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
Romios Appoints Geotech Ltd. to Fly a VTEM(R) plus Airborne
Geophysical Survey Over Its Lundmark-Akow Lakes Claims in
Northwestern Ontario
TORONTO, ONTARIO--(Marketwired - Mar 20, 2014) - 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® 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® 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® 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.
Romios Gold Resources Inc.Tom DrivasPresident and
Director416-221-4124416-218-9772romios@romios.comRomios Gold
Resources Inc.Thomas Skimming, P.Eng.Vice-President, Exploration
and Director(416) 444-0900tmsk8ing@hotmail.comRomios Gold Resources
Inc.Frank van de WaterChief Operating Officer and Director(416)
221-4124fvandewater@on.aibn.com
Romios Gold Resources (TSXV:RG)
Historical Stock Chart
From Nov 2024 to Dec 2024
Romios Gold Resources (TSXV:RG)
Historical Stock Chart
From Dec 2023 to Dec 2024