- Published: 23 September 2008
- Written by Editor
Romarco Intercepts 37 m of 7.9 g/t & 55 m of 6 g/t at Haile
ROMARCO MINERALS INC. (TSX-V: R) (the "Company") is pleased to announce assay results from several drill holes at the Haile Gold Mine, in South Carolina. All holes returned significant results which is typified by those from hole DDH 301, which returned a composite sequence of 37 meters of 7.9 g/t including a 21.7 meter intercept of 11.62 g/t. Hole DDH 305 returned a composite zone of 54.8 meters of 6.01 g/t gold including a 25.1 meter intercept of 10.77 g/t gold. All drill results are within the confines of the designed open pit but were not included in the recently release new resource estimate (see press release dated September 4, 2008). The current measured and indicated resource is 1.5 million ounces of gold (34.9 million tonnes at 1.34 g/t). There is an additional 678,630 of inferred resources (26 million tonnes at 0.81 g/t).
See table below for details.
-***-
-------------------------------------------------
Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
-------------------------------------------------
DDH - 299
-------------------------------------------------
Composite Zone 6.4 66.8 73.2 6.4
-------------------------------------------------
DDH - 301
-------------------------------------------------
Composite Zone 4.6 44.2 48.8 2.93
-------------------------------------------------
Composite Zone 36.7 56.3 93 7.99
-------------------------------------------------
Including 21.7 67 88.7 11.62
-------------------------------------------------
DDH - 302
-------------------------------------------------
Composite Zone 24 77.7 102.1 7.7
-------------------------------------------------
Including 15 79.2 94.5 10.6
-------------------------------------------------
Composite Zone 29 120 149.4 9.2
-------------------------------------------------
Including 7.6 123.4 131 13.8
-------------------------------------------------
Including 4.6 143.2 147.8 17.4
-------------------------------------------------
DDH-303
-------------------------------------------------
Composite Zone 17.9 35.4 53.3 2.85
-------------------------------------------------
Including 4.9 37.8 42.7 6.83
-------------------------------------------------
DDH-304
-------------------------------------------------
Composite Zone 47.2 118.9 166.1 2.35
-------------------------------------------------
Including 6.1 149.4 155.5 10.03
-------------------------------------------------
DDH-305
-------------------------------------------------
Composite Zone 54.8 99.1 153.9 6.01
-------------------------------------------------
Including 25.1 114.3 139.4 10.77
-------------------------------------------------
-****-
Romarco is currently drilling exploration holes in the northeast section of the property. The mineralized zone continues to remain open in three directions.
The current drilling is being performed by Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Along with permanent Romarco staff on sight, the current work is being overseen by Roberts and Schaefer of Salt Lake City as well as Gustavson & Associates of Boulder, CO. Romarco's Qualified Person is Tom Kilbey, Sr. Geologist with the Company.
Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Company's flagship project is the Haile Gold Mine in South Carolina which is currently undergoing exploration drilling, bankable feasibility study and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has three gold exploration projects in Nevada.
For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it. or Shirene Urton, Executive Assistant at (775) 355-1900 or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
ON BEHALF OF ROMARCO MINERALS INC.
"Diane R. Garrett" Diane R. Garrett, President and C.E.O.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
Distributed by Filing Services Canada and retransmitted by Marketwire
ROMARCO MINERALS INC. 997 Greg Street Sparks, Nevada USA 89431 Email Contact
SOURCE: Romarco Minerals Inc.
http://www2.marketwire.com/mw/emailprcntct?id=C5AB7E37B3F07D0E
