Romios Gold Expands Gold-Copper Stockwork Zone on the Lundmark-Akow Lake Project,
Romios Gold Expands Gold-Copper Stockwork
Zone on the Lundmark-Akow Lake Project,
Intersects 9.8 m @ 5.1 g/t Gold Equivalent (4.3
g/t Au, 0.46% Cu) Within 16.9 m @ 3.3 g/t Au
Eq (2.6 g/t Au, 0.39% Cu)
Toronto, Ontario--(Newsfile Corp. - February 14, 2022) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
is pleased to report on the
results of two diamond drill holes completed in September 2021 on the Gold-Copper Stockwork target
at the Lundmark-Akow Lake project in NW Ontario. These two holes were part of a nine-hole program
totalling 1,756 metres, drilled from 8 sites to test a variety of targets across this very large, 7,800-hectare
property that is host to at least 4 different types of gold and copper zones.
Highlights:
The main gold-copper stockwork has appreciable widths and grades across a significant strike
length of greater than 125 m and is open down dip and along strike in both directions.
Broad zones of stockwork veinlet type mineralization were intersected at shallow depths in hole
RGR-21-04, assaying up to:
3.3 g/t Gold Equivalent (Au Eq) (2.6 g/t Au, 0.39% Cu) over 16.9 metres (Drilled Width /
"DW")
Including 5.1 g/t Au Eq (4.3 g/t Au, 0.46% Cu) over 9.8 m and 16.9 g/t Au Eq (16.03 g/t Au,
0.54% Cu) over 2.45 m.
The same mineralized zone was intersected in two drill holes in 2019 (see Map 1 & Table 1 below
and News Release December 5, 2019). A parallel, narrower zone grading 5.7 g/t Au and 0.24%
Cu over 2.5 m was intersected a further 120 m along strike in hole RGR-21-07.
Mineralization is developed adjacent to a swarm of quartz-feldspar porphyry (QFP) intrusions
which are very abundant, large, and somewhat unique to the NW part of the property.
The aeromagnetic pattern of this area suggests that the QFP intrusions are very extensive and
provides numerous additional drill targets for this type of shallow, potentially open-pitable
mineralization.
The diamond drill rig has been left on the property in order to carry out follow-up drilling in 2022.
"There is a good deal of intriguing mineralization in this project area," commented Stephen Burega,
President of Romios. "Almost every drill hole intersects gold-copper mineralization, often 2 or 3 different
types. The majority of this belt of rocks is quite barren so to find a spot under relatively thin overburden
cover like northwest Lundmark-Akow where there is such a clustering of mineralization is very
encouraging and we believe that this work could lead to a significant discovery".
BACKGROUND
Broad stockwork zones of chalcopyrite veinlet type mineralization in relatively fresh volcanic rock were
first discovered by drilling in 2019 and now again in 2021 (see Map 1 below). Starting 53.0 m downhole,
hole RGR-21-04 intersected 16.9 metres assaying 3.3 g/t Au Eq (2.6 g/t Au, 0.39% Cu), including higher
grade intervals of 5.1 g/t Au Eq (4.3 g/t Au, 0.46% Cu) over 9.8 m and 16.9 g/t Au Eq (16.03 g/t Au,
0.54% Cu) over 2.45 m (see Table 1 below).
(The True Width of drill intercepts is estimated to be about
70-80% of the drilled width and they are expected to project to the bedrock surface under 5 to 7 m of
overburden). This intercept is now the central one of three similar intercepts over a strike length of about
125 m and the mineralization remains open to the SE and NW along strike for some distance. Hole
RGR-19-06, drilled 59 m to the SE in 2019, intersected 0.35% Cu over 33.7 m, with gold values ranging
from nil to 2.85 g/t Au, beginning just 8 m downhole at the start of bedrock (
see Romios news release
August 19, 2019
). The same zone was intersected in RGR-19-10, drilled 67 m to the NW, and returned
22.6 m @ 2.0 g/t Au Eq (1.2 g/t Au, 0.46% Cu) (including a 3.25 m interval of VMS style mineralization at
1.26% Cu, 2.4 g/t Au).
Table 1: Au-Cu Stockwork intercepts from 2021 and 2019 Drilling
DDH #
FROM (m)
TO (m)
LENGTH
(m)
Au g/t
Cu %
Au Eq g/t
RGR-21-04
53.0
69.9
16.90
2.6
0.39
3.3
including
60.1
69.9
9.80
4.3
0.46
5.1
including
60.1
62.55
2.45
16.03
0.54
16.9
RGR-21-04
206.7
211.7
5.00
2.0
0.90
3.5
RGR-21-07
208.2
210.7
2.50
5.7
0.24
6.1
RGR-19-06
8.0
41.7
33.70
0.24
0.35
0.8
RGR-19-10
53.8
64.0
10.20
0.6
0.38
1.2
RGR-19-10
187.3
209.9
22.60
1.2
0.46
2.0
including VMS
193.4
196.65
3.25
2.4
1.26
4.5
*
The Au Eq formula used for calculations is AuEq g/t = Au g/t + (1.68347 * %Cu) based on prices of USD $1,670 per ounce of gold and USD $4.10
per pound of copper. No adjustments have been made for potential relative differences in metal recoveries.
Map 1: Drill intersections of the gold-copper stockwork zone, NW Lundmark-Akow Lake
claims.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5376/113728_b498f0863475c97f_002full.jpg
The stockworks occur in volcanic rocks adjacent to, and likely related to, large quartz-feldspar porphyry
intrusions which are unusually common in the NW sector of the Lundmark-Akow claims. In addition to the
main stockwork described above, similar but narrower parallel stockworks were encountered in several
of the same holes (Map 1). The individual stockwork veinlets are typically a few centimetres wide but can
form dense swarms over a few metres and often have very high individual metal values, e.g., up to 36.9
g/t Au over 0.33 m and 3.54% Cu over 0.68 m. The gold-copper veinlet stockworks have not been a
primary focus of the drill programs so far but this latest drilling has now extended one 16 to 33 m wide
(DW) Au-Cu zone across a strike length of >125 m. The improved gold values and continued good
widths of the stockwork in hole RGR-21-04 have now made these stockworks a viable target on their
own. Past geophysical surveys are currently being re-assessed to see if the stockworks can be
delineated from the other EM targets in this area prior to drilling in 2022.
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 and 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 two former producers, the La Corne
molybdenum mine property (Quebec), a former high-grade gold producer - the Scossa mine property
(Nevada), and the Kinkaid Nevada claims covering numerous Au-Ag-Cu workings. The Company also
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; and a 2% NSR on the Newmont Lake Au-Cu-Ag property in BC
now owned by Enduro Metals Corp.
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
https://www.newsfilecorp.com/release/113728