|By Marketwired .||
|February 19, 2014 10:52 AM EST||
TORONTO, ONTARIO -- (Marketwired) -- 02/19/14 -- Romios Gold Resources Inc. ("Romios") (TSX VENTURE: RG)(PINKSHEETS: RMIOF)(FRANKFURT: D4R) is pleased to announce that an exploration permit (PR-13-10449) has been issued to Romios by the Mineral Development and Lands Branch of the Ministry of Northern Development and Mines. In conjunction with the issuance of the exploration permit, Romios signed a binding Letter of Intent ("LOI") with the North Caribou Lake First Nation ("NCLFN"), which is broadly defined as the Community of Weagamow Lake, Chief and Council, Trappers and the Traditional Territory.
The exploration permit (the "Permit") is subject to the requirements of the Mining Act of Ontario and all applicable Provincial Standards for early exploration and is effective for a period of three (3) years with options to renew. The Permit is specific to Romios' claims in the vicinity of Akow Lake in the North Caribou Lake area, which has been the subject of ongoing discussions with the NCLFN for some time.
Romios looks forward to developing the positive relationship with the NCLFN in accordance with the LOI, which recognizes the need for both parties to benefit and coexist through a process of mutual respect, ongoing dialogue and regular interaction in order to realize the objectives of both Romios and the NCLFN. Based on the LOI, both parties will work towards completing a Memorandum of Understanding, which will govern the relationship of both parties during the early exploration phase on the Lundmark-Akow Lake property.
The exploration permit and the LOI will allow Romios to resume exploration on its Lundmark-Akow Lake property, located within the North Caribou Lake greenstone belt in the Patricia Mining Division in northwestern Ontario. Earlier exploration carried out by Romios identified indications of widespread gold mineralization associated with banded iron formations ("BIFs") analogous to those hosting the Musselwhite gold deposits approximately 18 km to the southeast and with a highly siliceous deformation zone adjacent to the BIFs. In addition, an extensive zone of stringer-type copper mineralization, believed to reflect a more massive copper sulphide occurrence at depth, was discovered by Romios.
Five holes were drilled to test the copper zone during the winter of 1998-1999 by Romios. All five drill holes (holes RGRI-99-1 to RGRI-99-5) intersected wide zones of potentially significant copper and gold mineralization over a strike length of more than 1,000 metres (3,280 feet). Geophysical evidence suggests that the zone is much more extensive than that tested by the diamond drilling. Rather than assay the entire width of the stringer-type copper mineralization in each hole, a number of samples were collected throughout the zone to determine roughly the tenor of the copper and gold contained within the mineralized zone.
One of the more notable holes (hole RGRI-99-3) intersected 94.0 metres (308 feet) of the stringer-type copper mineralization. A total of 25 samples collected over 12.21 metres (40.05 feet) within the mineralized zone assayed a weighted average of 0.39% copper. Highly anomalous gold values were encountered over 96.32 metres (316.0 feet) within this zone. A total of 22 samples over 11.30 metres (37.07 feet) averaged 0.36 gpt in gold. Similar copper and gold grades over comparable widths were encountered in the other 4 holes. (Press Release dated March 31, 1999).
In the most southerly exposed portion of the gold-bearing deformation zone, 14 grab and channel samples collected from an outcrop area assayed from a low of 12.26 gpt (0.358 oz/ton) to a high of 1,323.81 gpt (38.612 oz/ton) of gold. The arithmetic average of the 14 samples was 402.85 gpt (11.75 oz/ton) of gold. (Press Release dated November 24, 1997).
Prior to further diamond drilling on the property, Romios plans to conduct an airborne deep penetrating, geophysical survey in the vicinity of the known copper mineralization in order to determine locations for a number of drill holes to evaluate the significance of the stringer-type copper mineralization encountered in earlier drill programs.
The Management of Romios would like to express its sincere appreciation and gratitude to the Ministry of Northern Development and Mines for its understanding and patience in granting exclusions of time for assessment work requirements during the discussions with the North Caribou Lake First Nation.
This press release was approved by Thomas Skimming, P.Eng, Vice-President of Exploration and a Director of Romios and a Qualified Person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios is a progressive Canadian mineral exploration company established in 1995 and is actively engaged in precious and base metal exploration in 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 and is currently exploring its Golden Triangle 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.
This News Release contains forward-looking statements which are typically preceded by, followed by or including 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.
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.
Romios Gold Resources Inc.
President and Director
Romios Gold Resources Inc.
Thomas Skimming, P.Eng.
Vice-President and Director
Romios Gold Resources Inc.
Frank van de Water
Chief Operating Officer and Director
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Oct. 27, 2016 04:30 PM EDT Reads: 1,333
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
Oct. 27, 2016 04:30 PM EDT Reads: 386
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Oct. 27, 2016 04:15 PM EDT Reads: 3,261
Governments around the world are adopting Safe Harbor privacy provisions to protect customer data from leaving sovereign territories. Increasingly, global companies are required to create new instances of their server clusters in multiple countries to keep abreast of these new Safe Harbor laws. Is it worth it? In his session at 19th Cloud Expo, Adam Rogers, Managing Director of Anexia, Inc., will discuss how to keep your data legal and still stay in business.
Oct. 27, 2016 04:15 PM EDT Reads: 1,543
In his session at 19th Cloud Expo, Nick Son, Vice President of Cyber Risk & Public Sector at Coalfire, will discuss the latest information on the FedRAMP Program. Topics will cover: FedRAMP Readiness Assessment Report (RAR). This new process is designed to streamline and accelerate the FedRAMP process from the traditional timeline by initially focusing on technical capability instead of documentation preparedness. FedRAMP for High-impact level systems. Early in 2016 FedRAMP officially publishe...
Oct. 27, 2016 04:00 PM EDT Reads: 594
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
Oct. 27, 2016 03:15 PM EDT Reads: 539
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Oct. 27, 2016 02:30 PM EDT Reads: 590
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Oct. 27, 2016 02:17 PM EDT Reads: 217
As companies adopt the cloud-to-streamline workflow, deployment hasn’t been very seamless because of IT concerns surrounding security risks. The cloud offers many benefits, but protecting and securing information can be tricky across multiple cloud providers and remains IT’s overall responsibility. In his session at 19th Cloud Expo, Simon Bain, CEO of SearchYourCloud, will address security compliance issues associated with cloud applications and how document-level encryption is critical for sup...
Oct. 27, 2016 01:48 PM EDT Reads: 267
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
Oct. 27, 2016 01:45 PM EDT Reads: 1,595
SYS-CON Events announced today that Cemware will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Oct. 27, 2016 01:45 PM EDT Reads: 990
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Oct. 27, 2016 01:45 PM EDT Reads: 1,147
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Oct. 27, 2016 01:45 PM EDT Reads: 3,994
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Oct. 27, 2016 01:30 PM EDT Reads: 2,271
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Oct. 27, 2016 01:15 PM EDT Reads: 5,082