Newmont Lake Property Exploration
Romios plans exploration drilling at Newmont Lake
2012-04-18 08:27 ET - News Release
Mr. Tom Drivas reports
ROMIOS GOLD RESOURCES INC.: ACTIVITIES UPDATE ON THE TREK AND NEWMONT LAKE PROJECTS, NORTHWESTERN BC
Romios Gold Resources Inc. has provided the following update on the progress of activities at its Trek copper-gold-silver porphyry project and its Newmont Lake project (gold-copper-silver porphyry and massive sulphide), both located in northwestern British Columbia.
Trek property: assessment
On March 14, 2012, Romios retained Tetra Tech Wardrop to review and assess the Trek property's North zone. The study will include a review of existing data and will focus on the potential continuity of the zones of higher-grade intercepts as well as extensions to the known areas of mineralization. The results of this review will facilitate the optimum location of infill and exploratory drill holes in future exploration programs on the Trek property with a view to compiling sufficient data to prepare a future National Instrument 43-101-compliant resource for the Trek property.
Additionally, mineralization located at surface and within recent and historic drilling will be evaluated along an approximately five-kilometre-long trend on the Trek property for the potential of propertywide continuity among the zones, resulting in drill planning for the development of a major B.C.-style porphyry deposit.
Newmont Lake project: engineering and infrastructure
During the summer of 2011, Romios retained Knight Piesold Ltd. of Vancouver to review and assess potential infrastructure associated with Romios's Newmont Lake project, which includes the combined Newmont Lake and Dirk properties. As part of the initial evaluation, KP identified potential locations for road access, tailings facilities and mill sites for the Newmont Lake project. This high-level planning exercise was completed as the precursor to a preliminary economic assessment study. As part of this study, KP identified an approximate 30-kilometre-long road route connecting the Newmont Lake project with the existing Eskay Creek Road and with connections to the AltaGas Forrest Kerr hydroelectric project.
In a news release dated March 8, 2012, AltaGas announced its progress on construction and infrastructure pertaining to its Forrest Kerr hydroelectric project, approximately 32 kilometres from Romios's Newmont Lake project. Also stated in the AltaGas news release was the projected late 2012 start date for construction on AltaGas's 66-megawatt McLymont Creek hydroelectric project, located within 10 kilometres of Romios's Newmont Lake project, also within the McLymont River Valley.
Together, BC Hydro's Highway 37 transmission line, with an expected completion date in late 2013, and AltaGas's McLymont Creek hydroelectric project, with an expected completion date of late 2015, will bring power and road access nearly the full distance to the Newmont Lake project, making the Newmont Lake project one of the most accessible upcoming gold-copper-silver metallogenic districts within the northwestern B.C. area.
Newmont Lake/Trek: summer planning
Concurrent with the retention of Tetra Tech and Knight-Piesold, Romios is planning a drilling campaign during the summer of 2012 to investigate extensions to the existing National Instrument 43-101 inferred resource of the Newmont Lake Northwest zone, a review of the potential continuity of the zones of higher-grade intercepts at the '72 and Telena zones, exploration for extensions to the near-surface high-grade Ken zone, and opportunities for expansion at the Trek property's North zone. Romios intends to advance the Newmont Lake project in pace with adjacent infrastructure construction to optimize development of the Newmont Lake project's numerous mineralized zones.
The technical information contained in this press release has been reviewed by Thomas Skimming, PEng, vice-president, exploration, and a director of Romios, a qualified person as defined by National Instrument 43-101.
We seek Safe Harbor.