The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
RG: TSX V/RMIOF:NASDAQ OTC/D4R: FE
President and Director: Anastasios (Tom) Drivas
Chief Financial Officer: Errol Farr, CMA
Vice President, Exploration and Geologist: Thomas Skimming, P. Eng.
Romios Gold Resources Inc., organized in 1995 in Ontario, is a Canadian exploration company actively engaged in precious and base metal exploration in British Columbia and Quebec with a primary focus on gold, copper, silver and molybdenum. Romios has acquired nine strategically located gold-copper properties between Nova Gold/Teck Cominco's and Barrick Gold's properties in the prolific Galore Creek area. Exploration work was carried out in 2010 at the Trek, Newmont Lake and the Dirk properties. The company has carried out extensive exploration programs, which have consisted essentially of diamond drilling and various ground geophysical surveys during the past several years.
In August, Romios reported 2010 exploration spending of C$1.9 million on its Trek property.
The program consisted of 1,500 meters of diamond drilling designed to further delineate the pervasive porphyry-style copper and gold mineralization and to assess the significance of the airborne magnetic trends that parallel zones of known copper-gold-silver mineralization outlined by drill programs completed in 2008 and 2009.
Romios also commissioned Quantec Geoscience to carry out a Titan 24 Deep Earth Imaging Geophysical Survey over its North and Tangle zones on the Trek property.
To date, six holes totaling 3,014.35 meters, or 9,889.59 feet, have been completed on the Trek property.
The drilling results indicate a significant extension and widening of the known copper-gold mineralization to the north and east, and it remains open to the south and at depth.
Romios also planned a systematic exploration program for 2010 on the Dirk property designed to include ground geophysical surveys, a soil and rock geochemical survey, detailed geological mapping and surface sampling. The Dirk property consists of three contiguous claims covering 1,202.68 hectares (2,971.78 acres) in the vicinity of the company's Newmont Lake property. Subsequent to the discovery of extensive copper and gold mineralization on the property during the 2009 exploration program, an additional 26 new claims, encompassing an area of about 9,874 hectares (about 24,400 acres), were staked to cover extensions of the high grade copper and gold mineralization.
Cash and short-term deposits: C$1.6 million (at March 31, 2010); plus about C$637,000 (raised in private placements in July and August 2010)
Working capital: C$1.51 million (at March 31, 2010)
Market capitalization: C$17.74 million (Sept. 6, 2010)
25 Adelaide St. East, Suite 1010 Toronto, ON Canada M5C 3A1
Tel: 416-221-4124 Fax: 416-218-9772
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