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The management of Romios Gold Resources
Inc. (TSX VENTURE:RG
- News; OTCBB:RMIOF - News; FRANKFURT:D4R - News) is pleased to announce
a new drill program at its La Corne molybdenum property in northwestern
Quebec, planned to commence on November 25, 2010.
The property is located approximately 30
kms from Val d'Or, Quebec and is the site of the former La Corne molybdenum
mine which, according to previous operators, is reported to have produced
3,838,844 tons of ore at a head grade of 0.33% MoS2 and 0.040% bismuth from
underground workings prior to its closure in 1972.
In a press release dated October 15th,
2009, Romios summarized the results of its 2008 diamond drill program on the
La Corne molybdenum property after giving effect to the re-assaying of the
drill core using the "four acid" method to more effectively digest
all of the molybdenum contained in the higher grade samples. All nineteen
holes totalling 5,738 metres (18,825 feet) in length intersected long
intervals of molybdenum, bismuth, silver and lithium
mineralization. The most notable intersection was encountered in hole
RQ-08-15 which intersected 168.30 metres (552.16 feet) grading 0.0850% MoS2,
0.0064% bismuth, 0.120 g/t silver and 0.012% lithium.
Romios intends to drill five drill holes
as part of a program to evaluate the potential of a mineral deposit on the La
Corne property that may be amenable to a lower cost, open pit method of
mining. The Company has retained Geologica Inc. of Val d'Or to supervise the
drilling which will be conducted by Orbit Drilling Ltd.
This press release was prepared by Mr.
Mel de Quadros, P. Eng., Geologist, 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 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.
Exchange Listings and Symbols: (TSX
VENTURE:RG - News; OTCBB:RMIOF - News; FRANKFURT:D4R - News)
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.
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.
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