TORONTO, ONTARIO (OTCBB: RMIOF)(FRANKFURT: D4R) is pleased to
announce the results of its diamond drill program carried out
during the summer of 2007 at its Newmont Lake Property in the
Galore Creek area of northwestern British Columbia. The most
significant results from the program were encountered in Holes
R-07-09 and R-07-01.
Hole R-07-09 was drilled vertically to a depth of 190.5 metres
(625.0 feet) and was designed to test an induced polarization
anomaly believed to be reflecting an extension to the zone of
gold-copper-silver mineralization at the NW Zone. The hole
intersected four distinct zones of sulphide and magnetite
mineralization associated with silicification and brecciation
similar to that which characterizes the NW Zone.
From 10.67m to 30.36m (19.69 metres or 64.60 feet) in the hole,
the core was calculated to have a weighted average grade of 7.82
grams/tonne (0.23oz/t) gold), 0.42% copper and 12.45 grams/tonne
(0.36 oz/t) silver. Within this interval, two zones of higher grade
mineralization were encountered, one between 13.72m and 16.76m
(3.04 metres or 9.97 feet) which assayed 19.70 grams/tonne (0.57
oz/t) gold, 0.45% copper and 12.60 grams/tonne (0.37 oz/t) silver
and the other between 26.61m and 28.96m (2.35 metres or 7.71 feet)
which assayed 27.32 grams/tonne (0.80 oz/t) gold, 0.46% copper and
9.96 grams/tonne (0.29 oz/t) silver.
Three additional zones of gold-copper-silver mineralization were
intersected in the hole. From 37.03m to 43.28m ( 6.25 metres or
20.5 feet) a highly altered, pyritic breccia was found to contain a
weighted average of 4.14 grams/tonne (0.12 oz/t) gold, 0.20% copper
and 5.46 grams/tonne (0.16 oz/t) silver. From 67.67m to 69.34m
(1.67 metres or 5.48 feet), a semi-massive zone of pyrite assayed
6.58 grams/tonne (0.20 oz/t) gold, 0.74 % copper and 29.60
grams/tonne (0.86 oz/t) silver. From 91.44m to 93.15m ( 1.71 metres
or 5.6 feet), a moderately altered pyritic zone contained grades of
2.45 grams/tonne (.07 oz/t) gold, 0.134% copper and 1.3 grams/tonne
(0.038 oz/t) silver.
Based on information obtained from drill logs, a recently
completed computer modeling program relating to the NW Zone and an
examination of drill core, the widths of the intersections in drill
hole R-07-09 are assumed to be true widths.
The following chart outlines the detailed information relating
to the sampling and analyses of the drill core from diamond drill
hole R-07-09.
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DDH # Sample # From (m) To (m) Width (m) Au g/t % Cu Ag g/t
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R-07-9 685904 10.67 11.80 1.13 0.128 0.392 26.1
----------------------------------------------------------------
R-07-9 685905 11.80 13.72 1.92 1.35 0.505 17.9
----------------------------------------------------------------
R-07-9 685906 13.72 15.24 1.52 9.81 0.545 13.8
----------------------------------------------------------------
R-07-9 685907 15.24 16.76 1.52 29.6 0.359 11.4
----------------------------------------------------------------
R-07-9 685908 16.76 18.29 1.53 4.41 0.522 10.9
----------------------------------------------------------------
R-07-9 685909 18.29 19.81 1.52 2.45 0.607 19
----------------------------------------------------------------
R-07-9 685911 19.81 21.34 1.53 1.77 0.526 14.1
----------------------------------------------------------------
R-07-9 685912 21.34 22.86 1.52 2.28 0.417 15.1
----------------------------------------------------------------
R-07-9 685913 22.86 24.38 1.52 2.95 0.35 9.3
----------------------------------------------------------------
R-07-9 685914 24.38 25.45 1.07 1.83 0.286 8.1
----------------------------------------------------------------
R-07-9 685915 25.45 26.61 1.16 1.995 0.275 3.8
----------------------------------------------------------------
R-07-9 685916 26.61 27.43 0.82 24.2 0.468 7.3
----------------------------------------------------------------
R-07-9 685918 27.43 28.96 1.53 29 0.457 11.4
----------------------------------------------------------------
R-07-9 685919 28.96 30.36 1.40 1.21 0.0997 1.6
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Total/Average 19.69 7.82 0.42 12.45
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----------------------------------------------------------------
R-07-9 685916 26.61 27.43 0.82 24.2 0.468 7.3
----------------------------------------------------------------
R-07-9 685918 27.43 28.96 1.52 29 0.457 11.4
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Total/Average 2.35 27.32 0.46 9.96
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R-07-9 685925 37.03 38.40 1.37 2.61 0.36 10.6
----------------------------------------------------------------
R-07-9 685926 38.40 39.17 0.76 1.32 0.0355 1.3
----------------------------------------------------------------
R-07-9 685927 39.17 41.15 1.98 9.5 0.1625 5.4
----------------------------------------------------------------
R-07-9 685928 41.15 42.67 1.52 0.983 0.22 4.9
----------------------------------------------------------------
R-07-9 685929 42.67 43.28 0.61 1.63 0.088 0.7
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Total/Average 6.25 4.14 0.20 5.46
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R-07-9 685935 67.67 69.34 1.68 6.58 0.74 29.60
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R-07-9 685939 91.44 93.15 1.71 2.45 0.13 1.30
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The NW Zone was the focus of drill testing by Gulf International
Minerals Inc. ("Gulf") between 1987 and 1990. Based on this
drilling, the NW Zone was calculated to contain an NI 43-101
compliant inferred resource of 1,406,000 tonnes at a grade of 4.43
gpt gold, 0.22% copper and 6.4 gpt silver or a gold equivalent
grade (AuEq) of 5.16 gpt (see Press Release dated March 26, 2007).
This equates to in-situ contained metal of 200,000 ounces of gold,
6,790,000 pounds of copper and 291,000 ounces of silver. These
resources are reported at a base case gold equivalent cut-off grade
of 2 gpt.
Hole R-07-1 was drilled at the Ken Zone to test the down-dip
continuity of a zone of gold-copper mineralization encountered in a
number of holes identified as 88-PG-1 through 88-PG-6, drilled in
the late 1980s. The hole was drilled due north with a dip of minus
60 degrees to a total depth of 151.18 metres (496.0 feet). Several
altered, iron oxide-rich zones were intersected in the hole, the
most notable from 49.38m to 50.29m (0.91 metres or 3.0 feet) which
assayed 1.54 grams/tonne gold and 0.382% copper and from 50.90m to
52.43m (1.53metres or 5.0 feet) which averaged 4.48 grams/tonne
gold and 0.62% copper confirming continuity of the gold-copper
mineralization in the earlier drilling at the Ken Zone.
The balance of the 7 short exploratory holes were drilled to
test a number of surface occurrences of gold and copper within the
property. Samples from these holes returned low values in gold and
copper.
All drill core samples submitted by Romios to the laboratory of
ALS Chemex were analyzed for gold, copper and silver by ICP
analyses. Samples with high results from the ICP analyses were
further tested for gold by fire assay and for copper and silver by
Atomic Absorption. From the current drilling at the Newmont Lake
Project, mineralized core intervals from both BTW and NQ diameter
drill core, were split in the field using an electric-powered core
saw and then the samples were hand-delivered to ALS Chemex
Laboratories in Terrace, British Columbia for preparation and then
shipped to Vancouver for analyses. In addition to the laboratory's
quality control program, a rigorous on-site quality assurance and
quality control program was implemented involving the insertion of
blanks, standards and splits.
The Newmont Lake Property is located approximately 30 kilometres
west of the Bob Quinn Airport on the Stewart-Cassiar Highway
(Highway 37) and only 10 kilometres southwest of the access road to
NovaGold/Teck Cominco's Galore Creek Project, which is
substantially complete beyond the Newmont Lake Property.
The management of Romios is very pleased with the results of the
exploration program carried out this past summer at its Newmont
Lake Property, particularly the results of hole R-07-09 drilled in
the vicinity of the NW Zone. The results imply that the NW Zone has
the potential to be much larger than originally thought and as a
result, the Company intends to carry out an aggressive drill
program at the NW Zone during the summer of 2008.
For the purposes of the disclosure in this Press Release, Thomas
Skimming, P.Eng., Vice-President of Exploration and a Director is
the Qualified Person ("QP") in accordance with NI 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc is a Canadian exploration company
which focuses on the acquisition and exploration of precious and
base metal prospects in the vicinity of major mining camps
throughout North America. Currently, Romios is involved in several
major exploration projects in British Columbia, Ontario and Nevada.
Romios has been a public company since 1995 and in addition to
trading on the Toronto Venture Exchange, it trades on the
Over-The-Counter market in the United States (Exemption No.
82-5093, symbol: RMIOF) and on the Frankfurt Stock Exchange in
Germany (symbol: D4R).
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. Shareholders
are cautioned not to put undue reliance on such forward-looking
statements.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Romios Gold Resources Inc. Tom Drivas President and
Director (416) 221-4124 (416) 218-9772 (FAX) Email:
romios@romios.com Romios Gold Resources Inc. Thomas Skimming Vice
President of Exploration and Director (416) 444-0900 (416) 444-0586
(FAX) Email: tmsk8ing@hotmail.com
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