Dallas, Texas (September 12, 2011) – StockGuru Shines its Spotlight on Romios Gold Resources Inc. (TSX VENTURE:RG)(OTCBB:RMIOF)(FRANKFURT:D4R) (“Romios” or the “Company”) provided an update on the diamond drill program on September 9, 2011, carried out on the “72” and Telena Zones on its Dirk Property in the vicinity of Galore Creek in northwestern British Columbia. Dirk is located approximately 37 kilometers southeast of the Galore Creek deposits and adjacent to the Company’s Newmont Lake Property. The Company closed on September 9, 2011, at $0.538, trading in a fifty-two week range of $0.7183 – 0.1067.
Tom Drivas, President of Romios Gold stated: “The drilling on the Dirk Property clearly demonstrates that significant sulphide mineralization is present at various levels from surface to depth. We are eagerly awaiting assays and are hopeful that the results indicate the Dirk Property could host a major, new mineralized porphyry system”.
As previously announced, the mineralization on the Dirk Property consists of veinlets and stringers of bornite, chalcopyrite and trace amounts of digenite within breccias and carbonate rocks that appear to be genetically related to syenitic intrusions similar to those at NovaGold-Teck Resources’ Galore Creek project and Imperial Metals Corporation’s Mount Polley Project in central British Columbia.
High-grade gold and copper mineralization was discovered within breccias at the Dirk property in 2009 during a property-wide reconnaissance program designed to investigate the original historic Dirk showing dating from 1972 and 1973. Samples collected by Romios from this showing, renamed the “72” Zone for clarity, assayed up to 2.6 g/t Au from outcrop, and 6.21% Cu, 0.577 g/t Au, and 44.1 g/t Ag from a 3.0 metre long chip sample.
The mineralization on the Telena Zone, approximately 1.4 kilometres southwest of the “72” Zone, exhibits styles of high-grade copper and gold mineralization within a syenitic dike swarm similar to the dikes observed at the “72” Zone. Copper mineralization occurs as fine, stockworking veinlets within the orthoclase-feldspar syenite dikes. These veins of chalcopyrite range from 1.0 mm to 1.5 cm wide and are exposed along a 40-metre (131.2 feet) high cliff face on the property. Chip sample assays from the 2010 season ranged from 0.01 to 1.96% Cu, and 0.01 to 1.27 g/t Au. Contiguous chip samples collected along a 24-metre (78.74 feet) length of the Telena Zone (16 samples-each sample, one to two metres in length) averaged 0.74% copper and 0.33 g/t gold. Within this zone, a 7.0 metre (22.96 feet) section averaged 2.0% copper and 0.71 g/t gold which in turn, contained two sections, each one metre in length, that assayed 3.55% copper, 1.38 g/t gold, 16.2 g/t silver and 5.69% copper, 2.2 g/t gold, 20.7 g/t silver respectively.
Romios has drilled three diamond drill holes, DRK11-01, -02, and -03 totalling 641 metres (2103 feet) on the “72” Zone, and one diamond drill hole, TEL11-01, for 102 metres (334.65 feet) on the Telena Zone, for a total of 743 metres (2,437.66 feet). These holes targeted the zones of copper, gold and silver mineralization identified by Romios in earlier exploration programs.
DRK11-01 was drilled 278 meters depth (912.07 feet) toward the southeast at the “72” Zone. This hole intersected digenite, bornite, chalcopyrite, and tetrahedrite mineralized veins and cement within breccias of carbonate material adjacent to dikes of megacrystic orthoclase and pseudoleucite porphyry very similar in character to those found at both Galore Creek and Copper Canyon.
DRK11-02, at 207 metres (679.13 feet), and DRK11-03, at 156 metres (511.81 feet), were drilled from the same setup as DRK11-01. DRK11-02 was drilled as a vertical hole and DRK11-03 was drilled toward the northeast. Both holes encountered mineralization within breccias and similar rocks to those from DRK11-01, indicating continuity of the surface mineralization to depth.
TEL11-01 was drilled to 102 metres (334.65 feet) in length at the Telena Zone. This drill hole intersected a significant amount of chalcopyrite veins contained within an orthoclase porphyry intrusion, concentrated along the margins of a late pseudoleucite-bearing orthoclase porphyry dike at approximately 21 metres down the hole. The hole also intersected a recrystallized limestone at depth.
Assay results from the drill core will be released when they have been received and analyzed by the Company.
The technical information contained in this press release has been prepared by Mr. Thomas Skimming, P.Eng., Vice-President, Exploration and a Director of Romios Gold Resources Inc. and a Qualified Person as defined by National Instrument 43-101.
A map showing the location of the drill holes reviewed herein can be found at: http://www.romios.com/s/DirkMaps.asp. For additional information, including maps showing the location of drill holes completed to date during the 2011 drill program, please visit our website at www.romios.com.
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.
Head Office:
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Website: www.romios.com
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.
To view this StockGuru Spotlight, please visit: http://stockguru.com/category/latest-spotlights/
To get free alerts on this and other similar stocks, please register here:
What is the StockGuru Spotlight?
Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.
StockGuru looks for potential break-out candidates in The StockGuru Spotlight. Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage. There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below. StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.
To feature a company in The StockGuru Spotlight please contact the Publisher at [email protected]. If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile. Please contact the StockGuru Publisher John Pentony at this email address: [email protected].
Stockguru.com (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site StockGuru.com. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage. When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present. Additionally SG also discloses any anticipated compensation in the future. Compensation is typically in cash. Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
John Pentony, Publisher, Stockguru.com
Tel: +1 469 252 3031
e-mail: [email protected]