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Romios Completes First Phase of Exploration on its Copper-Gold Targets in the Golden Triangle, B.C. and Begins Drill Program at Lundmark-Akow Lake, NW Ontario

Toronto, Ontario–(Newsfile Corp. – September 7, 2021) – Romios Gold Resources Inc. (TSXV-RG) (OTCQB-RMIOF) (FSE: D4R) ("Romios Gold" or the "Company")…

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Toronto, Ontario--(Newsfile Corp. - September 7, 2021) - Romios Gold Resources Inc. (TSXV-RG) (OTCQB-RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has completed an initial month-long program of field work on the Company's extensive claims in the Golden Triangle and that the crew has now mobilised to NW Ontario and has commenced diamond drilling on the Lundmark-Akow Lake gold and base metal prospects. Of particular interest from the work in BC were a number of promising mineralized boulders located on Romios' NorthEast claim block and a broad zone of porphyry-copper style alteration uncovered on the Trek South claims. All assays are pending.

Romios' claims in the Golden Triangle of NW British Columbia cover a number of porphyry copper-gold, shear zone gold, and VMS base metal prospects concentrated near the giant Galore Creek Cu-Au porphyry deposits, owned by a Newmont-Teck JV, or along the partially constructed roadway to those deposits. Work on the Trek South porphyry Cu-Au target outlined an area of continuous strong epidote/propylitic alteration and an overlapping network of pyrite-quartz veinlets at least 1 km across with similarly altered outcrops occurring up to 2 km apart. Skarn-type veins of garnet-epidote-actinolite+/- pyrite are well developed at several locations within this broad alteration zone and minor chalcopyrite and secondary copper staining are scattered throughout the area within the epidote and skarn veins as well as local quartz veins. Much of this newly discovered "South Zone" alteration is on ground only recently exposed by the melting of a glacier and adjacent snowfields. Various geophysical and geochemical survey methods are now under consideration for this exciting target. The partially drilled off Trek "North Zone" is located ~3.5 km NNE of this new discovery and is one of the few appreciable porphyry Cu-Au zones in the area not owned by the Newmont-Teck JV. The >5 km long, NE-trending Trek Fault zone extends from the North to the South Zone area and is flanked by a number of historic prospects that have returned numerous high-grade assays in the past, e.g. 5.3% Cu and 8.77g/t Au over 3.6 metres at the Gully zone. Romios personnel re-sampled and mapped one such zone in 2021, the TOE Zone, and may revise its geological model significantly if the pending assays confirm the field observations.

Romios' NorthEast claim block is located immediately north of the road route to Galore Creek and <2 km from the proposed Galore Creek mill site. The claims were staked by Romios in 2005 to cover the potential source area of mineralized boulders discovered by previous workers in a glacial valley. The central claims are underlain by the highly prospective Lower to Middle Jurassic Hazelton Group metasediments and volcanics in contact with older Stuhini and Stikine Assemblage volcanics and metasediments. Many important ore deposits in the Golden Triangle are located near the base of the Hazelton Group including the high-grade, argillite-hosted Eskay Creek-Au-Ag deposit, Brucejack Au mine and Red Chris Cu-Au mine. The rapid melting of the glacier overlying the edge of the Hazelton Group rocks has now exposed a broad area of pyritic argillites/shales and Romios' crew discovered a number of large mineralized boulders nearby, some with >90% massive sulphide (pyrite with minor chalcopyrite) and others with thick veins of pyrite in shale. Assays are pending.

A number of large quartz veins +/- sulphides up to 1 m wide were found in outcrop on some of the Company's other claim blocks in the area, locally forming impressive stockworks or regularly spaced sets. Assays from these veins are also pending.

Lundmark-Akow Lake Property, NW Ontario: Following a number of delays due to the industry-wide shortage of diamond drillers and the severe forest fire situation in NW Ontario that prevented any field work for several weeks, Romios' geological team and a drill crew are on site and drilling is in process. A series of drill holes is planned to test three VMS horizons, intersected with one hole each in 2019, that returned assays up to 1.26% Cu and 2.4 g/t Au over 3.25 m. Detailed analysis of the geophysical (EM) responses over the VMS zones has since outlined stronger portions of these 300 - 500 m long conductors, as well as a number of even stronger conductors along strike that are yet to be drilled. A high-grade gold-quartz vein intersected in 2019, just 300 m from a VMS Zone, assayed 8.64 g/t Au over 4.75 m, believed to be the most significant gold intercept in the North Caribou Lake greenstone belt outside of the Musselwhite mine property. Several large "Red Lake style, epithermal-looking" calcite veins up to 7 m wide, with sporadic gold values up to 3 g/t Au over 1 m, were found near the gold-quartz vein and their presence suggests that the gold-bearing fluids were part of a deep-seated, potentially widespread system. An airborne VLF-Mag survey undertaken in 2020 by Terraquest on Romios' behalf outlined a series of cross-cutting geophysical trends that may well reflect the controlling structures for the local gold mineralization and these are now high-priority targets for the current drill program as well.

The technical information in this news release has been reviewed and approved by John Biczok, P. Geo., VP-Exploration for Romios Gold and a Qualified Person as defined by National Instrument 43-101. In addition to his extensive experience with several major mining companies exploring for a wide variety of ore deposit types across Canada and India, Mr. Biczok spent 12 years conducting exploration and research at the Musselwhite gold mine in NW Ontario.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mineral exploration company engaged in precious- and base-metal exploration, focused primarily on gold, silver and copper. It has 100% interest in the Lundmark-Akow Lake gold-copper property in northwestern Ontario and extensive claim holdings covering several significant porphyry copper-gold prospects in the "Golden Triangle" of British Columbia. Additional interests include two former producers, the La Corne molybdenum mine property (Quebec) and a former high-grade gold producer, the Scossa mine property (Nevada). The Company also retains a 2% NSR on the Hislop gold property and a 2% NSR and 20% carried (to pre-feasibility) interest in the Thunder Bay Silver properties in Ontario. For more information, visit www.romios.com.

This News Release contains forward-looking statements which are typically preceded by, followed by or include the words "believes", "expects", "anticipates", "estimates", "intends", "plans" or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements. TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) do not accept responsibility for the adequacy or accuracy of this release.

For further information, please contact:

Tom Drivas, President and Director, (tel) 416-221-4124, (fax) 416-218-9772 or (email)
romios@romios.com.

John Biczok, P. Geo., Vice-President, Exploration, (tel) 613-410-7877 or (email)
john.biczok@gmail.com

Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email)
fvandewater@rogers.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95729

Today’s News

Addition to Bathurst Advisory Board

Vancouver, British Columbia – TheNewswire – September 16, 2021 – Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the…

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Vancouver, British Columbia - TheNewswire - September 16, 2021 - Bathurst Metal Corp. (TSXV:BMV) (“Bathurst” or the “Company”) On behalf of the Board of Directors, Mr. Lorne Warner P.Geo., President of Bathurst Metals Corp. is pleased to announce Dr. Guowei Zhang Ph.D., P.Geo. has agreed to join the company’s Advisory Board. Mr. Warner stated “We’re pleased to welcome Dr. Zhang to the Company’s Advisory Board. His experience and expertise, in particular his extensive knowledge of structural geology, is a welcome addition to the Bathurst team. We were grateful to have him as part of our team on the Company’s just completed Nunavut properties mapping and sampling program.”

 

Dr. Guowei Zhang PhD. P Geo

 

Dr. Zhang has over 30 years’ experience as a consulting geologist, well recognized for his specialized work in Structural Geology. He received his Ph.D. From McGill University in 1994 and since then has worked extensively throughout Canada, the United States, Asia and Africa. Dr. Zhang is a Fellow of the Geological Association of Canada.

 

Lorne Warner, President

Bathurst Metals Corp.

On behalf of the Board of Directors

For more information contact Lorne Warner, President info@bathurstmetals.com

Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

 

Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information.

 

BATHURST METALS CORP.

665 DOUGALL ROAD, GIBSONS BC WWW.BATHURSTMETALS.COM

 

Copyright (c) 2021 TheNewswire - All rights reserved.

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Today’s News

Blue Lagoon’s Toll Mill Partner Sends Out Second Shipment of Gold & Silver Concentrate

VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that…

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VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to report that the Company's toll milling partner, Nicola Mining ("Nicola"), has now sent a second shipment of concentrate made from the mineralized material from the Dome Mountain underground mine. The shipment, sent to Ocean Partners UK Limited, a leading European based commodities trading company with offices in six countries around the world, contained 96.7 dry tonnes of gold and silver concentrate grading 93 g/t Au and 468 g/t Ag. All concentrate assays were completed at Base Met Labs, an accredited metallurgical testing facility located in Kamloops, BC.

"Combined with the first 40 tonnes of concentrate that were shipped (see news release September 1, 2021), Nicola has now sent a total of 136.8 dry metric tonnes of concentrate having a total value of approximately CDN $823,000," said Rana Vig, President and CEO of Blue Lagoon Resources. "With an already healthy treasury of nearly $9 million, plus more than $4 million in-the-money warrants and no debt, the additional cash that we will receive from the sale of this concentrate will continue to ensure that we have a significant runway to execute on our aggressive exploration plans on a project that's been relatively unexplored and under the radar," he added.

Bags full of gold and silver concentrate made from Dome Mountain mineralized material are readied and await shipping at Nicola's milling facility in Merritt, B.C.

Trucking of the Dome Mountain mineralized material, which began on June 14, 2021, continues with 10 to 15 trucks leaving the mine site on a weekly basis. To date more than 110 - forty ton trucks - have been dispatched to Nicola, delivering over 4000 tonnes of the Dome Mountain high-grade mineralized material. Weekly shipments are expected to continue until all 6,000 plus tonnes of material have been removed from the underground mine and processed at the Nicola Mining mill (see news release July 7, 2021).

The scientific and technical data contained in this news release was approved by William Cronk, P.Geo., a qualified person as defined in NI 43-101 and a consultant to the Company.

For furtherinformation, please contact:
Rana Vig
President and Chief Executive Officer 
Telephone: 604-218-4766
Email: rana@ranavig.com

The CSE has not reviewed and does not accept responsibility for the adequacyor accuracy of this release.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Blue Lagoon Resources Inc. (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include results of exploration activities that may not show quality and quantity necessary for upgrading mineralization classification or for further exploration and exploitation of minerals deposits, market prices, and continued availability of capital and financing, permitting and other approvals, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: Blue Lagoon Resources Inc.



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Today’s News

Golden Dawn Receives Drill Permit for Lexington Property, Airborne Survey To Confirm Additional Targets – Historic Mining Camp – Greenwood BC

VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Golden Dawn Minerals Inc., (TSXV:GOM)(FRANKFURT:3G8C)(OTC PINK:GDMRD), ("Golden Dawn" or the "Company"),…

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VANCOUVER, BC / ACCESSWIRE / September 16, 2021 / Golden Dawn Minerals Inc., (TSXV:GOM)(FRANKFURT:3G8C)(OTC PINK:GDMRD), ("Golden Dawn" or the "Company"), announces that it has received final approval for its drilling plan on the Lexington Property at the Greenwood Precious Metals project in southeastern BC. The drilling is anticipated to be executed in late October.

"In addition to the existing mining permit for the defined resource at Lexington, this is a next step in expanding the resource and addressing the potential of the mineralised parallel structure."

States Chris Anderson CEO

Photo showing scooptram at Lexington mine during de-watering phase.

The Lexington Multi-Year Area Based permit is for a total of 25 drill sites, with 14 sites approved for this year. Multiple holes can be drilled from each of the sites, so the permit allows for approximately 11,200 meters to be drilled this year out of a total of up to 20,000 metres.

Initial drilling is planned close to the Lexington Mine permit area where there is potential to extend the mineralized zones that define the known resource. Immediately northwest of the mine there is potential for a northwest extension of outlying resource blocks defined by intercepts in drill holes B93-6 and TG-81 (see table below). Drilling is also planned southeast of the mine where historic drill intercepts that indicate presence of significant widths of copper-gold mineralization along a kilometer-long trend that stretches south from the Lexington mine (as shown for R70-18 and TS-64 in the table below).

HoleFrom (m)To (m)Length (m)Gold g/tCopper % 
B93-6

10.67

173.7

163.03

0.86

0.16

 

including

159.9

163.8

3.9

31.22

2.45

 
TG-81

60.0

83.8

18.71

4.45

0.48

 

including

79.0

83.8

4.8

16.90

1.48

 
R70-18

33.5

61.0

27.5

2.07

0.76

 

including

45.7

54.9

9.2

5.31

1.65

 
TS-64

78.0

81.1

3.1

1.99

2.49

 

Table showing historic drill intercepts in Lexington target areas.

The historic large intervals of low-grade gold-copper mineralization indicates potential for bulk gold mining at current metal prices. In the coming months, Golden Dawn intends to investigate options for bulk extraction. Property-wide exploration targeting will also benefit from the results of the 2021 airborne VTEM survey which are expected to be finalized soon.

Photo showing typical pyrite > chalcopyrite mineralization at the Lexington deposit.

Map of the Greenwood Precious Metal Project showing the main properties.

Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., President of the Company and a Qualified Person as defined by National Instrument 43-101,

For more details, please see the most recent National Instrument 43-101 Technical Report on the Company's website at www.goldendawnminerals.com.

On behalf of the Board of Directors:
GOLDEN DAWN MINERALS INC.

Per: "Christopher R. Anderson"

Christopher R. Anderson CEO

For further information, please contact:

Golden Dawn Minerals Inc. - Corporate Communications: Tel: 604-221-8936
Email: Office@goldendawnminerals.com

Forward-Looking Statement Cautions: This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, relating to, among other things, preliminary plans for a consolidation of the Company's Shares. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange will not approve the proposed share consolidation, and that the Company may not be able to raise sufficient additional capital to continue its business. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The Company's securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL, OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF SECURITIES OF THE COMPANY IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Dawn Minerals Inc.



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