Romios Appoints Geotech Ltd. to Fly a VTEM(R) plus Airborne Geophysical Survey Over Its Lundmark-Akow Lakes Claims in Northwe...
March 20 2014 - 8:55AM
Marketwired Canada
Romios Gold Resources Inc. ("Romios") (TSX
VENTURE:RG)(PINKSHEETS:RMIOF)(FRANKFURT:D4R) is pleased to announce that it has
contracted Geotech Ltd. to fly a 262 line kilometre VTEM(R) plus time-domain
system electromagnetic and magnetic survey over its Lundmark-Akow Lakes claims
located just north of Goldcorp's Musselwhite Mine, within the North Caribou Lake
greenstone belt in the Patricia Mining Division, northwestern Ontario.
Geotech's proprietary VTEM(R) plus is the leading time-domain electromagnetic
system in the world. The coincident, vertical dipole transmitter-receiver
configuration provides a symmetric system response. Any asymmetry in the
measured EM profile is due to the conductor dip, not the system or direction of
flying. This allows for easy identification of the conductor location and for
interpretation of the EM data. Geotech represents that the low noise receiver,
plus the high power transmitter yields a low noise system that has the best
signal-to-noise ratio of any airborne survey system available commercially.
The planned VTEM(R) plus airborne survey will be carried out over the area where
earlier exploration programs carried out by Romios identified indications of
widespread gold mineralization associated with banded iron formations, a
deformation zone and an extensive zone of stringer-type copper mineralization,
believed to reflect a more massive copper sulphide occurrence at depth.
As previously reported, five holes were drilled by Romios to test the copper
zone during the winter of 1998-1999. 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).
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).
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 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Romios Gold Resources Inc.
Tom Drivas
President and Director
416-221-4124
416-218-9772 (FAX)
romios@romios.com
Romios Gold Resources Inc.
Thomas Skimming, P.Eng.
Vice-President, Exploration and Director
(416) 444-0900
tmsk8ing@hotmail.com
Romios Gold Resources Inc.
Frank van de Water
Chief Operating Officer and Director
(416) 221-4124
fvandewater@on.aibn.com
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