Early this year, Romios staked the 63-sq.-km Sudbury West Basin property in McKinnon and Mongowin twps., near Espanola. A 584-line-km airborne magnetic and electromagnetic (Megatem) survey has been completed, resulting in the identification of four anomalous conductive zones. Ground geophysics (magnetic, horizontal loop electromagnetic, and induced polarization) have been carried out on these zones. The property is underlain by a gabbroic rock.
A separate airborne magnetic and electromagnetic survey was completed on the Baldwin-Shakespeare project in Baldwin and Shakespeare twps. Romios optioned the 11.6-sq.-km (72-claim) property in early 2004. The survey was flown at an altitude of 30 metres and with 100-metre line spacing. Portions of the Sudbury West Basin property were also covered. Four areas of anomalous conductivity correlate with magnetic trends. Horizontal loop electromagnetic surveys were completed over three of the Aerotem anomalies. Drilling was to have begun by presstime.
The Baldwin-Shakespeare property is underlain in part by gabbro. A brecciated quartzite, along the contact of a gently dipping gabbro sill, contains several copper occurrences, and an altered carbonate-rich mafic volcanic-gabbro unit also hosts copper mineralization.
Romios has negotiated an option agreement on a 0.6-sq.-km property in Baldwin Twp., contiguous with the Baldwin-Shakespeare property.
At the end of March, the company had 9.7 million shares outstanding.
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