Monday 27 June 2011

Gold Resources






ENORMOUS EXPLORATION POTENTIAL IN THE GOLDEN TRIANGLE OF BRITISH COLUMBIA
Business Summary
Romios Gold Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of precious and base metal prospects.
The Company's Business Plan is to create shareholder value and reduce exploration risk by acquiring projects with a high discovery potential or a known resource with significant expansion potential and located in major mining districts. The execution of this plan has led to the systematic acquisition of nine strategically located gold- copper properties between Nova Gold/Teck Cominco's and Barrick Gold's properties in the prolific Galore Creek area.
The company has completed drilling programs, geophysical surveys, mapping, soil geochemical and metallurgical work on the Newmont Lake property to further expand the known resource.
The Newmont Lake property has an NI 43-101 Inferred resource of 200,000 ounces of gold at 4.3 g/t ton, 6,790,000 lbs of copper at 0.22% and 291,000 ozs. of silver at 6.4 g/t. In 2008, the company carried out an aggressive $4.3 million exploration program at its Newmont Lake and Trek properties and also added 7,289 hectares to its extensive land position in the Galore Creek area. The drilling program at the Trek property led to the discovery of high grade gold- copper breccias and wider zones of porphyry style mineralization.
The company also holds gold exploration properties in Ontario and Nevada and a molybdenum property in Quebec.
Galore Creek
Northwestern British Columbia hosts two of Canada's most significant mineral deposits: Barrick Gold's Eskay Creek Mine and NovaGold/Teck Resources' massive copper-gold-silver Galore Creek Project.
In 2006, NovaGold announced resources of 7.4 million ounces of gold, 117.1 million ounces of silver and 8.5 billion pounds of copper. All mineralized zones remain open to further expansion.
Since late 2004, Romios Gold Resources Inc. has systematically acquired an extensive land position between NovaGold/Teck Resources' and Barrick Gold's properties.
Regional geologic maps published by the BC Ministry of Energy & Mines and property-wide exploration suggests the underlying rocks and mineralization to many of Romios' mineral tenures may be closely related the porphyry copper-gold-silver deposits at NovaGold/Teck Resources' Galore Creek Project. Romios' mineral tenures contain many exposures of surface mineralization; continued exploration and development of the mineral potential on these lands has led to the discovery of several mineralized zones and a substantial rise in asset value.
Romios' Project in the Galore Creek Area consists of 10 properties including options for a total of 25,826 hectares. Our most advanced properties include Trek, Dirk, Newmont Lake, JW and Royce/Porc properties.

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