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Romios Gold Begins Airborne Geophysical Survey on the Lundmark-Akow Lake and North Caribou Gold Projects near Newmont's Musselwhite Gold Mine
Toronto, Ontario--(Newsfile Corp. - October 22, 2020) - Romios Gold Resources Inc. (TSXV: RG...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Gold Begins Airborne Geophysical Survey on the Lundmark-Akow Lake and North Caribou Gold Projects near Newmont's Musselwhite Gold MineToronto, Ontario--(Newsfile Corp. - October 22, 2020) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) (\"Romios Gold\" or the \"Company\") is pleased to report that it has commenced an airborne VLF-EM and Magnetic geophysical survey over its primary gold targets on the Lundmark-Akow Lake and North Caribou properties in northwestern Ontario, Canada (Map 1). This helicopter-borne survey is being conducted by Terraquest Ltd. on closely spaced lines focussed over postulated structural features thought to control the location of gold mineralization in both areas. If the location of these structures is confirmed they will become prime targets for the next phase of drilling. The Lundmark-Akow Lake gold target is 25 km from Newmont Corporation's Musselwhite Mine in the North Caribou greenstone belt (Map 1), approximately 500 km north of Thunder Bay. Drilling here in 2019 located perhaps the most significant gold intersection in this belt outside of the Musselwhite mine property, a quartz-pyrrhotite vein 4.75 m wide grading 8.64 g/t Au (true width is approx. 4.3 m) (see Romios news release July 10, 2019). This vein appears to be of an extensional style and is associated with a unique series of large, gold enriched, open-space filling calcite veins similar to those in the Red Lake and Timmins-Kirkland Lake gold camps. These veins are thought to indicate that the ore-forming fluids have a deep-seated crustal source of considerable extent. A second gold-quartz vein, 7.3 m wide, geologically similar but lower grade than the first vein, was intersected ~300 m to the north. The gold-bearing quartz veins, as well as the unique calcite veins, line up along an abrupt offset in the regional magnetic pattern believed to reflect a major fault at a high angle to the local stratigraphy (Map 2). If this current model is correct, the apparently >1 km long fault should contain mineralized veins itself, as well as controlling the location of the adjacent extensional-type offshoot veins intersected in the 2019 drilling. The North Caribou claim block is located ~35 km WNW of the Lundmark-Akow Lake gold target and just 8 km from the all-weather road into the nearby community of Round Lake. It was...