- Romios Gold (RG) is releasing results from recent work on three of its properties located in Northern Ontario
- All three projects are located in the North Caribou Lake greenstone belt
- The North Caribou River Gold Project returned encouraging soil sampling results and promising geological targets at Arseno Lake and Markop Lake
- Romios’ claims in the region cover seven kilometres of a major regional fault
- Romios Gold is unchanged, trading at $0.035 at 10:00 am ET
Romios Gold (RG) is releasing results from recent work on three of its properties located in Northern Ontario.
All three projects are located in the North Caribou Lake greenstone belt.
The Toronto-based mineral explorer calls the results “encouraging” after the company spent one week at each of the claim blocks.
The North Caribou River Gold Project returned encouraging soil sampling results and promising geological targets at Arseno Lake and Markop Lake.
Romios’ claims in the region cover seven kilometres of a major regional fault that contains local gold-copper mineralization, strong alteration and sulphidation.
Work has identified a series of 10 apparent splay faults coming off the major structure that have not been previously identified or tested.
Secondary faults such as these are often much more mineralized than the major regional faults in many gold camps, according to the company.
Soil samples collected over five of the apparent splay faults in 2021 detected a persistent gold anomaly over one splay and scattered anomalies over two others.
Follow-up soil sampling was completed over two splays in 2022 with positive results.
“The North Caribou belt is home to Newmont’s world-class Musselwhite gold mine, and Romios is the only company actively exploring a pipeline of grass-roots to advanced projects in this greenstone belt.” He continued, “Moving this significant group of assets forward continues to be a priority for the Company, and we are exploring various conversations to bring forward a strong funding partner to build on our successful results,” said President and CEO Stephen Burega.
Romios Gold is unchanged, trading at $0.035 at 10:00 am ET.
