Romios Gold Res Stock Price, News & Analysis

Star Gold Corp. (OTCQB: SRGZ) and Romios Gold Resources Inc. (TSXV: RG, OTC: RMIOF) have announced a letter of intent to enter into a share purchase agreement. The deal involves Star Gold acquiring all shares of Romios Gold Nevada Inc., including rights to the Scossa Mine Property and Kinkaid Property in Nevada.

Key transaction terms include:

• Star Gold will implement a 10-1 share roll-back, resulting in approximately 13,589,069 outstanding shares
• Post-transaction ownership structure: Romios Gold (60%) and Star Gold (40%)
• Required minimum capital raise of USD $1,500,000 before closing

The parties aim to finalize the agreement by March 14, 2025, with a deadline of March 31, 2025. The transaction requires approval from both TSX Venture Exchange and SEC.

Romios Gold Resources Inc. (TSXV: RG) (OTC: RMIOF) has announced its participation in the PDAC 2025 Convention at booth #2717, where it will showcase recent exploration results. Key developments include:

At the Kinkaid property in Nevada, the Honeycomb Hill prospect has expanded to >450 x 450 m, featuring potential porphyry Cu-Au-Ag centers. Historic underground workings have yielded impressive assays up to 78.16 g/t Au, 12.1% Cu, and 575 g/t Ag. The adjacent KIN claim block revealed copper-rich boulders with assays ranging from 0.73% to 13.3% Cu, and one magnetite sample with 12.7 g/t Au.

At the Scossa mine site in Pershing County, Nevada, a 3D model has identified a potential high-grade ore shoot near old workings. A new discovery in 2023 yielded 10.2 g/t Au across a 1 m wide quartz vein. Follow-up exploration is planned for spring 2025 at both properties.

Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) has provided an update on the Honeycomb Hill prospect at its Kinkaid property in Nevada. The area shows potential for a porphyry Cu-Au-Ag system with high-grade assays and extensive alteration. Key findings include:

1. Expanded mineralized area to >450 x 450 m
2. High-grade assays up to 78.16 g/t Au, 12.1% Cu, and 575 g/t Ag
3. Extensive sericitic alteration visible in SWIR satellite imagery
4. Multiple old mine workings and trenches with significant mineralization
5. Geological indicators suggesting an epithermal to mesothermal vein system above a potential porphyry deposit

The company plans further exploration, including detailed mapping, soil sampling, and geophysical surveys to define drill targets. Additionally, Tom Drivas announced a change in ownership interest, with his collective partially diluted ownership decreasing to 9.977% due to a recent private placement.

Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) reports exceptional assays and expanded footprint of potential porphyry centers at its Kinkaid property in Nevada. Highlights include:

1. Honeycomb Hill: Expanded to >450 x 450 m area with assays up to 26.96 g/t Au, >10% Cu, and 574 g/t Ag.

2. Montreal Au-Ag mine: Discovered mineralized outcrop 150 m west, assaying 1.62% Cu, 11.3 g/t Ag, and 0.49 g/t Au.

3. PM skarn: Found gold-bearing quartz veins, supporting epithermal overprint theory.

4. KIN claims: Located numerous copper-rich boulders, suggesting nearby sedimentary targets and shallow pluton.

These results support Romios' model of multiple porphyry Cu-Au-Ag centers with high-grade epithermal to mesothermal veins overlay.

Romios Gold Resources Inc. (TSXV: RG) (OTC Pink: RMIOF) has announced a CFO transition. Frank van de Water is retiring as CFO on August 1, 2024, but will remain on the Board of Directors. Brian Crawford will assume the role of CFO, subject to regulatory approval.

Stephen Burega, President and CEO, thanked Frank for his executive leadership since joining as CFO in December 2015 and as a board member since July 2007. Brian Crawford, the incoming CFO, is a University of Toronto graduate and former partner with BDO Canada LLP. He has extensive experience as CFO and director of private and public companies, currently serving in these roles for several public companies.

Romios Gold Resources (OTCQB: RMIOF) has commenced fieldwork at its Kinkaid Copper-Gold-Silver Property in Nevada following a comprehensive satellite image study by Photosat. The study leveraged Deep Learning Technology to identify significant alteration zones, revealing new, previously unrecognized targets. The Kinkaid property, comprising 131 claims over 11 sq km, is in a geologically rich area. Fieldwork begins June 14, with initial findings showing high-grade mineralization, including copper values up to 13.3% and gold assays up to 12.7 g/t from sampled boulders.