Romios Gold’s Summer Exploration Program Produces Early Positive Results
Romios Gold Resources Inc. (“Romios” or the “Corporation”) (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) is pleased to report on the early positive results from its $ 5.0 million exploration program underway at its various properties located in the Galore Creek area of northwestern British Columbia. The program consists principally of diamond drilling at the North West Zone and on the Trek property and in addition, includes ground geophysical surveys, geological mapping, prospecting, soil and rock geochemical surveys and metallurgical test work. Diamond drilling at Newmont Lake and Trek properties has identified extensive mineralization characteristic of a number of known copper- gold porphyry deposits and has encountered large, mineral-rich breccia zones, believed to be related genetically to the system of mineralized porphyry intrusives on Romios’ various properties. The field work and geophysical surveys have delineated anomalous zones that are being targeted for additional work.
A total of 13 diamond drill holes, consisting of 10 exploration holes and 3 metallurgical holes, have been completed at the Newmont Lake and Trek properties. Drilling at Newmont Lake is directed at expanding the known resource of the North West Zone which, based on earlier drilling, was calculated to contain a NI 43-101 inferred resource of 1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu and 6.4 gpt Ag or a gold equivalent grade (AuEq) of 5.16 gpt that was announced in a press release dated March 26, 2007. This equates to in-situ contained metal of 200,000 ounces of gold, 6,790,000 pounds of copper and 291,000 ounces of silver. These resources are reported at a base case gold equivalent cut-off grade of 2 gpt. Mineral Resources are not Mineral Reserves as Mineral Resources have not demonstrated economic viability. The drilling cut wide zones of disseminated mineralization as well as highly silificied breccia zones typical of the higher grade gold mineralization encountered in earlier drilling within the North West Zone. Final assay results from the drilling program are pending.
Diamond drilling on the Trek Property is targeting copper-gold porphyry style mineralization and higher grade copper-gold mineralization contained within breccia zones. A breccia zone exposed in a large cliff face located adjacent to the drill site exhibits strong copper oxide staining. The initial hole (TR-08-01) at Trek intersected 20.7 metres (from 158.2 metres to 178.9 metres) of breccia zone mineralization, and the second hole (TR-08-02) intersected 121.9 metres (from 139.9 metres to 261.8 metres) of disseminated, porphyry-style mineralization. The third hole (TR-08-03) was stopped at 209.0 metres due to poor ground conditions. The hole intersected 94.0 metres (from 115.0 metres to 209.0 metres) of disseminated porphyry mineralization and remained in mineralization at the bottom of the hole. Assay results are pending and drilling continues on the fourth hole (TR-08-04).
Airborne and Ground Geophysical Surveys
A helicopter DIGEM/EM-Magnetic survey was competed by Fugro Airborne Surveys Corp over Romios’ recently acquired claims adjacent to the Newmont Lake property. The survey comprised approximately 600 line kilometres of data. The preliminary field data identified both magnetic anomalies and conductors that correspond with surface showings of chalcopyrite- pyrite mineralization and zones of strong potassic alteration Additional field work and ground geophysics are planned.
Ground geophysical surveys consisting of Magnetic, IP Time Domain EM and down-the-hole EM are underway at the Newmont Lake and Trek properties. The geophysical surveys at Newmont Lake extend coverage to the north and south of the North West Zone as well as provide detailed surveys for a newly identified TS4 airborne geophysical anomaly. Geophysical surveys at the Trek property are aimed at identifying anomalies associated with the porphyry and breccia mineralization as well as defining significant structural features on the property.
Mapping, Prospecting and Soil Sampling
Detailed geological mapping and prospecting is underway at the Newmont Lake and Trek properties. At the Newmont Lake property, mapping and prospecting are being carried out on the recently acquired ground and in the area of the RNT and Chochi Zones (see Press Releases dated November 8th and December 3rd, 2007). Assay results from the program are still pending. Prospecting and bedrock mapping has also been completed at Trek and Royce-Porc properties.
An extensive program of bedrock and soil sampling has been completed along the highly prospective Newmont Fault towards the northeast. Preliminary assay results for the soil sampling program show highly elevated copper values.
Tom Drivas, President, stated, “We are excited by these early, very positive results from our exploration programs and look forward to receiving assay and geophysical results and releasing them as they become available.”
The technical information contained in this press release has been reviewed and approved by Mr. Thomas Skimming, P. Eng., Geologist, V.P. of Exploration, Director of Romios Gold Resources 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 and Nevada. The Corporation plans to undertake extensive exploration work on its Galore Creek properties in British Columbia, which are centrally located between NovaGold’s large gold-copper-silver deposit and Barrick’s high grade gold mine at Eskay Creek.
Exchange Listings and Symbols: (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R). Head Office: 25 Adelaide Street East, Suite 1010, Toronto, ON Canada, M5C 3A1 Tel: 416-221-4124, Fax: 416 218-9772 Website: www.romios.com. Contact: Tom Drivas, President Email Address: email@example.com
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. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
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Contacts: Romios Gold Resources Inc. Tom Drivas President and Director (416) 221-4124 (416) 218-9772 (FAX) Email: firstname.lastname@example.org Romios Gold Resources Inc. Thomas Skimming Vice President of Exploration and Director (416) 444-0900 (416) 444-0586 (FAX) Email: email@example.com Website: www.romios.com
SOURCE: Romios Gold Resources Inc.