Quantcast
Last updated on April 18, 2014 at 17:24 EDT

Romarco Expands Haile North Zone With New 83.5 M Intercept at 4.0 G/T Au

October 29, 2008

ROMARCO MINERALS INC. (TSX-V: R) (the “Company”) is pleased to announce assay results from several exploration holes at its Haile Mine in South Carolina. These holes were drilled to test the strike and dip extension of the gold mineralization on the northern trend open pit target zone. The holes intersected substantial mineralization (up to 83 meters thick averaging 4 g/t Au) that expands the northern zone 50 meters to the north beyond the drilled limits used for this month’s published NI43-101 resource. The new drilling indicates the north zone maintains a +50 meter thick core that is interpreted to follow a primary northeast corridor. This zone remains open in three directions and is currently being tested by ongoing exploration drilling. The comparison of the new drill results versus existing results can be seen through a descriptive map and cross section appearing on www.romarco.com later this week.

All these new holes were drilled to the south at a moderate to steep angle to cross the mineralization at approximately true thickness. All of the mineralized zones intersected were hosted within silicified quartz-sericite-pyrite phyllites or nearby sheared phyllite.

DDH-317 encountered a 49.4 meter (162 feet) zone of 2.8 g/t Au that represents an expansion 30 meters north of results earlier this month (see Press Release dated Oct. 15, 2008). DDH-318 encountered 17.5 meters (57.5 feet) of 19.9 g/t Au adjacent to a partially mineralized shear zone and further expands the known zone 24 meters to the southeast. The center of this interval from DDH-318 contained visible gold at 203.5 meters. DDH-319, drilled under the DDH-318 intercept, encountered 60 meters (196 feet) of 3.45 g/t Au. The comparison of DDH-318 and DDH-319 indicates that the continuity of this northern zone improves to the north and northeast.

DDH-320 was drilled between DDH-316 (62.5m @ 2.4 g/t) and DDH-317 (49.4m @ 2.8 g/t) and encountered 83.5 meters (274 feet) of 3.99 g/t Au, which may penetrate the core of the northern zone. The northeast trending core of this zone is being tested by new drilling, while future drilling will be used to determine the boundary for the mineralized zone. See the table below for details.

 Hole          Interval          From          To          Gold               (meters)        (meters)     (meters)       (g/t) DDH - 317 Interval Zone     49.4          152.4        201.8         2.8 Including          4.1          192.0        196.1         5.5 DDH - 318 Interval Zone      2.0          164.1        166.1         3.0 Shear Zone         1.3          177.0        178.3         5.2 Interval Zone     17.5          194.3        211.8        19.9 Including          4.0          199.6        203.6        73.7 with               0.2          203.4        203.6         661 Hole          Interval          From          To          Gold               (meters)        (meters)     (meters)       (g/t) DDH - 319 Interval Zone    60.0           168.6        228.6         3.4 Including         1.5           196.6        198.1         7.9 DDH - 320 Interval Zone    83.5           161.5          245         4.0 Including         7.4           175.5        182.9         9.7 and              11.9           233.1          245         7.6 

The current drill program’s goal is to expand known resource zones and identify additional ones. The program has already been expanded to follow-up these new results. There is one core drill rig is working on site and a reverse circulation rig is being mobilized to the site in order to expedite the resource delineation.

Drilling services are being performed by the Eastern U.S. division of Boart Longyear. Sawn core samples are being assayed by Inspectorate Labs in Sparks, NV. The core was halved and sampled with control samples inserted and the results for the controls were all within acceptable ranges. 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 U.S. 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 that is currently being drill tested. The Company also has two gold exploration projects in Nevada.

For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or Shirene Urton, Executive Assistant at (775) 355-1900.

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

 Contact Diane Garrett President and C.E.O. (830) 624-6249  Shirene Urton Executive Assistant (775) 355-1900  

SOURCE: Romarco Minerals Inc.