Romios Discovers Apparent Epithermal-mesothermal Style Mineralization Along Major Fault, Elevated Cobalt in Multiple Zones
And Bonanza Grade Veins Cutting Skarn Zones on Its Newmont Lake Project in the Golden Triangle Area Toronto, September 10, 2018 - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to present the results of a 3 week field program completed at the end of July, 2018 on the Company's Newmont Lake Property in the Golden Triangle Area of Northwestern British Columbia. The field results are highlighted by the recognition of elevated cobalt values at several sites, fault-related, apparent epi-mesothermal Au-Ag-Cu mineralization along a major fault, and very high Cu-Au-Ag-Co values in late stage veins at 2 skarn showings (Additional background information, maps and photographs are posted at http://romios.com/s/Summer2018MapsPhotos.asp).
Examination of a 1.6 km long series of copper-gold bearing skarn zones known as the Ken-Glacier-O'Neill Zones, located 3 km north of the North West Zone, confirmed the presence of numerous magnetite skarns up to 2-3 m thick over a vertical height of at least 40 m with considerable down-dip potential for additional mineralization. Past drilling by Romios at the Ken Zone returned values up to 6.1 m @ 1.5 g/t Au and 0.34% Cu, as well as three samples with 251 to 701 ppm Cobalt (Note: 500 ppm = 1 pound per short ton). Chip sampling along some of the exposed skarns this summer returned values up to 1.35% Cu, 3.0 g/t Au and 259 ppm Co. Two copper-rich carbonate veins cutting the skarn horizons returned spectacular grades of 10.4% to 11.5 % Cu, 30.3 to 32.5 g/t Au, <1 to 135 g/t Ag and 372 ppm to 635 ppm Co across widths of 0.5 to 1.0 m. The exposed lengths of these veins is likely <5 m, however, they may be part of a larger system of widespread, late iron carbonate veins. A 1 m chip sample across one such iron carbonate filled fault structure returned 1.1 g/t Au and 0.18% Cu. The iron carbonate zones commonly form up to 50% of local outcrops and can be >20 m wide. The results from the very limited sampling of these zones suggest that a detailed sampling program is warranted to evaluate their bulk tonnage potential.
Exploration south of the North West Zone led to the discovery of a >1 m wide massive pyrite vein along the margin of the NNE-trending McLymont fault. A one metre chip sample of this vein assayed 0.56% Cu and 0.99 g/t Au while 80 m to the SSW, a cluster of boulders of the same material, believed to be largely in situ, assayed 1.4 g/t Au, 0.4% Cu, 14.6 g/t Ag and 231 ppm Co with elevated tellurium values. Approximately 450 m farther SSW, a limestone horizon cut by scattered thin pyrite veins and larger "pods" up to 2 m x 0.5 m wide returned an assay of 1.33% Cu, 1.03 g/t Au, 155 g/t Ag and 295 ppm Co with highly anomalous levels of antimony (1,385 ppm), arsenic, thallium and lead from a thin pyrite vein, while one large pyrite pod assayed 2.3 g/t Au. The anomalous levels of antimony, tellurium and thallium in addition to the copper, gold, silver and cobalt values, suggests that these pyritic veins along the McLymont Fault may be part of an epithermal mineralizing system, now referred to as the McLymont Fault Prospect. Aben Resources Ltd. recently announced high-grade gold intersection(s) up to 6.0 m @ 62.4 g/t Au in mesothermal veins near the north-trending Forrest Kerr Fault (Aben press release August 9, 2018). The Aben discovery is just 5 km east of Romios' claims and 11 km east of the McLymont Fault. Romios plans to undertake further exploration this fall for epi- to mesothermal style Au-Ag-Cu mineralization along the major fault zones on the Company's claims.
A brief program of mapping and sampling on Romios' most recent discovery (2013-15), the >300 m long Burgundy Ridge skarn zone, confirmed the presence of previously reported moderate to high-grade skarn lenses (e.g. 6.0 m @ 2.38% Cu, 2.2 g/t Au, 44.8 g/t Ag, and 6.7% Zn at the lowermost zone; (Romios' News Release November 12, 2015) within a larger low-grade area (e.g. 45 m @ 0.3% Cu, 0.07 g/t Au, Romios' News Release September 23, 2014). Check sampling of the known zones confirmed these grades and also returned cobalt values up to 389 ppm (not previously reported). Much of the skarn area was still obscured by snow in July and further mapping and sampling is planned this fall to fully evaluate the extent of the various skarn zones at Burgundy Ridge.
The VTEMTM and ZTEM surveys generated anomalous responses over several previously known areas of interest including the skarn outcrops at the O'Neill and Glacier Zones. Exploration over some of the other geophysical anomalies did not locate any bedrock targets.
Given this summer's positive results from several of the known mineralized zones (Ken-Glacier, Burgundy Ridge), the recognition of significant cobalt values in multiple areas, and the discovery of potential epithermal-mesothermal style mineralization along a major fault zone on the property, Romios plans to undertake additional mapping and sampling on the Newmont Lake claims in September in order to fully evaluate and prioritize these targets for an upcoming drill program.
Romios' Golden Triangle Area project consists of 72,368 hectares and is located north of Pretium's Brucejack, Seabridge's KSM, and Garibaldi's Ni-Co Discovery; a short distance west of Aben Resources' Forrest Kerr Gold Project; and south of Teck Resources' and Newmont Mining's Galore Creek Project. The Newmont Lake Project is located approximately 15 km from infrastructure (power and road) and contains a NI 43-101 compliant resource of 1.4 million tonnes @ 4.43 g/t Au, 0.22% Cu, 6.4 g/t Ag at the North West Zone with over 20 other mineralized zones in the vicinity.
All samples were submitted to the ALS Canada Ltd. laboratory in Terrace, B.C. for assay. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results. The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Consulting Geologist and VP-Exploration for 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 on its properties in the Golden Triangle area, northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100% interest in the Lundmark-Akow Lake property in Ontario, the LaCorne Property in Quebec and the Scossa Property in Nevada. It also holds a 2% NSR on the Hislop property in Ontario.
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) romios@romios.com.
John Biczok, P.Geo., Consulting Geologist, (tel) 613-410-7877 or (email) john.biczok@gmail.com.
Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) fvandewater@rogers.com.