Following the Romios Gold Resources gold-copper porphyry exploration potential in the Golden Triangle of BC
“The name Romios reminds me of the Roman Empire, so it will be interesting to see if Romios Gold can build their own golden empire in the Golden Triangle of BC or at one of their other North American precious metals projects. One to follow closely.”
Romios Gold Resources Inc. (TSXV: RG) (‘Romios’) has precious metal (gold, silver, copper, cobalt, molybdenum) projects spread across their numerous large tenements in North America. Their flagship and focus area is the ‘Golden Triangle’ in British Colombia (BC) where Romios holds an interest in 78,535 hectares. Three of Romios’ projects, Trek, Newmont Lake and JW, have gold-copper porphyry style mineralization, thereby holding significant exploration potential.
Romios’ strategy has been to acquire land next to major gold projects, especially in the Golden Triangle. Since late 2004, Romios has systematically acquired an extensive land position between NovaGold/Teck Resources’ and Barrick Gold’s properties.
The ‘Golden Triangle’ of British Columbia includes the world-class Eskay Creek, Galore Creek, and Brucejack deposits. The Golden triangle is known to have 152 million ounces of gold and growing.
Romios Gold Resources claims location in the gold rich ‘Golden Triangle’ of British Columbia, Canada
Newmont Lake Project (currently optioned out to Crystal Lake Mining)
To minimize stock dilution, Romios’ Newmont Lake Project is being advanced through a 100% earn-in option to Crystal Lake Mining (TSXV: CLM) that includes an $8 million, three year exploration plan. If the agreement completes Romios will retain a 2% NSR, 12 million common shares of CLM, and cash payments. The Newmont Lake Project is well located in the Golden Triangle, BC. The Project has an existing NI 43-101 Inferred Resource for the Northwest Zone of 1.406 million tones, containing 200,000 oz Au, 6,790,000 lbs Cu, and 291,000 oz Ag. Romios is also developing a NI 43-101 resource for the high-grade surface mineralization at the ’72 Zone & Telena Zones (new discoveries in 2011), and the Ken Zone. Next will be a district-scale Preliminary Economic Assessment. The Project is located within 15 km of AltaGas’ McLymont River hydropower project.
Romios is developing a NI 43-101 resource at the North Zone of the Trek Project, within the Golden Triangle, BC. The Project is located near NovaGold-Teck Resources’ Galore Creek Project and proposed mill site. The Project has an approximate 5.0 km strike-length of mineralization along deep basement structures. Work in previous years included 35 drill holes that returned assays up to 131 metres @ 0.6% Cu, 0.39 g/t Au and 8.5 g/t Ag. Romios recently reported copper-gold discoveries of up to 1.4% Cu, 3.6 g/t Au and 48 g/t Ag.
Romios Gold Resources land showing the Trek Project and the Newmont Lake Project
Romios’s full range of projects include:
- Golden Triangle, British Colombia projects (flagship region) – Newmont Lake Project (currently optioned out), Trek Project, JW Property (includes 45 metres grading 0.24% Cu and 0.4 g/t Au), Royce/Porc Property (several gold-bearing, quartz-sulphide veins).
- Ontario projects – Lundmark-Akow Lake Project (recent drill result of 8.6 g/t gold over 4.75 metres), Hislop Gold Project, Thunder Bay (recently claimed stakes, where historic miners found silver grades of >1,000 oz/t.)
- Quebec project – La Corne Molybdenum Project (historical resource with molybdenum and bismuth).
- Nevada Project – Scossa Gold Project (includes a historical drill result of 3.35 m @ 180.22 g/t Au, 4.02 g/t Ag).
Romios Gold Resources projects in North America – Gold, silver, copper, cobalt and molybdenum
Romios Gold Resources Inc. has a lot going on and in several locations. Certainly the stock looks to be trading under investor’s radar with a market cap of only C$10m. The name Romios reminds me of the Roman Empire, so it will be interesting to see if Romios Gold can build their own golden empire in the Golden Triangle of BC or at one of their other North American precious metals projects. One to follow closely.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>