Romios Acquires Four Historic Silver Prospects in the Thunder Bay Camp and Begins Field Work
Romios Acquires Four Historic Silver
Prospects in the Thunder Bay Camp and
Begins Field Work
Toronto, Ontario--(Newsfile Corp. - October 15, 2020) -
Romios Gold Resources Inc. (TSXV: RG)
(OTC Pink: RMIOF) (FSE:
D4R)
("
Romios
" or the "
Company
") is pleased to announce that it has
acquired by staking four claim blocks covering historic silver prospects near Thunder Bay, Ontario, and a
crew has been mobilized to conduct initial mapping and sampling of these prospects. The claims are
largely road accessible. As was typical of exploration here in the
late1800s, past exploration of the silver
veins was by shaft sinking and drifting along the veins; there is no record of any more modern methods
such as diamond drilling, geophysics or geochemical surveys being used to trace these veins along
strike or to depth.
The 3 northernmost Romios claim blocks cover the Lily of the Valley mine which was worked from 3
shafts up to 15 m deep, the old Victoria property where a 3 m shaft was sunk in the 1880s, and the
Federal (Copeland) Mine consisting of 2 shallow shafts spaced 27 m apart.
Although the historic
commercial production by the small time operators in the 1800s was typically minor at these sites
(several tons), the grades were appreciable;
>1,000 oz/t Ag from the Lily of the Valley
and ~13 oz/t
Ag from the Federal Mine
. There is no record of any significant effort being made to trace these veins
along strike or to depth even though they are just 6-13 km along strike from 2 former producers, the
500,000 oz Beaver Mine and the 50,000 oz Rabbit Mine. The fourth and southernmost Romios claim
block is located over an old shaft at Cloud Bay. Little is known about this occurrence but it lies along the
same prominent structural and intrusive "Island Group" trend that localized the famous Silver Islet Mine,
"the world's richest silver mine" in the late 1800's, located 70 km to the NE, and several other historic
producers on islands a few kilometres offshore.
The Thunder Bay area was a significant silver producer for several decades in the 1800s. The deposits
typically occur as veins in faults cutting either Keweenawan (~1100 million years old) diabase / gabbro
sills and dykes or the generally flat-lying, adjacent Rove shales that the diabase intrudes. The majority of
the deposits (including Romios' Federal, Victoria and Lily of the Valley prospects) are concentrated in
the northern "Mainland Vein" belt along a relatively narrow, NE-trending structural corridor that extends
for ~160 km from the Silver Mountain area SW of Thunder Bay to Pass Lake NE of the city. The NE-
trending faults and diabase intrusions were formed by the Mid-Continent Rift event in the Lake Superior
area ~1.1 Billion years ago, an event that allowed silver-rich fluids to rise up along these deep seated,
widespread structures.
The historic Silver Mountain Mine is the largest past producer along this northern
trend and it produced 770,000 ounces of silver from 1888 to 1902, including some ore that assayed
1000 to 2000 oz/t Ag.
Like many mines in the area, the workings were quite shallow, only reaching a
depth of 76 m even though the veins form a 30 m wide stockwork that extends for >3 km along strike.
The southern "Island Vein" belt extends ~100 km from the Cloud Bay area in the SW past Silver Islet in
the NE. This belt is largely obscured by Lake Superior but hosts the largest past producer of this region
at Silver Islet. The Silver Islet Mine produced 2.87 Million ounces of silver including
2.0 Million ounces
from a single ore shoot about 106 m vertically by 61 m long
.
Romios' October exploration program consists of geological mapping, sampling, and an overall
assessment of the geology and landscape to determine the most suitable methods for tracing the veins
along strike and locating the thickest portions.
The technical information in this news release has been reviewed and approved by John Biczok, P.
Geo., VP-Exploration for Romios and a Qualified Person as defined by National Instrument 43-101. In
addition to his extensive experience exploring for a wide variety of ore deposit types across Canada and
India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in
NW Ontario.
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. It
has extensive claim holdings covering porphyry copper-gold prospects in the "Golden Triangle" of British
Columbia as well as a 100% interest in the Lundmark-Akow Lake gold-copper property in NW Ontario,
the La Corne molybdenum property in Quebec and the Scossa gold property in Nevada. The Company
also retains a 2% NSR on the Hislop gold property in Ontario. For more information, visit Romios'
website
www.romios.com
.
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)
.
John Biczok,
P. Geo., Vice-President, Exploration, (tel) 613-410-7877 or (email)
Frank van de Water
, Chief Financial Officer and Director, (tel) 416-221-4124 or (email)
.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/66019