Romios Drilling Discovers 4 Overlapping Copper-Gold Mineralization Centres Including New VMS Zones at the Lundmark-Akow Lake Project in NW Ontario
Romios Drilling Discovers 4 Overlapping Copper-Gold
Mineralization Centres Including New VMS Zones at the
Lundmark-Akow Lake Project in NW Ontario
Toronto, Ontario--(Newsfile Corp. - December 5, 2019) -
Romios Gold Resources Inc.
(TSXV: RG) (OTC Pink: RMIOF)
(FSE: D4R)
("
Romios
" or the "
Company
")
is pleased to report that the fall drill program at the company's Lundmark-Akow
Lake claims in NW Ontario has uncovered four different styles of Copper-Gold mineralization in close proximity to each other.
These different zone types locally occur close enough to each other to create broader, semi-continuous composite zones,
e.g.
22.6 m @ 1.2 g/t Au, 0.46% Cu in hole RGR-19-010 (Table 1). The intriguing possibility that as many as three of these
mineralization types are genetically linked is now being investigated.
Seven drill holes, totalling 1,345 metres (Table 2), were drilled in the northwest portion of the property in September 2019 to
follow-up the June discovery of a high-grade gold vein (8.64 g/t Au over 4.75 m in hole RGR-19-5; see Romios' news release
July 10, 2019). A number of EM conductors along strike from the >11 km long VMS (Volcanogenic Massive Sulphide) type
alteration pathway and associated copper-gold-silver horizon discovered in past drill programs were also targeted (1.9 m @
2.35 % Cu, 1.4 g/t Au and 68.2 g/t Ag; see Romios news release dated September 19, 2017).
The four types of mineralization discovered are summarised below:
1
.
Copper-Zinc-Lead-Gold-Silver rich VMS exhalative horizons
. For the first time, VMS zones significantly enriched in
all 3 base metals as well as gold and silver have been discovered on the property. Three separate VMS zones were
intersected by the September drilling in holes RGR-19-010 and -013. The thickest zone returned assays grading 2.4 g/t Au
and 1.26% Cu over 3.25 m while another zone returned assays of 0.43% Cu and 1.5 g/t Au over 2.6 m as well as 1.8%
zinc, 0.7% lead and 34 g/t silver over 0.6 m (Table 1; Maps 1 and 2). These discoveries extend the known length of the
VMS alteration and mineralization system to over 11 km. The Zn-Pb bearing horizons are the first discovered in this part of
the greenstone belt and provide an important validation of the VMS model being pursued by Romios as well as a potential
additional vector towards the center of the VMS system. Hole RGR-19-010 was the first and still the only hole to test the
main portion of a >700 m long conductor which remains open along strike and at depth. Three EM conductors 600-1,500
m long remain untested immediately along strike (Map 2). The possibility that this mineralization is genetically related to
the nearby pyrrhotite zones and vein mineralization is now being investigated.
2
.
Vein-type copper-gold mineralization in basalt.
Wide zones of moderate grade Cu-Au vein-type mineralization were
discovered in basalts adjacent to quartz-feldspar porphyry intrusions for the first time in the June drilling program and then
again in September. A broad intercept of 33.7 m @ 0.35% Cu and 0.2 g/t Au was returned in June (RGR-19-006) and
13.25 m @ 0.32% Cu and 1.05 g/t Au in September (RGR-19-010) (see Table 1). The individual veinlets can be very high
grade, e.g. a 20 cm sample in hole RGR-19-008 with a single 2 cm wide chalcopyrite vein assayed 46.4 g/t Au and 1.68%
Cu. Vein samples are often highly anomalous in tungsten (>200 mm W) indicating that the porphyry intrusions are the likely
heat and fluid source for the Cu-Au rich veins. The correlation of the porphyries with large magnetic lows suggests that
these intrusions could be very widespread.
3
.
Gold-rich quartz-pyrrhotite veins
spatially associated with "Red Lake type" "epithermal style" open-space filling calcite
veins. Follow-up drilling of the gold-quartz-pyrrhotite vein discovered in June was hampered by flooding in the area but
drilling nearby did intersect additional "Red Lake type" calcite veins in holes RGR-19-010 and -013, significantly
expanding the areal extent of this vein system by >1.4 km. A winter program of ground geophysics is being designed to
trace the extent and orientation of the gold-bearing vein(s) prior to the next drill program.
Table 1: Mineralized Intercepts, September Drilling and Sampling Program
DRILL HOLE
FROM
TO
LENGTH*
Au g/t
Cu %
AuEq
g/t**
COMMENTS
RGR-19-006
8.0
41.7
33.7
0.2
0.35
0.7
June DDH,
sampling
finalised in
September
RGR-19-007
52.30
53.65
1.35
0.7
0.93
2.0
Basalt with
Chalcopyrite (Cp)
veinlets
RGR-19-007
103.0
107.2
4.2
1.94
0.14
2.1
Pyrrhotite (Po) zone
and overlying
siliceous, veined
zone. Incl. 2.9%
Zn/0.3m
RGR-19-008
104.2
104.4
0.2
46.40
1.68
48.7
Pyrrhotite rich
metasediment/felsic
tuff.
RGR-19-008
126.5
130.3
3.8
1.10
0.32
1.5
Suphide rich felsic
tuff
RGR-19-009
-
-
-
-
-
No Significant
Results
RGR-19-010
17.1
20.2
3.10
1.35
0.50
2.0
Basalt with
Chalcopyrite +
Pyrrhotite veinlets
RGR-19-010
53.8
64.0
10.2
0.62
0.38
1.1
Basalt with
Chalcopyrite +
Calcite veinlets
RGR-19-010
95.75
98.3
2.55
1.90
0.85
3.1
Basalt with
Chalcopyrite +
Calcite + Pyrrhotite
RGR-19-010
124.00
126.60
2.60
1.50
0.43
2.1
VMS Zone in felsic
volcanics
including
126.00
126.60
0.6
1.21
0.65
2.1
VMS Zone with
1.8%
Zn, 0.7% Pb, 34g/t
Ag
RGR-19-010
187.30
209.90
22.60
1.20
0.46
1.8
Combination of 3
adjacent zones
including
187.30
193.40
6.10
0.86
0.35
1.3
Basalt with
Chalcopyrite veinlets
including
193.40
196.65
3.25
2.44
1.26
4.2
VMS zone in felsic
volcanics
including
194.15
195.85
1.70
4.28
2.24
7.4
VMS in felsic
volcanics:
0.6% Zn,
44 g/t Ag
including
196.65
209.90
13.25
1.05
0.32
1.5
Basalt with
Chalcopyrite veinlets
RGR-19-011
157.55
158.50
0.95
2.83
-
2.8
3 intervals of 1.3-2.8
g/t Au / 0.6 to 0.9m
between 157.6 and
166.2m. Pyrrhotite
veins
RGR-19-012
151.5
153.2
1.7
1.50
-
1.5
Thin Pyrrhotite veins
in basalt
RGR-19-013
11.90
14.00
2.10
3.18
0.44
3.8
VMS style Cp-Pyrite
in felsic volcanics
including
13.65
14.00
0.35
8.27
0.61
9.1
VMS style Cp-Pyrite
in felsic volcanics
RGR-19-013
108.60
108.98
0.38
0.38
0.59
1.2
Pyrrhotite zone
*True Widths are expected to be 70 to 80% of the Drilled Lengths except hole RGR-19-009 which is ~56%.
** AuEq = Au (g/t) + (1.37104 * Cu%) using metal prices of USD $1300/oz Au and USD $2.60/lb Cu. Metal recoveries of 100% were applied to the gold and copper values.
4
.
Gold and Copper-enriched pyrrhotite formations within mafic and felsic volcanics
. The best intercept of this type
of mineralization was 4.2 m grading 1.94 g/t Au and 0.14% Cu in hole RGR-19-007 (Table 1). The intercepts in holes
RGR-19-007, 008 and 011 are continuous over a length of 100 m and appear to be the source of a 3-400 m long
conductor.
Table 2: Drill Hole Details, September Drilling Program
DDH #
Easting
Northing
Depth
Azimuth
Dip
TARGET
RGR-19-07
664459
5858004
134
208
-45
EM conductor 100 west
of Au vein in hole #5
RGR-19-08
664459
5858004
180
208
-60
EM conductor 100 west
of Au vein in hole #5
RGR-19-09
664753
5857992
167
225
-45
EM conductor 100 east
of Au vein in hole #5
RGR-19-10
664654
5858318
191
220
-45
700 m long northern EM
conductor coincident
with Quartz-Po-Pyrite-
(Au) vein in hole #6
RGR-19-11
664506
5858022
197
198
-45
EM conductor 50 west of
Au vein in hole #5
RGR-19-12
664477
5857780
240
16
-45
Upward projection of Au
vein in hole #5
RGR-19-13
663520
5859168
236
180
-45
EM conductor 1.5 km
NW
of hole #5
Map 1: Northwestern Lundmark-Akow Lake Claims 2019 drill holes on aeromagnetic map.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5376/50422_5a964aa5342ec9ec_002full.jpg
Map 2: 2019 drill holes RGR-19-005 to -012 on aeromagnetic map
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5376/50422_5a964aa5342ec9ec_003full.jpg
In addition to the diamond drill program in September, detailed soil sampling was conducted at the high-grade Spence gold-
copper+/-cobalt showing which returned 14 historic assays between 0.35 and 38.6 oz/t Au in 1997. Sampling was focused over
a linear magnetic low that flanks the showings to the west in an area that returned highly anomalous copper-in-soil values in June
2019 (64 to 1,660 ppm Cu). The new results confirm the presence of a gold anomaly (3 to15 ppb Au vs the background of 1
ppb) approximately 200 m long (N-S) and 50 m wide (E-W) as well as a larger coincident Copper-Arsenic anomaly >375 m long
(N-S) and 60-130 m wide (E-W) with values of 38 to 693 ppm Cu and 10 to 179 ppm As vs backgrounds of ~23 ppm Cu and ~7
ppm As. The anomalies partially overlie the known showings and extend westward into a low-lying area bounded on the west by
a prominent deformation zone. Further soil sampling, mapping and prospecting is planned in 2020.
Romios VP-Exploration, John Biczok, P.Geo., commented: "The discovery of polymetallic, zinc-lead-copper-gold-silver rich
zones in three VMS type horizons is an important new finding that expands the footprint of the >11 km long VMS system at
Lundmark-Akow Lake and gives us critical data points to zero in on the centre of this system. The nearby intercepts of broad
zones of Cu-Au vein-type mineralization flanking an extensive quartz-feldspar porphyry complex provides an exciting new target
in the same vicinity as both the VMS zones and the high-grade gold-quartz-pyrrhotite veins discovered in June. Although flooding
prevented closely spaced follow-up drilling of the gold vein, drilling nearby did intersect a number of the very unusual Red Lake
style calcite veins believed to be related to the gold mineralizing event and the distribution of these veins has given us new
indications on the orientation of this mineralization. We expect that a winter ground geophysics program will allow us to better
define the thickest portions, the extent, and the orientation of all four mineralized systems prior to the next phase of drilling."
The current drill sites are located 30 km north of Newmont Goldcorp's Musselwhite gold mine with its all-weather road access
and connection to the provincial power grid. Romios has a 100% working interest in the 8,022 hectare (18,823 acre) Lundmark-
Akow Lake property, part of which is subject to a 3% net smelter return royalty held by a corporation controlled by the president
and CEO of the Company. All samples were submitted to the Actlabs laboratory in Thunder Bay, Ontario for analyses and
assays.
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., 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 mine.
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
property in 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.
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
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