Romios Gold Resources Inc

Published : September 23rd, 2014

Romios Reports on Its 2014 Burgundy Ridge Exploration Program in the Golden Triangle of Northwestern British Columbia

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Silver |

Romios Reports on Its 2014 Burgundy Ridge Exploration Program in the Golden Triangle of Northwestern British Columbia

TORONTO, ONTARIO--(Marketwired - Sep 23, 2014) - Romios Gold Resources Inc. (TSX VENTURE:RG)(RMIOF)(D4R.F) ("Romios" or the "Company") is pleased to announce the results of the exploration program that was carried out during the summer of 2014 on parts of its Burgundy Ridge discovery located in the vicinity of Newmont Lake within its large (82,234 hectares) Golden Triangle Property in northwestern British Columbia. Burgundy Ridge is located within approximately 20 km of new road and power infrastructure being developed in the area. A team of 4 geologists carried out a systematic program of mapping, prospecting and "chip-line" rock sampling at Burgundy Ridge to assess the continuity and significance of the copper-gold-silver mineralization that was discovered during the 2013 exploration program where 100 widely spaced rock samples collected over an area of approximately 300 metres by 225 metres contained an arithmetic average of 0.47% copper, 0.27 g/t gold and 3.77 g/t silver.

During the 2014 summer exploration program, contiguous chip samples of rock, each 1.5 metres in length, were collected along a number of lines oriented essentially northwest-southeast. The location of the sample lines was based on the favourable results obtained in the 2013 sampling program and the proximity to the skarn contact between the intrusive porphyries and the reactive dolostone and limestone/marbles. In total 314 rock chip samples were collected in the sampling program of which 173 were applicable to Burgundy Ridge. In the northeast corner of the zone, a line of 30 contiguous samples, 45 metres in length, averaged 0.30% copper, 0.07g/t gold and 3.19 g/t silver. A further 24 metre line of samples, approximately 65 metres to the southwest, averaged 0.72% copper, 0.12 g/t gold and 5.17 g/t silver. A further 130 metres to the southwest, a 6 metre line of samples averaged 2.27% copper, 12.14g/t gold and 48.77g/t silver. Approximately 50 metres further southwest, two lines of samples, one 22.5 metres in length and the other,18 metres in length averaged 0.48% copper, 0.18 g/t gold, 2.55 g/t silver and 0.59% copper, 0.33 g/t gold, 4.93 g/t silver respectively. In the southeast corner of Burgundy Ridge, eight contiguous samples collected along a 12 metre long line averaged 0.43% copper, 0.38 g/t gold and 18.67 g/t silver. Higher grade zones of mineralization occur within or adjacent to the sample lines, the most notable of which is a 3.0 metre long rock chip sample that assayed 5.12% copper, 28.49 g/t gold and 89.65 g/t silver. This sample included 1.5 metres that assayed 9.11% copper, 51.2 g/t gold and 171.0 g/t silver. In the far northwest corner of Burgundy Ridge, a contiguous line of samples 9.0 metres in length averaged 0.87% copper, 0.12 g/t gold and 7.97 g/t silver.

The average of the 173 rock chip samples yield 0.40% copper, 0.48 g/t gold and 4.78 g/t silver. When excluding the sample of high grade mineralization the average grade of the 172 samples collected at Burgundy Ridge Zone is 0.35% copper, 0.187 g/t gold and 3.81 g/t silver.

Basic ground exploration of areas to the northeast and west of Burgundy Ridge resulted in the discovery of several zones of porphyry-related copper and gold-bearing skarns similar to those sampled at Burgundy Ridge. A number of grab samples from a zone referred to as the Baxter Zone located 1,800 metres west of Burgundy Ridge assayed as high as 4.07% in copper. Chip samples on the Baxter Zone over 1.5 metres and 0.3 metres assayed 1.47% copper, 0.27 g/t gold and 4.17% copper, 2.96 g/t gold respectively. At the Telena Zone, located 850 metres northeast of Burgundy Ridge and the subject of earlier exploration by Romios, porphyritic syenite dykes and other potassic porphyritic dykes were identified and sampled. Of particular note, a 10.5 metre "chip-line" sample averaged 1.17% copper and 0.384 g/t gold.

The mineralization at Burgundy Ridge is associated with a garnet-epidote skarn system which appears to be structurally and genetically related to a series of intrusive dykes. The high-grade core of the system is centered in a lower-grade envelope of disseminated copper-gold mineralization hosted in-part by dolomitic limestones, mega-crystalline K-spar syenite porphyry, syenite porphyry and diorite porphyry. The system was extended to a strike length of 350 metres and appears to continue under a large snowfield to the north and a glacier to the south. Maps of the sampling locations and photographs of the mineralization exposed at Burgundy Ridge can be seen on the Company's website at http://www.romios.com/s/BurgundyPhotos.asp.

Tom Drivas, President and CEO of Romios comments: "The assay results from the sampling carried out during 2013 and 2014 confirm the outstanding potential of the Burgundy Ridge discovery which is interpreted to be one of the principal epicentres for porphyry mineralization within the entire Newmont Lake Project area. It represents a significant, drill-ready target for future exploration programs. Further prospecting and mapping is planned at Burgundy Ridge to potentially extend the copper-gold-silver mineralization to the south, west and north as the snowpack continues to recede in order to better outline the trend of porphyritic intrusive and the related mineralized skarn zones and identify Diamond drill targets."

All samples were submitted to ALS Laboratories in Vancouver, B.C. for assay. As a matter of procedure, a rigorous on-site quality assurance and quality control program was implemented that included the insertion of blanks, standards and duplicates within the samples to ensure reliable assay results. The assay results, maps, and additional information will be released when received and reviewed by the Company.

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.

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.

Read the rest of the article at finance.yahoo.com

Romios Gold Resources Inc

PRODUCER
CODE : RG.V
ISIN : CA7759041055
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

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$ 6.7 millions as of today (US$ 5.3 millions, € 4.7 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.02, and its lowest recent point on November 15, 2019 at CA$ 0.02.

Romios Gold Res. has 167 270 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
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...
5/8/2007FUGRO AIRBORNE GEOPHYSICAL SURVEYS AT THEIR GALORE CREEK PRO...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (RG.V)Other OTC (RMIOF)
0.040+0.00%0.030+0.00%
TSX-V
CA$ 0.040
06/24 16:32 -
0%
Prev close Open
0.040 0.040
Low High
0.035 0.045
Year l/h YTD var.
0.035 -  0.065 -%
52 week l/h 52 week var.
0.035 -  0.065 -%
Volume 1 month var.
24,500 -%
24hGold TrendPower© : -2
Produces Gold
Develops
Explores for Bismuth - Copper - Gold - Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 11/30/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2022-20.00%
2021-9.09%0.070.04
202083.33%0.080.03
2019-33.33%0.070.02
2018-25.00%0.090.04
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.58+2.71%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.83-4.07%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.47-7.33%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.53-10.32%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 3.00+0.00%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 8.71-1.02%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.30+7.14%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.25+4.17%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 1.79-6.28%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 59.37+2.73%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.03+0.00%Trend Power :