Romios Discovers Gold and Base Metal Mineralization on Two Properties in the Golden Triangle, B.C.
Romios Discovers Gold and Base Metal
Mineralization on Two Properties in the
Golden Triangle, B.C.
Toronto, Ontario--(Newsfile Corp. - October 27, 2021) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
is pleased to report on the latest
discovery of gold and base metal mineralization on two of the Company's ten 100%-owned claim blocks
in the Golden Triangle of northwestern British Columbia that all together cover a total of 360 sq km
(excluding the Newmont Lake claims currently under option to Enduro Metals Corp. -
See Dec. 4, 2018
Press Release
).
During a month-long field program this past summer, the exploration team discovered the most
significant gold and copper mineralization to date on the North-East and North-West claim blocks.
Assays are currently pending from several other claim blocks including the recently discovered Trek
South porphyry Cu-Au prospect.
Highlights:
Both claim blocks are very close to the partially cleared road route to the enormous Galore Creek
Cu-Au porphyry deposit(s) and are completely surrounded by Galore Creek Mining Corp. claims.
North-East Claim Block
The rapid melting of the glacier overlying the edge of the Hazelton Group rocks on the North-East
claim block has now exposed a broad area of pyritic argillites/shales. This same group hosts
numerous major ore deposits in the Golden Triangle, including the very high-grade Eskay Creek
Au-Ag deposit.
A number of large boulders of semi-massive pyrite and minor chalcopyrite were discovered in
2021, five of which assayed
0.2% to 0.7% Cu
with two also being anomalous in gold -
0.3 and
1.35 g/t Au
.
One talus boulder of quartz vein material assayed
9.4 g/t gold.
North-West Claim Block
Exploration in 2021 was focussed on areas underlain by a large pluton of the Texas Creek suite,
an early Jurassic series of intrusions that host numerous gold deposits in this region including the
Sulphurets, Scottie, Snip, Silbak Premier and Red Mountain deposits.
Numerous large quartz veins were found on the North-West claims, many of them 0.5 m to 1.0 m
wide.
Two boulders of quartz vein material with minor pyrite assayed
5.3 and 8.9 g/t Au
and a sample of
a pyritic vein in outcrop assayed
5.8 g/t Au
.
"The source outcrops still need to be tracked down next summer and the extent of the mineralization
assessed, however, these results are the most significant mineralization discovered to date on these
properties and provide ongoing encouragement in an area of favourable host rocks exposed more and
more every year by the melting glaciers and snowfields," stated John Biczok, VP of Exploration.
"Romios' claims in this area cover a number of porphyry copper-gold, shear zone gold, and VMS base
metal prospects concentrated near the giant Galore Creek Cu-Au porphyry deposits, owned by a Teck-
Newmont Joint-Venture (
Galore Creek Mining Corporation
) and currently in the pre-feasibility study
stage," stated Stephen Burega, President.
"A number of our claim blocks are situated along the partially
constructed roadway to those deposits and we continue to develop our understanding of the significant
potential of these 100%-owned blocks."
Map above delineates Romios Gold's 10 claim blocks in the Golden Triangle, British Columbia
To view an enhanced version of this graphic, please visit:
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Background
Romios'
North East claim block
is located immediately north of the planned road route to Galore
Creek and <2 km from the proposed Galore Creek mill site. The central claims are underlain by the
highly prospective Lower to Middle Jurassic Hazelton Group metasediments and volcanics, the same
rocks that host many important ore deposits in the Golden Triangle including the high-grade, argillite-
hosted Eskay Creek-Au-Ag deposit, Brucejack Au mine and Red Chris Cu-Au mine. The rapid melting
of the glacier overlying the edge of the Hazelton Group rocks has now exposed a broad area of pyritic
argillites/shales where Romios' crew discovered a number of large boulders of semi-massive pyrite and
minor chalcopyrite, five of which assayed
0.2% to 0.7% Cu
with two also being anomalous in gold -
0.3
and 1.35 g/t Au
. Two boulders also contained significantly elevated values of antimony (216 and 2700
ppm Sb) and silver (8.3 and 14.8 g/t Ag) and one contained 430 ppm Co. One talus boulder of quartz
vein material assayed
9.4 g/t gold
.
Romios'
North West claim block
is located 10 km SW of Galore Creek and the claims are traversed
by the cleared route for the proposed mine access road. Exploration in 2021 was focused on areas
underlain by a large pluton of the Texas Creek suite, an early Jurassic series of intrusions that host
numerous gold deposits in this region including the Sulphurets, Scottie, Snip, Silbak Premier and Red
Mountain deposits. Numerous large quartz veins were found on the North West claims during this brief
program, many of them 0.5 m to 1.0 m wide. Two boulders of quartz vein material with minor pyrite
assayed
5.3 and 8.9 g/t Au
and a sample of a pyritic vein in outcrop assayed
5.8 g/t Au
. Veins without
any sulphides proved to be barren. Large areas of the pluton upslope from the mineralized veins remains
unexplored and will be targeted in 2022.
QA/QC
The samples discussed in this document were grab samples considered representative of the veins and
boulders being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd.
laboratories in Terrace and Vancouver, BC for assay and multi-element analyses.
As a matter of
procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable
assay results by inserting alternating blanks and commercial assay standards at approximately every
10
th
position in the sample series.
Qualified Person
The technical information in this news release has been reviewed and approved by John Biczok, P.
Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101.
In addition to his extensive experience with several major mining companies 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. is a progressive Canadian mineral exploration company engaged in
precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100%
interest in the Lundmark-Akow Lake gold-copper property in northwestern Ontario and extensive claim
holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British
Columbia. Additional interests include two former producers, the La Corne molybdenum mine property
(Quebec) and a former high-grade gold producer, the Scossa mine property (Nevada). The Company
also retains an ongoing interest in several properties including a 20% carried interest in five claim blocks
in the Thunder Bay silver district of northwestern Ontario and a 2% NSR on the Hislop gold property in
Ontario.
This News Release contains forward-looking statements which are typically preceded by, followed by or
include 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. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this
release.
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 visit
romios.com
or contact:
Stephen Burega, President - 647-515-3734 or
John Biczok, P. Geo., VP of Exploration - 613-410-7877 or
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