Romios resumes drilling
Tuesday October 16, 10:01 am Eastern Time
Press Release
Romios Announces Its Intention To Resume Drilling And Its Appointment Of Mr. Gurpal Shokar
TORONTO, ONTARIO--Romios Gold Resources Inc. (the ``Company'') (CDNX- YRW) (SEC Exemption File No. 82-5093 symbol ``RMIOF'') is pleased to announce that in recognition of the recent improvement in the price of gold, it intends to resume drilling on its Scossa Gold Property (the ``Property'') in Nevada. The drill contractor selected by the Company to carry out the proposed drill program is currently committed on another job and is expected to be available during the forthcoming month of December. The Company intends to drill a number of deep holes on the Property to test the known gold-bearing structures at depth. In addition to drilling, the Company is also considering carrying out ground geophysical and geochemical surveys together with structural mapping over the entire property in an attempt to identify potentially significant gold-bearing structures under the extensive soil cover on the Property and to provide greater control to future drilling.
As previously reported (Press Release dated October 10, 2000), a total of 14 holes (DDH-00-01 through DDH-00-14), aggregating 1,107.3 metres (3,633.0 feet) in length were completed to test a number of gold- bearing, epithermal quartz breccia veins on the Property. A number of exceptional high grade gold intersections (ie: DDH-00-02 intersected 6.0 feet of 10.63 opt, DDH-00-03 intersected 6.5 feet of 8.62 opt and DDH-00-05 intersect 4.80 feet of 2.01 opt) were encountered during this program. The results from the analyses of the core collected from these holes were outlined in the press release.
The Property is located in Pershing County in the north central portion of Nevada, U.S.A. approximately 6 miles southeast of the Rosebud Mine, a high-grade, underground gold mine operated recently on a joint venture basis between Hecla Mining Company and Newmont Mining Corporation and about 8 miles southeast of Hycroft Resources open pit gold mine which historically produced in excess of 100,000 ounces of gold annually.
The Property encompasses a number of gold-bearing quartz breccia veins and fault breccias that are steeply dipping and rang from several feet to more than 10 feet in width. Historically, gold was produced from the Property between 1930 and 1939 from a number of well timbered shafts and drifts that were developed on the gold-bearing structures but, as was the practice of the times, the Property was never subjected to any form of modern exploration or tested by drilling.
The Company is also pleased to announced that it has retained Mr. Gurpal Shokar to provide investor relations and marketing services to the Company.
Mr. Shokar was born and raised in the West Midlands, England. He completed his education at Barr's Hill Secondary School and Community College. Following the completion of his education, he moved to British Columbia, Canada where he was directly involved in operating and managing the family business for a number of years. Mr. Shokar has experience working with a number of public and private companies in recent years including as a marketing officer and in investor relations. Mr. Shokar is at arm's length to the Company and does not currently own any securities of the Company.
The Company will retain Mr. Shokar as a consultant on a month to month basis. Mr. Shokar will receive compensation of $1,500.00 per month plus approved expenses and may be granted stock options.
The Company currently has 5,856,498 common shares issued and outstanding.
For further information, please contact Gurpal Shokar, Consultant at 250-769-1047 or Tom Drivas, President and a director of the Company at 416-221-4124 or by Facsimile at 416-218-9772 or by Email at romios@romios.com or visit our website at www.romios.com.
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Contact:
Gurpal Shokar
Consultant
Phone: (250) 769-1047
or
Romios Gold Resources Inc.
Tom Drivas
President
Phone: (416) 221-4124
Fax: (416) 218-9772
romios@romios.com
www.romios.com |
