Romios Gold Resources Inc

Published : May 29th, 2012

Announces $1.4 Million Exploration Program for 2012 in the Golden Triangle Area, Northwestern Britis

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News Release Tuesday, May 29, 2012

Romios Announces $1.4 Million Exploration Program for 2012 in the Golden Triangle Area, Northwestern British Columbia

Romios Gold Resources Inc. (TSX.V -RG) is pleased to announce that it will undertake an exploration program beginning in June on its Newmont Lake Project located in northwestern British Columbia. The program, estimated to cost $1.4 million, will consist of Diamond drilling on the Northwest, Ken, '72, and Telena Zones, with additional ground magnetic and magneto-telluric geophysical surveys planned for both the Newmont Lake and Trek projects. In addition, continued prospecting and geochemical sampling will be carried out to test for extensions of existing mineralization and identification of new high-grade gold and copper mineralization on both the Newmont Lake and Trek projects.

Newmont Lake Project: Cu-Au-Ag Porphyry, Au-Cu Skarn

The combined Newmont Lake Project is comprised of the Newmont Lake, Dirk and Andrei properties, which totals approximately 53,889 hectares (133,162 acres). The project hosts multiple porphyry-style mineral showings. Drill testing since 2007 on a number of these showings confirmed massive sulphide, porphyry, and porphyry-related skarn mineralization. The planned exploration program will concentrate on advancing the '72 and Telena Zones, which were first drilled during the summer of 2011 (Press Release dated Oct 19, 2011), and adjacent higher-grade massive sulphide-bearing Ken and Northwest Zones. Results encountered to date include a drill hole intersection of 753 g/t gold, 463 g/t silver, and 0.69% copper over 0.44 metres. This intercept is contained within a wider 14.01 metre (45.95 feet) mineralized interval that assayed 26.44 g/t (.77 oz) gold, 21.36 g/t (.62 oz) silver and 0.21% copper (see Press Release dated Sept 22, 2008). This mineralization style could be similar to the "Valley of the Kings" at the Brucejack deposit, 40 kilometres to the southeast. An existing NI 43-101 inferred resource at the project's Northwest Zone includes 1,406,000 tonnes at a grade of 4.43 g/t Au, 0.22% Cu and 6.4 g/t Ag or a gold equivalent grade (AuEq) of 5.16 g/t. This equates to in-situ contained metal of 200,000 ounces of gold, 6,790,000 lbs. of copper and 291,000 ounces of silver. These resources are reported at a base case gold equivalent cut-off grade of 2 g/t. (Mineral Resources have not demonstrated economic viability and therefore are not Mineral Reserves) (See Press Release dated March 26, 2007)

District infrastructure developments include a planned hydropower facility, road, and communications located approximately 15 kilometres south of the Romios' McLymont Camp (Press Release dated April 3, 2012), making the Newmont Lake Project one of the most accessible in the Golden Triangle.

The BC Ministry of Forests, Mines and Lands postulated that the Newmont Lake Project and the VMS belt discoveries, of which Romios is the primary tenure holder, are "unprecedented opportunities to expand the 'Golden Triangle' to the north, from the Eskay Creek, Snip, and the Rock and Roll deposits towards the large Cu-Au-Ag porphyries in the neighbouring Galore Creek area" which includes Romios' Trek property and the NovaGold/Teck Resources' Galore Creek and Copper Canyon properties (Press Release March 3, 2011). The Golden Triangle extends to the south to include both Seabridge's KSM deposits and Pretium Resources' Brucejack and Snowfield deposits.

Trek Property: Au-Cu-Ag Porphyry

The Trek property, 100% owned by Romios, covers 4,297 hectares (10,618 acres) in the Galore Creek Area adjacent to GCMC's (NovaGold and Teck Resources) Galore Creek Project that contains a large, undeveloped, porphyry-related, copper-gold-silver deposit. Romios has been conducting exploration on the Trek property since 2006 and actively drilling since 2008. Drilling in 2011 at the Trek Property's North Zone identified two additional copper and gold-rich horizons (Press Releases dated September 26, December 14, 2011), as well as structures responsible for controlling the mineralizing fluids for over 5.0 kilometres of strike length.

Our 2012 exploration plans on the Trek property include updating the existing NI 43-101 technical report and implementation of both surface and down-hole geophysics to identify potential extensions of the copper and gold-rich horizons at the North Zone and other sites on the property, in preparation for the next phase of drilling and advancing this BC-style porphyry property.

The technical information contained in this press release has been reviewed by Mr. Thomas Skimming, P.Eng., Vice-President, Exploration and a Director of Romios Gold Resources Inc. 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 undertaking extensive exploration work on 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.

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.

For further information, please contact:

Tom Drivas, President, CEO and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) romios@romios.com

Thomas Skimming, P.Eng, Vice-President, Exploration and Director, (tel) 416-444-0900 or (email) tmsk8ing@hotmail.com

Mel de Quadros, Ph.D., P.Eng. Director (tel) 416-668-6145 or (email) ymirconsulting@gmail.com

Michael D'Amico, CFO: (tel) 647-500-6023 or (email) Michael@baystreetconnect.com

Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC: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

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, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

You can also view this News Release on our website at:
http://www.romios.com/s/NewsReleases.asp?ReportID=527470
 


 
 
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Romios Gold Resources Inc

PRODUCER
CODE : RG.V
ISIN : CA7759041055
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Romios Gold Res. is a gold producing company based in Canada.

Romios Gold Res. holds various exploration projects in Canada.

Its main asset in production is SCOSSA GOLD in USA and its main exploration properties are LA CORNE, SEAGOLD, LUNDMARK-AKOW LAKE, CRY LAKE (NIZI CREEK), JW PROPERTY, TIMMINS HISLOP, TREK, NEWMONT LAKE and ROYCE/PORC in Canada.

Romios Gold Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 6.7 millions as of today (US$ 5.3 millions, € 4.7 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.02, and its lowest recent point on November 15, 2019 at CA$ 0.02.

Romios Gold Res. has 167 270 000 shares outstanding.

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Annual reports of Romios Gold Resources Inc
Annual Report Filed on SEDAR
Financings of Romios Gold Resources Inc
12/12/2011Closes Flow-Through Financing
3/29/2011Closes $1.3 Million Financing
Option Grants of Romios Gold Resources Inc
6/28/2007Announces Appointment of New C.F.O. and Grant of Stock Optio...
Nominations of Romios Gold Resources Inc
4/9/2013Announces Appointment of Chief Operating Officer
2/16/2011Announces Appointment of New C.F.O.
Project news of Romios Gold Resources Inc
2/19/2014Obtains Exploration Permit And Enters Into A Letter Of Inten...
1/27/2014Expands its Land Position in Northwestern B.C.
1/23/2014to Exhibit at the Mineral Exploration Roundup
10/7/2013reports an average 0.47% copper, 0.27g/t gold and 3.77 g/t s...
7/15/2013s Activity on the Timmins - Hislop Property
1/24/2013to Exhibit at the Mineral Exploration Roundup
10/25/2012(Newmont Lake)Intersects 3.99 g/t Au, 0.17% Cu & 2.36 g/t Ag Over 11.35 Me...
8/27/2012Expands Tenure Position And Provides Exploration Update On I...
8/9/2012Provides an Update on its Exploration Program in the Golden ...
7/10/2012Commences Drilling And Exploration In The Golden Triangle, N...
5/29/2012Announces $1.4 Million Exploration Program for 2012 in the G...
4/18/2012(Trek): Activities Update on the Trek and Newmont Lake Projects, N...
4/3/2012is Pleased by AltaGas and Tahltan First Nations Agreement to...
3/5/2012(Trek)Presents Status Update on Trek Property Copper-Gold-Silver P...
1/11/2012(Timmins Hislop)Options Timmins Hislop Property to Mexivada
7/12/2011(Trek).: Ground Geophysical Survey Indicates Continuity of the Dee...
6/2/2011(Trek)Announces the Commencement of Its Aggressive $6.0+ Million D...
5/5/2011(Trek)Announces Aggressive $6.0+ Million Exploration Program for 2...
5/5/2011(Newmont Lake)Announces Aggressive $6.0+ Million Exploration Program for 2...
5/5/2011(Trek)Announces Aggressive $6.0+ Million Exploration Program for 2...
5/5/2011(Newmont Lake)Announces Aggressive $6.0+ Million Exploration Program for 2...
12/18/2007(Newmont Lake) Intersects 7.82 GPT Gold over 19.69 Metres...
5/16/2007Announces Filing of National Instrument 43-101 Report
5/15/2007To Initiate a Diamond Drilling Program on its Property in th...
Corporate news of Romios Gold Resources Inc
7/28/2016Romios Closes Non-Brokered Offering
7/13/2016Romios Announces the Appointment of Aranea Partners, Inc. as...
6/10/2016Romios Announces Financial Support for its Akow Lake Project...
6/10/2016Romios Announces Non-Brokered Offering and First Closing
5/19/2016Romios Announces Financial Support For Its Akow Lake Project...
4/20/2016Romios Announces Grant of Stock Options
1/5/2016Romios Gold Announces Appointment of Chief Financial Officer
9/10/2015Romios Announces Additional Prospecting and Sampling on Its ...
2/12/2015Romios Announces Results of a Geotech Ltd. VTEM(R) plus Airb...
11/4/2014Romios Unaware of Any Material Change
9/23/2014Romios Reports on Its 2014 Burgundy Ridge Exploration Progra...
7/22/2014Romios Commences Summer Exploration Program on Its Newmont L...
6/26/2014Romios Announces 2014 Summer Exploration Program on Its Newm...
5/6/2014Romios Announces Grant of Stock Options
4/16/2014Romios' ZTEM Survey Results on the Newmont Lake Property Ide...
2/7/2014Doubles Its Holdings In Sheslay Valley, B.C.
10/7/2013Reports an Average 0.47% Copper, 0.27 g/t Gold and 3.77 g/t ...
9/18/2013(Newmont Lake)Announces Completion Of A 359 Line Km Helicopter-Borne ZTEM ...
9/18/2013(Newmont Lake)Announces Completion of A 359 Line Km Helicopter-Borne ZTEM ...
9/4/2013Announces Initial Exploration Results For 2013, Including Di...
7/15/2013s Activity on the Timmins-Hislop Property
5/30/2013Acquires Additional 2900 Hectares in Its Golden Triangle Pro...
5/30/2013Acquires Additional 2900 Hectares in Its Golden Triangle Pro...
4/26/2013Re-Adopts Shareholder Rights Plan and Updates By-Laws
11/13/2012Encounters Gold, Copper, Silver and Significant Scandium Min...
10/30/20122012 China Mining Conference and Exhibition and Canada Miner...
10/25/2012(Newmont Lake)Intersects 3.99 g/t Au, 0.17% Cu & 2.36 g/t Ag over 11.35 Me...
10/10/2012(Newmont Lake)Encounters Widespread Gold, Copper, and Silver Mineralizatio...
10/10/2012Encounters Widespread Gold, Copper, and Silver Mineralizatio...
9/4/2012Lawrence Roulston Features Romios Gold
7/20/2012Featured on CEO Clips Airing on BNN
4/6/2012Romios Gold Among Rush to Develop BC's Golden Triangle
3/1/2012Please Visit Romios Gold at PDAC's Investors Exchange Booth ...
1/12/2012Mid-Day Breaking News From Blue River, Alexandria, Eagle Hil...
1/12/2012(La Corne)Intersects 100.90 metres (331.04 feet) of 0.061% MoS2 Inclu...
12/14/2011(Trek)Intersects 7.87% Cu, 2.17 g/t Au, 40.39 g/t Ag over 2.15 m w...
8/4/2011Jay Taylor Gives Romios a New Buy Recommendation, July 29, 2...
6/28/2011(Trek)Announces Completion of NI 43-101 Report for Its Trek Proper...
6/23/2011Announces Completion of Airborne Geophysical Survey Over the...
4/20/2011.: Unaware of Any Material Change
3/2/2011Northwest Power Line Environmental Assessment Certificate Ap...
6/5/2007Confirms That it Abandoned Merger With Copper Canyon Resourc...
6/5/2007Announces not Proceeding with Merger With Copper Canyon Reso...
5/8/2007FUGRO AIRBORNE GEOPHYSICAL SURVEYS AT THEIR GALORE CREEK PRO...
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