Romios Announces NI 43-101 Technical Report for Its
DDH #
From
(m)
To
(m)
Drilled
Width
Estimated
True Width
Copper
%
Gold g/t
Silver g/t
RGR-17-1
299
.2
301
.1
1.9 m
1.4 m
2.35%
1.4
68.2
Romios Announces NI 43-101 Technical Report for Its
Lundmark-Akow Lake Property
Toronto, Ontario--(Newsfile Corp. - November 1, 2017) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTC Pink: RMIOF)
(FSE:
D4R
) (WKN: A0JDZF
)
("
Romios
" or the "
Company
") is pleased to announce the completion of a National Instrument
43-101 —
Standards of Disclosure for Mineral Projects
("
NI
43-101
") technical report (the "
Technical Report
") on its
Lundmark-Akow Lake Property. The Technical Report has been filed on SEDAR.
The Technical Report, titled "Report on the 2016 — 17 Diamond Drilling Program at the Lundmark-Akow Lake Property of
Romios Gold Resources Inc., Patricia Mining Division, Northwestern Ontario" was authored by John L. Biczok, P.Geo., a
qualified person as defined by NI 43-101.
Highlights:
The single drill hole completed in 2017 (RGR-17-1) discovered a massive sulphide horizon at Atim Lake North at a depth
of ~200 m below surface. Assay results from this horizon are tabulated below (see News Release dated September 19,
2017). The mineralized horizon is open along strike and both up and down dip.
The massive sulphide horizon is reflected by a >200m long VTEM conductor and at least one additional conductor 6-700m
long occurs along strike from the discovery hole.
Results of the 2016 drill program which targeted the1.5 km long
"Romios Copper-(Gold) Zone" led to a revised model for
this zone which is now interpreted to be a "lower semi-conformable alteration zone" such as those found beneath many
Volcanogenic Massive Sulphide (VMS) deposits. Such alteration zones served as the pathway for mineralizing
hydrothermal fluids which may have vented massive sulphides nearby. The geological evidence in one hole suggests that
there may be another vent site nearby, in addition to the discovery zone at Atim Lake North.
A $982,700 follow-up program of ground geophysical surveys and diamond drilling of the Atim Lake North massive
sulphide zone and a number of nearby EM conductors is recommended.
Romios' Lundmark-Akow Lake property also covers ~8 km of the same banded iron formation (BIF) that hosts Goldcorp's
Musselwhite gold mine ~18km to the south. A 4 km long interval of this BIF remains unexplored. A $448,140 program of
geological mapping, prospecting, humus sampling, ground geophysics and diamond drilling is proposed to test this BIF
for Musselwhite type gold mineralization.
2017
Discovery Hole Details:
DDH #
UTM Co-ordinates
(NAD 83, Zone 15)
Length
Collar Dip
Azimuth
RGR-17-1
668645E 5852713N
513.0 m
-45˚
252˚
Quality Control and Quality Assurance
The technical information presented in this news release and the corresponding NI-43101 report including that pertaining to the
drill core sampling, assaying procedures, and the inclusion of standards and blanks, was collected and interpreted in
accordance with the requirements set out in National Instrument NI-43101.
The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Consulting Geologist
for Romios and a Qualified Person as defined by NI 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. In addition to the Lundmark-Akow Lake and Hislop properties in Ontario, Romios has other property interests in 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)
John Biczok,
P. Geo, Consulting Geologist, (tel) 613-410-7877 or (email)
Frank van de Water
, Chief Financial Officer and Director, (tel) 416-221-4124 or (email)