Taken from the RESOURCE OPPORTUNITY newsletter published by Lawrence Roulston.

Romios has nine properties in the region of NovaGold’s 1.5 billion tonne Galore Creek deposit, where development is underway.  Several of Romios’ properties have benefited from extensive prior work.  Some of those properties are on the route of the access road now being constructed.  All of the properties will benefit from the infrastructure development in the region.

Recently, Romios discovered a new zone of copper-gold mineralization at its Newmont Lake property, which is located midway between Galore Creek and Barrick’s  Eskay Creek gold-silver mine.  Surface samples from the zone show assays with up to 8.59% copper, 16.5 grams per tonne gold and 82 grams per tonne silver.  Two holes have been drilled to test the area and assays are pending.

The Eskay Creek discovery led to a wave of exploration in the area in the 1980’s.  The property now held by Romios was being explored at that time by ten separate companies, all looking for Eskay-style deposits.  Romios is conducting the first comprehensive evaluation of the area, which provides a more meaningful view of the geological setting.  The work by Romios indicates that the Newmont Lake property is geologically similar to Galore Creek. It has potential for both large porphyry-style mineralization, as well as veins.

Romios last week announced results from three drill holes that tested soil and geochemical anomalies at its “JW” gold property, located about 10 kilometers northwest of the Galore Creek deposit. The results were significant, even though only one of the holes reached target depth due to difficult terrain. That hole encountered 2.4 meters of 31.9 grams per tonne (1 ounce per tonne) gold in a quartz-carbonate-sulfide vein system that shows many similarities to the nearby Snip deposit which produced 1 million ounces of gold in the 1990’s.

In summary, Romios holds the dominant land position in a highly mineralized belt of rocks that hosts the Galore and Eskay deposits. The recent exploration results generated by Romios, together with the extensive work by earlier explorers, demonstrates that the Romios ground has serious geological value. Romios shareholders stand to benefit as further work enhances the value of those properties. In addition, growing recognition of the significance of the Galore development should bring more investor attention to the substantial land held by Romios.