The management of Romios Gold Resources Inc. (TSX-V: RG) is pleased to announce a new drill program at its La Corne molybdenum property in northwestern Quebec, planned to commence on November 25, 2010.
The property is located approximately 30 kms from Val d'Or, Quebec and is the site of the former La Corne molybdenum mine which, according to previous operators, is reported to have produced 3,838,844 tons of ore at a head grade of 0.33% MoS2 and 0.040% bismuth from underground workings prior to its closure in 1972.
In a press release dated October 15th, 2009, Romios summarized the results of its 2008 diamond drill program on the La Corne molybdenum property after giving effect to the re-assaying of the drill core using the "four acid" method to more effectively digest all of the molybdenum contained in the higher grade samples. All nineteen holes totalling 5,738 metres (18,825 feet) in length intersected long intervals of molybdenum, bismuth, silver and lithium mineralization. The most notable intersection was encountered in hole RQ-08-15 which intersected 168.30 metres (552.16 feet) grading 0.0850% MoS2, 0.0064% bismuth, 0.120 g/t silver and 0.012% lithium.
Romios intends to drill five drill holes as part of a program to evaluate the potential of a mineral deposit on the La Corne property that may be amenable to a lower cost, open pit method of mining. The Company has retained Geologica Inc. of Val d'Or to supervise the drilling which will be conducted by Orbit Drilling Ltd.
This press release was prepared by Mr. Mel de Quadros, P. Eng., Geologist, Director of Romios Gold Resources Inc. and a qualified person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is headquartered in Toronto and is actively engaged in precious and base metal exploration across North America with a primary focus on gold, silver and copper. Romios has significant property interests in British Columbia, Ontario, Quebec and Nevada. The Company is undertaking extensive exploration work on its Galore Creek area properties in British Columbia, which are centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Tom Drivas, President and Director: (tel) 416-221-4124, (fax) 416-218-9772 or (email) firstname.lastname@example.org
Mel de Quadros, Ph.D., P.Eng., Director (tel) 416-668-6145 or email email@example.com
Michael D'Amico, Investor Relations: (tel) 647-500-6023 or email Michael@baystreetconnect.com
Exchange Listings and Symbols: TSX-V:RG, NASDAQ OTC:RMIOF, Frankfurt:D4R.
25 Adelaide Street East, Suite 1010
Toronto, ON Canada, M5C 3A1
Tel: 416-221-4124, Fax: 416 218-9772
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.