Romios Gold Resources

Overview

Inflationary pressure has affected most markets, and gold was not immune from its effects. Major financial events triggered an increase in the gold price in 2023 with the average gold price forecast for the year to reach $2,055 per ounce.

On the supply side, mining jurisdictions play a vital role in the success or failure of a mining project. A mining-friendly jurisdiction with a government and local community that supports the industry creates a stable environment for projects to reach their full potential. Conversely, unfriendly jurisdictions can create endless hurdles and challenges, leaving impressive projects unable to reach full development. Nevada has once again earned a top spot on The Fraser Institute’s list of the top mining jurisdictions in the world, ranking in the top 10 on both of Fraser’s important lists: Investment Attractiveness and Policy Perception.

Romios Gold Resources (TSXV:RG, OTCQB:RMIOF, Frankfurt:D4R) is a North American exploration company focused on gold, silver and copper assets in the United States and Canada. The company recently shifted priority towards exploration programs on its two Nevada projects.

The company is led by an experienced team focused on unraveling the geological setting of the mineralization on each project through careful geological mapping, and the application of modern geophysical and geochemical techniques to increase knowledge of and potential of each asset. Many of the Nevada targets were poorly understood due to their atypical geology, underexplored in terms of modern exploration techniques, and mined for different commodities other than copper-gold-silver. All of these factors suggest the properties have not been tested for their true potential, and significant blue-sky opportunities for increased value are present.

The company fully owns two promising assets in Nevada: the Scossa Project (gold) and the Kinkaid Project (gold-copper-silver). Romios has recently refocused its efforts on these core assets while still continuing exploration in British Columbia and Ontario, and opening discussions with potential investment partners for these large-scale exploration assets.

In Canada, Romios’ land package includes 10 claim blocks covering over 400 km2 adjacent to the giant Galore Creek copper-gold-silver porphyry project co-owned by Trek and Newmont in the famed Golden Triangle of British Columbia. Two priority targets included here are the TREK South and JW copper-gold porphyry prospects.

An experienced management team leads the company with a scientific approach to mineral exploration and a dedication to open engagement with First Nations and Indigenous communities. Stephen Burega, CEO and president, has significant experience managing natural resources projects, negotiating joint ventures and fundraising. John Biczok, vice-president of exploration, is a professional geologist with over 40 years in the mineral resources industry. A longstanding and experienced board of directors brings additional expertise in geology, property acquisition, business administration and international law.

Company Highlights

• In 2022, Romios Gold Resources undertook an audit of its significant portfolio of North American exploration assets and concluded that it was in the company’s best interest to focus its efforts on two promising, 100-percent-owned, assets in Nevada, including
  • The Kinkaid Project includes 109 claims with more than 13 historic mine workings and prospects as well as significant blue-sky exploration potential for copper/gold/silver.
  • The Scossa Project covers a high-grade gold mine that was in production from 1930 to 1941. The company’s past drilling intersected Bonanza Grades including 3.35 meters @ 180.2 g/t gold, 4.02 g/t silver; 1.98 meters @ 268 g/t gold, 21.8 g/t silver; and 1.51 meters @ 62.49 g/t gold, 73.4 g/t silver.
• Romios also has 100 percent ownership of extensive claim holdings covering several significant copper-gold porphyry prospects in the “Golden Triangle” of British Columbia, and additional exploration assets surrounding Newmont’s Musslewhite mine in Ontario.
• Romios is led by a strong management team composed of experts in exploration, corporate management and joint ventures.