In this interview Peter Clausi has Romios Gold Resources Inc.’s (TSXV: RG | OTCQB: RMIOF) CEO, President, and Director Stephen Burega discuss about being a multi-jurisdictional exploration company focused primarily on gold, copper and silver. Starting the discussion on the “…newly discovered, copper and tungsten bearing skarn” released from the 2022 IP (Induced Polarization) survey at the Trek South Project in BC’s Golden Triangle, Stephen explains how these results offer the potential for substantial mineralization on the project.

Covering a wide range of topics around Romios Gold’s portfolio of assets and projects, Stephen goes on to discuss Romios’ Kinkaid Project and Scossa Gold Project in Nevada, which is ranked as one of the top mining jurisdictions in the world. As a former high-grade gold producer, Stephen says that some of the ores at the Scossa Gold Project were so high that it was stored in a bank vault.

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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.

To learn more about Romios Gold Resources Inc., click here.

Disclaimer: Romios Gold Resources Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

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Gold and other precious metal explorers in North America can see huge stock price pops just on a single drill result, provided it is a great one. We saw that with Kodiak Copper in September 2020 when the stock popped over 700% in the month following a great copper-gold porphyry drill result. For investors selecting the right junior precious metal explorer is not easy, but the rewards for success can be huge. One junior explorer that has more precious metal projects than most miners, all in North America, is Romios Gold Resources Inc. (TSXV: RG) (‘Romios’).

Currently awaiting several drill results from their 2020 campaign, including from their Trek Project (potential porphyry copper-gold deposit), Romios has 25 years of experience assembling a huge fully-owned North American portfolio of precious metal (gold, silver, copper, cobalt, molybdenum) projects. Their strategy is to acquire land next to major gold projects then economically explore them for precious metals. In some cases, this is done via earn-in partners and in other cases directly by Romios.

Below is a quick overview of Romios’ projects:

Golden Triangle, British Colombia projects (flagship region)

• Newmont Lake Project (approx. 58,000 hectares, currently optioned out to Crystal Lake Mining and with a 43-101 Inferred Resource with 200,000 oz contained gold at 4.43 g/t, plus 6,790,000 lbs. of copper at 0.22% and 291,000 ounces of silver at 6.4 g/t).
• Trek Project (exciting potential porphyry copper-gold target with promising early drill results).
• 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 (2019 drill result of 8.6 g/t gold over 4.75 metres).
• Timmins 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). This property has a history of gold mining with very high-grade bonanza gold.

Romios Gold’s numerous projects in major mining districts in North America

Source: Romios Gold company presentation

Note: Romios also recently acquired land at the Thunder Bay Camp in Ontario with four historic silver prospects.

With so many early-stage exploration projects it can be hard for companies to progress them rapidly. Romios is currently boosting awareness of their Company to boost capital and therefore accelerate exploration across so many promising targets.

At Newmont Lake, they have optioned out the exploration in return for a 2% NSR royalty, 12 million common shares of Enduro Metals Corporation (previously Crystal Lake Mining), and cash payments. In return, Enduro must complete an $8 million, three-year exploration plan.

Looking ahead to 2021 

Romios is still awaiting drill assay results from some of their 2020 exploration work and based on results intends to actively explore their best prospects further in 2021.

Specifically the 2020 drill results from the promising Trek Project porphyry copper-gold targets (includes Trek South) and the Andrei target at Newmont Lake. The Trek 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. The Trek Project is located 10 km SE of the enormous (>1.1 billion tonne) Galore Creek porphyry Cu-Au deposits which are owned by the Teck-Newmont JV.

Romios is also awaiting 2020 drill results from their Lundmark-Akow Lake Project in Ontario Canada. These are intended to follow up on Romios’ exciting 2019 discovery of 8.6 g/t gold over 4.75 metres.

Romios Gold’s Trek Project in the Golden Triangle of British Colombia, Canada

Source: Romios Gold company presentation

Closing remarks

They say timing is everything in mining investing and that certainly can be true with junior precious metal explorers. Romios Gold Resources currently trades on a very low market cap of C$12M. And with such a large exploration package of properties, and gold at US$1,845/oz and copper at US$3.78/lb, we look forward to their drill results.

• Tom Drivas on Romios Gold’s well positioned gold, copper and silver projects in North America (video)

Disclosure: The author is long Romios Gold Resources Inc. (TSXV: RG)