Romios Gold Resources begins drilling at Lundmark-Akow
2019-06-10 09:54 ET – News Release
Mr. Tom Drivas reports
ROMIOS BEGINS DRILLING ON A 10 KM LONG SERIES OF HIGH POTENTIAL TARGETS ON STRIKE FROM ITS ATIM LAKE NORTH CU-AU-AG DISCOVERY IN NW ONTARIO
Romios Gold Resources Inc. has begun diamond drilling on a 10-kilometre-long series of promising electromagnetic (EM) conductors on the company’s Lundmark-Akow Lake copper-gold-silver project in Northwestern Ontario. These conductors are found within a narrow corridor trending northwest from the high-grade Atim Lake North copper-gold-silver volcanogenic massive sulphide (VMS) discovered by Romios in 2017 (see Romios news release dated Sept. 19, 2017). Romios’s discovery hole, RG-17-1 (1.9 metres at 2.35 per cent copper, 1.4 grams per tonne (g/t) gold and 68 g/t silver within an over-30-metre-thick exhalative package), was drilled at the southern end of this 10-kilometre-long conductive package. The mineralization is associated with an over-100-metre-wide, intense VMS-style hydrothermal alteration pathway and Romios believes that this VMS system has the potential to host additional massive sulphide deposits along its length. A first-pass program of eight drill holes totalling 1,000 metres to 1,500 metres is planned for June, to be followed by stepout drilling of any mineralized intercepts. This property is within 18 kilometres of an all-weather road and powerline servicing the Musselwhite gold mine, 18 kilometres to the south.
Exploration resumes on Musselwhite-type gold targets
Romios’s field crew has now conducted a focused program of soil sampling and prospecting along selected portions of the eight-kilometre length of the same banded iron formation (BIF) that hosts the over-seven-million-ounce Musselwhite gold mine. Analytical results are pending. The company intends to drill a number of short holes into any portions of the BIF that return anomalous gold-in-soil values. Given the proximity to road and power and an existing mine and mill complex, it is expected that even a low-grade, open-pit deposit will be economic in this area.
High-grade gold in shear zones
In addition to the gold-in-iron formation and massive sulphide targets, Romios Lundmark-Akow Lake claims cover the shear-hosted Spence showing which returned assays up to 38.6 ounces per ton (oz/t) gold in 1997. Romios’s exploration crew has completed first-pass soil sampling over the showing and two bounding magnetic lows that flank the mineralized area. Detailed work is continuing in an effort to determine the size potential of this high-grade gold prospect.
The technical information in this news release has been reviewed and approved by John Biczok, professional geoscientist, vice-president of exploration for Romios and a qualified person as defined by National Instrument 43-101. Mr. Biczok worked at Musselwhite for 12 years as the senior exploration and research geologist and is heading up the summer 2019 exploration program.
About Romios Gold Resources Inc.
Romios, a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration, primarily focused on gold, silver and copper. It has extensive claim holdings covering porphyry copper-gold prospects in the Golden Triangle of British Columbia, as well as a 100-per-cent interest in the Lundmark-Akow Lake property in Ontario, the LaCorne molybdenum property in Quebec and the Scossa gold property in Nevada. The company also retains a 2-per-cent net smelter return on the Hislop gold property in Ontario.
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