Romios Gold Announces Completion of NI 43-101 Report for Its Trek Property in Northwestern British Columbia
June 28 2011 - 12:29PM
Marketwired Canada
Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R)
("Romios" or the "Company") is pleased to announce that a National Instrument
(NI) 43-101 Technical Report has been completed for its Trek Property located in
northern British Columbia. The report was completed by Pierre Desautels, P.Geo.
of AGP Mining Consultants Inc. ("AGP") of Barrie, Ontario. The entire report
dated June 21, 2011 and titled "NI 43-101 Technical Report for the Trek Property
Liard Mining District, British Columbia" can be viewed at www.sedar.com and at
www.romios.com.
The current exploration program, which will total approximately $6.7 million,
was recommended by Pierre Desautels of AGP in consultation with Scott Close,
Exploration Manager at Romios. The program includes an 8,200 metre drill program
on the Trek property's North Zone designed to expand the pervasive
porphyry-style copper and gold mineralization. It will also test the significant
opportunities for added tonnage at the North Zone identified by previous drill
campaigns and will target a large, deep conductor located below and adjacent to
the previous drilling which was identified by the Titan24 geophysical surveys in
2010 (Press Release November 4, 2010). Drilling on Trek commenced in June. In
addition, the program includes ground geophysical surveys consisting of 2.4 line
kilometres and down-hole induced polarization (IP); resistivity (RES) and
magnetics (MAG) surveys, and TEM loop geophysical surveys to further refine the
exploration and infill drilling of the North Zone.
The program also includes four holes totalling 2,000 metres to be drilled to
test for mineralization at Trek's Tangle Zone, where a deep conductive anomaly,
identified during the 2010 Quantec Titan 24 geophysical survey, is the main
drill target. The anomaly correlates well with grab sample assays and a
significant soil copper-gold geochemical anomaly. Previous grab samples assayed
up to 9.6 g/t Au, and 16.45% Cu with 7.56 g/t Au. Soil sampling in the area
assayed up to 5.31 g/t Au and 12.2% Cu (Press Release dated November 4, 2010).
The Trek property, 100% owned by Romios, consists of 10 land tenures which cover
4096.869 hectares (10123.58 acres) in the Galore Creek Area which encompasses
GCMC's (NovaGold and Teck Resources) Galore Creek Project that contains a large,
undeveloped, porphyry-related, copper- gold-silver deposit. Since acquiring the
Trek property in 2006, Romios has been carrying out exploration programs to
evaluate the widespread zones of breccia-hosted copper-gold mineralization and
zones of porphyry-style gold-copper mineralization on the property.
The information in this news release has been reviewed and approved by Pierre
Desautels, P.Geo, a Qualified Person in accordance with the Canadian regulatory
requirements as set out in NI 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company
established in 1995, is headquartered in Toronto and is actively engaged in
precious and base metal exploration across North America with a primary focus on
gold, silver and copper. Romios has significant property interests in British
Columbia, Ontario, Quebec and Nevada. The Company is undertaking extensive
exploration work on its Galore Creek area properties in British Columbia, which
are centrally located between Galore Creek Mining Corporation's large
copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.
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