Romios Gold Resources Inc.
TSX VENTURE : RG
PINKSHEETS : RMIOF
FRANKFURT : D4R

Romios Gold Resources Inc.

October 07, 2013 09:41 ET

Romios Reports an Average 0.47% Copper, 0.27 g/t Gold and 3.77 g/t Silver for 100 Rock Chip and Rock Samples Over an Area of 300 by 225 Metres from the Burgundy Ridge Discovery

TORONTO, ONTARIO--(Marketwired - Oct. 7, 2013) - Romios Gold Resources Inc. (TSX VENTURE:RG)(PINKSHEETS:RMIOF)(FRANKFURT:D4R) is pleased to announce the assay results of its exploration program conducted in August 2013 on its Newmont Lake Project Area. This summer's higher temperatures reduced the snowpack on the Newmont Lake Claims considerably, and the late summer work program allowed Romios field crews to explore two new areas, the "Burgundy Ridge Showing" and the "Argent Showing".

Burgundy Ridge

The Burgundy Ridge discovery is an area of widespread exposed mineralization over a 300 metre-long by 225 metre-wide area and exposed in a cliff face extending to over 50 metres high. The total relief of the exposed mineralization extends over 150 metres in elevation, and both the assay and geologic mapping strongly support a continuation of the mineralization to the north, west, and south.

The area of mineralization at the Burgundy Ridge was gridded with lines spaced every 15 metres oriented in an east-west direction. Initially rock samples were collected every 15 metres along the grid lines but when mineralization was found to extend beyond this grid to the west and to the south, the line spacing was changed to 30 metre, to account for the expanded mineralized area and the length of the field season. Grid samples at each station consisted of rock chips selected by the geologist to represent visually both the rock type and average mineralization within a 2.0 metre diameter circle of each sample station unless the station was covered by snow or rock talus, when no sample was taken. The resultant assays are presented below; the reader is cautioned that these and other assays below do not define the mineralized zones, but rather they show very prospective areas needing further evaluation.

The hundred grid rock samples cover an area of about 300 metres by 225 metres. The assays of these rock chip samples varied from zero to as high as the samples which assayed 6.18% Cu, 3.57 g/t Au, 28.5 g/t Ag, and 5.85% Cu, 3.89 g/t Au, 13.70 g/t Ag. The arithmetic average of all the 100 grid samples is 0.47% Cu, 0.27 g/t Au, and 3.77 g/t Ag.

Thirty three grab samples were selected from the numerous higher-grade zones that were not sampled by the grid sampling. These 33 grab samples, also representative of a 2 metre circle at the site, averaged 2.18% Cu, 0.52 g/t Au, and 9.9 g/t Ag, with individual assays ranging from 0.04%Cu, 0.02 g/t Ag to as high as 21.90% Cu, 7.38 g/t Au, and 51.1 g/t Ag. Pods of 75% to 100% sulphides up to a metre in length occur in the breccia. One selected sample from one of these pods assayed 26.6% Cu, 1.48 g/t Au and 128 g/t Ag. Again, while these assays are not expected to be representative of the Burgundy Ridge Showing, they do confirm the mineralized nature of the showing.

Four chip samples were selected across the width of one well-exposed porphyry dyke. Two of these chip samples, taken from across the width of a 10 metre-long exposure of a well-mineralized portion of the dyke, assayed 3.31% Cu, 0.43 g/t Au, 14.6 g/t Ag, and 1.19% Cu, 0.15 g/t Au, and 7.67 g/t Ag, over 0.8 metres and 0.3 metres, respectively.

The assay results confirm the high potential of the Burgundy Ridge Showing. The Burgundy Ridge is interpreted to be one of the principle epicenters for porphyry mineralization through the entire Newmont Lake Project area, and represents a significant drill-ready target for future exploration programs. Photographs of the mineralization at the Burgundy Ridge Showing can be accessed on the Company website at http://www.romios.com/s/BurgundyPhotos.asp

Argent Showing

The Argent Showing is in the southeast portion of the Newmont Lake Project and is nine kilometres from road access. Two veins located within the southeast of the Argent Showing contain highly anomalous silver and copper. Nine rock grab samples collected over a 10 metre long exposure of these veins returned assays greater than 31 grams of silver per tonne and multiple percent copper. The three highest grade samples assayed 840 g/t Ag, 1.25 % Cu; 917 g/t Ag, 1.69 % Cu, 0.15 g/t Au; and 1450 g/t Ag, 2.76 % Cu, and 0.22 g/t Au. While these assays are not expected to be representative of the entire Argent Showing, they do confirm the mineralized nature of the showing.

Two veins located approximately 300 metres further north, along the eastern side of the Argent Showing, also contain elevated silver and copper. Grab rock samples from these veins assayed 1.9 g/t Ag, 0.39% Cu; and 1.6 g/t Ag, 0.24% Cu.

Another site, located in the northwest of the Argent Showing, exposed a quartz vein that assays a highly anomalous 11.8 g/t Au and 2.8 g/t Ag.

The Argent Showing appears similar to the vein and shear-hosted mineralization styles of the historic Johnny Mountain and Snip Gold deposits located approximately 15 kilometres to the southwest. Johnny Mountain produced approximately 220,000 tonnes grading 18.7 g/t Ag, 12.4 g/t Au, and 0.5% Cu. Barrick Gold mined the Snip Gold deposit and reported nearly 1 million tonnes of gold grading approximately 31 g/t Au.

Field and Assay Procedures: The geologic and sampling program was conducted by Romios geologists and support staff in August 2013. Samples were bagged and labelled on site. These samples were then shipped to AGAT Laboratories in Terrace, B.C. for sample preparation and assay. AGAT conducted on all samples a Metal Package by 4 acid digest with ICP/ICP-MS Finish. Gold assays were conducted with Trace Levels Au package, with fire assay followed by ICP/OES Finish (30g charge). As a matter of procedure, a rigorous on-site quality assurance and quality control program was implemented, including the insertion of blanks, standards and duplicates within the samples to ensure reliable assay results.

The technical information contained in this press release has been reviewed and approved by Antonio de Quadros, PhD, PEng, a Romios Director, 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 actively exploring 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.

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.
    Antonio de Quadros, PhD, PEng
    Director and Geologist
    416-668-6145
    ymirconsulting@gmail.com