Romios Reports Exceptional Assays up to 78.2 g/t Au and 574 g/t Ag and Expands Footprint of Possible Porphyry Centres at the Kinkaid Copper-Gold-Silver Property, Nevada, USA
Romios Reports Exceptional Assays up to 78.2
g/t Au and 574 g/t Ag and Expands Footprint of
Possible Porphyry Centres at the Kinkaid
Copper-Gold-Silver Property, Nevada, USA
Toronto, Ontario--(Newsfile Corp. - August 27, 2024) -
Romios Gold Resources Inc. (TSXV: RG)
(OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company")
is pleased to report that a
recent field program on Romios' Kinkaid property in Mineral County, Nevada, has returned numerous
high-grade gold, silver and base metal assays, and expanded the apparent footprint of at least two of the
postulated porphyry Cu-Au-Ag centres on the property.
HIGHLIGHTS
At Honeycomb Hill, the apparent porphyry copper centre and overlying epithermal to mesothermal
base and precious metal rich vein system has now been expanded to an area >450 x 450 m with
the discovery of numerous historic mineralized trenches and adits that returned assays from
1.31
to
26.96 g/t Au, 1.55% to >10% Cu, and 1.0 to 10.4 g/t Ag.
Sampling of the ore veins inside the main workings at Honeycomb Hill confirmed the very high
silver content of the galena,
574 and 189 g/t Ag,
with gold values of
0.26 and
3.45 g/t Au.
A
nearby dump sample of fairly non-descript quartz vein material returned the highest gold values to
date on the project,
78.16 g/t Au.
Mapping around the 500 m long, historic Montreal Au-Ag mine workings located an important
mineralized outcrop laced with actinolite, epidote, biotite and copper bearing veins, 150 m to the
west of the mine, significantly expanding the footprint of the suspected porphyry system. This
alteration is believed to be part of the deeper alteration zones of a porphyry copper system and
assayed
1.62% Cu, 11.3 g/t Ag and 0.49 g/t Au.
The suspected epithermal mineralization overprint on the historic PM mine skarn system has been
further supported by the discovery of quartz veins that assayed
10.6 g/t Au
and a zone of
chalcedonic quartz that assayed
0.79 g/t Au.
Work on the adjacent KIN claim block located numerous copper-rich boulders of conglomerate and
garnet-epidote skarns, making the nearby sedimentary horizons a prime target and suggesting
that the source pluton for this mineralization may be at relatively shallow depths.
Stephen Burega, President and CEO of Romios, stated: "These are exceptional results, and we
continue to build support for Romios' Kinkaid model of multiple porphyry Cu-Au-Ag centres overlain by
high-grade epithermal to mesothermal veins and high-level sericite alteration zones. We have now
substantially expanded the footprint of the Honeycomb Hill and Montreal Mine centres as well as adding
more proof of an epithermal gold-silver overprint on the PM skarn site, all with a low-cost, boots on the
ground approach."
Target Details
The 139 Kinkaid and adjacent KIN claims cover approximately 11.0 sq km in Mineral County, 18 km east
of the town of Hawthorne, and are largely accessible by road. Romios personnel undertook a low-cost,
week-long exploration program here in June 2024 to follow-up on the 2023 discovery of high grade Cu-
Au boulders on the new KIN claims; to explore the area around several of the postulated porphyry and
skarn centres; and to assess the significance of sericite anomalies detected by a recent Short Wave
Infrared Satellite Imagery (SWIR) satellite image study of the property. The results of this work are
described in more detail below; all pertinent assay results are listed in Table 1 and the target areas are
shown on Map 1.
Honeycomb Hill Centre Target
:
One of the largest alteration zones on the Kinkaid property, up to 275 m long and 90 m wide, this is now
believed to be part of a larger porphyry-related mineralized system ~450 x 450 m that is partially overlain
by younger volcanics.
Eight additional adits and trenches were located in this broader zone in 2024, in addition to the 6
shafts and adits previously known. It is believed that the historic mining here targeted silver-rich
galena veins.
Romios' samples not only returned high silver assays but moderate to very-high gold values as
well: the four samples with even minor sulphides assayed up to
78.16 g/t Au, 574 g/t Ag and
2.3% Cu
, with locally high values in mercury, up to
13,250 ppb Hg
; antimony, up to
650 ppm Sb
;
arsenic, up to
2,981 ppm As
; and up to
86.6 ppm tellurium
(see Table 1 for results of all 4
samples).
Two galena rich samples assayed 3.96% and >10% Pb. A 30 x 50 cm panel chip sample of the
altered but vein-free host rocks outside one adit assayed 0.13% Pb, 41 ppm Sb, 707 ppm As, and
443 ppb Hg, indicating that broad areas of the discoloured, friable, altered host rocks are weakly
mineralized.
A series of old trenches newly discovered 400 m NW of Honeycomb Hill mine workings also
returned impressive assays,
1.31 to
26.96 g/t Au, 1.55% to >10% Cu and 1.0 to 10.4 g/t Ag as
well as high mercury in one sample: 5,098 ppb Hg
(see Photo 1). These results have
significantly expanded the footprint of this apparent porphyry centre.
Although the samples were mainly collected from relatively narrow veins and dump samples left behind
by the historic miners, the suite of elements in these latest assay results suggest that these veins are part
of an epithermal to mesothermal vein and pervasive alteration system (see Photo 3) that likely overlies a
magmatic source, believed to be a porphyry copper system.
The general zonation from silver rich samples at Honeycomb Hill to the more gold and copper rich
mineralization at the trenches 400 m NW is to be expected in the metal zonation around the top of
porphyry-epithermal systems.
Photo 1: Sample B994732 from the newfound trenches 400 m NW of Honeycomb Hill.
Assayed 26.96 g/t Au, 10.4 g/t Ag, >10% Cu.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/221207_15de8ecf94bea8fe_002full.jpg
KIN Claims:
Initial work in May 2023 in this area returned high-grade copper +/- gold values up to
13.3% Cu and
12.7 g/t Au
from a series of boulders of uncertain origin along a dry creek bed (
see Romios press
release October 12, 2023
). Follow-up mapping and prospecting in June 2024 located numerous
additional, visibly well mineralized boulders along the same creek.
Of special note is that the new copper-rich samples include conglomerates and obvious skarn-type
rocks (Photo 2). These samples have now shifted the target for the next work phase to a series of nearby
sedimentary units. Such well developed and mineralized skarn boulders indicate that there must be
skarn outcrops nearby and that the pluton responsible for the skarns may be at a relatively shallow depth.
Photo 2: Epidote-garnet skarn boulders stained with secondary copper minerals (mainly
chrysocolla), KIN claims.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/221207_15de8ecf94bea8fe_003full.jpg
Montreal Gold-Silver Mine Target:
This 500 m long series of old stopes, adits and trenches was mined for gold and silver in the early 1900s
and is the largest historic mining operation on the Romios claims. The old workings are developed in a
broad, north east trending, highly sericitic, friable zone(s).
The intense sericite alteration is typical of most of the mineralized prospects on the Kinkaid
property and forms a prominent anomaly 50 m wide and 500 m long on SWIR satellite imagery
(
see Romios press release June 13, 2024
).
Further evidence of a porphyry-type system is seen on lower ground 150 m west of the workings in
the form of a large, well mineralized outcrop with abundant actinolite veins, epidote-biotite
alteration selvages and copper mineralization.
A typical sample of the vein material assayed
1.62% Cu, 11.3 g/t Ag and 0.49 g/t Au
, with
elevated mercury (1,345 ppb Hg) values. Sericite alteration and mineralized Cu-Au-Ag veins can
be expected near the top of typical porphyry copper type systems and give way at depth and
inwards to a series of sodic-calcic and potassic alteration haloes around the main Cu-Au-Ag zone,
including an actinolite sub-zone.
This discovery of the well mineralized outcrop with actinolite, biotite and epidote alteration is
considered highly supportive for the porphyry model being pursued on the Kinkaid property. The
area west of this outcrop is covered by younger, largely flat-lying volcanics that likely obscure the
full extent of the system.
PM Skarn Target:
Located in the northernmost Kinkaid claims, the PM skarn is one of three skarns spread over 1.4 km and
believed to have formed around the periphery of a metamorphic aureole related to an underlying
granitoid intrusion. The historic PM skarn mine is a 150 m long series of shafts, adits and pits developed
in garnet skarns and mined for gold prior to World War II. Romios' mapping in 2023 identified a 40 m
wide skarnified horizon near the old workings, a unit which provides a potential host for extensive
mineralization at depth closer to the source intrusion.
A typical sample from a small stockpile of silver-rich iron carbonate vein material at one adit assayed
55
oz/t Ag, 0.25% Sb, 6.9% Zn, 0.4% Cu, and 495 ppm Hg
in Romios' 2021 sampling (
see Romios
press release March 10, 2022
), indicating that there is likely an epithermal vein system overprinting the
skarnified area.
For the first time in Romios' work, the 2024 samples returned significant gold values from the PM site: a
sample of several small parallel quartz veins assayed
10.6 g/t Au
as well as 177 ppm molybdenum, and
a representative sample of a patch of apparently "low-temperature", chalcedonic quartz assayed
0.79
g/t Au.
The discovery of these gold-bearing quartz veins/floods supports the postulated epithermal
overprint on the PM skarn.
Table 1: Assays of samples pertinent to this release. (Cu and Pb are in ppm unless stated as %).
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/221207_15de8ecf94bea8fe_004full.jpg
Map 1: Kinkaid Project claim outlines and apparent porphyry centres.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/221207_15de8ecf94bea8fe_005full.jpg
Photo 3: Pervasive, discoloured, sericitic, iron stained alteration at Honeycomb Hill.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/221207_15de8ecf94bea8fe_006full.jpg
Background
The Kinkaid property now consists of 139 claims, covering approximately 11.0 sq km, located 18 km
east of the town of Hawthorne where the prolific Walker Lane trend overlaps the southern edge of the
mineral-rich Basin and Range geological province. The claims are largely accessible by road and short
hikes and are wholly owned by Romios.
For more information, please
click here
for Romios' website.
Qualified Person
The technical information in this news release has been reviewed and approved by John Biczok, P.
Geo., Vice President, 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.
QA/QC
All samples were submitted to the Standards Council of Canada ISO/IEC 17025:2017 accredited
Bureau Veritas 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.
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 claims in Nevada
covering numerous Au-Ag-Cu workings, and two former producers: the Scossa mine property (Nevada)
which is a former high-grade gold producer and the La Corne molybdenum mine property (Quebec). The
Company retains an ongoing interest in several properties including 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 Property in BC.
For more information, visit
www.romios.com
As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have
several communication portals. If you have any questions online (
,
,
) please
feel free to send direct messages.
To book a one-on-one 30-minute Zoom video call, please
click here
.
For further information, please contact:
Stephen Burega, CEO & President - 647-515-3734 or
John Biczok, P. Geo., VP Exploration - 613-410-7877 or
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/221207