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Mining Explorers 2009: Romios Gold Resources Inc.

 

Last updated 11/1/2009 at Noon



RG:TSX-V/RMIOF:NASDAQ OTC/D4R:FE

President and Director:

Anastasios (Tom) Drivas

Chief Financial Officer: Errol Farr

Vice President, Exploration, Geologist and Director: Thomas Skimming

Romios Gold Resources Inc., organized in 1995 in Ontario, is a Canadian exploration company focused on the acquisition and exploration of precious-and base metal prospects.

The Company's Business Plan is to create shareholder value and reduce exploration risk by acquiring projects with a high discovery potential or a known resource with significant expansion potential and located in major mining districts.

The execution of this plan has led to the systematic acquisition of nine strategically located gold-copper properties between Nova Gold-Teck Cominco's and Barrick Gold's properties in the prolific Galore Creek area.

The company has completed drilling programs, geophysical surveys, mapping, soil geochemical and metallurgical work on the Newmont Lake property to further expand the known resource.

The Newmont Lake property has an NI 43-101 inferred resource of 200,000 ounces of gold at 4.3 g/t ton, 6,790,000 pounds of copper at 0.22 percent and 291,000 ounces of silver at 6.4 g/t.

In 2008, the company carried out an aggressive $4.3 million exploration program at its Newmont Lake and Trek properties and also added 7,289 hectares to its extensive land position in the Galore Creek area.

The drilling program at the Trek property led to the discovery of high-grade gold-copper breccias and wider zones of porphyry-style mineralization.

The company also holds gold exploration properties in Ontario and Nevada and a molybdenum property in Quebec.

In 2009, the company will be carrying out diamond drill programs on its Trek and Newmont Lake properties.

The Company has developed a drill program for its Trek property that is aimed at expanding the significant copper-gold-silver mineralization within a breccia zone believed to be associated with a large copper-gold porphyry system.

At Newmont Lake, a definition-type drill program will continue with the intent to test the ground geophysical anomalies that strongly suggest the zone is much larger than originally indicated by earlier exploration work.

Follow-up exploration is planned to assess the significance of the many airborne and ground geophysical anomalies and mineralized showings on the Company's various properties in the Galore Creek area.

Cash and short-term deposits: C$38,916 (at March 31, 2009); plus about C$650,000 (raised in private placements in July and August 2009)

Working capital:

C$1.48 million (at March 31, 2009)

Market capitalization: C$15.33 million

25 Adelaide St. E., Suite 1010

Toronto, ON

Canada M5C 3A1

Tel: 416-221-4124

Fax: 416-218-9772

http://www.romios.com

 

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