Base Metals

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has contracted Simcoe Geoscience of Stouffville, Ontario, to undertake a next-generation APLHA IPTM induced polarization geophysical survey across the 1 km wide Trek South porphyry Cu-Au-Ag target in the Golden Triangle of northwestern British Columbia (Map 1).

As reported in November 2021 (See news release, November 18), Romios' field work in the Trek South area over the past 2-3 years has discovered and partially delineated a >1 km wide zone of porphyry-style alteration and veinlet-hosted Copper-Gold-Silver (Cu-Au-Ag) mineralization. Simcoe's advanced IP technology is expected to detect key sulphide mineralization present below surface to depths of 550 to 650 m for drill targeting.

The IP survey is scheduled to begin in early July and will take approximately 7 days to complete, weather permitting.

Highlights:

  • Romios' recent geological mapping and sampling programs have identified a >1 km wide zone of porphyry-style epidote alteration with a coincident >800 m wide zone of quartz-pyrite +/- chalcopyrite veinlets only recently exposed by the receding of a local glacier and snowfield.
  • These 1-10 cm wide veinlets are often closely spaced enough to form stockworks and have assayed from trace up to 1.83% Cu, 2.3 g/t Au, and 257 g/t Ag with locally significant tellurium and bismuth values.
  • The presence of the broad epidote (propylitic) alteration zone and the mineralized pyrite stockwork suggests that these exposures are adjacent to or overlying a porphyry Cu-Au-Ag system.
  • The ALPHA IPTMsurvey will be conducted initially on 3 lines up to 2 km long across the centre of the alteration system. Additional lines may be surveyed based on the in-field results of these first lines.
  • The length of the Alpha IP survey lines is strategically designed to enable detection of any sulphide mineralization up to 550-650 m below surface and beneath the pyrite stockwork cap.
  • If time permits the survey may be expanded to include the first ever line(s) of IP across the core of the JW porphyry prospect located 6 km NW of the Galore Creek deposits. The margins of this 1 km wide pluton have known porphyry style mineralization and alteration but the core of the system has never been tested by geophysics or drilling.

"The upcoming IP survey over the Trek South porphyry target is a very important milestone for this project and could be a game-changer for Romios if it is successful in detecting sulphide mineralization at depth beneath the surface exposures," stated Stephen Burega, President. He continued, "we are also very keen to complete the first-ever IP survey over the core of the JW porphyry prospect if time permits. This site has both historic drill intersections of porphyry type mineralization and exposures of mineralization and intense alteration along the margin of the pluton, but the high potential centre of the pluton has never been tested. To have another such promising porphyry prospect so close to Galore Creek is an incredible asset for Romios."

BACKGROUND ON THE TREK SOUTH TARGET

Romios' TREK South claim block covers ~18 sq km of highly prospective ground known to contain at least 8 historic and underexplored Cu-Au-Ag showings in addition to the recently discovered porphyry-style alteration and mineralization. It is just 3 km from Romios' Trek North Zone, one of the few known and partially drill-defined porphyry Cu-Au-Ag zones in the area not held by the Teck-Newmont Galore Creek JV (Map 1). Both the Trek North and Trek South sites are within 1.4 km of the partly cleared road route to Teck and Newmont's enormous Galore Creek Cu-Au porphyry deposit(s) and just 13 km from the proposed Galore Creek mill site (www.gcmc.ca).

Following Romios' 2019 discovery of garnet-epidote-pyrite skarn veins on the Trek South claims (Photo #1), a hyperspectral survey of part of the target area in 2020 by HEG & Associates confirmed the presence of porphyry-type alteration minerals in two broad areas. Skarn zones are commonly developed on the margins of many porphyry copper systems and are especially prominent in many of the Golden Triangle deposits.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5376/130246_e03d40056416692a_002.jpg

PHOTO 1 (Left): Close-up view of part of the extensive garnet-epidote-amphibole skarn network on the west margin of the Trek South porphyry system (red pencil magnet section is 7 cm long). PHOTO 2 (Right): Example of the mineralized pyrite +/- quartz veinlet stockwork at Trek South (hammer at top is approx. 81 cm long).

To view an enhanced version of Photo 1 and Photo 2, please visit:
https://images.newsfilecorp.com/files/5376/130246_e03d40056416692a_002full.jpg.

In 2021, Romios personnel undertook detailed mapping and sampling across part of the Trek South claims that until recently had been covered by relatively thin glacial ice and snowfields, resulting in the discovery of the porphyry-type mineralized and altered zone (see Photo #2). In addition, the 2021 survey partially defined previously unknown intrusions which may be related to the mineralizing event, as well as numerous boulder trains of massive epidote alteration, +/- local copper mineralization, apparently derived from an area still hidden beneath the glacier. Extensive areas of strong epidote alteration occur along ridges surrounded by snow and ice immediately south of the Trek South exposures and Cu-Au-Ag mineralized boulders have been found on the small glacier originating in this area. These areas remain to be mapped and sampled in 2022.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/5376/130246_e03d40056416692a_003.jpg

Map 1: Romios Gold' claim holdings and porphyry Cu-Au-Ag prospects in the Golden Triangle

To view an enhanced version of Map 1, please visit:
https://images.newsfilecorp.com/files/5376/130246_e03d40056416692a_003full.jpg.

QA/QC: The samples discussed in this document were grab and chip samples considered representative of the veins and boulders being sampled. They were submitted to the ISO/IEC 17025 accredited ALS Canada Ltd. laboratories in Terrace and Vancouver, BC for assay and multi-element analyses. As a matter of procedure, a rigorous quality assurance and quality control program was implemented to ensure reliable assay results by inserting alternating blanks and commercial assay standards at every 10th position in the sample series.

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 Nevada claims covering numerous Au-Ag-Cu workings and two former producers: the La Corne molybdenum mine property (Quebec) and the Scossa mine property (Nevada) which is a former high-grade gold producer. 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 Corp.s' 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 Project in BC.

For more information, visit www.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.

For further information, please contact:

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130246

News Provided by Newsfile via QuoteMedia

RG:CA
Romios Announces Appointment of Stephen Burega as CEO

Romios Announces Appointment of Stephen Burega as CEO

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that Mr. Stephen Burega has been appointed CEO of the Company. Mr. Burega was appointed President of the Company in September 2021. Tom Drivas has resigned as CEO. The Board of Directors wishes to thank Mr. Drivas for his guidance and his service to the Company as CEO from its inception. Mr. Drivas will remain a director of the Company.

"Tom founded Romios Gold more than 27 years ago, and over the years, he did an exceptional job at identifying prime locations to accumulate sizeable exploration claim blocks in Canada and Nevada," stated Stephen Burega, President and CEO. He continued, "I want to thank Tom for all of his efforts and direction over the years in developing Romios and securing strong partnerships and assets."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

Goldplay Appoints Chris Osterman as CEO and Catalin Kilofliski as Executive Chair

TSXV: AUC) (OTCQB:AUCCF), (Frankfurt:9FY), (the "Company" or "Goldplay"), is pleased to announce that in order to further advance Company's existing portfolio of projects in Portugal and beyond, Mr. Christopher Osterman has been appointed as the Company's Chief Executive Officer effective August 4, 2022. Mr. Catalin Kilofliski, has been appointed as Goldplay's Executive Chairman and will continue to lead Company's strategy. Goldplay's current Chair of the Board, Dr. Deepak Malhotra has been appointed as Lead Independent Director

Chris Osterman, PhD Geologist, Chief Executive Officer

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Canada Nickel Company Initiates Federal Permitting Process for Crawford Nickel Project

Canada Nickel Company Initiates Federal Permitting Process for Crawford Nickel Project

Canada Nickel Company Inc. ("Canada Nickel" or the "Company ") (TSXV: CNC) (OTCQX: CNIKF) announced today that the federal Impact Assessment permitting process for the Company's Crawford Nickel Project has been initiated following the acceptance by the Impact Assessment Agency of Canada (the "Agency") of the Company's Initial Project Description (the "IPD"). The Agency has determined the IPD conforms to the regulations and it has been posted to the Agency's public website for an official comment period.

Canada-Nickel-Company-Logo (CNW Group/Canada Nickel Company Inc.)

"We would like to thank all who have taken the time to provide feedback, and to reiterate the significant role each individual can play in the careful and informed design, development, and operation of the Crawford Nickel Project," said Mark Selby , Chair and CEO of Canada Nickel.  "The relationships we have built since the earliest days of the project have been crucial in facilitating these conversations, and by continuing to collect, reflect upon, and integrate the comments, concerns, questions, and suggestions we receive, Canada Nickel hopes to build a project that maximizes benefits to all communities in the region."

Engagement Period
Following the submission of an IPD draft to the Agency in May 2022 (see news release Canada Nickel Takes Important Step in Crawford Nickel Project Permitting Process, 12/05/2022 ), Canada Nickel initiated an extensive round of engagement on the IPD, hosting more than 20 meetings with Indigenous communities, project stakeholders, and the general public to present key content from the IPD and enable follow up Q&As. The intention of these meetings was to gather crucial feedback from as many interested individuals as possible – all of which was carefully logged and integrated into the final IPD submission.

Next Steps
The Agency's filing of the IPD to its website signals the beginning of a 180-day comment period for the document. With the IPD now publicly available, the Agency will conduct its own series of engagement activities, which will assist the Agency in developing a Summary of Issues relating to the project, to then be provided to Canada Nickel. Subsequent to this and over the coming months, Canada Nickel will complete a Response to the Summary of Issues and a Detailed Project Description, both of which will be submitted to the Agency for further review.

For more information regarding the IPD or the Impact Assessment process, please visit the Agency's website at https://www.canada.ca/en/impact-assessment-agency.html .

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel Sulphide Property in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.

For further information, please contact:

Mark Selby, Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, drill results relating to the Crawford Nickel Sulphide Property, the potential of the Crawford Nickel Sulphide Property, timing of economic studies and mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-company-initiates-federal-permitting-process-for-crawford-nickel-project-301601054.html

SOURCE Canada Nickel Company Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2022/08/c5932.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Xander Resources Announces Proposed Warrant Extensions

Xander Resources Announces Proposed Warrant Extensions

(TheNewswire)

Xander Resources Inc.

Xander Resources Inc. ("Xander" or the "Company") (TSXV:XND) (OTC:XNDRF) (FSX:1XI) announces that, subject to the approval of the TSX Venture Exchange (the " Exchange "), it intends to extend the expiration date of an aggregate of 1,547,890 warrants (the " Warrants ") originally issued by the Company on August 24, 2020 and December 22, 2020 pursuant to non-brokered private placements by one year

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Green River Gold Corp. Intercepts Highest XRF Nickel Results to Date in Step-Out Drilling at Its Quesnel Nickel/Magnesium/Talc and Expands Its Oversubscribed Flow-Through Share Offering

Green River Gold Corp. Intercepts Highest XRF Nickel Results to Date in Step-Out Drilling at Its Quesnel Nickel/Magnesium/Talc and Expands Its Oversubscribed Flow-Through Share Offering

Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) (the "Company" or "Green River") is pleased to update the progress on the 2022 exploration program at its Quesnel NickelMagnesiumTalc Project, located 40 kilometers from the City of Quesnel, British Columbia, in the prolific Cariboo Mining District.

Fargo Exploration conducted a geochemical survey, consisting of soil and rock chip sampling on Grid 1 from July 6 to July 18 (Figure 1). The bedrock outcropping locations were mapped and recorded during the 2.5 square KM soil sampling program. A total of 145 samples, including soil samples and rock chip samples, were taken during the survey.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Emerita Reports Latest Drill Results From IBW and Extends Mineralization 100 Metres to East at Romanera

Emerita Reports Latest Drill Results From IBW and Extends Mineralization 100 Metres to East at Romanera

Emerita Resources Corp. (TSX V: EMO; OTC: EMOTF) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 exploration drilling at its Iberian Belt West (IBW) project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth.

The drill program to date has been focused on the Romanera and La Infanta deposits. The following table presents the latest results obtained from the La Infanta and Romanera deposits and their extensions. Drilling continues at both sites with one drill continuing at La Infanta and the remaining rigs at Romanera. Since obtaining drill permits for Romanera, the IBW program focus has shifted to delineating the Romanera deposit, which is the largest deposit on the Project

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Update Report on the 2022 Field Exploration Programs, Increases Land Position

Update Report on the 2022 Field Exploration Programs, Increases Land Position

Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces an update on the 2022 field exploration programs on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×