Romios Gold samples up to 72.6 g/t Au at North West

Jan 18, 2023

2023-01-17 12:06 ET – News Release

Mr. Stephen Burega reports

ROMIOS GOLD DISCOVERS HIGH-GRADE GOLD VEINS ASSAYING UP TO 72.6 G/T AU ON THE NORTH WEST CLAIMS PROJECT, GOLDEN TRIANGLE, B.C.

Romios Gold Resources Inc. has discovered a series of high-grade gold veins, assaying from 12.65 grams per tonne (g/t) gold (Au) to 72.6 g/t Au in four of five samples, on its North West claim block in the Golden Triangle of northwest British Columbia. The veins appear to be controlled by a well-developed set of northwest-southeast trending faults.

John Biczok, PGeo, Romios Gold’s vice-president of exploration, commented, “Romios’s brief 2022 exploration program on the North West claims resulted in not only the highest-grade gold assays ever found on the property, but also the identification of a set of probable control structures up to one kilometre long that now provides an exciting focus for our future exploration work.”

Highlights:

Four high-grade gold veins returned four assays between 12.65 grams per tonne (g/t) and 72.6 g/t gold (Au).
A fifth assay of 1.23 g/t Au came from a chip sample less than two metres from a historic assay of 16.5 g/t Au and four m from the 12.65 g/t Au result, indicating that there may be a nuggety distribution of gold in some veins.
The mineralized veins are distributed along a more than 500 m long trend on Romios Gold’s North West claim block.
These results are from chip samples across vein widths of 10 centimetres to 60 cm, within fault zones from one m to more than eight m wide (see the table entitled “Descriptions of the highest-grade auriferous vein samples”).
Anomalous gold levels of 0.14 g/t to 0.45 g/t Au were detected in five additional veins, as well as a quartz-flooded, pyritic patch in the host granodiorite that also assayed 0.57 per cent copper (Cu).
The largest and most mineralized veins tend to be aligned in a northwest-southeast direction, parallel to a nearby prominent series of unexplored lineaments/fault structures up to one km long that are visible in recent satellite imagery.
The host granitic rocks are part of the Texas Creek plutonic suite, the same series of intrusions associated with multiple past producers and major deposits in the Golden Triangle, including Silbak Premier, Scottie Gold, KSM, SNIP et cetera.

“The broad extent of the high-grade gold veins discovered this year is very encouraging,” stated Romios Gold’s chief executive officer and president, Stephen Burega. “Even though some of these high-grade veins are narrow where exposed, the fact that they are spread out along a more-than-500-metre trend that is parallel to some very prominent fault lineaments nearby provides a realistic opportunity to find larger, more extensive veins in those major structures. The discovery on the North West claims is just one of the encouraging set of recent results from Romios’s pipeline of grassroots to advanced projects in this highly endowed portion of the Golden Triangle,” Mr. Burega continued.

Background information

The area between the exposed mineralized veins is covered with a veneer of glacial till from a rapidly receding glacier. It is currently unknown if the high-grade veins sampled in 2022 are connected along a single structure, however, they are aligned in the same orientation as a prominent set of northwest-southeast lineaments beginning in the extensive outcrops about 200 m to the southwest. This set of potential controlling structures has not been specifically targeted in past years and now forms a high-priority target for future exploration.

In 2021, Romios discovered three mineralized quartz-plus-pyrite veins assaying 5.28 g/t to 8.9 g/t Au in outcrop and boulders located 1.1 km to the south-southwest of the high-grade samples reported herein (see Romios news release Oct. 27, 2021) and, in 2010, another Romios crew located more modest mineralization 670 m to the southwest in a quartz vein that assayed 1.65 g/t Au, 19 g/t silver (Ag) and 0.19 per cent Cu. This crew also located the original high-grade sample (16.5 g/t Au) that was followed-up in 2022 and resulted in the high-grade discoveries reported in this news release.

These recent gold discoveries on Romios Gold’s North West claims block are within 4.4 km of the partially cleared road route to Teck and Newmont’s enormous Galore Creek Cu-Au-Ag porphyry deposit(s), which is now in the final stages of a prefeasibility study. They are also just four km east of the Stikine River, which was a major barge route between the seaport of Wrangell, Alaska, and the community of Telegraph Creek in the past.

For more information, please visit Romios Gold’s website.

Quality assurance/quality control

The samples discussed in this document were grab and chip samples considered representative of the outcrops and mineralization being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd. laboratories in Terrace and Vancouver, B.C., for gold assay and multielement analyses. As a matter of procedure, a rigorous QA/QC program was implemented to ensure reliable assay results by inserting alternating blanks and commercial assay standards at every 10th position in the sample series.

Qualified person

The technical information in this news release has been reviewed and approved by Mr. Biczok, PGeo, vice-president of exploration for Romios Gold, and a qualified person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in Northwest Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources is a progressive Canadian mineral exploration company engaged in precious and base metal exploration, focused primarily on gold, copper and silver. It has a 100-per-cent interest in the Lundmark-Akow Lake Au-Cu property plus four additional claim blocks in Northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the Golden Triangle of British Columbia. Additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings and two former producers: the Scossa mine property (Nevada), which is a former high-grade gold producer, and the La Corne molybdenum mine property (Quebec). The company retains a continuing interest in several properties, including: a 20-per-cent carried interest in five of Honey Badger Mining’s claim blocks in the Thunder Bay silver district of Northwestern Ontario; a 2-per-cent NSR (net smelter return) on McEwen Mining’s Hislop gold property in Ontario; a 2-per-cent NSR on Enduro Metals’ Newmont Lake Au-Cu-Ag property in B.C.; and the company has signed a definitive agreement with Copperhead Resources Inc. whereby Copperhead can acquire a 75-per-cent ownership interest in Romios’ Red Line property in B.C.

We seek Safe Harbor.

https://romios.com/