Romios Gold Resources Inc. (TSXV: RG | OTCQB: RMIOF) (Romios) is a junior precious and base metals explorer with a lot going on, all in North America. Romios’ properties are prospective for gold, silver, copper, cobalt, and molybdenum. Romios’ Golden Triangle properties have gold-copper porphyry style mineralization and are located in a region known for some spectacular successes.
The Golden Triangle region is known for having some very large discoveries and mines such as the Galore Creek Project (M&I resource of 9.3 million ounces of gold, 150 million ounces of silver and 5.1 million tonnes of copper), Eskay Creek-Au-Ag deposit, Brucejack Au mine (produces 311,000 Oz Au pa, acquired recently by Newcrest buying Pretivm for $3.5 billion) and the Red Chris Cu-Au mine.
So yes, the Golden Triangle is a BIG deal location for gold explorers.
Canada’s Golden Triangle is famous for large gold discoveries and mines – Galore Creek, Eskay Creek, Brucejack and Red Chris
Source: Romios Gold Resources website
Romios’ properties by location include:
- Golden Triangle (British Colombia, Canada) (flagship region with 79,789 ha) – Trek, JW, Newmont Lake (under option to Enduro Metals Corp.), Royce/Porc.
- Ontario (Canada) – Lundmark-Akow Lake, Timmins Hislop Gold Project.
- Quebec (Canada) – La Corne Molybdenum Project.
- Nevada (USA) – Scossa Gold Project.
Romios’ Golden Triangle potential
“Romios outlines a new >1 km wide porphyry-style Cu-Au-Ag system on its Trek South Property in the Golden Triangle, B.C. The program has partially delineated a >1 km wide zone of porphyry-style alteration and veinlet-hosted Copper-Gold-Silver (Cu-Au-Ag) mineralization. As a result, Trek South is now a high priority target for geophysical surveys and diamond drilling in 2022 along with the Company’s previously identified Trek North copper-gold porphyry zone which returned impressive drill intercepts including 131 m grading 0.6% Cu, 0.39 g/t Au and 8.5 g/t Ag in past campaigns (See Press Release – October 22, 2008)…….The Trek South target is 3 km SSW of Trek North and may lie along the same structural corridor as reflected by the nearby Trek Fault and a series of intervening Cu-Au-Ag prospects (See Map 1).”
The above news means the Trek Property (Trek North & Trek South) is shaping up to be a potential game-changer for Romios if they can prove up a significant size copper-gold-silver resource.
Romios Gold Resources’ properties in Canada’s Golden Triangle (shown in red) including Trek North and Trek South, JW, Newmont Lake (optioned to Enduro)
Source: Romios Gold Resources website
Romios acquires silver-copper prospects in Nevada
In other recent news, Romios announced that it “has acquired 109 claims over numerous historic gold-silver-copper prospects in the Kinkaid area of Mineral County, Nevada.”
Romios has recently successfully raised capital (and received 4 million shares of Enduro Metals pursuant to Newmont Lake Option Agreement) to further their exploration efforts, especially in the prolific region of Canada’s Golden Triangle. In 2022, Romios plans to do geophysics and further drilling at Trek North and Trek South.
For investors looking at a gold junior with huge potential exploration upside then don’t go past Romios Gold Resources. It trades on a tiny market cap of ~C$10 million and is exploring in a proven billion dollar region with several exciting 100% owned properties as well as the optioned out property at Newmont Lake. I have not even had time to discuss their exciting Ontario projects including at the well known Timmins region.
Investors will need plenty of patience and expect some stock dilution along the way, as finding significant gold is not easy.
One of the most exciting junior gold companies out there. Let’s see if they hit it big in 2022.
Disclosure: The author intends to go long Romios Gold Resources Inc. (TSXV: RG) in the next 24 hours.