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| September 25, 2014 --- Vol. 08, No. 39 | September 2014
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British Columbia
COPPER/GOLD – Romios Gold Resources Inc. Sept. 24 reported results from the summer 2014 exploration program carried out on parts of its Burgundy Ridge discovery at its Golden Triangle property in northwestern British Columbia. Geologists carried out a systematic program of mapping, prospecting and chip-line rock sampling at Burgundy Ridge to assess the continuity and significance of the copper-gold-silver mineralization that was discovered in 2013. Contiguous chip samples of rock, each 1.5 meters in length, were collected along a number of lines oriented essentially northwest-southeast. The location of the sample lines was based on the favorable results obtained in the 2013 sampling program and the proximity to the skarn contact between the intrusive porphyries and the reactive dolostone and limestone/marbles. In total 314 rock chip samples were collected in the sampling program, of which 173 were applicable to Burgundy Ridge. In the northeast corner of the zone, a line of 30 contiguous samples, 45 meters in length, averaged 0.30 percent copper, 0.07 grams per metric ton gold and 3.19 g/t silver. A 24-meter line of samples approximately 65 meters to the southwest averaged 0.72 percent copper, 0.12 g/t gold and 5.17 g/t silver. A further 130 meters to the southwest, a six-meter line of samples averaged 2.27 percent copper, 12.14 g/t gold and 48.77g/t silver. In the southeast corner of Burgundy Ridge, eight contiguous samples collected along a 12-meter long line averaged 0.43 percent copper, 0.38 g/t gold and 18.67 g/t silver. Higher grade zones of mineralization occur within or adjacent to the sample lines, the most notable of which is a three-meter-long rock chip sample that assayed 5.12 percent copper, 28.49 g/t gold and 89.65 g/t silver. This sample included 1.5 meters that assayed 9.11 percent copper, 51.2 g/t gold and 171.0 g/t silver. Excluding the sample of high grade mineralization the average grade of the 172 samples collected at Burgundy Ridge Zone is 0.35 percent copper, 0.187 g/t gold and 3.81 g/t silver. Basic ground exploration of areas to the northeast and west of Burgundy Ridge resulted in the discovery of several zones of porphyry-related copper and gold-bearing skarns similar to those sampled at Burgundy Ridge. A number of grab samples from a zone referred to as the Baxter Zone located 1,800 meters west of Burgundy Ridge assayed as high as 4.07 percent copper. Romios President and CEO Tom Drivas said, “The assay results from the sampling carried out during 2013 and 2014 confirm the outstanding potential of the Burgundy Ridge discovery which is interpreted to be one of the principal epicenters for porphyry mineralization within the entire Newmont Lake Project area. It represents a significant, drill-ready target for future exploration programs. Further prospecting and mapping is planned at Burgundy Ridge to potentially extend the copper-gold-silver mineralization to the south, west and north as the snowpack continues to recede in order to better outline the trend of porphyritic intrusive and the related mineralized skarn zones and identify diamond drill targets.”
NAME CHANGE – Columbia Yukon Explorations Inc. Sept. 18 reported plans to change the company’s name to BC Moly Ltd. The proposed name change was approved by the directors as part of a renewal process by the company under its new management. The company intends to move forward with the name change subject to regulatory approvals. Columbia Yukon is a Canadian mineral exploration company focused on the development of a molybdenum deposit at its Storie property situated about six kilometers (3.7 miles) southwest of Cassiar in northwestern British Columbia.
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