Romios Gold Resources Inc. reported that its recently completed field program on the Kinkaid property in Nevada has improved understanding of the large-scale mineral potential of the property and reinforced previous suggestions by the Company's geologists that there may be a porphyry system at depth beneath the dozens of old high-grade gold-silver-copper prospects on the claims. A prominent alteration zone 1 km wide surrounding a series of high-grade Au-Ag-Cu vein prospects on the southern Kinkaid claims is now thought to be consistent with a possible porphyry-type intrusion at depth. The discovery of thick packages of skarnified metasediments and previously unknown granitic intrusions on the northern claims near several small-scale former gold-tungsten producers has greatly increased the size potential of the skarn system at Kinkaid. The northern portion of the claims hosts at least 4 historic skarn occurrences (see Photo 1) spread across a 1.6 km x 600 m area, including two that were mined underground, reportedly for gold and/or tungsten.

Romios' recent mapping indicates that there are potentially two major formations with much greater size potential than the historic mining sites. Mineralization at those sites occurs in garnet skarn horizons that are several metres wide in outcrop but, of potentially greater significance in at least one case, a nearby 40 metre wide partially skarnified package of limestone and calcareous siltstones exhibits local retrograde alteration and minor visible copper mineralization. This thick package of prospective strata has been traced for over 400 metres so far and two previously unknown granitic plutons have also been discovered nearby.

For the first time, gossanous mineralization and garnet skarnification was also located along the edge of a major, 200 metre wide, limestone formation between the historic workings and a major batholith that crops out 300 metres to the north. These thick, skarnified limestone packages and the newly discovered granitic plutons that may have acted as the heat and Cu-Au-W source for the skarn deposits provide excellent, large-scale prospective targets with potential for much larger mineralized zones than were mined here in the past. Assays are now pending from numerous samples collected from the skarns, mineralized veins and alteration zones during the May 2023 program.

Along with ongoing petrographic and hyperspectral studies, these results will be used to further refine the geological model of the Kinkaid mineralization and help guide the next phase of the work. At this point, various geophysical, geochemical and geological options are under consideration for detecting and outlining any possible porphyry/plutonic systems beneath the veins and skarn occurrences on the Kinkaid claims.