Romios-Copperhead Option Discovers Highly Prospective Intrusions on the Red Line Claims Project, Golden Triangle, B.C.

Romios-Copperhead Option Discovers Highly Prospective Intrusions on the Red Line Claims Project, Golden Triangle, B.C.

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios") and Copperhead Resources Inc. ("Copperhead") are pleased to report that they have discovered three highly prospective intrusions on the Red Line claims in the mineral rich Golden Triangle area of NW British Columbia. These intrusions include 2 areas of K-feldspar porphyritic syenite similar to one of the key units found at the giant Galore Creek porphyry Cu-Au deposit owned by Teck and Newmont.

Romios' VP of Exploration, Mr. John Biczok, P. Geo, commented, "The 2023 exploration program on the Red Line claims has made a very important step forward by discovering what appears to be the same type of intrusive rocks that are associated with the alkalic porphyry Cu-Au-Ag deposits of this region, as well as large areas of the epidote and pyritic alteration typically found in the outer shells around such mineralization. We are looking forward to exploring these exciting targets during the next phase of the field work."

HIGHLIGHTS:

  • A previously undocumented K-feldspar porphyritic syenite pluton believed to be more than 300 m wide was discovered
  • Numerous K-feldspar syenite boulders were located on the Red Line 2 claim, derived from the upper part of a steep ridge of metasediments and lesser volcanics which are often pervasively altered to epidote. The association of strong epidote alteration with the syenite dykes may be indicative of a porphyry copper type system at depth here.

  • A second, previously unknown pluton was located on the Red Line 2 and 3 claims, in this case a >700 m long body of pervasively altered hornblende granodiorite.

  • The discovery of these 2 highly prospective plutons, and the numerous syenite dykes associated with widespread epidote alteration, has significantly improved the odds of locating a porphyry Cu-Au-Ag type occurrence on the Red Line claims.

BACKGROUND

Original Claims: The original Red Line claims were staked in 2020 to cover a portion of the so-called "Red Line" stratigraphic contact between lower Jurassic Hazelton Group rocks and upper Triassic Stuhini Group rocks. Many of the major ore deposits in the northern Golden Triangle of NW British Columbia occur within 2 km of this contact. In addition, the claims cover the northern projection of the same Eskay Rift strata that host the historic Eskay Creek mine 32 km to the south. This phenomenally high-grade gold and silver former-producer is now being explored anew by Skeena Resources.

During the 2022 field program, a number of porphyritic syenite boulders and other intrusive rocks were found in creeks draining the area south of the claims. This area was staked as the Red Line 2, 3 and 4 claims in 2022 and 2023. The syenite dyke swarm and granodiorite pluton discovered in July 2023 were found on these new claims.

Porphyritic Syenite Pluton: During the recent 2023 exploration program, a very gossanous, K-feldspar porphyritic syenite intrusion (field name), thought to be at least 300 m wide, was noted on open ground south of the Red Line claims. The syenite intrusion has numerous large patches of pyritic gossans throughout, potentially indicative of the pyrite shell around a porphyry Cu-Au system. After a brief examination the area was immediately staked and added to the Red Line property.

The probable southern contact of the intrusion is marked by a major gossan that occurs in a rugged area not examined on the ground as yet. The other margins of the intrusion have yet to be defined but may be partially concealed under a small glacier and glacial till outwash plains. Mineralization in alkalic porphyry deposits such as Galore Creek is often best developed in the margins of the intrusions and the adjacent host rocks.

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Photo 1: One of the many pyritic gossans throughout the newly discovered porphyritic syenite pluton.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/180353_e9bbc3e1b4c82988_002full.jpg

There is no public record of any significant exploration work in the immediate area and this important syenite porphyry is not shown on any government geological map. It is possible that much of the intrusion was covered by the glacier during the government geological mapping programs. The syenite closely resembles a member of the Galore Creek intrusive suite associated with porphyry copper prospects elsewhere in this region (e.g. Enduro Metals Burgundy Ridge occurrence, the Galore Creek deposit, etc.). The intrusion on the new Red Line claim is by far the largest and most gossanous that Romios' geologists are familiar with anywhere in the region outside of Galore Creek. A sample was collected and sent to the University of British Columbia geochronology centre to determine if it is indeed the same age as the Galore Creek suite.

Syenite Dyke Swarm and Associated Epidote Alteration: A 1 km long ridge on the Red Line 4 claim is notable for the prominent and relatively pervasive epidote alteration, potentially part of the propylitic alteration zone around the periphery of a porphyry centre. Numerous coarse-grained K-feldspar porphyritic boulders occur along the lower slopes of this steep ridge, presumably derived from a dyke swarm at higher elevations. Minor secondary copper mineralization was noted on fracture surfaces in some of the local sedimentary talus. The valley floors on either side of the ridge are occupied by small glaciers but the association of the epidote alteration, syenite dyke swarm, and local copper mineralization warrants a detailed examination of the lower elevations for further indications of a porphyry system at depth beneath this ridge. A sample of the syenite has also been sent for age-dating at the University of British Columbia.

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Photo 2: Secondary copper staining on volcaniclastic conglomerate boulders, Red Line 2 claim.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5376/180353_e9bbc3e1b4c82988_003full.jpg

Hornblende Granodiorite Pluton: A previously unknown pluton of hornblende granodiorite (field name) was discovered on the Red Line 2 and 3 claims during the July program. The pluton has been mapped out for over 700 m in length so far and is at least 150 m wide. It is notable for the pervasive green alteration and the disseminated pyrite found throughout most of the unit. Lithogeochemical analyses and thin section studies are planned to determine if the alteration is part of a porphyry-type system and if this pluton is part of the Galore Creek suite.

Property Size And Ownership: Following the integration of the Red Line 5 claim into the Project, the property size of the Project has been expanded to a total of 10 claims, covering a combined area of 3,989 hectares. Pursuant to an Option Agreement signed on April 6th, 2022, Romios has granted Copperhead Resources the exclusive right and option to acquire a 75% ownership interest in the Project over a 3 year term by financing annual exploration programs beginning in 2022 and making certain cash payments and stock grants to Romios (see Press Release April 6, 2022).

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., VP-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 20% carried interest in five of Honey Badger Mining's claim blocks in the Thunder Bay silver district of northwestern Ontario; 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, President and CEO - 647-515-3734 or sburega@romios.com

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

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180353

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To view the updated anticipated dates, please visit:
https://abnnewswire.net/lnk/HQL85278



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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HIGHLIGHTS:

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- Underground Gold Mining Readiness

- First underground miners onboarded under owner operator model

- TD1 Jumbo (for development and production) commissioned and operating underground

- Primary ventilation installed

- First stope development dewatering completed

- Explosive Magazine constructed

- Water feed installed

- Air lines installed and operational

- 11kva power installation underway

- Revised mine plan and schedule received and being implemented

- Underground Ore trialled through gravity plant

- Trail of 90 tonnes of development material with some reef quartz through the gravity plant

- Throughput exceeding expectation and beyond the nameplate plant flow sheet value.

- Pulse Mining System Installed and Implemented

- INX Software Installed and Implemented

- INX Software and site access kiosks to go live at mine site in June.

- INX will improve overall safety framework with real time risk mitigation focus.

- INX strengthens site access controls for employees, contractors and visitors.

- Sand Stack facility fully operational

- Facility fully functioning with return water pump station installed and operational (water recycling)

- 57 Megalitre Turon River water licence purchased for back up water supply

- Environmental & Compliance Implementation

- Multiple monitoring systems installed, and real time monitored (Dust, noise, vibration).

- Underground diamond drilling site ("drill cuddy") being established

- This location will be used for Reward Gold Mine resource development as well as mine corridor exploration diamond drilling

A batch of hard rock material, taken from the Reward Gold Mine - Amalgamated Vein, was trial processed through the Gravity Gold Plant and TOMRA sorter. Vertex engineers and operators were extremely pleased with the throughput rate and its sorting amenability.

As previously announced the new mine schedule for the Reward underground mine proposes mining two stope blocks consisting of 2,075 tonnes at 17.8 g/t Au and 700 tonnes at 42.5 g/t Au. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

This stope can be exploited as soon as services have been established. Vertex mining crews are actively developing the adit to make room for the 11kva cable, water and air lines ("services").

Drill Cuddy (location for underground diamond drill rig)

A drill cuddy is being developed by Vertex airleg miners and will be completed mid-June. The drill cuddy will be mined up to 6m in height and 7m depth to cater for the Vertex LM90 drill rig. The rig will drill circa 7 holes in this location designed by the Vertex geologists, targeting the stacked veins below and above the Amalgamated adit. The LM 90 will be operated by Vertex drillers and will drill continuously going forward. The aim is to build gold inventory, convert inferred resource to indicated and to help with stope design.

Vertex have now fully installed and implemented a closed water system at the Reward Gold Mine. The water from the gravity process plant mixed with the waste sand material is decanted at the sand stack area. The decanted water is then pumped back to the process plant for re-use. Make-up water is sourced from the Reward Gold Mine where mine water is used to meet the water requirements for the gravity plant. Water use is minimised in the process because the ore is mostly processed by ore sorting which doesn't use water. Further the water is not polluted because the Reward Ore and country rock has no sulphide minerals and the plant process does not use chemicals (Cyanide or reagents).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/8HMS51NW



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Vertex Minerals Limited  Identifies Additional Gold Resources at the Reward Mine

Vertex Minerals Limited Identifies Additional Gold Resources at the Reward Mine

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce that the Company's engineering and geology team at the Reward Mine have identified an additional two stope block that have not been previously reported. These stopes will be incorporated into the overall mine schedule, but provide an early source of mill feed.

HIGHLIGHTS:

- VTX's Technical Services team has identified a fully developed stope block to include in the mine production start-up.

- Stopes are suitable for airleg mining which will augment jumbo production.

- Stope blocks contains an Inferred Resource of 2,075 tonnes at 17.8 g/t Au and forms part of the 2023 Mineral Resource Estimate. With the lower block having over 700 tonnes at 42.5 g/t. The planned stope width is the same as the interpretation of the mineralisation.

- Stopes are additional to the PFS mine schedule which is illustrated in Figure 2* showing the location of the additional stope.

- Stope blocks are fully developed and have been sampled from development.

- This stope can be exploited as soon as services have been established.

The stopes were developed by a previous operator and are accessible from existing development. The additional stope blocks contain an Inferred Resource of 2,075 tonnes at 17.8 g/t Au containing 1,189 ounces of gold with the lower block having over 700 tonnes at 42.5 g/t. The planned stope width is the same as the interpretation of the mineralisation. These stopes forms part of the Mineral Resource Estimate reported in VTX Announcement 22 June 2023. They were not included in the production forecast detailed in the 2024 Pre-Feasibility Study (Announcement 3 January 2024). This was due to the complexity of existing airleg workings and uncertainty around access and ground conditions and wide spaced drilling which established these areas into an Inferred Resource Category.

Note: 'The Mineral Resources are additional to the Ore Reserves.'

Subsequent investigations, which included physical inspection of the levels and completing a geotechnical assessment, have concluded that the stopes are fully developed and accessible.

The quartz veins are exposed in the existing development and have been sampled. In total ninety-seven (97) face samples were taken along the stope and assayed for gold. Figure 3* illustrates the sample grades diluted to 1.5m width, which represents a minimum mining width, and the locations along the stope.

The density of sampling around the stope locations, along with accessibility adds to the confidence that the Company can successfully mine this area very early in the start-up of underground production. The Company believes the inclusion of these stopes is significant to early production, and that the stopes will be mined before the Company updates the Resource and Reserve Estimates for the Project. These samples were not used in the Resource.

The Company plans to exploit this stope once the mine services have been established and bring this stope into the initial stages of the production schedule.

Vertex's Executive Chairman, Roger Jackson commented: "Our new technical team has been established, and it is great to see them looking for the opportunities to add value to the high-grade underground production start-up.

This really does show the potential this mine has for high grade expansion. We are in the process of re-opening the underground mine with the establishment of mine services. Dewatering of the declines has commenced and is progressing to schedule."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/0C116659



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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