Romios Completes Airborne Magnetic and VTEM Survey over 6 KM of Conductors on Strike from Its Lundmark-Akow Lake VMS Discovery in NW Ontario
Toronto, Ontario--(Newsfile Corp. - March 4, 2019) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that Geotech Ltd. has completed an airborne magnetic and VTEMTM Terrain Time Domain electromagnetic survey over approximately 6 km of conductors along strike from the Cu-Au-Ag-(Co) massive sulphide (VMS) horizon discovered in 2017 at Atim Lake North, part of Romios' Lundmark-Akow Lake project. The discovery hole intersected 1.9 metres grading 2.35% Cu, 1.4 g/t Au, 68 g/t Ag with elevated cobalt values (Romios news release, September 19, 2017). Since the discovery hole, Romios has acquired additional claims covering 6 kilometres of EM conductors originally detected by a 1985 Ontario government survey. Romios' claims now cover a total of 10 kilometres of EM conductors extending northwest from the discovery hole. Results of the VTEMTM survey are expected to provide a much improved definition of the conductors on the new claims, allowing a more precise siting of drill holes targeting these conductors.
The results of the airborne geophysical survey will be released once the data have been processed and interpreted. Romios expects to undertake diamond drilling of the most promising targets commencing in the summer of 2019.
The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Vice-President, Exploration and a Qualified Person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper on its properties in the Golden Triangle area, Northwestern British Columbia. In addition to the properties in the Golden Triangle area, Romios holds a 100% interest in the Lundmark-Akow Lake property in Ontario, the LaCorne Property in Quebec and the Scossa Property in Nevada. It also holds a 2% NSR on the Hislop property in Ontario.
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:
Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email) [email protected].
John Biczok, P.Geo., Vice-President, Exploration, (tel) 613-410-7877 or (email) [email protected]
Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) [email protected].
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/43201
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