Romios Gold Reports High-Grade Assays Up to 17.9 g/t Au from Previously Undocumented Prospects on the Kinkaid Project, Nevada
Romios Gold Reports High-Grade Assays Up
to 17.9 g/t Au from Previously Undocumented
Prospects on the Kinkaid Project, Nevada
Toronto, Ontario--(Newsfile Corp. - June 14, 2022) -
Romios Gold Resources Inc.
(TSXV: RG)
(OTCQB: RMIOF) (FSE: D4R)
("Romios Gold" or the "Company")
is pleased to report on high-
grade gold assay results from chip and grab samples collected in April 2022 at several previously
undocumented or poorly known historic gold-copper-silver prospects on the Company's recently
acquired Kinkaid project in Nevada.
The Kinkaid claims cover 911.2 Hectares (2,252 acres) in Mineral County, 18 km east of the town of
Hawthorne, and are largely accessible by road.
To date only the gold assays have been received from
the April sampling; the multi-element analyses including the copper and silver results are pending.
"We are extremely encouraged now by the shear number of gold bearing veins that we have found on the
Kinkaid property, and expect that the pending copper and silver assays will only increase their potential,"
stated Stephen Burega, President.
Highlights:
Several poorly documented or unknown mineral showings were discovered by Romios in the field
in April and sampling has returned encouraging gold results from all of them (see Map #1). Many
samples are expected to return high copper +/- silver values as well (based on the presence of
abundant copper minerals and their similarity to the numerous other showings in the same area -
See March 10, 2022 News Release
):
1
.
Au-Cu Adits
: A 180 m long series of shafts and adits was located at an unnamed prospect on the
southern claims. The dump material at these workings is typically very copper rich (see Photo #1)
and 3 representative quartz vein samples have assayed from 0.3 g/t Au to
17.9 g/t Au.
The veins
are not exposed at the entrances to the workings but the host rocks are highly altered and sheared
for widths of at least 2-3 m.
2
.
Au-Cu Shaft
: An unnamed old mine site consisting of a shaft and a lower adit was located 775 m
NE of the "Southern Copper-Barite" prospect. A >15 cm wide vein of classic epithermal bladed
calcite was located in the adit entrance and assayed
3.9 g/t Au
. A 1m chip of a heavily copper
stained fault zone nearby assayed
1.8 g/t Au.
These zones strike towards the upper shaft in an
area largely obscured by dump material.
3
.
"End of the Road" Au-Cu Trench:
A single trench was located 300 m SW of the aforementioned
shafts and adits. This blast
trench exposes a ~2m wide series of quartz-calcite veins with excellent
epithermal textures. Representative samples of this material assayed
8.5, 7.2 and 0.4 g/t Au.
4
.
Au-Barite
: A >75 m long series of adits and dumps on the SE claims listed as a "barite prospect"
in the USGS database was located and sampled in April. Two quartz vein samples from the
dumps assayed
2.1 and 2.8 g/t Au
and two other vein samples returned lower but still anomalous
results: 0.15 and 0.38 g/t Au. The hydrothermal alteration associated with these workings is very
extensive.
Southern Copper-Barite:
Additional sampling and mapping was also conducted at this prospect
originally sampled in November 2021. This site was a small-scale mining operation in the past (for
barite?) and Romios' samples from a ~30 cm wide vein reported in March assayed
212 g/t Silver
(6.8 oz/t Ag), 2.3% Copper and 1 g/t Gold
with elevated bismuth, antimony and mercury values.
This poorly documented prospect vein is within a 300 m long discoloured area visible on the
ground and on satellite imagery and is now thought to be part of an epithermal vein system. Three
samples of quartz vein material collected here in April returned gold assays from 0.48 g/t Au to
1.29 g/t Au
; Cu and Ag assays are pending.
Bismark Au-Ag-Cu Trenches:
Assay results of 2 samples of the typical vein material at this
undocumented site on the SW claims also confirmed the high-grade results reported in March
(
36.3 g/t Au and 4.8% Cu in the southern trench and 5.8 g/t Au and 1.55% Cu in a 2
nd
trench 12 m to the north
). The April samples assayed
33.7 g/t Au
from a ~40 cm wide rock in
the southern trench and
7.53 g/t Au
from a sample of one of several quartz veins 8-10 cm wide in
the northern trench.
Dozer Trench Au-Cu
: The "bulldozer trench" located 125 m SE of the Bismark site was also
revisited and sampled. Numerous copper (chrysocolla) stained rocks are found at this site in the
overburden but the bedrock source has not been located as yet. A 30 cm mineralized boulder
collected in 2021 and reported in March assayed
13.5 g/t Au and 4.34% Cu
. Two samples
collected in April have now assayed
18.3 g/t Au
from a quartz vein and
27.7 g/t Au
from a piece of
the copper-stained host rock to the vein material.
Montreal Gold-Silver Mine
: Additional samples collected here from a range of vein material types
on the ~500 m long series of old mine dumps confirmed the high assays reported in March 2022
(ranging from essentially nil to
24 g/t Au, 3.1% Cu and 8 g/t Ag
)
.
The 4 samples collected in April
assayed from 0.045 g/t Au up to
18.85 g/t Au
and confirmed the association of gold with copper
(chalcopyrite) bearing vein material.
Alteration Mapping:
Romios has engaged Photosat Inc. of Vancouver BC to produce a series of
alteration mineral maps of the Kinkaid property using Short Wave Infrared imagery from the
WorldView-3 satellite. Many of the Au-Ag-Cu showings at Kinkaid are associated with prominent
clay, jarosite and other hydrothermal alteration minerals that are expected to be clearly evident on
these hyperspectral survey maps. This satellite imagery is expected to allow Romios geologists to
quickly and efficiently trace out many of the poorly documented, high-grade mineral showings on
this large, treeless claim block.
"Romios' brief prospecting and sampling program in April at Kinkaid has returned some surprisingly
good gold results from poorly documented old showings, most of which are simply listed as "barite
occurrences" in the government database," commented John Biczok, Romios' VP of Exploration.
He
continued, "the association of barite with high-grade gold-silver epithermal style mineralization is now
well understood but may not have been in decades past when these prospects were first explored. With
the price of gold being so much lower at that time, the gold potential of many prospects was often
ignored if the grades were not over 1 oz/t Au. We look forward to the upcoming satellite image study and
further field work to define these vein systems more fully and advance the best targets to the drill stage."
2022 Exploration Plans
Romios plans to undertake a program of detailed geological mapping and sampling across the Kinkaid
property in 2022 with emphasis on the numerous mineralized showings. A drone magnetic survey is
expected to be particularly useful in tracing the skarn horizon targets under cover and a hyperspectral
satellite image study is expected to outline the alteration zones associated with the Au-Ag-Cu vein
systems. Diamond drilling of several showings is anticipated.
Map #1 - Mineral prospects on Romios’ Kinkaid Project with the maximum gold assays for each site
from sampling in April 2022.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5376/127686_650fb71164a4780f_003full.jpg
Photo #1 - Sample #E268328 from the “Au-Cu Adits” dump site. Massive, black, tarnished
chalcopyrite (copper-iron sulphide) and green secondary copper mineral staining in a white quartz
vein. Assayed 1.7 g/t Au. Copper and silver results pending. One of very many such pieces at this
site, some assaying up to 17.9 g/t Au.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/5376/127686_650fb71164a4780f_004full.jpg
QA/QC
All samples were submitted to the ISO/IEC 17025 accredited ALS laboratory in Reno, Nevada for assay.
As a matter of procedure, a rigorous quality assurance and quality control program was implemented in
the form of blanks and Certified Reference Material standards at every 10th position in the sample
series. The assay results of these standards and blanks were well within the acceptable ranges.
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 the Kinkaid Nevada claims covering
numerous Au-Ag-Cu workings and two former producers: the La Corne molybdenum mine property
(Quebec) and a former high-grade gold producer - the Scossa mine property in Nevada. 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 Enduro Metals Corp.' Newmont
Lake Au-Cu-Ag property 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
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