Romios Announces Start of New Drilling at its La Corne Molybdenum Property in Northwestern Quebec
November 18 2010 - 8:00AM
Marketwired
The management of Romios Gold Resources Inc. (TSX VENTURE:
RG)(OTCBB: RMIOF)(FRANKFURT: D4R) is pleased to announce a new
drill program at its La Corne molybdenum property in northwestern
Quebec, planned to commence on November 25, 2010.
The property is located approximately 30 kms from Val d'Or,
Quebec and is the site of the former La Corne molybdenum mine
which, according to previous operators, is reported to have
produced 3,838,844 tons of ore at a head grade of 0.33% MoS2 and
0.040% bismuth from underground workings prior to its closure in
1972.
In a press release dated October 15th, 2009, Romios summarized
the results of its 2008 diamond drill program on the La Corne
molybdenum property after giving effect to the re-assaying of the
drill core using the "four acid" method to more effectively digest
all of the molybdenum contained in the higher grade samples. All
nineteen holes totalling 5,738 metres (18,825 feet) in length
intersected long intervals of molybdenum, bismuth, silver and
lithium mineralization. The most notable intersection was
encountered in hole RQ-08-15 which intersected 168.30 metres
(552.16 feet) grading 0.0850% MoS2, 0.0064% bismuth, 0.120 g/t
silver and 0.012% lithium.
Romios intends to drill five drill holes as part of a program to
evaluate the potential of a mineral deposit on the La Corne
property that may be amenable to a lower cost, open pit method of
mining. The Company has retained Geologica Inc. of Val d'Or to
supervise the drilling which will be conducted by Orbit Drilling
Ltd.
This press release was prepared by Mr. Mel de Quadros, P. Eng.,
Geologist, Director of Romios Gold Resources Inc. and a qualified
person as defined by National Instrument 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.
Exchange Listings and Symbols: (TSX VENTURE: RG)(OTCBB:
RMIOF)(FRANKFURT: D4R)
Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Website: www.romios.com
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts 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) romios@romios.com Romios
Gold Resources Inc. Mel de Quadros, Ph.D., P.Eng. Director
416-668-6145 fortyholwood@rogers.com Romios Gold Resources Inc.
Michael D'Amico Investor Relations 647-500-6023
Michael@baystreetconnect.com www.romios.com
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