Romios Gold Resources Inc.

TSX VENTURE : RG
PINKSHEETS : RMIOF
FRANKFURT : D4R


Romios Gold Resources Inc.

March 20, 2014 09:55 ET

Romios Appoints Geotech Ltd. to Fly a VTEM® plus Airborne Geophysical Survey Over Its Lundmark-Akow Lakes Claims in Northwestern Ontario

TORONTO, ONTARIO--(Marketwired - March 20, 2014) - Romios Gold Resources Inc. ("Romios") (TSX VENTURE:RG)(PINKSHEETS:RMIOF)(FRANKFURT:D4R) is pleased to announce that it has contracted Geotech Ltd. to fly a 262 line kilometre VTEM® plus time-domain system electromagnetic and magnetic survey over its Lundmark-Akow Lakes claims located just north of Goldcorp's Musselwhite Mine, within the North Caribou Lake greenstone belt in the Patricia Mining Division, northwestern Ontario.

Geotech's proprietary VTEM® plus is the leading time-domain electromagnetic system in the world. The coincident, vertical dipole transmitter-receiver configuration provides a symmetric system response. Any asymmetry in the measured EM profile is due to the conductor dip, not the system or direction of flying. This allows for easy identification of the conductor location and for interpretation of the EM data. Geotech represents that the low noise receiver, plus the high power transmitter yields a low noise system that has the best signal-to-noise ratio of any airborne survey system available commercially.

The planned VTEM® plus airborne survey will be carried out over the area where earlier exploration programs carried out by Romios identified indications of widespread gold mineralization associated with banded iron formations, a deformation zone and an extensive zone of stringer-type copper mineralization, believed to reflect a more massive copper sulphide occurrence at depth.

As previously reported, five holes were drilled by Romios to test the copper zone during the winter of 1998-1999. All five drill holes (holes RGRI-99-1 to RGRI-99-5) intersected wide zones of potentially significant copper and gold mineralization over a strike length of more than 1,000 metres (3,280 feet). Rather than assay the entire width of the stringer-type copper mineralization in each hole, a number of samples were collected throughout the zone to determine roughly the tenor of the copper and gold contained within the mineralized zone.

One of the more notable holes (hole RGRI-99-3) intersected 94.0 metres (308 feet) of the stringer-type copper mineralization. A total of 25 samples collected over 12.21 metres (40.05 feet) within the mineralized zone assayed a weighted average of 0.39% copper. Highly anomalous gold values were encountered over 96.32 metres (316.0 feet) within this zone. A total of 22 samples over 11.30 metres (37.07 feet) averaged 0.36 gpt in gold. Similar copper and gold grades over comparable widths were encountered in the other 4 holes. (Press Release dated March 31, 1999).

In the most southerly exposed portion of the gold-bearing deformation zone, 14 grab and channel samples collected from an outcrop area assayed from a low of 12.26 gpt (0.358 oz/ton) to a high of 1,323.81 gpt (38.612 oz/ton) of gold. The arithmetic average of the 14 samples was 402.85 gpt (11.75 oz/ton) of gold. (Press Release dated November 24, 1997).

This press release was approved by Thomas Skimming, P.Eng, Vice-President of Exploration and a Director of Romios and a Qualified Person as defined by National Instrument 43-101.

About Romios Gold Resources Inc.

Romios is a progressive Canadian mineral exploration company established in 1995 and is actively engaged in precious and base metal exploration in 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 currently exploring its Golden Triangle 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.

This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such 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 Director
    (416) 444-0900
    tmsk8ing@hotmail.com

    Romios Gold Resources Inc.
    Frank van de Water
    Chief Operating Officer and Director
    (416) 221-4124
    fvandewater@on.aibn.com