The wholly-owned, 541-hectare Scossa property covers the former high-grade Scossa gold mine from the 1930s-40s era, when gold was valued at just $US35 per ounce.  Mining at that time of epithermal-style gold mineralization hosted in 5 veins progressed only as deep as the 400-foot level. Historical records indicate that the ore mined at Scossa was so rich that it was stored in a bank vault in nearby Lovelock.  Numerous other veins are now known, none of which have been mined nor drilled.  The Scossa property is subject to a 2% Gross Proceeds royalty.

Indications That Much Remains

Previous drilling by the Company in 2000, 2003 and 2006, intersected bonanza grade gold mineralization in several shallow holes (e.g., 3.35 metres @ 180.2 g/t Au). More recently, a 3D model of the past drilling and underground workings was completed in 2022. This model indicates excellent potential for substantial high-grade gold shoots at shallow levels down-plunge to the south of the old workings on the main vein, in the vicinity of the bonanza grade drill intersections previously achieved. Records of past work on several adjacent parallel veins are too incomplete to allow for a robust model but the Company’s surface sampling, geological observations and limited past drilling suggest that these veins also have good potential for high-grade shoots above the paleo boiling zone level.

Mapping and prospecting by Romios in 2023 increased the potential strike length of the mineralized system by some 300 metres along strike to the south, where a wide quartz vein, partially exposed in an old pit, assayed 10.2 g/t Au across a 1 metre sample.