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Romios Commences Exploration on Its Newmont Lake Property and Acquires 100% Interest in the Royce/Porc & JW Properties
Toronto, Ontario--(Newsfile Corp. - July 20, 2018) - Romios Gold Resources Inc. (TSXV: RG) ...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Commences Exploration on Its Newmont Lake Property and Acquires 100% Interest in the Royce/Porc & JW PropertiesToronto, Ontario--(Newsfile Corp. - July 20, 2018) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE:  D4R) (\"Romios\" or the \"Company\")  is pleased to announce that Romios' exploration team has recently mobilized to the Newmont Lake property to assess the geophysical targets described in the July 10, 2018 news release as well as conducting detailed mapping of the Northwest Zone extension, the extensive mineralization discovered in recent years at Burgundy Ridge, and a number of other targets. If results are encouraging diamond drilling may be undertaken in August-September. Romios has now acquired a 100% interest in the Royce Claim and the Porc Claim (the \"Royce/Porc Property\") and the JW Property in the Golden Triangle, previously subject to the terms of two separate option agreements (the \"Prior Option Agreements\") between the Company and the Galore Creek Staking Syndicate 2003 (the \"Vendor\") in consideration for the termination of the Prior Option Agreements and the issuance of 500,000 common shares of the Company to the Vendor and the granting of a 1% net smelter returns royalty (\"NSR\") in favour of the Vendor in respect of each of the claims. The Company has the right to buy a 0.5% net smelter returns royalty, in respect of each of the claims, for the payment of $500,000 and has a right of first refusal on the remaining 0.5% NSR. The securities issued are subject to a hold period expiring on November 14, 2018. The Royce/Porc Property is located within the Galore Creek Project and consists of two land tenures covering approximately 1321 ha in the Liard Mining Division. The JW Property is also located within the Galore Creek Project and consists of one land tenure covering approximately 614 ha. Romios has been exploring Royce/Porc and JW Properties under option since 2006. JW PropertyOn the JW Property, Romios' Hole JW07-06 intersected a 2.4m (7.87 feet) interval (from 279.8m to 282.2m in the hole) that contained a weighted average of 31.87 g/t (1.02 oz/t) gold. This consisted of two samples, one from 279.8m to 281.8m (2.0m) that assayed 28.90 g/t (0.93 oz/t) gold and the other from 281.8m to 282.2m (0.4m) that assayed 46.70 g/t (1.50 oz/t) gold....