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Romios Announces NI 43-101 Technical Report for Its Lundmark-Akow Lake Property
Toronto, Ontario--(Newsfile Corp. - November 1, 2017) - Romios Gold Resources Inc. (TSXV: R...
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[{"type":"text","content":"Romios Announces NI 43-101 Technical Report for Its Lundmark-Akow Lake PropertyToronto, Ontario--(Newsfile Corp. - November 1, 2017) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) (WKN: A0JDZF) (\"Romios\" or the \"Company\") is pleased to announce the completion of a National Instrument 43-101 — Standards of Disclosure for Mineral Projects (\"NI 43-101\") technical report (the \"Technical Report\") on its Lundmark-Akow Lake Property. The Technical Report has been filed on SEDAR.The Technical Report, titled \"Report on the 2016 — 17 Diamond Drilling Program at the Lundmark-Akow Lake Property of Romios Gold Resources Inc., Patricia Mining Division, Northwestern Ontario\" was authored by John L. Biczok, P.Geo., a qualified person as defined by NI 43-101.Highlights:The single drill hole completed in 2017 (RGR-17-1) discovered a massive sulphide horizon at Atim Lake North at a depth of ~200 m below surface. Assay results from this horizon are tabulated below (see News Release dated September 19, 2017). The mineralized horizon is open along strike and both up and down dip.DDH #From(m)To(m)Drilled WidthEstimated True WidthCopper %Gold g/tSilver g/tRGR-17-1299.2301.11.9 m1.4 m2.35%1.468.2 The massive sulphide horizon is reflected by a >200m long VTEM conductor and at least one additional conductor 6-700m long occurs along strike from the discovery hole. Results of the 2016 drill program which targeted the1.5 km long \"Romios Copper-(Gold) Zone\" led to a revised model for this zone which is now interpreted to be a \"lower semi-conformable alteration zone\" such as those found beneath many Volcanogenic Massive Sulphide (VMS) deposits. Such alteration zones served as the pathway for mineralizing hydrothermal fluids which may have vented massive sulphides nearby. The geological evidence in one hole suggests that there may be another vent site nearby, in addition to the discovery zone at Atim Lake North.A $982,700 follow-up program of ground geophysical surveys and diamond drilling of the Atim Lake North massive sulphide zone and a number of nearby EM conductors is recommended. Romios' Lundmark-Akow Lake property also covers ~8 km of the same banded iron formation (BIF) that hosts Goldcorp's Musselwhite gold mine ~18km to the south. A 4 km long interval of this BIF remains unexplored. A $448,140 ...