BHP posts second straight year of record iron ore production, beats estimates
The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.
Romios Gold Resources (TSXV: RG) announced that its exploration team started fieldwork on its Andrei claim block, the Royce/Porc property and the nearby JW and Trek porphyry copper projects in the Golden Triangle of northwestern British Columbia.
In a media statement, Romios said that these claims cover a number of promising copper-gold porphyry and VMS prospects, as well as occurrences of high-grade base metal boulders for which no source has been found.
Approximately half of the Romios’ project areas are subject to an earn-in option agreement with Crystal Lake Mining Corp
The Toronto-based miner’s properties in the western Canadian province comprise surface and subsurface mineralization for over 50 kilometers. Including options, this equates to an aggregate total of 80,000 hectares.
The Trek porphyry copper occurrence is 15 kilometres southeast of the 787-million-tonne Galore Creek porphyry deposit.
The northern Trek claims cover a partially drill-defined porphyry copper-gold zone within ~3 kilometres of the proposed Galore Creek mill site. According to Romios, the southern portion of the claims cover several Cu-Au showings over a 2 x
The company’s JW prospect is located six kilometres northwest of Galore Creek and covers a partially exposed porphyry-style alteration system centred on a granodiorite intrusion believed to be about 1 kilometre x 1.3 kilometre in area.
“High-grade gold veins surround the perimeter of this intrusion and both a gold-bearing pyrite alteration zone and copper-bearing propylitic alteration zone were discovered in outcrop during a brief visit in 2018. This prospect will be mapped in detail to define the extent and core of the alteration and mineralization in order to determine drill targets,” the brief states.
Finally, the Andrei claims cover a number of base metal prospects exhibiting characteristics of volcanogenic massive sulphide systems.
“Given the significant glacial retreat since Romios last explored these claims, it is expected that the source of the mineralized boulders and the extent and potential of the outcropping VMS zones may be much better outlined by the upcoming work,” the firm’s release reads.
