Romios Gold Resources Inc.: Corporate Update
TORONTO, ONTARIO, Nov 26, 2007 (MARKET WIRE via COMTEX News Network) --
The
management of Romios Gold Resources Inc. ("Romios" or the
"Corporation") (TSX VENTURE: RG)(OTCBB: RMIOF)(FRANKFURT: D4R) wishes
to advise that the announcement today by NovaGold Resources Inc. and
Teck Cominco Limited with respect to the suspension of construction at
Galore Creek should not have any material effect on Romios or its
properties. The Corporation is still waiting for drill results for its
summer exploration program. During the past drilling season, Romios
completed the largest exploration program in its history. The early
exploration results are considered very encouraging by Romios'
management. The results from this extensive exploration program, which
include assays results from 9 drill holes and surface and geochem
sampling, are pending and will be announced as received (see Press
Release dated October 15, 2007). Once all of the results have been
analyzed, the Corporation intends to proceed with a larger exploration
program in 2008 including drilling on Newmont Lake, the Trek and JW
Properties and will include mapping, prospecting and sampling on all of
the properties in the Galore Creek area.
The Corporation
previously reported (see Press Release dated March 26, 2007) an
inferred resource on the NW Zone at the Corporation's Newmont Lake
Property of 1,406,000 tonnes at a grade of 4.43 gpt Au, 0.22% Cu and
6.4 gpt Ag or a gold equivalent grade (AuEq) of 5.16 gpt. This equates
to in-situ contained metal of 200,000 ounces of gold, 6,790,000 pounds
of copper and 291,000 ounces of silver. These resources are reported at
a base case gold equivalent cut-off grade of 2 gpt. Mineral Resources
are not Mineral Reserves as Mineral Resources have not demonstrated
economic viability.
For the purposes of the disclosure in this
Press Release, Thomas Skimming, P.Eng., Vice-President of Exploration
and a Director is the Qualified Person ("QP") in accordance with
NI-43-101.
About Romios Gold Resources Inc.
Romios Gold
Resources Inc., a progressive Canadian mineral exploration Corporation
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 and Nevada. The
Corporation plans to undertake extensive exploration work on its Galore
Creek properties in British Columbia, which are centrally located
between NovaGold's large gold-copper-silver deposit and Barrick's high
grade gold mine at Eskay Creek.
Exchange Listings and Symbols: TSXV:RG, NASDAQ OTF:RMIOF, Frankfurt:D4R.