Romios Gold Resources Inc

Published : October 10th, 2012

Encounters Widespread Gold, Copper, and Silver Mineralization in its 2012 Drilling Program at the '7

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News Release Wednesday, October 10, 2012

Romios Encounters Widespread Gold, Copper, and Silver Mineralization in its 2012 Drilling Program at the '72 Zone, Newmont Lake Project, in Northwestern British Columbia

TORONTO, ONTARIO (October 10, 2012) - Romios Gold Resources Inc. (TSX.V -RG) ("Romios" or the "Company") is pleased to announce results from its Diamond drill program at the '72 Zone. This is the first set of drill results, comprising 6 of 14 holes drilled this summer on Romios' Newmont Lake Project, located in the Golden Triangle district in Northwestern British Columbia. Romios' mineral tenures are located between Pretium Resources' Brucejack deposit, Barrick Gold's Eskay Creek mine, and the Galore Creek Mining Corporation's (GCMC, a NovaGold/Teck Resources' joint venture) Galore Creek project.

Romios first drill-tested the '72 Zone discovery and incorporated the mineral claims into the Newmont Lake Project in 2011 (Press Release dated October 19, 2011). In July 2012, 786 metres of additional drilling at the '72 Zone through sulphide-bearing and brecciated limestone intersected porphyry dykes and numerous, concentrated mineralized horizons containing gold-copper-silver bearing sulphides with anomalous selenium, tellurium, platinum, and palladium.

"I am pleased with this year's drilling program and assays to date," stated Tom Drivas, President and CEO of Romios Gold. "The drilling at the '72 Zone definitely indicates a much larger structure demonstrating good grade and consistent mineralization. We will be planning additional drilling to extend the mineralized zone with the objective of increasing the current resource at Newmont Lake."

Drill holes DRK12-04, DRK12-05, and DRK12-08 confirmed the continuity of precious and base metal mineralization to the northeast from surface exposures. Step-out drill holes DRK12-06 and DRK12-07 intersected mineralization along strike to the southwest. The last hole drilled, DRK12-10, demonstrated widening of the zone toward the west and down-dip, extending the mineralized zone for approximately 200 metres from surface. Drill holes DRK12-07, DRK12-08, and DRK12-10 intersected mineralization with nearly twice the length and concentration of those intervals drilled previously in 2011, indicating strong potential in the area.

In the drilling campaign, the most notable zone of mineralization was encountered in hole DRK12-07 wherein a 5.42 metre (17.78 feet) zone assayed 3.09 g/t gold, 1.33% copper and 27.55 g/t silver. This intercept occurred within a wider zone of mineralization, 10.47 metres (34.35 feet) in width, which assayed 1.67 g/t gold, 0.49% copper and 6.21 g/t silver. A similar intersection was encountered in hole DRK12-08 that measured 10.27 metres (33.69 feet) in width and assayed 0.77 g/t gold, 0.82% copper and 6.90 g/t silver. Hole DRK12-10 intersected a significant width of mineralization, 40.31 metres (132.25 feet), that averaged 0.59 g/t gold, 0.21% copper and 12.07 g/t silver. Within this zone, a high grade silver intersection of 207 g/t over 0.45 metres (1.48 feet) was encountered. Highly anomalous amounts of selenium were found to be associated with the gold, copper and silver mineralization in most of the holes.

Table 1. 2012 drill hole composite assay highlights arranged in the order drilled. "Total" indicates a weighted composite total encompassing the concentrated mineralization from each drill hole; "horizon" indicates the enclosed, higher-grade sulphide horizons within the composite totals; "lower skarn" identifies assay highlights from secondary horizons. DRK12-09 was not completed to target depth.

Hole ID Zone From (m) To (m) Total (m) Total (ft) Au g/t Cu % Ag g/t Se g/t
DRK12-04 Total 1.25 14.66 13.41 44.00 0.35 0.21 1.42 0.75
  horizon A 1.25 4.98 3.73 12.24 0.53 0.37 3.27 2.49
DRK12-05 Total 1.90 16.04 14.14 46.39 0.64 0.25 2.31 1.39
  horizon A 1.90 4.07 2.17 7.12 1.04 0.74 6.42 5.84
  horizon B 7.50 7.92 0.42 1.38 4.45 0.15 2.29 0.00
DRK12-06 Total 31.34 57.54 26.20 85.96 0.35 0.09 0.89 0.58
  horizon A 56.70 57.00 0.30 0.98 8.72 1.36 11.10 7.00
DRK12-07 Total 57.36 96.61 39.25 128.77 0.51 0.25 5.14 0.37
  horizon A 86.14 96.61 10.47 34.35 1.67 0.49 6.21 1.07
  containing 91.19 96.61 5.42 17.78 3.09 1.33 27.55 2.07
DRK12-08 Total 0.00 34.12 34.12 111.94 0.51 0.48 4.27 2.22
  horizon A 0.00 10.27 10.27 33.69 0.77 0.82 6.90 6.23
  containing 0.00 2.35 2.35 7.71 1.13 0.82 7.07 4.02
  & containing 5.67 10.60 4.93 16.17 0.90 1.18 9.46 10.07
  horizon B 18.70 20.60 1.90 6.23 1.61 1.12 7.16 2.07
  horizon C 23.45 26.10 2.65 8.69 0.52 0.66 4.97 0.26
DRK12-10 Total 58.54 98.85 40.31 132.25 0.59 0.21 12.07 0.24
  horizon A 58.54 58.89 0.35 1.15 1.02 0.56 11.60 <2.0
  horizon B 62.30 62.75 0.45 1.48 0.03 0.04 207.00 <2.0
  horizon C 64.88 65.48 0.60 1.97 0.77 0.42 6.89 <2.0
  horizon D 90.00 92.67 2.67 8.76 1.16 0.32 2.33 <2.0
  lower skarn 111.40 118.78 11.60 38.06 0.18 0.02 0.26 0.61
  lower skarn 149.20 162.00 12.80 41.99 0.12 0.04 0.55 0.11
  lower skarn 193.00 195.00 2.00 6.56 0.00 0.01 38.20 <2.0

The drilling data indicate that gold-copper-silver bearing sulphides occur at the '72 Zone up to approximately 150 metres thick along a 150 metre-long southwest strike, reaching down-dip for 200 metres westward toward an encouraging porphyry target.

Seven single-point audiomagnetotellurics geophysical readings ("AMT") were also conducted at the '72 Zone in July 2012. The AMT readings registered high conductivities from surface down to 190 metres, coincident with the zone of sulphide mineralization tested by the six holes outlined above. Additionally, the AMT readings displayed a second area of high conductivities from 300-500m depth, however, this area has yet to be drill-tested.

The occurrence of the sulphide minerals bornite, digenite, chalcopyrite and chalcocite at the '72 Zone, in addition to anomalous concentrations of selenium (Se) and tellurium (Te), suggest the '72 Zone may be a deep-to-intermediate type of high sulphidation ("HS") epithermal zone. Deep HS types of mineralization often occur along faults or other favourable ground adjacent to or above major mineralizing porphyry systems and often within carbonaceous stratigraphy, as evidenced at Colquijirca (Peru), Chuquicamata (Chile), Bisbee (Arizona), and Butte (Montana).

The '72 Zone occurs along the margin of an ancient volcanic feature, which hosts additional and undrilled targets at surface along its margins. Two grab samples from one of these undrilled targets- the 'Knob'- assayed 2.06 g/t Au, 2.38% Cu, and 26.3 g/t Ag (sample G0806111), and, 0.04 g/t Au, 1.92% Cu, and 22 g/t Ag, (sample G0806101).

Future exploration priorities in the area include drill testing for large tonnage disseminated copper-gold mineralization within the deep porphyry-hosted parts of the '72 Zone system as interpreted from the AMT geophysical readings. Additional exploration priorities are to identify other carbonate-replacement breccia pipes and structures in the adjacent country rocks (at the 'Knob' and other zones), and for overlying gold-bearing veins and fractures. All of these mineralization types are present on Romios' Newmont Lake Project, where carbonate rocks are widespread and have interacted with sustained intrusion and volcanism, representing significant potential in the Golden Triangle mineral district for one or more deposit types that have been largely overlooked (R.H. Sillitoe, 1999, Styles of High-Sulphidation Gold, Silver, and Copper Mineralisation in Porphyry and Epithermal Deposits).

Drill core from the remaining eight of 14 holes drilled at the Ken and Northwest zones on the Newmont Lake Project have been submitted for assay. Results will be released when received and reviewed by the Company. Plan-view maps, cross sections, and a complete list of drill assays and composites from the '72 Zone can be found on Romios' website at

As a matter of procedure, all drill core is cut at the camp using an electric-powered core saw, bagged and sealed for shipping to SGS Minerals for processing in Telkwa, BC. In addition to the laboratory's quality control program, a rigorous on-site quality assurance and quality control program is implemented involving the insertion of blanks, standards and splits to ensure reliable assay results.

The technical information contained in this press release has been reviewed and approved by Mr. Scott Close, P.Geo, Exploration Manager and a Qualified Person as defined by National Instrument 43-101.

In other news, the Company wishes to advise that William R. Johnstone has resigned as a Director of the Company but continues to act as Corporate Secretary and counsel to the Company.

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.

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 and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email)

Scott Close, M.Sc, P.Geo., Exploration Manager: (tel) 406-366-3880 or (email)

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

Michael D'Amico, CFO, Investor Relations: (tel) 647-500-6023 or (email)

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

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:

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Romios Gold Resources Inc

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$ 2.5 millions as of today (US$ 1.8 millions, € 1.7 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.02, and its lowest recent point on May 02, 2024 at CA$ 0.01.

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 ...
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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
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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...
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