Romios Gold Resources Inc

Published : October 25th, 2012

Intersects 3.99 g/t Au, 0.17% Cu & 2.36 g/t Ag over 11.35 Metres at Newmont Lake Expands the Northwe

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News Release Thursday, October 25, 2012

Romios Intersects 3.99 g/t Au, 0.17% Cu & 2.36 g/t Ag over 11.35 Metres at Newmont Lake Expands the Northwest Zone at the Newmont Lake Project, B.C.

TORONTO, ONTARIO (October 25, 2012) -- Romios Gold Resources Inc. (TSX.V -RG) ("Romios" or the "Company") is pleased to announce results from its Diamond drill program at the Northwest Zone. This is the second set of drill results, comprising two of 14 holes drilled this summer on Romios' Newmont Lake Project, located in the Golden Triangle mineralized district in Northwestern British Columbia.

Tom Drivas, President and CEO, comments: "Drill hole intersections of gold-bearing sulphide mineralization over widths greater than those encountered historically combined with the identification of a geophysical anomaly along strike from the Northwest Zone and the recognition of a new gold-bearing horizon (Northwest Deep Horizon), collectively illustrate the potential for an increase in the size of the existing Northwest Zone. Successes from the 2012 exploration program continue to highlight the Newmont Lake Project as one of the most prospective opportunities within the area due to the widespread occurrence of multiple styles of mineralization and proximal location to developing infrastructure".

In a Press Release dated March 27, 2007 Romios announced a NI 43-101 inferred resource at the Northwest Zone of 1.406 M tonnes grading approximately 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 at the then existing commodity prices. Using a base case gold equivalent cut-off grade of 2 g/t AuEq, this equated to an in-situ metal content of 200,000 ounces of gold, 6,790,000 pounds of copper and 291,000 ounces of silver at the time the calculations were carried out. Mineral Resources have not demonstrated economic viability and therefore are not Mineral Reserves.

Drill holes NW12-176 and JZ12-14 were designed to confirm historical drill results and to test for new mineralization. Drill hole NW12-176 intersected a wider zone of gold and silver-bearing sulphides than historically reported from within the principle resource area. This zone assayed 1.46 g/t Au, 0.13% Cu, and 6.24 g/t Ag over a continuous interval of 53.70 metres (176.18 feet). Within this zone, higher-grade portions were encountered: an 11.35 metre (37.24 feet) interval assayed 3.99 g/t Au, 0.17% Cu and 2.36 g/t Ag and a further interval of 2.56 metres (8.40 feet) assayed 3.75 g/t Au, 0.26% Cu and 5.03 g/t Ag. Narrower, high-grade zones assaying as high as 17.20 g/t Au and 114.00 g/t Ag were also encountered in these zones.

An Earthprobe resistivity survey carried out during the summer of 2012 discovered a new, highly prospective exploration target along strike of the Northwest Zone. The survey identified a highly conductive anomaly with a vertical dimension of 100 metres and a width of 100 metres recorded at a depth of 350 metres. Two historic drill holes intersected significant gold mineralization within 75 metres east of the new target at depth. Highlights from these two holes include an intersection of 185 g/t Au, 3.28% Cu, and 108 g/t Ag over 0.33 metres (1.08 feet) in drill hole R-08-05 (Press release dated November 26, 2008), and 15.74 g/t Au over 1.5 metres (4.92 feet) in drill hole 90-21 (Gulf International Minerals Ltd., 1990). The location of this anomaly, which coincides with known gold mineralization, indicates significant potential for a target similar to that of the Northwest Zone, or alternately, an extension of the Northwest Zone into the new target area. A complete geophysical analysis announcing the results from this summer's survey at the Northwest Zone is forthcoming.

Drill Holes NW12-176 and JZ12-14 also confirm the existence of the new, gold-bearing "Northwest Deep" horizon, extending over 500 metres (1,640 feet) long by 60 metres (196.8 feet) wide and up to 40 metres (131.2 feet) thick, located only 70 metres (229.6 feet) below the Northwest Zone's principle resource area. JZ12-14 intersected a higher grade interval of 3.56 g/t Au over 2.48 metres (8.14 feet) within 27.93 metres (91.63 feet) that assayed 0.35 g/t Au. NW12-176 intersected 34.76 metres (114.04 feet) that assayed 0.31 g/t Au. Together, these two drill holes plus nine additional holes drilled within the area during Romios' previous exploration campaigns, provide some insight into the overall extent of the new zone and represent a success rate of 11 out of 11 drill holes that have intersected mineralization within the Northwest Deep horizon.

Table 1. 2012 Northwest Zone drill hole composite assay highlights, arranged from north to south. "Northwest Zone" = approximate NI 43-101 inferred resource area; "Northwest Deep" = newly-discovered gold-bearing horizon; "MS" = semi-massive to massive sulphide horizons.

Hole ID Zone From (m) To (m) Total (m) Total (ft) Au g/t Cu % Ag g/t
NW12-176 Total Northwest Zone 67.00 120.70 53.70 176.18 1.46 0.13 6.24
  MS 67.00 78.35 11.35 37.24 3.99 0.17 2.36
  MS 75.92 77.77 1.85 6.07 6.94 0.08 1.07
  containing 75.92 76.12 0.20 0.66 11.50 0.23 1.48
  MS 80.86 81.00 0.14 0.46 5.66 0.82 4.90
  MS 95.31 96.32 1.01 3.31 4.06 0.44 2.71
  MS 104.42 106.65 2.23 7.32 0.09 0.04 114.00
  MS 118.14 120.70 2.56 8.40 3.75 0.26 5.03
  containing 119.20 119.32 0.12 0.39 17.20 0.16 4.55
  Northwest Deep 182.55 217.31 34.76 114.04 0.31 0.06 0.39
  MS 190.20 196.90 6.70 21.98 0.50 0.07 0.37
  MS 215.70 217.31 1.61 5.28 1.31 0.40 1.18
JZ12-14 Northwest Deep 259.45 287.38 27.93 91.63 0.35 0.01 0.14
  MS 259.45 261.93 2.48 8.14 3.56 0.07 0.57
  containing 260.35 261.93 1.58 5.18 5.13 0.02 0.66

The following represent significant upside potential for the Northwest Zone:
  • A number of significant intersections drilled within the Northwest Zone deposit contain higher gold grades than adjacent, historical drill holes, such as hole R-08-07 that assayed 26.44 g/t Au, 0.21% Cu, and 21.36 g/t Ag over a drill hole interval of 14.01 metres (45.95 feet) within which occurred a section of 0.44 metres (1.45 feet) that assayed 753.00 g/t (21.96 oz) Au, 0.69% Cu and 462 g/t (13.47 oz), and hole R-06-07 containing 49.4 g/t Au, 0.88 % Cu, and 30 g/t Ag over 1.03 metres (3.38 feet).
  • Preliminary geophysical results support the Company's interpretation that mineralization relating to the principal Northwest Zone, and newly-identified Northwest Deep Horizon, extend into untested ground to the north and over a greater strike length than previously recognized.
  • Inspection of historic drill core identified numerous intervals of sulphide mineralization that were not tested by Gulf International Minerals Ltd. during the initial discovery from 1987-1990. The sulphide intervals range up to 1.0 metres in core-length from within and adjacent to the Northwest Zone.
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.

Several geophysical surveys and drill assay results from the remaining six of 14 holes (drilled at the Ken Zone) will be released when received and reviewed by the Company. Plan-view maps, cross sections, and more information on the Northwest Zone can be found on Romios' website at

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.

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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Gold and Silver Prices for these countries : Canada | All

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$ 4.2 millions as of today (US$ 3.3 millions, € 2.9 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.02, and its lowest recent point on August 29, 2023 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...
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