Romios Begins Field Work to Follow-Up New Satellite Image Study by Photosat Outlining Significant Alteration Zones at the Kinkaid Copper-Gold-Silver Property, Nevada, USA

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that Photosat has recently completed an in-depth, advanced re-interpretation of the previously reported Short Wave Infrared (SWIR) satellite image study that outlined the specific alteration minerals associated with mineralization on Romios' Kinkaid property in Mineral County, Nevada.

This new work used proprietary Deep Learning Technology to differentiate the types of sericite associated with the known mineralized structures and then outlined the same signature on several major, previously unrecognized, linear alteration zones potentially associated with additional mineralized vein systems.

John Biczok, VP Exploration, stated: "This advanced processing of the satellite imagery over Kinkaid by Photosat has provided some significant new targets in terms of both size and their similarity to the alteration minerals along the high-grade Au-Cu-Ag vein deposits mined in this area historically. At least one broad, circular zone of persistent sericite alteration >1 km wide was also identified, along with several clusters of spot anomalies; these zones generally overlie high-grade Cu-Au+/-Ag vein deposits (see Photo 1) and may outline the upper portions of buried porphyry copper systems."

HIGHLIGHTS

The same sericite alteration signature detected along the known, 400-500 m long Au-Cu-Ag vein deposits has now been detected in 2 nearby, parallel zones, also 4-500 m long. One of the known deposits has 3.2 km of historic, underground mine workings.
The favourable sericite signature has also been outlined in a >1 km wide, persistent circular pattern over the new KIN target discovered in 2023. At this site, nine mineralized boulders sampled along a 300-metre-long stretch of a dry stream bed returned copper values from 0.73% to 13.3% Cu, averaging 5.03% Cu (see Romios press release October 12, 2023). One boulder of magnetite, a common component of veins in many porphyry copper and skarn systems, assayed 12.7 g/t Au. The mineralized samples were located near numerous large boulders with strong epidote alteration very similar to porphyry copper and/or skarn alteration zones.
A team of Romios' senior personnel will be following up on these new targets beginning June 14^th.

Stephen Burega, President and CEO stated: "We have been working on the assumption that these high-grade veins are part of the upper portion of a buried porphyry copper system(s) and this new revelation of a >1 km wide sericitic alteration zone, centred over an area of known porphyry-type alteration and high-grade mineralization in boulders, is a major step forward for this project and supports Romios' porphyry modelling."

Photo 1: Secondary copper minerals exposed in a trench within one of the 1 km wide sericite anomalies. Samples from this zone assayed up to 36.3 g/t Au and 4.8% Cu.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/212769_48e889edc49e1b5a_002full.jpg

Background

The Kinkaid property now consists of 131 claims, covering approximately 11.0 sq km, located 18 km east of the town of Hawthorne where the prolific Walker Lane trend overlaps the southern edge of the mineral-rich Basin and Range geological province. The claims are largely accessible by road and short hikes.

For more information, please click here for Romios' website.

Qualified Person

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., Vice President, Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100% interest in the Lundmark-Akow Lake Au-Cu property plus 4 additional claim blocks in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include the Kinkaid claims in Nevada covering numerous Au-Ag-Cu workings, and two former producers: the Scossa mine property (Nevada) which is a former high-grade gold producer and the La Corne molybdenum mine property (Quebec). The Company retains an ongoing interest in several properties including a 2% NSR on McEwen Mining's Hislop gold property in Ontario; a 2% NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in BC, and the Company has signed a definitive agreement with Copperhead Resources Inc. ("Copperhead") whereby Copperhead can acquire a 75% ownership interest in Romios' Red Line Property in BC.

For more information, visit www.romios.com.

As part of our ongoing effort to keep investors, interested parties and stakeholders updated, we have several communication portals. If you have any questions online (Twitter, Facebook, LinkedIn) please feel free to send direct messages.

To book a one-on-one 30-minute Zoom video call, please click here.

For further information, please contact:

Stephen Burega, CEO & President - 647-515-3734 or sburega@romios.com

John Biczok, P. Geo., VP Exploration - 613-410-7877 or jbiczok@romios.com

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212769

News Provided by Newsfile via QuoteMedia

base metals investing tsxv:rg romios gold resources rg:ca Base Metals Investing

RG:CA

Romios Announces $150,000 Non-brokered Offering

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that it is proceeding with a non-brokered private placement of up to 15 million shares (the "Shares") priced at $0.01 per Share for up to $150,000 (the "Offering").

Funds will be used for exploration and working capital. All securities issued under the Offering are subject to a four month and one day hold period. The transaction is subject to TSX Venture Exchange approval. No funds from the sale of the Shares will be used for payments to non-arm's length parties or for investor relations activities. The funds from the sale of the Shares will be allocated as to $50,000 to maintain the Company's property in Nevada and the balance for general working capital.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Romios Announces Closing of $307,252 Non-Brokered Offering

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that, further to its Press Release of September 18, 2023, it has closed its non-brokered private placement with the sale of 4,266,699 flow-through units (the "FT Units") and 5,975,033 working capital units (the "WC Units") for gross proceeds of $307,251.96 (the "Offering").

Each FT Unit is priced at $0.03 and consists of one (1) common share and one-half (0.5) share purchase warrant (a "FT Warrant"). Each full FT Warrant entitles the holder to purchase one (1) common share (a "FT Warrant Share") at a price of $0.05 per FT Warrant Share until October 27, 2025.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Romios Announces Corrected Terms of Non-Brokered Offering

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios" or the "Company") is pleased to announce that, further to the Press Release issued earlier today, it is proceeding with the offering of a non-brokered private placement of up to 12,500,000 flow-through units (the "FT Units") priced at $0.03 per FT Unit, for up to $375,000 and up to 12,500,000 working capital units (the "WC Unit") priced at $0.03 per WC Unit, for up to $375,000 (the "Offering"). The Press Release issued earlier today erroneously priced the WC Warrant Shares at $0.08 rather than $0.05.

Proceeds from the offering are expected to be used for exploration of the numerous Copper-Gold-Silver prospects at the Company's 'Golden Triangle' Properties in northwestern British Columbia, including the Trek South Property located along the southern border of the giant Galore Creek project co-owned by Newmont and Teck, as well as its Lundmark-Akow Lake Au-Cu property in Ontario and its Kinkaid Gold-Silver-Copper property in Nevada, and for working capital.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Quetzal Copper Provides Update on Financing

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company") announces a non-brokered private placement (the "Offering") for aggregate gross proceeds of up to C$3,000,000, from the sale of the following:

up to 6,666,666 units of the Company (the "Units") at a price of C$0.15 per Unit for gross proceeds of up to C$1,000,000 from the sale of Units; and

up to 11,764,705 flow through units of the Company (the "FT Units") at a price of C$0.17 per FT Unit for gross proceeds of up to C$2,000,000 from the sale of FT Units. Each FT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada).

Each Unit and FT Unit issued under the Offering shall consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of $0.25 per Common Share for a period of 24 months from the closing of the Offering (the "Closing").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Silver47 Exploration Corp. Opens the Market

Gary Thompson, Chief Executive Officer, Silver47 Exploration Corp. ("Silver47" or the "Company") (TSXV: AGA), and his team, joined Dean McPherson, Head, Business Development, Global Mining, Toronto Stock Exchange (TSX), to open the market to celebrate the Company's new listing on the TSX Venture Exchange.

Silver47 Exploration Corp. is focused on rapidly expanding its resource base of silver, gold, copper, zinc and lead, with the aim of reaching a milestone development decision in the next 3-5 years, while also driving new discoveries.

Backed by industry leaders, the Company is advancing its flagship Red Mountain project in Alaska, which currently hosts 168.6 million ounces of silver at 336 g/t AgEq, equivalent to 1 million tonnes of zinc at 7% ZnEq or 2 million ounces of gold at 4 g/t AuEq.

Silver47's initial focus is on increasing the silver-gold rich Dry Creek and West Tundra Flats resources at the eastern end of this district-scale land package, with an exploration target of 50Mt in the 300-400 g/t AgEq grade range for 480Moz Eq. The company's extensive land holdings of 942 state mining claims and one mining lease cover a 60km trend of polymetallic mineralization.

MEDIA CONTACT:
Gary Thompson
President & CEO
info@silver47.ca
403-870-1166

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233679

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Osisko Metals Corporate Update

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") ( TSX-V: OM ; OTCQX: OMZNF ; FRANKFURT: OB51 ) announces, further to its news release dated November 18, 2024 (entitled " Osisko Metals Expands Leadership Team and Announces C$100 Million Bought Deal Financing " ), the following changes to Osisko Metals' leadership team:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Bold Ventures Identifies New Gold Zone at Its Burchell Gold and Copper Property

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that it has received assays up to 56.9 gt gold (Au) from a newly identified zone at its Burchell Property ("the Property"), sampled during a prospecting and field reconnaissance program in November of this year. The high-grade sample was collected approximately 15 meters southwest of 2023 samples which returned between 0.04 and 0.51 gt Au. The zone has now been named the 111 (one-eleven) Zone. A geological sketch map of the outcrop exposure was made and three grab samples were collected along or near the zone during the 2024 program (see Table 1 below for coordinates, descriptions, and results). Assay results ranged from

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

SAMPLE #	Cu %	Au g/t	Ag g/t	U ppm	V ppm
K409245	0.77%	0.25	2.0	7.5	69
K409246	0.73%	0.08	3.9	3.7	30
K409248	1.35%	0.08	3.3	25.2	107
K409249	2.55%	2.36	2.3	113.5	207
K409251	1.48%	12.70	1.9	55.3	371
K409252	13.00%	0.47	0.4	17.7	277
K409253	6.52%	2.49	1.6	402.0	685
K409254	13.30%	0.28	0.4	12.5	257
K409255	5.69%	1.51	17.9	134.5	141

Table 1: 111 Zone 2024 Results
Sample	Date	Area	X (UTM Z15)	Y (UTM Z15)	Description	Assay Certificate No.	Au ppb1 (Fire Assay)	Au ppb2 (Fire Assay)	Au ppb3 (Photon Assay)
C277089	2024-11-06	111 Zone area	676832	5380323	Strongly silicified mafic volcanic with 0.5% fine disseminated pyrite. Loose outcrop / frost heave.	A24-13987	2400	2670	2550
C277090	2024-11-06	111 Zone	676832	5380320	Strongly silicified mafic volcanic with 0.5-1% fine disseminated pyrite. Loose outcrop or frost heave adjacent to zone in outcrop, about 3m south of previous sample.	A24-13987	56300	56900	56800
C277091	2024-11-06	111 Zone	676818	5380332	Strongly silicified sericite schist. Angular boulder, likely talus from nearby slope.	A24-13987	48	n/a
C277043	n/a	n/a	n/a	n/a	Quartz pebble blank.	A24-13987		n/a	n/a
C277044	n/a	n/a	n/a	n/a	Standard OREAS 24d.	A24-13987		n/a	n/a

Romios Begins Field Work to Follow-Up New Satellite Image Study by Photosat Outlining Significant Alteration Zones at the Kinkaid Copper-Gold-Silver Property, Nevada, USA

Latest News

Latest Press Releases

Related News

TOP STOCKS