Romios Gold Resources Inc

Published : December 10th, 2015

Romios Announces It Has Signed A Memorandum Of Understanding (MOU) With North Caribou Lake First Nation

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Keywords :   Copper | Gold | Gold Mine | Nation | Silver | Water |

Romios Announces It Has Signed A Memorandum Of Understanding (MOU) With North Caribou Lake First Nation

TORONTO, ONTARIO, Romios Gold Resources Inc. ('Romios') (TSX-V: RG) is pleased to announce that it has entered into an exploration Memorandum of Understanding (MOU) with the North Caribou Lake First Nation (NCLFN) to work together to establish a long-term, mutually beneficial and cooperative relationship based on trust and certainty, and to agree upon various matters regarding the Exploration Program. The MOU is in effect for the duration of the Exploration Permit which was issued earlier to Romios by the Mineral Development and Lands Branch of the Ministry of Northern Development and Mines relating to Romios' claims in the vicinity of Akow Lake in the North Caribou Lake area in northwestern Ontario. Romios will have the opportunity to renew or amend the MOU upon further approved exploration permits.

Recent Maxwell Modeling of the geophysics has shown that all the holes drilled to date were not drilled deep enough to have intersected the geophysical anomalies recently identified at depth. Subject to financing, Romios plans to initiate a drill program to test the significance of the deeper geophysical anomalies as well as the deeper levels of gold-bearing shear zone identified in Romios' earlier exploration programs on the property.

Tom Drivas, President and CEO of Romios comments: 'Romios wishes to thank the NCLFN, Chief Dinah Kanate, Council Members, the Association of Trappers, the Working Group and the entire Community for their effort in working together to complete this MOU. Romios is confident that this will be the beginning of a long and mutually beneficial relationship'.

As previously reported, five holes were drilled to test Romios' copper-gold shear zone during the winter of 1998-1999. All five drill holes (holes RGRI-99-1 to RGRI-99-5) intersected wide zones of copper and gold mineralization over a strike length of more than 1,000 metres (3,280 feet). One of the more notable holes, RGRI-99-3, intersected 94.0 metres (308 feet) of the stringer-type copper mineralization. Highly anomalous gold values were encountered over 96.32 metres (316.0 feet) within this zone. Similar copper and gold grades over comparable widths were encountered in the other 4 holes. (For the details of the drill results, please see the Press Release dated March 31, 1999, as filed on Sedar at www.sedar.com).

In the most southerly exposed portion of the gold-bearing deformation zone on the property, 14 grab and channel samples collected from an outcrop area assayed from a low of 12.26 gpt (0.358 oz/ton) to a high of 1,323.81 gpt (38.612 oz/ton) of gold. (Press Release dated November 24, 1997 as filed on Sedar).

The technical content of this news release was reviewed and approved by Thomas Skimming, P.Eng, Vice-President of Exploration and a Director of Romios 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 engaged in precious and base metal exploration primarily focused on gold, silver and copper in its properties in British Columbia centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek. Romios has other property interests in Ontario, Quebec, and Nevada.

This News Release contains forward-looking statements which are typically preceded by, followed by or including the words 'believes', 'expects', 'anticipates', 'estimates', 'intends', 'plans' or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such 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.

For further information, please contact:

Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) [email protected]

Frank van de Water, Chief Operating Officer and Director, (tel) (416) 221-4124 or (email) [email protected]

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

Read the rest of the article at www.noodls.com

Romios Gold Resources Inc

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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$ 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 August 23, 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
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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...
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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 ...
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7/15/2013s Activity on the Timmins-Hislop Property
5/30/2013Acquires Additional 2900 Hectares in Its Golden Triangle Pro...
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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...
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9/4/2012Lawrence Roulston Features Romios Gold
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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
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6/5/2007Confirms That it Abandoned Merger With Copper Canyon Resourc...
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5/8/2007FUGRO AIRBORNE GEOPHYSICAL SURVEYS AT THEIR GALORE CREEK PRO...
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