Romios Gold Resources Inc

Published : April 06th, 2012

Romios Gold Among Rush to Develop BC's Golden Triangle

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Romios Gold Among Rush to Develop BC's Golden Triangle

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Known as the "Golden Triangle," for its exceptional mineral endowment, the Iskut River area in British Columbia�s northwest is destined to be the province�s next major mining district. Home to larger cap groups such as NovaGold and Teck, the region is set to receive an infrastructure-boosting injection of $400M from the BC and Federal governments to bring power to the area. Among the players in the region, junior Romios Gold Resources Inc. (TSX-V: RG;, Nasdaq OTC: RMIOF; Frankfurt: D4R) holds an exceptional 67,825 hectare land holding, within which they have multiple properties, multiple zones to explore, and are neighbours to the Galore Creek Mining Corp (GCMC, a joint venture between NovaGold and Teck) property.

With a proposed mill and mine location nearby coming from the NovaGold/Teck joint venture on lands directly adjacent, Romios is in what should become a very active region. Studies done by British Columbia�s Ministry of Forests, Mines and Lands, called the region the Final Frontier of the Golden Triangle, and for good reason.

The region is believed to house between 200-300 million ounces of gold equivalent in deposits. How those ounces are dispersed over an overall area consisting of 200-300 square miles is what is worth following from this story. There is plenty of excitement coming from the BC Government with the potential that further development would bring. There wouldn�t be $400 million government investment if the excitement wasn�t warranted.

Romios has been drilling in the region for the past 3-4 years, and the plan is to go back and drill its Trek, Newmont Lake and Dirk properties this summer. Though smaller in comparison to NovaGold and Teck who are in the area and are in the next stage of resource development, Romios stands not only a good chance of developing  porphyry resources, but from multiple zones. There is plenty of blue sky to work with, and the development of the area could be pretty rapid.


Located next to the Galore Creek Road, Romios� Trek Property has the potential to become the next big copper porphyry play. To date, the company has spent approximately $12M on the project, with the plan to go back and drill again this summer.

Between 2008-2011, 35 holes have been drilled. Some of the highlights of the drill locations include:

DDH TRK 08-01: 32 m (105ft) 1.05 g/t Au, 26.01 g/t Ag and 2.06% Cu (within 131.4 m (431 ft) 0.39 g/t Au, 8.47 g/t Ag and 0.61% Cu)

DDH TRK 08-02: 27 m (88.6 ft) 3.27 g/t Au, 5.71 g/t Ag and 0.31% Cu (within 315.16 m (1,024 ft) 0.51 g/t Au, 1.71 g/t Ag and 0.10% Cu)

DDH TRK 11-32: 22.1 m (72.5 ft) 22.43 g/t Ag, 0.05 g/t Au and 1.25% Cu


Among the Golden Triangle properties held by Romios, Newmont Lake currently has the only existing NI 43-101 Resource with 1.406 million tones, containing 200,000 oz gold, 6,790,000 lbs copper, and 291,000 oz silver.

But there is still much work to do on Newmont Lake, with approximately 20 other zones still yet to be drill tested. This summer is set to be quite active, with further geotechnical and definition drilling on the Northwest Zone resource, exploration drilling on the Ken Zone expected to commence in preparation of a further preliminary economic assessment ("PEA") on deck of the combined Newmont Lake and Dirk properties in the near future, assessing infrastructure including power and access from the newly announced AltaGas hydroelectric project and nearby road and development options.

Of the exploration that�s already taken place, highlights include:

Metallurgical drill hole:  0.44 m (1.45 ft.) of 753 g/t Au, 462 g/t Ag, and 0.69% Cu within an interval of 14.10 m (45.95 ft) of 26.44 g/t Au, 21.36 g/t Ag and 0.21% Cu

DDH R-08-01: 0.76 m (2.49 ft) 23.80 g/t Au, 59.0 g/t Ag and 0.03% Cu (within 19.46 m (63.8 feet) 1.92 g/t Au, 3.67 g/t Ag and 0.10 % Cu)

DDH R 08-05: 0.34 m (1.10 ft) 185.00 g/t Au, 108.00 g/t Ag and 3.28 % Cu (within 0.85 m (2.80 ft) 74.29 g/t Au, 44.07 g/t Ag and 1.40 % Cu)

DDH BH-07-09: 2.35 m (7.70 ft) 27.32 g/t Au (within 19.69 m (64.59 ft) 7.82 g/t Au)


Romios drilled the first four holes on two zones last summer within the Dirk Property, which sits to the west of Newmont Lake. So far, the team has identified four zones in total, thus leaving two to still be drilled.

What the team likes about the Dirk is the very exciting copper-gold porphyry mineralization, leaving quite a bit of upside on the property.. Along with the porphyry style mineralization, there is also potential for VMS.

Exploration to date includes surface assay highlights, such as:

  • 8 x 1m chip samples, taken from the main Dirk showing with mineralization consisting of bornite, covellite and chalcopyrite that averaged 2.9% Cu and 0.64 g/t Au over the full eight metres (26.24 ft)
  • A 3.0m chip sample from a second mineralized section of the Dirk Zone which assayed 6.21% Cu and 0.57 g/t Au
  • Two grab samples from the Dirk Zone that assayed 3.08% Cu and 1.39 g/t Au, and 2.38% Cu and 2.06 g/t Au, respectively
  • A grab sample from the Telena Zone assayed 2.07% Cu and 0.97 g/t Au


Rounding out the properties in Romios� BC portfolio are the Royce/Porc options, the Andrei (which contains the Tangle and Tundra Zones), the SW Block, NE Block, NW Block and the JW Option. Though there hasn�t been as much work done on the remaining properties, they still sit directly near the GCMC properties and present further blue sky potential with the opportunity to develop additional porphyry resources.

As for the potential of the area, there are some significant improvements on deck.  Noting the current lack of infrastructure, in particular power, a combined effort is going to help bring deposits into production.

Between both the provincial and federal government, $400M will be spent to bring power to the area. Having already awarded the construction contract, the expectation is that power will be available in 2013. Government geologists assessed the area, and gave a stamp of approval that led to the $400 million investment, hence the region is poised for a major mineral rush.


Romios has quite a bit of room to move around within the Golden Triangle, with 67,825 hectares and plenty of drilling on deck for 2012. The biggest question is why is Romios trading under $0.20? Perhaps the best answer to this is that they haven�t really been discovered yet, despite being around for over 15 years. They�re potentially looking at multi-million ounces of gold and silver and multi-billion pounds of copper, so perhaps it�s time they came out of hiding to stand in the spotlight.

Other companies in the region of note are:

  • Pretivm Resources (TSX: PVG)(PXZWF.PK), trades at close to $18 per share and is just south of Romios
  • Copper Fox Metals (TSX-V: CUU)(CPFXF.PK), trades around $1.30 and is completing its feasibility study by the end of the month
  • Seabridge Gold (TSX: SEA)(AMEX: SA), trades at close to $21 and has a huge resource in the area

G. Joel Chury
The Bottom Line Report

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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$ 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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