Romios Gold Completes IP-MT Survey on Trek South Target and Reports on 2022 Exploration Programs in The Golden Triangle, BC
Romios Gold Completes IP-MT Survey on Trek
South Target and Reports on 2022 Exploration
Programs in The Golden Triangle, BC
Toronto, Ontario--(Newsfile Corp. - September 29, 2022) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
is pleased to report that it has
completed an extensive exploration program on six of the company's projects in the Golden Triangle of
northwestern British Columbia (see Map 1). Field work by Romios' crew began in early July and
continued until mid-September. Assay results are now being received and compiled, and will be
reported on when complete. Field observations on some of the claim blocks are very encouraging,
particularly those from the Trek South Porphyry Cu-Au-Ag prospect. Many of Romios' projects in the
Golden Triangle are close to the giant Galore Creek porphyry Cu-Au-Ag project held by a Teck-Newmont
JV (GCMC) and currently in the final stages of a pre-feasibility study.
Romios' VP of Exploration Mr. John Biczok, P. Geo, commented, "we are very pleased that the first ever
IP-MT survey has been successfully completed on the Trek South porphyry Cu-Au-Ag prospect, and a
3D model is now being generated of this significant target. Romios' 2022 work in the Golden Triangle
also resulted in the discovery of numerous, often substantial, quartz veins near historic gold showings on
several properties and we look forward to receiving and evaluating those results soon."
Stephen Burega, President and CEO, stated, "The 3D modelling will be key to opening conversations
with potential funding partners for the Trek South prospect. Management has been cultivating numerous
contacts to initiate their review/assessment of the potential at Trek South. We are looking forward to
correlating these results with the mineralized surface exposures, and to sharing more in the near future
once the modelling is competed."
Highlights:
Trek South:
An ALPHA IP
TM
survey totalling 5.6 km was completed by Simcoe Geoscience on 3
lines up to 2.3 km long across the
>1 km wide, locally mineralized Trek South porphyry-style
alteration system. The IP survey was designed to detect potential sulphide mineralization to a
depth of ~600 metres. After an initial inspection of these results the go-ahead was given for a
Magnetotelluric Survey (MT) along one of the IP lines. MT is capable of detecting mineralization
well beyond the limits of the IP survey, to depths >10 km. The combined IP-MT results are now
being processed and interpreted in detail by Romios' consulting geophysicists and will be reported
on separately in the near future. Our partner, Simcoe Geoscience, is currently working on 1D and
2D modelling from the IP, and Phoenix Geoscience is preparing the 3D modelling.
North East Claims:
Located 300 metres north of the Galore Creek access route and <2 km from
the proposed mill site. Mapping and prospecting by Romios personnel in 2021 located the highest
grade and most diverse suite of mineralized boulders ever found on the claims, including quartz
vein material that assayed 9.4 g/t Au. The 2022 work focussed on additional mapping and
sampling in the vicinity of this mineralized boulder in an effort to locate the bedrock source. Assays
are pending.
Burt Claim:
An initial field visit was made to Romios' new BURT claim located 4 km south of the
historic Johnny Mt. gold mine and 8 km SW of the old Snip gold mine. The claim covers a number
of old showings including the "Burton", a 5 metre wide quartz vein that has assayed up to 4 g/t Au
and 72 g/t Ag in limited historic sampling. Due to weather conditions, the crew was unable to
access this particular showing but mapping and sampling to the west located a number of copper-
bearing quartz veins. Assays are pending.
Rugged Claim:
A brief field visit was also made to Romios' new RUGGED claim located 70 km
north of Galore Creek and 25 km SW of the community of Telegraph Creek. The claim covers
~one-half of a 4 km wide syenite-pyroxenite intrusion believed to be a prime target for an alkalic
porphyry Cu-Au-Ag-PGE system. Previous workers have located Cu-Au-Ag-PGE mineralization
here assaying up to 3.2 g/t Au, 1.97% Cu, 10 g/t Ag and 1.36 g/t Pt+Pd. Romios' examination of
the claim was cut short by incoming bad weather but copper stained pyroxenite was located and
sampled (0.2% Cu and 0.17 g/t Au). A thorough exploration program is considered warranted
here.
PHOTO 1: Chalcopyrite (copper sulphide) covered fractures on boulder along Trek South IP
survey line.
To view an enhanced version of Photo 1, please visit:
https://images.newsfilecorp.com/files/5376/138858_photo1rg.jpg
.
North West Claims:
Located 10 km west of Galore Creek, they were explored to follow-up the
discovery of gold bearing quartz veins in 2021 (5 - 9 g/t Au) and 2010 (16.5 g/t Au). Numerous
additional veins were located at this latter site and several large veins up to 1.2 m wide were
discovered elsewhere this season, some with visible copper mineralization. Assays are pending.
Red Line Claims:
An extensive mapping and sampling program was undertaken on Romios' Red
Line claims located 32 km north of the historic Eskay Creek Au-Ag mine and believed to be within
the same geological setting. This work was financed by Copperhead Resources which has an
option to earn a 75% interest in the property. The mapping was conducted by an expert in the local
stratigraphy and his report is expected shortly.
PHOTO 2: Newly discovered copper-stained quartz vein, ~70 cm wide, North West Claims
To view an enhanced version of Photo 2, please visit:
https://images.newsfilecorp.com/files/5376/138858_photo2rg.jpg
.
Burega continued, "the discovery of additional quartz veins of substantial size on the North West claims
in the vicinity of historic showings was another highlight of the summer program. Romios personnel also
completed several weeks of exploration work on three of our projects in NW Ontario and a summary of
that work will be forthcoming shortly."
QA/QC
The samples discussed in this document were grab and chip samples considered representative of the
outcrops, 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 every
10th position in the sample series.
Map 1: Location of Romios' projects in the Golden Triangle, NW British Columbia
To view an enhanced version of Map 1, please visit:
https://images.newsfilecorp.com/files/5376/138858_map1rg.jpg
.
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 Au-Cu property plus 4 additional claim blocks in northwestern
Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the
"Golden Triangle" of British Columbia. Additional interests include the Kinkaid Nevada claims covering
numerous Au-Ag-Cu workings and two former producers: the La Corne molybdenum mine property
(Quebec) and the Scossa mine property (Nevada) which is a former high-grade gold producer. The
Company retains an ongoing interest in several properties including a 20% carried interest in five of
Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; a 2%
NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake
Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead
Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios'
Red Line Project in BC.
For more information, visit
www.romios.com
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.
For further information, please contact:
Stephen Burega, President - 647-515-3734 or
John Biczok, P. Geo., VP of Exploration - 613-410-7877 or
To view the source version of this press release, please visit
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