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Romios Gold Identifies Two New Folded Banded Iron Formations on the Lundmark-Akow Lake Project in NW Ontario
Toronto, Ontario--(Newsfile Corp. - October 18, 2021) - Romios Gold Resources Inc.  (TS...
About this update from Oreterra Metals Corp.
[{"type":"text","content":"Romios Gold Identifies Two New Folded Banded Iron Formations on the Lundmark-Akow Lake Project in NW OntarioToronto, Ontario--(Newsfile Corp. - October 18, 2021) - Romios Gold Resources Inc. (TSXV:  RG) (OTCQB: RMIOF) (FSE: D4R) (\"Romios Gold\" or the \"Company\") is pleased to report that it has successfully completed its fall drilling program on the Lundmark-Akow Lake gold and base metals project in northwestern Ontario. The drilling program resulted in the intersection of two banded iron formations not previously known in this area and only 18 km NNW of Newmont's giant Musselwhite gold mine which is hosted by a tightly folded iron formation.Highlights:A number of new targets have come to light as a result of the recent drilling including two banded iron formations not previously known in this area.The folded portion of the iron formation is now a high-priority drill target for Musselwhite-type gold mineralization.9 holes totalling 1,756 metres were drilled from 8 sites to test the on-strike projections of the three VMS-style base metal zones and the high-grade gold vein (8.64 g/t Au over 4.75 m) discovered on the property (See Press Release Dec. 5, 2019).All assays are currently pending and will be reported on once they have been received and analyzed by the Company.The diamond drill rig has been left on the property in order to carry out further follow-up drilling in 2022.\"In addition to testing the aforementioned base metal and gold targets, the 2021 drill program was the first to test 2 major EM conductors along the western side of the property, resulting in the intersection of two banded iron formations not previously known in this area and only 18 km NNW of Newmont's giant Musselwhite gold mine which is hosted by a tightly folded iron formation,\" stated John Biczok, VP of Exploration. \"We are quite excited by the intercepts of these 2 iron formations, with drilled widths up to 13.6 m, as they occur just 300 m along strike from a well-developed fold, >800 m long, which is evident on historic aeromagnetic maps of the area. This folded portion of the iron formation presents an ideal structural setting for the potential development of Musselwhite-type gold mineralization and has become a high-priority target for the next phase of drilling,\" he continued.The three VMS (volcanogenic massive sulphide...