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Romios Gold Resources Inc V.RG

Alternate Symbol(s):  RMIOF

Romios Gold Resources Inc. is a Canadian mineral exploration company. It is engaged in precious- and base-metal exploration, focused on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus four additional claim blocks in northwestern Ontario and extensive claim holdings covering several porphyry copper-gold prospects in the Golden Triangle of British Columbia. Its additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings, and two former producers: the Scossa mine property (Nevada) which is a former high-grade gold producer, and the La Corne molybdenum mine property (Quebec). It also has an interest in several properties, including a 20% carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2% net smelter return (NSR) on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC.


TSXV:RG - Post by User

Post by Betteryear2on Feb 14, 2022 9:45am
151 Views
Post# 34425889

Romios Gold Expands Gold-Copper Stockwork Zone

Romios Gold Expands Gold-Copper Stockwork Zone

Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report on the results of two diamond drill holes completed in September 2021 on the Gold-Copper Stockwork target at the Lundmark-Akow Lake project in NW Ontario. These two holes were part of a nine-hole program totalling 1,756 metres, drilled from 8 sites to test a variety of targets across this very large, 7,800-hectare property that is host to at least 4 different types of gold and copper zones.

Highlights:

  • The main gold-copper stockwork has appreciable widths and grades across a significant strike length of greater than 125 m and is open down dip and along strike in both directions.
  • Broad zones of stockwork veinlet type mineralization were intersected at shallow depths in hole RGR-21-04, assaying up to:
    • 3.3 g/t Gold Equivalent (Au Eq) (2.6 g/t Au, 0.39% Cu) over 16.9 metres (Drilled Width / "DW")
    • Including 5.1 g/t Au Eq (4.3 g/t Au, 0.46% Cu) over 9.8 m and 16.9 g/t Au Eq (16.03 g/t Au, 0.54% Cu) over 2.45 m.
  • The same mineralized zone was intersected in two drill holes in 2019 (see Map 1 & Table 1 below and News Release December 5, 2019). A parallel, narrower zone grading 5.7 g/t Au and 0.24% Cu over 2.5 m was intersected a further 120 m along strike in hole RGR-21-07.
  • Mineralization is developed adjacent to a swarm of quartz-feldspar porphyry (QFP) intrusions which are very abundant, large, and somewhat unique to the NW part of the property.
  • The aeromagnetic pattern of this area suggests that the QFP intrusions are very extensive and provides numerous additional drill targets for this type of shallow, potentially open-pitable mineralization.
  • The diamond drill rig has been left on the property in order to carry out follow-up drilling in 2022.

"There is a good deal of intriguing mineralization in this project area," commented Stephen Burega, President of Romios. "Almost every drill hole intersects gold-copper mineralization, often 2 or 3 different types. The majority of this belt of rocks is quite barren so to find a spot under relatively thin overburden cover like northwest Lundmark-Akow where there is such a clustering of mineralization is very encouraging and we believe that this work could lead to a significant discovery".


https://www.newsfilecorp.com/release/113728

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