Romios Gold Identifies Major Geophysical Target Beneath Newly Discovered Copper-Tungsten Skarn at The Trek South Project, Golden Triangle, BC

Romios Gold Identifies Major Geophysical Target Beneath Newly Discovered Copper-Tungsten Skarn at The Trek South Project, Golden Triangle, BC

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that its 2022 IP (Induced Polarization) survey at Trek South has detected a strong IP chargeability high interpreted to be >800 m long and up to 500 m wide that extends beyond 600 m depth beneath both a large, newly discovered, copper and tungsten bearing skarn, and the ~1 km wide porphyry-style alteration and mineralization zone discovered in 2021.

Additionally, the IP anomaly flanks both a recently exposed granodiorite pluton and a postulated buried pluton reflected by a circular aeromagnetic high. (See Map 1).

Romios' VP of Exploration, Mr. John Biczok, P. Geo, commented, "The 2022 Trek South summer program was very successful in defining a major geophysical (IP-MT) target underlying the centre of the >1 km wide porphyry-style Cu-Au zone that Romios discovered in 2021. This area has never been drill-tested. The discovery of a copper-tungsten mineralized skarn coincident with part of this strong IP anomaly significantly increases the potential for substantial mineralization within this very well-defined drill target."

Highlights:

  1. This large target area has been delineated using multiple layers of data providing a greater level of confidence: The strong chargeability high and associated resistivity low are believed to reflect a high concentration of sulphide mineralization (see Figures 1 & 2) and are interpreted as a target that is at least 800 m long and approximately 250 to 500 m wide, begins at shallow depths and extends to a depth of >600 m (Figure 1).
  2. A subsequent MT (Magnetotelluric survey) survey over one of the IP lines (L1) defined a low resistivity feature that extends the IP anomaly to a depth of ~2 km (Fig. 2).
  3. A new 3D inversion model of a past aeromagnetic survey has identified a suspected buried pluton underlying the IP anomaly and this is now thought to be the likely source pluton of the porphyry Cu-Au system.
  4. A newly discovered area of skarnified sediments locally mineralized with copper and tungsten has been identified over an area >275 metres x 80 metres (Map 2); 21 of the 28 chip and grab samples collected here returned tungsten assays from 0.04% to 0.68% WO3, average 0.24% WO3, and copper values from 0.05 to 0.98% Cu, average 0.27% Cu.

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Figure 1: Southeast looking orthogonal view of the Trek South 3D chargeability model derived from IP data. Chargeability highs in red are believed to reflect sulphide mineralization beneath the exposed porphyry and skarn mineralization.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5376/143599_2a34f317141aab51_002full.jpg.

The skarns and the coincident IP anomaly strike toward both a newly mapped granodiorite pluton >600 m wide and a suspected buried pluton, ~1.1 km x 0.8 km, indicated by a recently completed inversion model of an aeromagnetic high (Map 1).

The contacts of the Trek South skarn/IP anomaly with these 2 nearby plutons represent high priority drill targets as the intersection of skarn zones with their source pluton can typically be expected to produce an increase in their size and grade.

Romios' CEO and President, Mr. Stephen Burega commented, "The combination of a large skarn target flanking an intrusion that is a potential host to porphyry type mineralization creates a drill target of the highest priority that will require a substantial financial commitment, and we are actively engaged in identifying a potential partner to bring their expertise and funding to support this important program." He continued, "Both the strength and the size of the main anomaly are very encouraging and, while there is no guarantee of economic mineralization here, the size of the anomaly is comparable to some of the individual ore bodies at the Galore Creek deposit and it is flanked by 3 additional anomalies that remain to be evaluated in the field."

The Trek South project sits within 1.3 km of the partially 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).

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Figure 2: IP Chargeability (top) and Resistivity (bottom) inversion models, Line 2, Trek South

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Map 1: Trek South IP Anomalies and Aeromagnetics

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Map 2: General geology and tungsten assays, main skarn zone, Trek South

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https://images.newsfilecorp.com/files/5376/143599_2a34f317141aab51_005full.jpg.

SUPPORTING DETAILS

COPPER-TUNGSTEN SKARN: High tungsten values have been returned from Trek South for the first time and are localised in a large area of newly discovered skarnified limestone and siltstone (See Map 2). It should be noted that tungsten mineralization is often difficult to discern and was not obvious in the field; its presence was revealed only by assays, consequently it has not been sampled or mapped in any systematic detail as yet. The samples referred to in this release were primarily of gossanous, pyritic zones in the skarns and include grabs and numerous chip samples across 10-30 cm widths as well as several wider chip samples with appreciable tungsten grades, e.g. 2.0 m @ 0.16% WO3 and 0.5 m @ 0.4% WO3.  

IP SURVEY: The IP (Induced Polarization) geophysical technique is particularly effective at detecting disseminated sulphide minerals such as chalcopyrite and pyrite dispersed throughout the targeted host rocks. In July 2022, Simcoe Geoscience completed 3 lines of Alpha IPTM over the Trek South porphyry target and the newly discovered Cu-W skarn adjacent to it with very encouraging results.

3D MAGNETIC SUSCEPTIBILITY MODEL OF 2007 AEROMAGNETIC SURVEY: An aeromagnetic survey was completed over the Trek claims for Romios in 2007 by Fugro Airborne Surveys Inc. The resultant maps clearly show a circular magnetic feature approximately 1.1 km x 0.8 km that underlies a large portion of the now ice-free Trek South porphyry-style epidote alteration and quartz-pyrite stockwork area (Map 1). In 2022, Simcoe Geoscience completed a 3D inversion model of this aeromagnetic data over the area covered by IP Line 1 and the coincident MT survey line. This model supports the presence of a large pluton under the centre of the porphyry system.

GEOLOGICAL SETTING AND ONGOING STUDIES: Trek South is underlain mainly by late Triassic Stuhini Group mafic volcanics (andesites and basalts) and several recently discovered formations of limestone, calcareous siltstones, and conglomerates that are commonly skarnified over large areas. Romios is now undertaking various studies to help clarify important aspects of the geology, including age-dating of two intrusive phases.

RELATION TO THE TREK SOUTH PORPHYRY SYSTEM: The same productive granitoid intrusions that produce porphyry copper-gold deposits commonly produce skarn or other types of replacement mineralization along their margins if they intersect limestone or other calcareous sediments or volcanics. This is especially true in the case of the alkalic porphyries that are so common in the Golden Triangle; for example, in the case of the Galore Creek deposit(s), a large proportion of the mineralization is found in the sedimentary and volcanic rocks that are cut by the alkalic intrusions.

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

QA/QC

The samples discussed in this document were grab and chip samples considered representative of the outcrops and mineralization 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, followed by a lithium borate fusion method (ME-MS85) for samples that returned high tungsten values in the multi-element scans. 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. The geophysical aspects of this document were also reviewed and approved by Romios' consulting geophysicist - Mr. Bob Lo, P. Eng., a Qualified Person as defined by National Instrument 43-101.

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.

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Group Eleven Drills Best Hole Yet at Ballywire: 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu, incl. 5.6m of 16.6% Zn+Pb, 370 g/t Ag and 0.86% Cu

 

Group Eleven Resources Corp. (TSXV: ZNG) (OTCQB: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce the latest step-out drill results from the Zn-Pb-Ag horizon at its Ballywire discovery ("Ballywire") at the 100%-owned PG West Project ("PG West"), Republic of Ireland. Drilling at Ballywire's deeper, Cu-Ag target is in progress (to be reported in due course).

 

Highlights:

 
  •  25-3552-35 (a 50m step-out to the NE from previous drilling, along the Zn-Pb-Ag horizon) intersected:
    • 53.9m of 7.9% Zn+Pb (4.7% Zn and 3.2% Pb), 99 g/t Ag and 0.20% Cu, including
    •  
    •  39.7m of 9.5% Zn+Pb (5.6% Zn and 3.9% Pb), 131 g/t Ag and 0.27% Cu, including
    •  
    • 18.3m of 16.1% Zn+Pb (8.9% Zn and 7.2% Pb), 233 g/t Ag and 0.42% Cu, including
    •  
    • 5.6m of 16.6% Zn+Pb (8.0% Zn and 8.5% Pb), 370 g/t Ag and 0.86% Cu
    •  
    • True thickness is estimated to be 90-100% of the intervals noted above and below
    •  
  •  
  • Three Cu-Ag enriched zones were also intersected below the above intercept in the same hole:
    • 5.5m of 3.2% Zn+Pb (0.9% Zn and 2.2% Pb), 209 g/t Ag and 0.49% Cu, including
      • 0.9m of 2.1% Zn+Pb (1.5% Zn and 0.6% Pb), 831 g/t Ag and 2.46% Cu and
    •  
    • 0.9m of 195 g/t Ag and 0.21% Cu and
    •  
    • 3.5m of 7.1% Zn+Pb (3.5% Zn and 3.6% Pb), 134 g/t Ag and 0.34% Cu, including
      • 0.9m of 3.5% Zn+Pb (0.5% Zn and 3.0% Pb), 224 g/t Ag and 0.63% Cu 
    •  
  •  
  • These results extend the strike length of the immediate Ballywire discovery corridor from 1,250m to 1,300m, while demonstrating much thicker mineralization than previously encountered
  •  
  • This corridor is hosted within a larger 2.6km long trend of robust mineralization pierced by drilling at Ballywire to date, along a prospective trend of over 6km (defined by four regional gravity-high anomalies, only one of which has been systematically drill tested to date)
  •  
  • Today's elevated Cu-Ag values further substantiate the Company's 'deeper Cu-Ag' target (100-200m below the Zn-Pb-Ag horizon), currently being drill tested (second hole in progress)
  •  
  • Three rigs are turning at Ballywire with over 4,000m of drilling completed year-to-date; Group Eleven aims to complete 8,000-10,000m in 2025 (fully funded)
  •  

"Today's hole represents our thickest intercept yet at the Ballywire discovery, surpassing our 29.6 metres of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu announced in June 2024," stated Bart Jaworski, CEO. "Not only does this intercept extend strike and show exceptional mineralized thickness but also demonstrates zones of strong copper-silver values. This adds to growing evidence suggesting a deeper Cu-Ag horizon one to two hundred metres below the main Ballywire discovery horizon. This deeper target is currently being drilled, with one hole finished and a second started. We look forward to releasing these results as soon as assays are available. With three rigs turning each on excellent targets at Ballywire and a recently announced strengthened cash position of C$4.3 million, Group Eleven is poised to keep generating shareholder value through the drill bit for the foreseeable future."

 

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Exhibit 1. Plan Drill Hole Map of Ballywire Discovery, Showing Hole 25-3552-35

 

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Exhibit 2. Long-Section of 25-3552-35 (50m Step-Out) at Ballywire

 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/257506_7a4c0f28c4b01b45_003full.jpg

 

Note: Structural interpretation above is preliminary and subject to change with further drilling and compilation

 

Ballywire Drill Update

 

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, represents the most significant mineral discovery in Ireland in over a decade. First announced in Sept-2022, the discovery has 53 holes drilled and reported by Group Eleven to date, including the most recent hole (25-3552-35) reported today (see Exhibits 1 to 3).

 

Drilling at Ballywire continues with three rigs. Currently, eight (8) new holes are completed (and in the process of being logged, sampled and assayed). Six of these holes are shown in Exhibit 1, with two other holes near gravity-high anomaly 'D' (located 1.3km to the ENE). Recently strengthened financial position provides Group Eleven flexibility to either ramp-up drilling in 2025 and/or extend its runway for drilling well into 2026.

 

Assays from 25-3552-35 are summarized below (see Exhibit 3). Strong mineralization starts to occur within the Waulsortian Limestone at 120.6m downhole and continues intermittently until 187.9m, at which point, mineralization becomes more consistent through to near the base of the Waulsortian Limestone at 242.9m. Below the Waulsortian Limestone, several horizons of elevated copper-silver occur. Mineralization consists predominantly of sphalerite, galena and pyrite, with the copper-silver bearing zones also containing chalcopyrite and suspected tennantite-tetrahedrite.

 

Exhibit 3. Summary of Assays from 25-3552-35 at Ballywire

 
                                                                                                                                                                                             
Item From
(m) 
 To
(m) 
 Int
(m) 
 Zn
(%) 
 Pb
(%) 
 Zn+Pb
(%) 
 Ag
(g/t) 
 Cu
(%) 
25-3552-35120.58121.490.9110.852.9013.75235.00.03
And148.67149.620.9516.904.0520.9569.60.02
And155.22156.150.936.160.676.8318.50.01
And163.74177.6313.893.610.574.179.40.00
Incl.173.19177.634.445.081.146.2218.60.01
Incl.174.98175.910.9310.202.7212.9247.10.02
And187.88241.8253.944.723.187.8999.30.20
Incl.202.15241.8239.675.613.859.45131.10.27
Incl.212.55230.8118.268.897.1816.06233.10.42
Incl.212.55224.2111.6611.609.9921.59207.80.34
Incl.221.33226.965.638.038.5416.57370.00.86
Incl.222.32223.250.9316.2018.9035.10556.01.13
And238.21241.823.610.410.170.5896.40.54
Incl.240.92241.820.900.820.551.37223.01.27
And252.32257.805.480.942.223.16208.80.49
Incl.252.32254.091.772.013.685.69616.81.50
Incl.252.32253.200.881.480.632.11831.02.46
And263.23264.150.920.010.080.09195.00.21
And268.70272.153.453.503.557.06133.70.34
Incl.271.27272.150.880.502.993.49224.00.63
 

 

 

Note: True thickness of the mineralized interval in hole 25-3552-35, as a percentage of the down-hole interval, is estimated to be 90-100%

 

Notes to Exhibit 4: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2024); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

 

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Exhibit 4. Regional Map of Ballywire Discovery

 

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Qualified Person

 

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

 

Sampling and Analytical Procedures

 

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.55m to 1.32m with an average (over 188 samples) of 0.92m. The half-core samples are bagged, labelled and sealed at Group Eleven's core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

 

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

 

About Group Eleven Resources

 

Group Eleven Resources Corp. (TSX.V: ZNG; OTCQB: GRLVF and FRA: 3GE) is drilling the most significant mineral discovery in the Republic of Ireland in over a decade. The Company announced the Ballywire discovery in September 2022, demonstrating high grades of zinc, lead, silver, copper, germanium and locally, antimony. Key intercepts to date include:

 
  • 10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
  •  
  • 10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
  •  
  • 10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
  •  
  • 11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
  •  
  • 29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
  •  
  • 11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
  •  
  • 15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)
  •  
  • 12.0m of 1.4% Zn+Pb, 560 g/t Ag, 2.30% Cu and 0.17% Sb (25-3552-31), including
  •  
  • 6.4m of 2.1% Zn+Pb, 838 g/t Ag, 3.72% Cu and 0.27% Sb (25-3552-31)
  •  
  • 39.7m of 9.5% Zn+Pb, 131 g/t Ag and 0.27% Cu (25-3552-35)
  •  

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit1, which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit2. The Company's two largest shareholders are Michael Gentile (15.3%) and Glencore Canada Corp. (15.2% interest). Additional information about the Company is available at www.groupelevenresources.com.

 
 

ON BEHALF OF THE BOARD OF DIRECTORS
Bart Jaworski, P.Geo.
Chief Executive Officer

 

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

 
 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Cautionary Note Regarding Forward-Looking Information

 

Technical and scientific information disclosed from neighbouring properties does not necessarily apply to the current project or property being disclosed. This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.ca and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

 

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Questcorp Mining Engages Marketing Consulting Firm Spark Newswire

Questcorp Mining Engages Marketing Consulting Firm Spark Newswire

Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is pleased to announce it has entered into a marketing consulting services agreement (the "Spark Agreement" or the "MSA") with Spark Newswire Inc. ("Spark") pursuant to which, among other things, Spark is to provide certain promotional services to the Company.

Spark are very selective in the clients they work with, only partnering with organizations that have a well-deserved reputation for quality and credibility and only working with one organization within a particular market sector at a time. Spark's goal is to integrate with their client's values and core brand narratives, becoming an extension of the overall corporate and capital markets team, assisting in building shareholder equity, brand equity and overall market awareness.

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