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ROMIOS Begins Drilling on a 10 km Long Series of High Potential Targets on Strike From Its Atim Lake North Cu-Au-Ag Discovery in NW Ontario
Toronto, Ontario--(Newsfile Corp. - June 10, 2019) - Romios Gold Resources Inc. (TSXV: RG) ...
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[{"type":"text","content":"ROMIOS Begins Drilling on a 10 km Long Series of High Potential Targets on Strike From Its Atim Lake North Cu-Au-Ag Discovery in NW OntarioToronto, Ontario--(Newsfile Corp. - June 10, 2019) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) (\"Romios\" or the \"Company\") is pleased to announce that diamond drilling has commenced on a 10 km long series of promising electromagnetic (EM) conductors on the Company's Lundmark-Akow Lake Cu-Au-Ag Project in Northwestern Ontario. These conductors are found within a narrow corridor trending northwest from the high-grade Atim Lake North Cu-Au-Ag volcanogenic massive sulphide (VMS) discovered by Romios in 2017 (see Romios News Release September 19, 2017). Romios' discovery hole, RG-17-1 (1.9 m @ 2.35% Cu, 1.4 g/t Au and 68 g/t Ag within a >30 m thick exhalative package), was drilled at the southern end of this 10 km long conductive package. The mineralization is associated with a >100m wide, intense VMS style hydrothermal alteration pathway and Romios believes that this VMS system has the potential to host additional massive sulphide deposits along its length. A first pass program of 8 drill holes totalling 1000 to 1500m is planned for June, to be followed by step-out drilling of any mineralized intercepts. This property is within 18 km of an all-weather road and powerline servicing the Musselwhite gold mine, 18 km to the south.Exploration Resumes on Musselwhite-type Gold TargetsRomios' field crew has now conducted a focussed program of soil sampling and prospecting along selected portions of the 8 km length of the same banded iron formation (BIF) that hosts the > 7 million ounce Musselwhite gold mine. Analytical results are pending. The company intends to drill a number of short holes into any portions of the BIF that return anomalous gold-in-soil values. Given the proximity to road and power and an existing mine and mill complex, it is expected that even a low grade, open-pit deposit will be economic in this area. High Grade Gold in Shear ZonesIn addition to the gold-in-iron formation and massive sulphide targets, Romios Lundmark-Akow Lake claims cover the shear-hosted Spence showing which returned assays up to 38.6 oz/t Au in 1997. Romios' exploration crew has completed first pass soil sampling over the showing and two bounding magnetic lows that flank the mi...