Click here to close now.


News Feed Item

Romios Announces 2014 Summer Exploration Program on Its Newmont Lake Property in Northwestern BC

TORONTO, ONTARIO -- (Marketwired) -- 06/26/14 -- Romios Gold Resources Inc. (TSX VENTURE: RG) (PINKSHEETS: RMIOF) (FRANKFURT: D4R) ("Romios" or the "Company") today announced that it is planning to conduct a mapping and sampling program and to carry out an evaluation of various showings and mineralized occurrences at the Newmont Lake Property. Newmont Lake is 30 km northwest of Barrick Gold's Eskay Creek gold mine.

The focus of the 2014 program will be to follow up on the work completed to-date and new information obtained from the September 2013 airborne ZTEM and magnetic geophysical survey carried out by Geotech Ltd (see news release dated April 16, 2014).

The exploration program, expected to take three weeks to complete, will include a four-man team of geologists and geo-technicians that are well-experienced in this northwestern portion of the Stikine Terrane.

At the Burgundy Ridge Discovery in the Newmont Lake area, the 2013 assays averaged 0.47% copper, 0.27g/t gold and 3.77 g/t silver for 100 rock chip and rock samples over an area of 300 by 225 metres (see news release dated October 7, 2013). Channel sample lines will be taken across the anomalous zone in order to gain a better understanding as to the nature and distribution of the precious and base metal mineralization. During the 2013 program, crews collected a number of grab samples that yielded exceptionally high copper values associated with significant gold-silver mineralization. The two most notable samples collected assayed 21.9 % Cu, 7.38 g/t Au, 51.1 g/t Ag and 26.6% Cu, 1.48 g/t Au, 128 g/t Ag respectively. The on-strike mineralized occurrences of the Telena and '72 Zones will also be examined as part of the Burgundy Ridge evaluation and the possible extension of these zones to the north and south will be tested.

Work on the Northwest Zone (which currently has an Inferred Resource of 1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu and 6.4 gpt Ag or a gold equivalent grade (AuEq) of 5.16 gpt (see news release dated March 27, 2007) will include the re-examination of the more significant diamond drill core intercepts to gain a greater understanding of the nature and the structural control of the gold-silver mineralization encountered in earlier drilling on the property. The possible extension to these zones will be examined and structural interpretations will be made in order to identify further drill targets. Several of the genetic and structurally related satellite gold-silver-copper occurrences will also be re-examined in the field.

Geotech Ltd. reported that the airborne ZTEM (Z-Axis Tipper Electromagnetic) and Aeromagnetic surveys readily identified the known copper-gold-silver occurrences on which Romios has been conducting exploration programs during the last several years. In addition, the Geotech geophysical surveys defined at least seventeen discrete magnetic anomalies of which nine appear to be unexplained geologically and also defined at least fourteen favourable resistivity signatures that appear to relate to bedrock geology on the property. More than eleven of the prominent resistivity highs that were identified in the ZTEM survey partially coincide with the seventeen airborne magnetic anomalies that were outlined in the airborne magnetic survey. These areas will be prospected and sampled as they may present potential targets for porphyry-type mineralization.

This press release was reviewed and 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 Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, 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 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.
Tom Drivas
President and Director
416-218-9772 (FAX)
[email protected]

Romios Gold Resources Inc.
Thomas Skimming, P.Eng.
Vice-President, Exploration and Director
[email protected]

Romios Gold Resources Inc.
Frank van de Water
Chief Operating Officer and Director
(416) 221-4124
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
Two weeks ago (November 3-5), I attended the Cloud Expo Silicon Valley as a speaker, where I presented on the security and privacy due diligence requirements for cloud solutions. Cloud security is a topical issue for every CIO, CISO, and technology buyer. Decision-makers are always looking for insights on how to mitigate the security risks of implementing and using cloud solutions. Based on the presentation topics covered at the conference, as well as the general discussions heard between sessi...
The Internet of Everything is re-shaping technology trends–moving away from “request/response” architecture to an “always-on” Streaming Web where data is in constant motion and secure, reliable communication is an absolute necessity. As more and more THINGS go online, the challenges that developers will need to address will only increase exponentially. In his session at @ThingsExpo, Todd Greene, Founder & CEO of PubNub, exploreed the current state of IoT connectivity and review key trends and t...
Actifio is powering new application development and testing services from Net3 Technologies (N3T), a managed cloud services provider. N3T's new Symmetry DevOps™ service builds on its existing Palmetto Virtual Data Center (PvDC) Cloud services for data backup and disaster recovery (DR) based on the Actifio Copy Data Virtualization platform. Previously, N3T's data protection and DR services were challenged by overlapping and inefficient legacy hardware and software platforms from multiple vendo...
The cloud. Like a comic book superhero, there seems to be no problem it can’t fix or cost it can’t slash. Yet making the transition is not always easy and production environments are still largely on premise. Taking some practical and sensible steps to reduce risk can also help provide a basis for a successful cloud transition. A plethora of surveys from the likes of IDG and Gartner show that more than 70 percent of enterprises have deployed at least one or more cloud application or workload. Y...
Most of the IoT Gateway scenarios involve collecting data from machines/processing and pushing data upstream to cloud for further analytics. The gateway hardware varies from Raspberry Pi to Industrial PCs. The document states the process of allowing deploying polyglot data pipelining software with the clear notion of supporting immutability. In his session at @ThingsExpo, Shashank Jain, a development architect for SAP Labs, discussed the objective, which is to automate the IoT deployment proces...
Countless business models have spawned from the IaaS industry – resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his general session at 17th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, an IBM Company, broke down what we have to work with, discussed the benefits and pitfalls and how we can best use them ...
In demand-intensive mobile and web applications, an emerging pattern is to host the Systems of Engagement in the cloud (for maximum responsiveness) but keep the Systems of Record with the other important business systems in the company datacenter, often on a tightly secured mainframe. But what about the space in between? In this IBM Redpaper publication, we show that the IBM Bluemix cloud platform offers technologies that make it easy for cloud-based SoEs to securely connect to on-premises IBM...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...