DRK11-02 encountered prolific sulphide mineralization from surface to 182 metres down the hole, which included an interval, starting at 3.60 metres below surface, of 68.4 m (224.41 feet) grading 0.15% Cu, 0.22 g/t gold and 1.53 g/t Ag. The upper portion of this interval from 3.60 to 8.20 metres (4.62 metres or 15.16 feet) assayed 0.91% Cu, 1.66 g/t Au and 6.20 g/t Ag. A much longer interval from 3.60 to 133.80 metres (130.20 metres or 427.16 feet) averaged 0.10% Cu, 0.16 g/t Au and 1.33 g/t Ag, which illustrates the pervasive nature of the copper-gold-silver mineralization within the porphyry.

Hole DRK11-03, drilled to a length of 159 metres, encountered a zone of sulphide mineralization starting from 3.0 metres (essentially the collar of the hole) to 27.76 metres down the hole. This 24.76 metres (81.23 feet) section assayed 0.19 % Cu, 0.24 g/t Au, and 1.34 g/t Ag.

Hole TEL11-01 was drilled to a length of 104 metres and is the only hole drilled on the Telena Zone to date. The relatively shallow hole intersected chalcopyrite veining within megacrystic syenite intrusions throughout the top 50 metres of the hole. The interval from 6.0 metres to 51.93 metres (45.93 metres or 150.69 feet) down the hole assayed 0.18% Cu, 0.09 g/t Au, and 2.07 g/t Ag.

Elevated platinum (Pt) and palladium (Pd) values were encountered in all four drill holes. Values are outlined in the table below.

Table 1: Weighted assay composites from holes DRK11-01, DRK11-02, and DRK11-03 from the '72 Zone and hole TEL11-01 from the Telena Zone, on Romios' Dirk property.

From To Length Length Cu Au Ag Pt+Pd
Hole Interval (m) (m) (m) (ft) % g/t g/t (g/t)
DRK11-01 (previously released- Oct 19, 2011)
Section 1 14.65 25.81 11.16 36.61 0.61 0.21 4.63 0.007
Containing 15.56 20.50 4.94 16.21 1.09 0.34 6.31 0.007
Section 2 34.22 49.08 14.86 48.75 0.47 0.34 5.00 0.007
Containing 43.87 48.00 4.13 13.55 1.01 0.48 9.65 0.004
Section 3 64.08 69.87 5.79 19.00 0.56 0.81 8.18 0.004
Containing 65.66 67.71 2.05 6.73 1.19 1.59 18.84 0.004
Section 1-3
Envelope 14.65 78.00 63.35 207.84 0.29 0.25 2.93 0.007
Section 4 96.76 97.85 1.09 3.58 0.02 0.02 0.25 0.029
DRK11-02
Section 1 3.60 10.11 6.51 21.36 0.72 1.24 6.09 0.081
Containing 6.83 8.22 1.39 4.56 1.65 3.75 13.00 0.056
Within 3.60 8.22 4.62 15.16 0.91 1.66 6.20 0.104
Section 2 15.20 24.70 9.50 31.17 0.15 0.19 1.10 0.012
Containing 20.35 24.70 4.35 14.27 0.17 0.25 1.13 0.017
Section 3 40.10 45.00 4.90 16.08 0.21 0.26 1.16 0.019
Section 4 50.30 51.30 1.00 3.28 0.71 0.23 11.00 0.033
Section 5 69.43 72.00 2.57 8.43 0.12 0.18 1.05 0.013
Section 6 99.00 115.50 16.50 54.13 0.06 0.14 1.28 0.010
Containing 100.09 100.33 0.24 0.79 0.15 0.74 1.70 0.034
Within 99.00 101.00 2.00 6.56 0.04 0.39 1.24 0.009
And Containing 113.30 115.50 2.20 7.22 0.12 0.21 1.83 0.004
Section 7 124.26 133.80 9.54 31.30 0.08 0.10 2.75 0.004
Containing 132.00 133.80 1.80 5.91 0.34 0.16 9.70 0.000
Section 8 165.00 181.82 16.82 55.18 0.02 0.02 3.15 0.006
Containing 177.72 178.20 0.48 1.57 0.03 0.18 53.60 0.004
Section 1-2
Envelope 3.60 24.70 21.10 69.22 0.30 0.48 2.71 0.032
Section 1-3
Envelope 3.60 45.00 41.40 135.83 0.19 0.29 1.90 0.020
Section 1-4
Envelope 3.60 51.30 47.70 156.49 0.18 0.26 1.92 0.019
Section 1-5
Envelope 3.60 72.00 68.40 224.41 0.15 0.22 1.53 0.016
Section 1-6
Envelope 3.60 115.50 111.90 367.12 0.11 0.17 1.27 0.012
Section 1-7
Envelope 3.60 133.80 130.20 427.16 0.10 0.16 1.33 0.011
Section 1-8
Envelope 3.60 181.82 178.22 584.70 0.08 0.12 1.53 0.010
DRK11-03
Section 1 3.00 27.76 24.76 81.23 0.19 0.24 1.34 0.048
Containing 3.00 7.97 4.97 16.31 0.23 0.21 1.92 0.018
Containing 10.16 14.62 4.46 14.63 0.25 0.35 1.35 0.046
Containing 20.10 21.11 1.01 3.31 0.36 0.17 1.70 0.065
and Containing 23.41 24.60 1.19 3.90 0.43 0.67 2.70 0.178
Within 23.41 27.76 4.35 14.27 0.23 0.33 1.61 0.151
Section 2 36.00 37.05 1.05 3.44 0.31 0.07 3.80 0.198
Section 3 120.70 122.02 1.32 4.33 0.24 0.26 1.60 0.077
Pt + Pd Section 23.41 40.51 17.10 56.10 0.14 0.15 0.91 0.153
Containing 28.48 31.50 3.02 9.91 0.09 0.10 0.40 0.235
TEL11-01
Section 1 6.00 51.93 45.93 150.69 0.18 0.09 2.07 0.018
Containing 27.36 28.70 1.34 4.40 0.92 0.30 4.60 0.125
Within 26.90 32.23 5.33 17.49 0.53 0.25 3.72 0.088
and Containing 37.78 38.92 1.14 3.74 1.09 0.17 11.0 0.009
and Containing 51.68 51.93 0.25 0.82 2.14 0.66 5.20 0.031
Section 2 93.00 95.50 2.50 8.20 0.00 0.49 0.80 0.003

QA/QC

As a matter of procedure, the mineralized 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.

The technical information contained in this press release has been prepared by Mr. Thomas Skimming, P.Eng., Vice-President, Exploration and a Director of Romios Gold Resources Inc. and a Qualified Person as defined by National Instrument 43-101.

A map showing the location of the drill holes reviewed herein can be found at: http://www.romios.com/s/DirkMaps.asp. For additional information, including maps showing the location of drill holes completed to date during the 2011 drill program, please visit our website at www.romios.com.

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-V:RG, NASDAQ OTC: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.
    Thomas Skimming, P.Eng.
    Vice-President, Exploration and a Director
    of Romios Gold Resources Inc.
    416-444-0900
    tmsk8ing@hotmail.com

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

    Romios Gold Resources Inc.
    Head Office:
    25 Adelaide Street East, Suite 1010
    Toronto, ON Canada, M5C 3A1
    www.romios.com