Gold Resources

ENORMOUS EXPLORATION POTENTIAL IN THE GOLDEN TRIANGLE OF BRITISH COLUMBIA
Business Summary
Romios Gold Resources Inc. is a Canadian exploration company focused on the acquisition and exploration of precious and base metal prospects.
The Company's Business Plan is to create shareholder value and reduce exploration risk by acquiring projects with a high discovery potential or a known resource with significant expansion potential and located in major mining districts. The execution of this plan has led to the systematic acquisition of nine strategically located gold- copper properties between Nova Gold/Teck Cominco's and Barrick Gold's properties in the prolific Galore Creek area.
The company has completed drilling programs, geophysical surveys, mapping, soil geochemical and metallurgical work on the Newmont Lake property to further expand the known resource.
The Newmont Lake property has an NI 43-101 Inferred resource of 200,000 ounces of gold at 4.3 g/t ton, 6,790,000 lbs of copper at 0.22% and 291,000 ozs. of silver at 6.4 g/t. In 2008, the company carried out an aggressive $4.3 million exploration program at its Newmont Lake and Trek properties and also added 7,289 hectares to its extensive land position in the Galore Creek area. The drilling program at the Trek property led to the discovery of high grade gold- copper breccias and wider zones of porphyry style mineralization.
The company also holds gold exploration properties in Ontario and Nevada and a molybdenum property in Quebec.
Galore Creek
Northwestern British Columbia hosts two of Canada's most significant mineral deposits: Barrick Gold's Eskay Creek Mine and NovaGold/Teck Resources' massive copper-gold-silver Galore Creek Project.
In 2006, NovaGold announced resources of 7.4 million ounces of gold, 117.1 million ounces of silver and 8.5 billion pounds of copper. All mineralized zones remain open to further expansion.
Since late 2004, Romios Gold Resources Inc. has systematically acquired an extensive land position between NovaGold/Teck Resources' and Barrick Gold's properties.
Regional geologic maps published by the BC Ministry of Energy & Mines and property-wide exploration suggests the underlying rocks and mineralization to many of Romios' mineral tenures may be closely related the porphyry copper-gold-silver deposits at NovaGold/Teck Resources' Galore Creek Project. Romios' mineral tenures contain many exposures of surface mineralization; continued exploration and development of the mineral potential on these lands has led to the discovery of several mineralized zones and a substantial rise in asset value.
Romios' Project in the Galore Creek Area consists of 10 properties including options for a total of 25,826 hectares. Our most advanced properties include Trek, Dirk, Newmont Lake, JW and Royce/Porc properties.

Silver increases make no - sense

Gold is up a few percent, along with platinum. Silver is up something like 33% since the end of '10, but gold etc were much less: ONLY Ag is going up like this. Either all the other metals have to follow (and destroy the dollar, US economic system, and cause world war along with it), OR silver's price is OUT OF CONTROL, due to investment/manipulation or whatever. Gold is manipulated also but it's not doing this. Like 1980, it could be a person or bank trying to set something up. The G/S ratio could be part of this, since supposedly "recent historic averages" are more like 50:1-60:1, not 34:1.

So, 1) don't buy into this upswing (it's hard and I almost did it- but so far haven't. Did I lose, or will there be a VERY LARGE CORRECTION, as seen often enough before?)... we likely will see this due to silver's notorious volatility, so I'm not buying- unless everything- all PMs and commodities etc, go the same way, meaning the end of the US, which will pull down the world with it- meaning the end of the world. I believe the dollar will zero, but present PM values (except Ag) don't support this right now. Thus, 2) try to swap Ag for Au. This ratio is so different, and has no real reason, so why not make a swap for something that ISN'T volatile?

All information comes with no guarantee.

Bob Chapman on PP Talk Silver

Global currency devaluation, tight supplies of physical silver (compared to increasing industrial demand), and investor speculation seem like sufficient explanations for silver's rally. Is there any reason to believe all this conspiracy stuff about the government and/or bankers losing control of their silver suppression scheme, resulting in imminent desperate short-covering that will send the silver price "to da moon" and/or bring the entire government and financial system crashing down? [I think not, but maintain an open mind.]

http://www.youtube.com/watch?feature...&v=dNQ-afHVQQ8

Gold Slips As Traders Weigh Jobs Data, Egypt Unrest

Gold prices fell slightly Friday as a mixed U.S. jobs report and continued unease about turmoil in Egypt did little to spur new refuge demand for the precious metal.

The most actively traded gold contract, for April delivery, settled down $4, or 0.3%, at $1,349 an ounce on the Comex division of the New York Mercantile Exchange.

The U.S. economy added 36,000 jobs in January, the Labor Department said Friday, much

Gold retreats on Egypt report, dollar gain

Gold dropped on Friday as the dollar rallied and after an apparently unfounded television report about an announcement from Egypt sparked more speculation President Hosni Mubarak could be stepping down.

But gold remains on track for its first weekly gain in 2011 after U.S. employment rose far less than expected in January, and after Federal Reserve Chairman Ben Bernanke indicated easy monetary policy would stay in the near term.

Tom Pawlicki, precious metals and energy analyst at MF Global, said gold should benefit as a safe haven on fears that unrest in Egypt would spread across the Middle East despite rumors that Mubarak could resign.

"Since the report has come out, it instilled doubt in the market's mind so I don't know how bullish it can be," he said, referring to a possible drop in gold demand should Mubarak step aside now.

Traders said the rumor seemed to stem from a brief report on U.S. television station CNBC, but more than two hours later there was no news on Egyptian TV about any announcements or possible transition of power. There were no reports from other media outlets suggesting any imminent news from Egypt.

U.S. crude oil futures fell sharply as the report set off speculation that protests in Egypt would end soon. Foreign exchange and equities markets had minimal reactions.

Spot gold dropped 0.3 percent to $1,348.59 an ounce by 2:30 p.m. EST (1930 GMT). U.S. gold futures for April delivery fell $3.90 to $1,349.10.

Analysts said that even as U.S. jobs barely grew in January, gold failed to benefit further from the mixed payrolls report, which also showed that the unemployment rate fell to its lowest since April 2009.

"I think the market's confused," Credit Agricole analyst Robin Bhar said. "On the one hand we didn't get any rise to speak of in the payrolls, but we got a big fall in the unemployment rate, and a big gain in the manufacturing sector."

Bullion was also pressured as the dollar rose against the euro on the U.S. jobless number.

Gold is set for its first weekly gain in five weeks, having posted a strong session on Thursday after Bernanke warned that delays in raising the United States' debt limit could have "catastrophic" consequences, indicating monetary policy would stay accommodative.

HEAVY PRESSURE

The precious metal had faced heavy pressure last month, when bullion posted its first monthly decline in six months after signs that the global economy had started the year on a solid footing with easing worries about Europe's debt crisis.

However, the strength of the economic recovery remains a major question mark for gold, analysts said.

"The medium-term factors for gold -- currency debasement, sovereign debt, inflation -- haven't disappeared and will come back to underpin the market," Bhar said. "But at the moment, why buy gold? There are lots of better things to buy."

Asian buyers remained largely absent, with the market quiet in China, Hong Kong and Singapore during the Lunar New Year holiday there and Indian consumers put off fresh buying by Thursday's price volatility.

Gold holdings of exchange-traded funds inched higher, with those of the largest, New York's SPDR Gold Trust, edging up just over two tonnes on Thursday.

Silver gained 0.1 percent to $28.94 an ounce. Holdings of the largest silver ETF, the iShares Silver Trust, fell more than 30 tonnes to their lowest since November on Thursday.

Platinum group metals touched multi-year highs, with platinum reaching its loftiest level since July 2008 at $1,858.50 an ounce and palladium a 10-year peak at $831.

Platinum was later up 0.3 percent at $1,841.24 and palladium down 0.3 percent at $814.47. (Additional reporting by Jan Harvey in London; Editing by Dale Hudson)

Gold ends lower

SAN FRANCISCO (MarketWatch) — Gold futures settled lower Friday, weighed down by expectations Egypt’s president may be getting closer to his resignation, a stronger dollar, and a previous session’s rally that left the metal vulnerable to a price correction ahead of the weekend.

Copper notched a fresh record high, settling at $4.58 a pound. Platinum settled at its best since July 2008.

Gold for April delivery /quotes/comstock/21e!f:gc\h11 (GCH11 1,349, -4.00, -0.30%) /quotes/comstock/21e!f:gc\h11 (GCH11 1,349, -4.00, -0.30%) settled $4 lower, or 0.3%, at $1,349 an ounce on the Comex division of the New York Mercantile Exchange. Gold advanced 0.6% on the week.

The metal dipped in and out of positive territory earlier. It took a definite turn for the worse, however, on reports the U.S. government was pressuring Hosni Mubarak to resign.

“Some geopolitical risk is coming off based on the reports Mubarak may resign,” said Matt Zeman, a trader at LaSalle Futures Group in Chicago.

A stronger dollar and, more broadly, a sense that positive global macroeconomic news may bring a cycle of monetary tightening also made the day tougher for gold, he added.

April gold rallied 1.6% on Thursday, settling at its best since Jan. 19. On the week, the metal

Earlier Friday, the Labor Department reported the unemployment rate fell unexpectedly to 9% in January.

Economists surveyed by MarketWatch had expected an uptick to 9.5% compared to 9.4% in December.

Gold 2011

Gold, Au, has long been prized for its beauty, resistance to chemical attack, and workability. Because it occurs as a native metal, has a relatively low melting point (1063 oC.), and is malleable, early man easily separated it from rock and cast or hammered it into beautiful designs. Gold serves as a monetary reserve and is used in jewelry, scientific apparatus, dentistry, and photographic processes.

Gold crystallizes in the cubic system, forming octahedral and dodecahedral crystals, often distorted into dendritic or leafy growths. Cubic crystals are rare. A soft metal (hardness 2.5-3), gold can be made harder by alloying it with copper, silver, and other metals. Most gold contains some silver. Pure gold is very dense, with a specific gravity of 19.3, decreasing to 15.6 as silver connate increases. Gold is the most malleable and ductile substance known. It can be flattened out to less than .00001 of an inch (less than .000065 cm) and a 1 oz. (28 gram) mass can stretch out to a distance of over 50 miles (75 kilometers). Gold is also one of the most resistant metals. It won't tarnish, discolor, crumble, or be affected by most solvents. This adds on to the uniqueness of this mineral.

The mineral Gold is almost always mixed with a small amount of silver, and sometimes contains traces of copper and iron. A Gold nugget is usually 70 - 90 percent gold, and the remainder mostly silver. The color of pure Gold is bright golden yellow, but the greater the silver content, the whiter the color. Most Gold is mined from ore, containing tiny amounts of Gold in the ore. The ore is brown, iron-stained rock or massive white Quartz. To extract the gold, the ore is crushed, then the gold is separated from the ore by various methods. Gold is less commonly found as nuggets. Nuggets are formed when erosion causes a large piece of Gold to separate from its mother rock, and then gets carried away into a stream or river. The flowing water tumbles the Gold, giving each specimen a distinct shape. The Gold eventually settles at the bottom of the water, and due to its heaviness remains there. Other nuggets also get caught in the same area, forming a placer deposit. An even rarer form of Gold is as crystals, which are cubic, octahedral, and dodecahedral. Even when the Gold occurs in crystals, they are distorted or are almost microscopic. Although Gold is a rare mineral, it has many scattered occurrences. Most of these occurrences usually lack quality and quantity in regard to Gold. However, certain regions contribute greatly to the gold market. Some of the best known Gold producing regions are: California, Colorado, Ontario, Mexico, Australia, Hungary, and South Africa (the largest producer). Some famous American mines include the Empire Mine and Red Ledge Mine in Grass Valley (Nevada County), California. Very nice crystals and crusts have been found near Ouray, Ouray Co., and in Red Mountain Pass, San Juan Co., Colorado. The Hollinger mine, along with other mines in that area of the Porcupine District, have produced large amounts of Gold.

Update by Karl Harrison
(Molecule of the Month for September 2000 )