Original News Release
Romios Gold sells 1,200 hectares of claims for $300,000
Mr. Kevin Keough reports
ROMIOS SELLS CLAIMS IN BRITISH COLUMBIA'S GOLDEN TRIANGLE TO ENDURO METALS CORP. FOR $300,000
Romios Gold Resources Inc. has sold a 100-per-cent interest in a 1,200-hectare claim package to Enduro Metals Corp. for $300,000 cash. Romios Gold retains a 2-per-cent net smelter returns royalty in the claims. The three claims are located adjacent to Enduro's Andrei target on its Newmont Lake project and encompass a large magnetic high, part of a newly recognized trend of both magnetic and geochemical anomalies suggestive of porphyry copper-gold potential.
"Enduro has been doing an excellent job of advancing their Andrei porphyry copper-gold trend, and they are better placed than Romios to prove up the potential of the non-core package of claims we have sold to them," said Stephen Burega, president. "In the meantime, this deal puts cash in our coffers, advances the ongoing restructuring of the company, and leaves us free to focus on our priority asset in the area: the exciting Trek South copper-gold prospect, which we intend to drill for the first time, next season."
The 2-per-cent NSR and the royalty property will be subject to the terms of the Jan. 31, 2022, royalty agreement between the company and Enduro (see press release dated Feb. 2, 2022).
The technical information in this news release has been reviewed and approved by John Biczok, PGeo, vice-president, exploration, for Romios Gold and a qualified person as defined by National Instrument 43-101.
About Romios Gold Resources Inc.
Romios Gold Resources is a TSX Venture Exchange-listed mineral exploration company focused primarily on gold, copper and silver. The company has crafted an ambitious business plan to advance Romios, primarily by refocusing its efforts on achieving discoveries through the drill bit. The company holds several wholly owned porphyry copper-gold prospects in British Columbia's Golden Triangle, the most significant of which is the Trek South prospect, upon which a range of geosciences applied to it in the period since 2022 including mapping, sampling, magnetic, IP and MT geophysical surveys, have delivered high-order, complementary results that all vector to the same conclusion: that the target area offers high discovery potential. A drill permit is in place and an updated National Instrument 43-101 with plan and budget is under preparation. Trek South is located adjacent to Teck-Newmont's Galore Creek deposits, presently undergoing prefeasibility studies, and is bisected by the road right-of-way thereto. First-ever drilling of Trek South is planned for the 2026 field season.
Additional wholly owned interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu (gold-silver-copper) workings over what is believed to be one or more porphyry centres, and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer. The company also holds a 100-per-cent interest in the large-scale Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite mine, where drilling by the company has produced highly encouraging, broad VMS-style Au-Cu intersections. Romios also retains a continuing interest in several properties including a 2-per-cent NSR on McEwen Mining's Hislop gold property in Ontario and a 2-per-cent NSR on Enduro Metals' Newmont Lake Au-Cu-Ag property in British Columbia.
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