Source: Romios Gold Resources.
  • Romios Gold (TSXV:RG) has begun its 2023 field program on two major projects in Nevada
  • The Kinkaid property hosts a variety of mineral showings with historic workings including the 500 metre-long series of mine workings, several skarn deposits that were reportedly mined for gold and / or tungsten
  • The Scossa property covers a series of at least five epithermal gold veins that intersected high-grade gold intervals at shallow
  • Romios Gold Resources Inc. (RG) opened trading at $0.04

Romios Gold (TSXV:RG) has begun its 2023 field program on two major projects in Nevada.

One is the Kinkaid property in Mineral County, which covers dozens of old small-scale, but high-grade gold-silver-copper mine workings and prospect pits, and the other is the former producing Scossa gold mine property in Pershing County.

The Kinkaid property hosts a variety of mineral showings with historic workings including the 500 metre-long series of the Montréal Ag-Au mine workings, several skarn deposits that were reportedly mined for gold and / or tungsten prior to the mid-1940’s, and numerous high-grade copper-gold-silver vein type deposits of unknown extent that do not appear to have been fully evaluated in the past.

The company’s President and CEO, Stephen Burega, explained that the goal of the 2023 program at the Kinkaid property is to complete the mapping and sampling program at all of the known occurrences, and to develop a coherent genetic model to tie them all together.

“We should then be able to determine which sites have the greatest size and grade potential and warrant drilling. In addition to the vein type targets, the northern claims host several old, small scale mine sites that exploited skarn-type mineralization that will be mapped in detail in an effort to trace the mineralized horizons under cover to their contacts with their source plutons where the mineralization can generally be expected to improve.”

Romios’ VP of Exploration, John Biczok, P. Geo, also noted that to date, the team had conducted two brief mapping and sampling programs at Kinkaid. An abundance of poorly documented, high-grade Cu-Au-Ag prospects on the property were unearthed.

“At least seven sets of old mine workings have been located on the ground so far and several more that are visible on satellite imagery remain to be examined during the current program. These former workings exploited epithermal and mesothermal veins and we believe there is tremendous potential to be discovered across the entirety of the Kinkaid project area.”

There is little evidence of any systematic exploration work done on the property to help define the extent of these zones at. However, the company expects it will be able to develop some of these high-grade showings into prospective drill targets.

The main dump at the Montréal Au-Ag mine site returned assays up to 18.85 g/t Au and 7.39 per cent Cu in limited sampling.

The Kinkaid property consists of 109 claims covering approximately 9.2 sq km in the Walker Lane trend located 18 km east of the town of Hawthorne and is largely accessible by road.

The Scossa property is located in NW Nevada 80 km from Winnemucca. It covers a series of at least five epithermal gold veins that were mined in the 1930’s and closed in 1941 due to the war. Romios conducted a limited diamond drilling program at Scossa in 2000 and reverse circulation drill campaigns in 2003 and 2006. These drill programs intersected high-grade gold intervals at shallow levels in three holes: 3.35 metres at 180.2 g/t Au, 1.98 metre at 268 g/t Au, and 1.51 metre at 62.49 g/t Au, with 73.4 g/t Ag.

Romios Gold Resources is a Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, copper and silver. It has a 100 per cent interest in the Lundmark-Akow Lake Au-Cu property, plus four additional claim blocks in northwestern Ontario and British Columbia.

Romios Gold Resources Inc. (RG) opened trading at $0.04.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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