Exceptional Assays And Footprint Expansion At The Kinkaid Copper-Gold-Silver Property

TORONTO - Romios Gold Resources Inc. reported on a recent field program on Romios' Kinkaid property in Mineral County, Nevada, has returned numerous high-grade gold, silver and base metal assays, and expanded the apparent footprint of at least two of the postulated porphyry Cu-Au-Ag centres on the property.

At Honeycomb Hill, the apparent porphyry copper centre and overlying epithermal to mesothermal base and precious metal rich vein system has now been expanded to an area >450 x 450 m with the discovery of numerous historic mineralized trenches and adits that returned assays from 1.31 to 26.96 g/t Au, 1.55% to >10% Cu, and 1.0 to 10.4 g/t Ag. Sampling of the ore veins inside the main workings at Honeycomb Hill confirmed the very high silver content of the galena, 574 and 189 g/t Ag, with gold values of 0.26 and 3.45 g/t Au. A nearby dump sample of fairly non-descript quartz vein material returned the highest gold values to date on the project, 78.16 g/t Au.

Mapping around the 500 m long, historic Montreal Au-Ag mine workings located an important mineralized outcrop laced with actinolite, epidote, biotite and copper bearing veins, 150 m to the west of the mine, significantly expanding the footprint of the suspected porphyry system. This alteration is believed to be part of the deeper alteration zones of a porphyry copper system and assayed 1.62% Cu, 11.3 g/t Ag and 0.49 g/t Au. The suspected epithermal mineralization overprint on the historic PM mine skarn system has been further supported by the discovery of quartz veins that assayed 10.6 g/t Au and a zone of chalcedonic quartz that assayed 0.79 g/t Au. Work on the adjacent KIN claim block located numerous copper-rich boulders of conglomerate and garnet-epidote skarns, making the nearby sedimentary horizons a prime target and suggesting that the source pluton for this mineralization may be at relatively shallow depths.

Stephen Burega, President and CEO, said, "These are exceptional results, and we continue to build support for Romios' Kinkaid model of multiple porphyry Cu-Au-Ag centres overlain by high-grade epithermal to mesothermal veins and high-level sericite alteration zones. We have now substantially expanded the footprint of the Honeycomb Hill and Montreal Mine centres as well as adding more proof of an epithermal gold-silver overprint on the PM skarn site, all with a low-cost, boots on the ground approach."

The 139 Kinkaid and adjacent KIN claims cover approximately 11.0 sq km in Mineral County, 18 km east of the town of Hawthorne, and are largely accessible by road. Romios personnel undertook a low-cost, week-long exploration program here in June 2024 to follow-up on the 2023 discovery of high grade Cu-Au boulders on the new KIN claims; to explore the area around several of the postulated porphyry and skarn centres; and to assess the significance of sericite anomalies detected by a recent Short Wave Infrared Satellite Imagery (SWIR) satellite image study of the property.

One of the largest alteration zones on the Kinkaid property, up to 275 m long and 90 m wide, this is now believed to be part of a larger porphyry-related mineralized system ~450 x 450 m that is partially overlain by younger volcanics. Eight additional adits and trenches were located in this broader zone in 2024, in addition to the 6 shafts and adits previously known. It is believed that the historic mining here targeted silver-rich galena veins.

Romios' samples not only returned high silver assays but moderate to very-high gold values as well: the four samples with even minor sulphides assayed up to 78.16 g/t Au, 574 g/t Ag and 2.3% Cu, with locally high values in mercury, up to 13,250 ppb Hg; antimony, up to 650 ppm Sb; arsenic, up to 2,981 ppm As; and up to 86.6 ppm tellurium. Two galena rich samples assayed 3.96% and >10% Pb. A 30 x 50 cm panel chip sample of the altered but vein-free host rocks outside one adit assayed 0.13% Pb, 41 ppm Sb, 707 ppm As, and 443 ppb Hg, indicating that broad areas of the discoloured, friable, altered host rocks are weakly mineralized. A series of old trenches newly discovered 400 m NW of Honeycomb Hill mine workings also returned impressive assays, 1.31 to 26.96 g/t Au, 1.55% to >10% Cu and 1.0 to 10.4 g/t Ag as well as high mercury in one sample of 5,098 ppb Hg. These results have significantly expanded the footprint of this apparent porphyry centre.

Although the samples were mainly collected from relatively narrow veins and dump samples left behind by the historic miners, the suite of elements in these latest assay results suggest that these veins are part of an epithermal to mesothermal vein and pervasive alteration system that likely overlies a magmatic source, believed to be a porphyry copper system. The general zonation from silver rich samples at Honeycomb Hill to the more gold and copper rich mineralization at the trenches 400 m NW is to be expected in the metal zonation around the top of porphyry-epithermal systems.