ROMIOS GOLD DISCOVERS HIGH-GRADE GOLD VEINS ASSAYING UP TO 72.6 G/T AU ON THE NORTH WEST CLAIMS PROJECT, GOLDEN TRIANGLE, B.C.
"Romios Gold Resources Inc. has discovered a series of high-grade gold veins, assaying from 12.65 grams per tonne (g/t) gold (Au) to 72.6 g/t Au in four of five samples, on its North West claim block in the Golden Triangle of northwest British Columbia. The veins appear to be controlled by a well-developed set of northwest-southeast trending faults.
John Biczok, PGeo, Romios Gold's vice-president of exploration, commented, "Romios's brief 2022 exploration program on the North West claims resulted in not only the highest-grade gold assays ever found on the property, but also the identification of a set of probable control structures up to one kilometre long that now provides an exciting focus for our future exploration work."
Romios trading at .025 cents (cad) which makes them about a $7 million market cap (cad). Undervalued IMO= long time shareholder-
Trek South project information
Romios discovery at Trek South is drill ready for the upcoming season!
The Trek South porphyry-skarn prospect is now at the drill-ready stage.
Geological mapping, rock sampling, hyperspectral surveys, 3 lines of IP surveying and one line of MT surveying were completed in the 2019-2022 period. An airborne magnetic-EM survey was completed in 2007 and this data has proven very useful in light of the recent work.
Several strong drill targets of considerable extent are evident in the 2022 IP results (up to >800 m long x 250-500 m wide and >600 m deep). These geophysical targets underly the centre of the porphyry system and extend under the Cu-W skarn area.
Or some news from the Nevada property which I think is the focus at the moment-
Romios hires 2 Investor Relations firms: Press Release
Insiders buying more Romios shares again: Link
-This is a pretty steady occurrence. Looking for some action happening soon as they just replaced the CEO position also. Stephen Burega has moved up from being President to now becoming CEO, and he purchased 400,000 shares at .035 cents on August 11, 2022...
Toronto, Ontario – June 20th, 2022:
-Romios Gold Resources Inc. (“Romios Gold” or the “Company”) (TSX.V-RG; OTCQB: RMIOF; Frankfurt: D4R) is pleased to report that it has begun the 2022 exploration field program on 3 of the Company’s projects in the underexplored North Caribou Lake Greenstone Belt (NCLGB) in northwestern Ontario, Canada (Map 1).
-This belt is home to Newmont’s giant Musselwhite gold mine (> 7 million ounces Au in past production and reserves) but has seen relatively little exploration by other companies since the 1980s...
Located just 8 km from the all-weather road into the nearby community of Round Lake...
Romios has just issued a press release on their recently acquired Nevada property called Kinkaid:
They have discovered some high grade occurrences on some new zones it appears:
"The Kinkaid claims cover 911.2 Hectares (2,252 acres) in Mineral County, 18 km east of the town of Hawthorne, and are largely accessible by road. To date only the gold assays have been received from the April sampling; the multi-element analyses including the copper and silver results are pending.
“We are extremely encouraged now by the shear number of gold bearing veins that we have found on the Kinkaid property, and expect that the pending copper and silver assays will only increase their potential,” stated Stephen Burega, President.
Right on, I am looking forward to their next big move- Maybe another exploration program, or a joint venture, or possibly more property acquisitions?
Smart money will find this junior soon I think because it has great properties and amazing potential.
Not sure what you mean by added in the U.S.? The ADR?
Another Joint Venture announced!: Press Release
Red Line Project
The Red Line claims cover over 1,851 hectares and are located in the central part of the “Golden Triangle” mineralized district of NW British Columbia. They are situated along the “Eskay Rift” belt of rocks that host the Eskay Creek Au-Ag deposit 30 km to the south.
The original 5 claims were staked by Romios on August 27, 2020 to cover a section of the “red line” contact between Lower Jurassic Hazelton Group rocks and Upper Triassic Stuhini Group rocks, a highly prospective regional contact along which numerous porphyry Cu-Au-Ag and several gold deposits are localised.
An additional claim was staked by Romios on January 21, 2022 when the ground to the south covering an area of fault-related conglomerates came open.
Lets go Romios!-
Only seeing this one going up in market cap from my viewpoint...
Press Release-Romios Gold grab samples up to 36.3 g/t Au at Kinkaid
-2022-03-10 09:55 ET
Mr. Stephen Burega reports
ROMIOS GOLD REPORTS HIGH-GRADE ASSAYS UP TO 36 G/T AU, 1,725 G/T AG AND 4.3% CU FROM MULTIPLE PROSPECTS ON THE KINKAID PROJECT IN NEVADA
Romios drills 16.9 m of 3.3 g/t AuEq at Lundmark-Akow
2022-02-14 10:08 ET - News Release
Mr. Stephen Burega reports
ROMIOS GOLD EXPANDS GOLD-COPPER STOCKWORK ZONE ON THE LUNDMARK-AKOW LAKE PROJECT, INTERSECTS 9.8 M @ 5.1 G/T GOLD EQUIVALENT (4.3 G/T AU, 0.46% CU) WITHIN 16.9 M @ 3.3 G/T AU EQ (2.6 G/T AU, 0.39% CU)
ROMIOS ACQUIRES LARGE CLAIM BLOCK OVER TIMISKAMING-TYPE GOLD TARGET AT THE MARKOP LAKE PROJECT ADJACENT TO NEWMONT'S MUSSELWHITE MINE, NW ONTARIO
"Very little exploration work has been done in this area but a major forest fire in 2011 has revealed numerous outcrops that have improved the company's geological understanding of the area and researchers have now discovered Timiskaming-age (approximately 2,690 million years) sedimentary and volcanic rocks along this belt. These rocks are the same age as the mineralizing event at the Musselwhite mine..."
Romios receives 4 million share property payment:Press Release
Drilling shows 2 new folded banded iron formations not previously known in the area- Good News~!
-Drill assays pending...stay tuned...
Discoveries by Romios optionee ENDR in the Golden Triangle
Romios carries a 2% net smelter return on properties optioned to ENDR
with an option to buy out 1%. This could result in significant income to Romios upon the discovery of a mine, with no further expenditure by Romios.
Some very good news for Romios!
The company owns 5 million shares of another junior mining company-ENDR.V (Enduro Metals Corporation) and fortunately another payment of 4 million shares and $1 million cash are due to Romios in November.
-These payments are for various properties in the British Columbia "Golden Triangle". Enduro has spent many millions over the past several years in exploration and is very excited with what they have been finding.
-ENDR is currently trading at .25 cents so at current prices that means Romios will hold $2.25 million in Endurometal shares when the next share payment arrives, plus Romios treasury will receive another $1 million in cash as per their original agreement.
-If Enduro shares continue to rise (and the company knows how to market themselves so that is quite possible) Romios will contiue to gain value.
-With a current valuation of around $8-$9 million CAD, Romios could soon be trading at cash value along with a kicker of 4 or 5 highly regarded properties under their control as well!
-Plus drill results will be coming soon from their Lundmark-Akow Lake cu/au property near the Musllewhite Mine in the Kenora District.
-Holding shares in these juniors can make you very rich if you get the timing right...
An outline of the Romios deal with ENDR.V (formerly Crystal Lake Mining) for earning into properties in B.C's Golden Triangle: (A sweet deal for Romios with $1million cash payment plus 4 million shares due at the end of November 2021).
To acquire a 100% interest in the 436 sq. km Newmont Lake Project, Crystal Lake must complete the following:
$8 million in exploration expenditures at Newmont Lake over the next three years ($3 million in Year 1 and $2.5 million in each of Years 2 and 3. A total of $508,914 in expenditures made by Crystal Lake since October, subject to verification, will be credited toward the Year 1 commitment through September 20, 2019)
$2 million in cash option payments to Romios as follows: $250,000 on signing of Letter Agreement (paid) and a further $250,000 payable on each of 90 days, 180 days and 270 days following regulatory approval of transaction; a final $1 million payment upon Crystal Lake earning its 100% interest
A total of 12 million shares of Crystal Lake will be distributed to Romios over a three-year period – 4 million each year, with the first 4 million shares issued following regulatory approval of the transaction (subject to normal hold period and a “lock up” provision).
Crystal Lake will be the operator during the earn-in period, which it can accelerate at its discretion, and Romios will have the right to appoint one director to the CLM board.
Romios will retain a 2% Net Smelter Returns Royalty (NSR) on the Newmont Lake Project, or on any afteracquired claims within a 5 km radius of the current boundary of the project, which may be reduced at any time to a 1% NSR on the payment of $2 million per 0.5% NSR.
Crystal Lake will issue two million “bonus” shares to Romios in the event one or more NI-43-101 resource estimates collectively exceed one million ounces of gold equivalent resources in the Indicated and Inferred categories, and an additional one million “bonus” shares for each full one million additional ounces of gold equivalent resources which is so documented.
Romios update...Drill results coming soon from Lundmark-Akow Lake copper gold project in Northern Ontario- +
-Also a $1 million cash payment plus 4 million shares is due from ENDR.V at the end of November 2021.
(ENDR currently trading at .185 cents so that equals $740,000.00 cad at current share price).
MANAGEMENT’S DISCUSSION AND ANALYSIS for year end June 30, 2021
THERE ARE GONNA BE SOME FIREWORKS SOON!
Current Lundmark-Akow Drill Project Info
"Drilling and geophysics in 2017 and 2019 traced the VMS alteration zone 7 km and led to discovery of 3 VMS zones so far. Best zone grades 1.26% Cu and 2.4g/t Au / 3.25 m."
"Drilling on NW claims discovered the most significant gold intercept in the belt outside of the Musselwhite mine property: 8.64 g/t Au / 4.75 m in a quartz-(pyrrhotite) vein."
I have owned Romios for years also-
The company has had excellent ground in the Golden Triangle forever and did a deal with Enduro Metals a couple of years ago which was very nice for Romios as they got about $8 million in cash plus shares in the other company if I recall correctly.
-Now they are drilling their 100% owned Lundmark-Akow property which is 18 km away from the Musslewhite Mine in Northern Ontario and has a lot of the sae characteristics.
Very excited about this!
So this is a good one? I will buy many shares Monday since you are a lover of this stock. Thank you Mr MWM. May you find many more blessings like G*ME.
Hey Dumbass check the date of my post…
Why are you pumping something out of the blue on this board. Go away.
Well, you are late to the game. Buy Monday at open unless we blast off with a gapper. Buy it anyway.