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Romios Gold Resources Inc.
Summary
| Project: | Lundmark-Akow | |
|---|---|---|
| Deposit: | Lundmark-Akow | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 11/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-11-2017: Romios Gold Resources Inc. announces an Exploration/Drilling Update report for its Lundmark-Akow deposit at the Lundmark-Akow project. Summary of recent drilling conducted on property. Romios Gold Resources Inc. is the owner of 13 mining claims | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John L. Biczok (Internal) | |
| ABSTRACT: | Romios Gold Resources Inc. is the owner of 13 mining claims covering 2,720 Ha in the LundmarkAkow Lake area of northwestern Ontario, located 18 km north of Goldcorp’s Musselwhite gold mine. There is no known economic mineral deposit on these claims and the work described herein is exploratory in nature. The purpose of this report is to present the results of Romios’ 2016 four-hole diamond drilling project on the Akow Lake grid, provide a significantly revised geological model for the previously discovered copper-(gold) zone, and to present the encouraging results of one drill hole completed in 2017 that discovered a Cu-Au-Ag massive sulphide horizon by utilising this revised model. The Lundmark-Akow Lake claims were originally staked by Romios Estates Ltd. in 1994-97 to cover the northern extension of the same banded iron formation (BIF) that hosts the gold mineralization at Musselwhite. However, following the discovery in 1998-9 of high-grade gold showings in the adjacent basalts and thin intraformational sulphidic BIFs (Spence and Bishop showings respectively), and outcrops of a gossanous schist (the “Romios Shear Zone”), the majority of work has been focussed on targets outside the main BIF. Beginning in 1996, Romios undertook a substantial number of ground and airborne surveys, which led to the identification of several prominent EM conductors, followed by 2 diamond drilling programs in 1998 and 1999 to test the known showings, various conductors and selected portions of the BIF. | |
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