Dallas, Texas (August 1, 2011) – StockGuru shines its Spotlight on Romios Gold Resources Inc. (TSX VENTURE: RG) (OTCBB: RMIOF)(FRANKFURT: D4R) (“Romios” or the “Company”) with the announcement of the results of a Prefeasibility Study released today by NovaGold Resources Inc. relating to the Galore Creek copper-gold-silver project in northwestern British Columbia. The project is owned equally under a partnership agreement between NovaGold Resources Inc. (NovaGold) and Teck Resources Limited (Teck) and managed by the Galore Creek Mining Corporation. According to NovaGold’s press release, the Prefeasibility Study confirms the technical and economic viability of the Galore Creek project. In addition, the NovaGold press release stated that the partners (NovaGold and Teck) have determined to move forward with an enhanced project plan which is required for permitting and support for a feasibility decision. The Company closed on Friday, July 29, 2011, at $0.50, trading mid-range of its fifty-two week range of $0.7183 – 0.1067.
This development is of particular interest to Romios since the Company’s Trek property is located adjacent to both the Galore Creek project mine site and the proposed mill site. Currently, Romios’ Trek property is the focus of a major exploration program with three diamond drills presently in operation. Systematic surface sampling and geological mapping is also being carried out to follow up a number of anomalies identified in recent ground and airborne geophysical surveys. Additionally, Romios has several other properties in the Galore Creek area, including its Dirk and Newmont Lake properties, upon which exploration activities are in progress.
To date, over 3,300 metres of diamond drilling has been completed and extensive ground and airborne geophysical surveys have been carried out. Analytical results of the drill core will be released as soon as they are available.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across 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 undertaking extensive exploration work on its Galore Creek 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.
|25 Adelaide Street East, Suite 1010|
|Toronto, ON Canada, M5C 3A1|
|Tel: 416-221-4124, Fax: 416 218-9772|
Cautionary Note Regarding Forward-Looking Statements:
This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking 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.
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