Romios Gold Resources Inc. is actively exploring a number of potentially world-class copper-gold porphyry, copper-gold skarn and VMS deposits in North America that are ideally situated close to existing mines or other infrastructure.
In British Columbia’s “Golden Triangle”, Romios is working hard to advance the development of several Cu-Au-Ag-Zn-(Co) skarns and manto deposits at Newmont Lake as well as copper-gold alkalic porphyries at the Trek and JW Projects. The Trek and JW Cu-Au porphyry prospects are both very close to the giant Galore Creek porphyry project, owned by Teck and Newmont, which is reportedly being advanced to a pre-feasibility study within 2-3 years. Development of this deposit could be very advantageous for the economics of the Trek and JW projects and Romios expects to drill one or both of these prospects in 2019 in order to assess their overall size and grade potential.
The Newmont Lake 2018 exploration program identified considerable down-dip potential at the main skarn prospects (Ken-Glacier-O’Neill) and a related network of newly discovered iron carbonate veins with high-grade Cu-Au mineralization (e.g. 6.0 m @ 2.3% Cu and 7.9 g/t Au). Mapping and sampling in 2018 at the nearby Burgundy Ridge skarn confirmed the presence of variably mineralized skarn over an area ~500 m x 300 m including high-grade portions up to 2.4% Cu, 2.2 g/t Au, 45 g/t Ag, and 6.7% Zn over 6 m. The geological evidence suggests that this skarn may well overly a mineralized source pluton at depth. The Newmont Lake prospects are now under option to Crystal Lake Mining Corp. (CLM) who drilled four short RC holes in one small section of Burgundy Ridge in the Fall of 2018. These holes returned assays up 0.26% Cu, 5 g/t Ag and 0.09 g/t Au over 45 m as well as numerous higher-grade intervals over shorter lengths. CLM is planning a major program of deep diamond drilling to locate higher grade skarn zones as well as the postulated source mineralized pluton beneath this skarn cap at Burgundy Ridge. Deep drilling is also planned on the Ken-Glacier skarns in 2019 to test the core of these extensive systems.
On the Lundmark-Akow Lake Cu-Au-Ag project in Northwestern Ontario, Romios discovered the first Volcanogenic Massive Sulphide (VMS) occurrence in this area in the single hole drilled in 2017. This VMS carries significant grades: 2.35% Cu, 1.4 g/t Au and 68.2 g/t Ag. Analysis of ground and airborne geophysical data reveals that this discovery is on the end of an 8-9 km long series of untested EM conductors that could reflect similar mineralization. Drilling of these conductors is planned for the summer of 2019. These claims also host 8 km of the same banded iron formation that hosts the >6 million ounce Musselwhite gold mine ~18 km to the south. Exploration of this target is planned in 2019.
Romios also owns the former Scossa high-grade gold mine in Nevada and the La Corne molybdenum mine in Quebec. Attempts are ongoing to un-lock the potential of all of Romios’ properties through joint venture and/or strategic partnerships.
To learn more about Romios Gold Resources Inc., please contact:
Tom Drivas, President and CEO