RG Romios Gold Resources Inc.

Romios Resumes Exploration at its Bonanza-Grade Scossa Gold Mine Property in Nevada, USA

Toronto, Ontario--(Newsfile Corp. - November 11, 2020) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios" or the "Company")  is pleased to announce that a 10 day long exploration program was recently undertaken on the Company's Scossa bonanza-grade gold mine property in Pershing County, Nevada, USA. This former producing mine from the 1930's sat largely dormant from ~1940 until Romios acquired the claims in 1998 and undertook protracted exploration programs up to 2006, including 3 shallow drilling campaigns. The current exploration program was conducted by an experienced consultant from Stantec Inc., Mr. Allan Turner, P.Geo., and focused on detailed mapping of the vein textures, alteration patterns, and structural controls in an effort to locate the most favourable portions of the known veins for drilling, as well as assessing the most suitable geochemical and geophysical techniques required to trace the veins along strike. Assays are now pending and the field data is being compiled and assessed.

Discovered in 1930 and mined intermittently until 1940 when most mining ceased, the Scossa mine produced bonanza-grade ores thought to have graded 1,200 oz/t Au per in the early years and 1.3 oz/t Au overall from 1930-35. The early ore was reportedly so rich that it was stored in a bank vault in Lovelock. Production came from 5 epithermal veins, within 120 m of surface, up to 2 m in width, and locally including a large percentage of brecciated wallrock, clays and carbonate cement. Textural evidence and metal zoning indicate that the past mining and shallow drilling occurred in the upper part of the epithermal system. The Scossa veins appear to be typical of epithermal veins in this area and as such it is quite likely that there is a vertical extent of ~300 m of potentially higher grade veins remaining untested below. It should be noted that bonanza-grade veins like Scossa can contain large amounts of gold concentrated in relatively small sections of the veins, for example the Sleeper mine produced 500,000 ounces of gold from a vein section 42 m long, 21 m high and 30 cm wide.

The total length of the known veins on the Scossa property is approximately 2.7 km. Romios drilled 16 reverse circulation and 14 diamond drill holes in the 2000-2006 period, and although core recoveries were poor (~30%) in the diamond drill holes, high-grade intercepts of 10.6 oz/t Au over 1.8 m, 8.6 oz/t Au over 2 m and 2.0 oz/t Au over 1.5 m were returned (drilled widths). Some major veins have been tested with only one or two holes so far and no attempt has yet been made to trace the veins along strike under cover or across 2 bounding faults.

The Scossa property sits at the intersection of two major lineament trends that influence the location of many gold deposits in NW Nevada: the NW trending Rye Patch trend and the NE trending Sleeper Trend. Numerous deposits are located along these trends including the 18 million ounce Hycroft mine 17 km to the NNW of Scossa, the former high-grade Au-Ag producing Rosebud Mine 10 km to the NW, Sleeper, and Florida Canyon. This structural intersection at Scossa provides an ideal pathway for mineralizing fluids and makes this area a promising target for Romios, especially now that the price of gold is more than 3 times higher than it was at the time of the last program in 2006. ($603/oz in 2006 versus >$1850/oz in 2020).

Romios expects to resume work on the Scossa property in 2021 with a significantly enlarged program of geological mapping, geochemical and geophysical surveys, and diamond drilling.

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc., a progressive Canadian mineral exploration company established in 1995, is engaged in precious and base metal exploration primarily focused on gold, silver and copper. It has extensive claim holdings covering porphyry copper-gold prospects in the "Golden Triangle" of British Columbia as well as a 100% interest in the Lundmark-Akow Lake gold-copper property in NW Ontario and two former producing mines: the La Corne molybdenum mine property in Quebec and the Scossa gold mine property in Nevada. The Company also retains a 2% NSR on the Hislop gold property in Ontario. For more information, visit Romios' website .

This News Release contains forward-looking statements which are typically preceded by, followed by or including the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward- looking statements and shareholders are cautioned not to put undue reliance on such statements. 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) .

John Biczok, P. Geo., Vice-President, Exploration, (tel) 613-410-7877 or (email)

Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) .

To view the source version of this press release, please visit

EN
11/11/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Romios Gold Resources Inc.

 PRESS RELEASE

Romios Announces Closing of Over-Subscribed and Upsized Non-Brokered O...

Toronto, Ontario--(Newsfile Corp. - August 19, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that, further to its press releases of July 23, 2025 and July 30, 2025, it has completed its oversubscribed and upsized private placement of 37,500,000 units ("WC Units") priced at $0.02 per WC Unit for gross proceeds of $750,000 (the "Offering").Each WC Unit comprises one (1) common share of the Company priced at $0.02 and one full common share purchase warrant (a "WC Warrant") entitling the holder to acquire one (1) ...

 PRESS RELEASE

Romios Gold Samples Epithermal Style Gold at the Kinkaid Cu-Au-Ag Proj...

Toronto, Ontario--(Newsfile Corp. - August 7, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that a recent field program carried out by Romios geologists earlier this year at its 100% owned Kinkaid project in the Walker Lane trend of southern Nevada, returned significant gold assays from two newly identified epithermal gold zones. The work also confirmed broad, discoloured porphyry-style alteration zones containing epidote, sericite and local actinolite, encompassing dozens of historic high-grade Cu-Au-Ag+/-ba...

 PRESS RELEASE

Romios Announces Over-Subscription and Increase of Non-Brokered Offeri...

Toronto, Ontario--(Newsfile Corp. - July 30, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that, due to significant demand, the Company has increased the size of the previously announced non-brokered private placement offering (see Press Release dated July 23, 2025) from $500,000 to $750,000. The increased offering will consist of up to 37,500,000 working capital units ("WC Units") priced at $0.02 per WC Unit for up to $750,000 (the "Offering").The previously announced terms of the WC Units have changed to a ...

 PRESS RELEASE

Romios Announces $500,000 Non-Brokered Offering

Toronto, Ontario--(Newsfile Corp. - July 23, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to announce that it is proceeding with a non-brokered private placement of up to 25 million working capital units ("WC Units") priced at $0.02 per WC Unit for up to $500,000 (the "Offering").Each WC Unit comprises one (1) common share of the Company priced at $0.02 and one full common share purchase warrant (a "WC Warrant") entitling the holder to acquire one (1) common share for three years exercisable at a price of $0.05 until two...

 PRESS RELEASE

Romios Gold Resources Inc. Announces $968,000 Insider Debt Settlement

Toronto, Ontario--(Newsfile Corp. - July 16, 2025) - Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company")  is pleased to announce that it has entered into agreements to settle an aggregate of $968,386 of debt owed to four officers, one director, one former director, and one former director and officer for management fees, directors fees and salary, in consideration for the issuance of 25,578,450 common shares of the Company at a price of $0.02 per share (the "Debt Settlement").A total of $266,569 of debt owed to four officers and two directors wil...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch