The miner said the claims cover the on-strike continuation of the mineralized iron formation and coincident shear zone that host the Arseno Lake zinc-lead-silver-gold prospect in the northwestern part of the province.

According to Romios, this prospect was discovered by Northern Dynasty Explorations in 1987 and is currently held by Newmont Corp (NYSE: NEM, TSX: NGT). However, little work of any material significance has been done on the property since 1988.

“Romios’ new claims flank Newmont’s Arseno Lake claims on both the east and west sides, 2 kilometres and 3 kilometres respectively from the centre of the historic prospect,” the media brief states. “The westernmost drill hole completed by Northern Dynasty intersected 3.2 m grading 4.8% zinc, 1.1 % lead and 2.4 oz/t silver. This hole is 1.8 kilometres from the western block of Romios’ new claims and no holes were drilled farther west even though the untested horizon carries on westward for at least 3.4 kilometres and possibly as much as 8 kilometres.”

In the view of the Toronto-based company, the potentially significant gold overprint of the Arseno Lake horizon has been underexplored and can now be readily assessed through relatively inexpensive means such as modern soil sampling and advanced analytical techniques.