ROMARCO DRILLS 77.7 METERS OF 8.0 G/T AND 148.3 METERS OF 3.6 G/T
9/7/2010 1:53 PM - Canada NewsWire
TORONTO, Sep. 7, 2010 (Canada NewsWire via COMTEX News Network) --
ROMARCO MINERALS INC. (TSX-V:R) (the "Company") is pleased to announce ongoing drilling results from the Haile Gold Mine in South Carolina. The results indicate continued expansion of the mineralized zones at Haile and the increased potential for continuity of the mineralized system between Snake and Horseshoe. Highlighted holes from each zone include:
<<
RC-1816 - encountered 77.7 meters of 8.0 g/t gold on the western edge of
Ledbetter,
RC-1795 - encountered 19.8 meters of 10.6 g/t gold at Snake,
RCT-019 - encountered 30.8 meters of 4.9 g/t gold 74 meters east of Snake
and 166 meters west of Horseshoe, and
RCT-025 - encountered 148.3 meters of 3.6 g/t gold at Horseshoe.
>>
All zones on the Haile project remain open in all directions and at depth. See table below for drill results.
The Company also discloses that it has recovered core samples from its ongoing drill program in the Horseshoe zone containing heavy concentrations of visible gold from 426.7 meters to 427.1 meters in DDH-379, which is projected to be 15 meters from RCT-004. The quantity of gold can only be definitively determined through assaying; however, the Company is contemplating not assaying this core and instead displaying it in the Haile Gold Mine museum due to the extraordinary quantity of gold and rare nature of this type of specimen.
Pictures of the core are available at:
romarco.com/projects/index.php?&content_id=323 or on the Company's website (www.romarco.com).
Diane Garrett, President and CEO commented, "We continue to be pleased with the results from this world class gold deposit. The grades and extent of mineralized intercepts being encountered continue to demonstrate the robust nature of the orebody and the opportunities for expanding the resource. The extension of Ledbetter to the west, South Pit to the west and Snake to the northeast is very encouraging, particularly with the higher grades being encountered. Although Horseshoe is still very much a new discovery zone and in its early stages of development, the results reported today further support our hypothesis that Horseshoe is an extension of the Haile mineralized system and that Snake and Horseshoe may ultimately connect with additional drilling."
Selected drilling results from the South Pit, Ledbetter, Snake, and Horseshoe zones are summarized in the table below:
<<
--------------------------------------------------
Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
--------------------------------------------------
--------------------------------------------------
RC-1799
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 3.0 126.5 129.5 3.5
--------------------------------------------------
Interval 3.0 141.7 144.7 0.6
--------------------------------------------------
Interval 3.0 149.4 152.4 1.4
--------------------------------------------------
RC-1807
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 21.3 195.1 216.4 3.0
--------------------------------------------------
Including 6.1 205.7 211.8 5.6
--------------------------------------------------
Interval 9.1 297.2 306.3 0.5
--------------------------------------------------
RC-1808
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 9.1 185.9 195.0 1.3
--------------------------------------------------
Interval 16.8 202.7 219.5 1.1
--------------------------------------------------
Interval 4.6 272.8 277.4 1.1
--------------------------------------------------
Interval 10.7 289.5 300.2 2.9
--------------------------------------------------
Including 4.6 295.6 300.2 4.9
--------------------------------------------------
Interval 7.6 307.9 315.5 2.2
--------------------------------------------------
RC-1812
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 7.6 121.9 129.5 1.2
--------------------------------------------------
Interval 27.4 176.8 204.2 3.8
--------------------------------------------------
Including 6.1 179.8 185.9 9.3
--------------------------------------------------
RC-1817
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 4.6 62.5 67.1 1.0
--------------------------------------------------
Interval 9.1 214.9 224.0 4.8
--------------------------------------------------
Interval 3.0 262.1 265.1 0.8
--------------------------------------------------
RC-1792
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 132.6 135.6 0.8
--------------------------------------------------
Interval 9.1 207.3 216.4 4.5
--------------------------------------------------
Interval 6.1 236.2 242.3 6.3
--------------------------------------------------
Interval 7.6 449.6 457.2 0.7
--------------------------------------------------
Interval 7.6 463.3 470.9 0.8
--------------------------------------------------
RC-1803
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 12.2 15.2 0.6
--------------------------------------------------
Interval 3.0 150.9 153.9 0.6
--------------------------------------------------
Interval 9.1 157.0 166.1 0.9
--------------------------------------------------
Interval 6.1 201.2 207.3 0.5
--------------------------------------------------
Interval 6.1 396.2 402.3 3.5
--------------------------------------------------
RC-1810
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 114.3 117.3 0.9
--------------------------------------------------
Interval 48.8 216.4 265.2 3.1
--------------------------------------------------
Including 15.2 217.9 233.1 7.8
--------------------------------------------------
Interval 30.5 300.2 330.7 0.8
--------------------------------------------------
Interval 16.8 336.8 353.6 0.7
--------------------------------------------------
RC-1816
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 307.9 310.9 3.5
--------------------------------------------------
Interval 77.7 333.8 411.5 8.0
--------------------------------------------------
Including 10.7 335.3 346.0 46.4
--------------------------------------------------
RC-1795
--------------------------------------------------
Snake
--------------------------------------------------
Interval 19.8 125.0 144.8 10.6
--------------------------------------------------
Including 9.1 134.1 143.2 21.1
--------------------------------------------------
Interval 6.1 201.2 207.3 1.0
--------------------------------------------------
Interval 48.8 274.3 323.1 0.7
--------------------------------------------------
Interval 4.6 338.3 342.9 1.0
--------------------------------------------------
RC-1798
--------------------------------------------------
Snake
--------------------------------------------------
Interval 7.6 155.4 163.0 3.9
--------------------------------------------------
Interval 3.0 172.2 175.2 0.7
--------------------------------------------------
RCT-012
--------------------------------------------------
Snake-Horseshoe
--------------------------------------------------
Interval 21.0 398.4 419.4 2.3
--------------------------------------------------
Including 13.7 399.3 413.0 3.2
--------------------------------------------------
RCT-019
--------------------------------------------------
Snake-Horseshoe
--------------------------------------------------
Interval 16.7 441.9 458.6 6.3
--------------------------------------------------
Interval 4.5 467.8 472.3 6.6
--------------------------------------------------
Interval 7.2 492.4 499.6 8.0
--------------------------------------------------
Interval 4.6 506.0 510.6 0.9
--------------------------------------------------
Interval 7.6 513.6 521.2 1.5
--------------------------------------------------
Interval 30.8 563.6 594.4 4.9
--------------------------------------------------
Interval 7.1 611.6 618.7 1.6
--------------------------------------------------
Interval 6.1 649.2 655.3 1.6
--------------------------------------------------
RCT-025
--------------------------------------------------
Horseshoe
--------------------------------------------------
Interval 148.3 263.2 411.5 3.6
--------------------------------------------------
Including 12.2 310.9 323.1 7.2
--------------------------------------------------
Including 7.6 339.9 347.5 8.0
--------------------------------------------------
Including 51.2 352.7 403.9 4.9
--------------------------------------------------
>>
Drilling is being performed by Romarco's company owned drill, by Connors Drilling, and by Boart Longyear. The drill samples are prepared and assayed by Alaska Assay Laboratories. Samples are prepared at their facility in Spartanburg, SC and assaying is completed in Fairbanks, AK. Blank samples and third party standards are inserted at random for submittal with all of the drill samples. The results of the control samples are within acceptable ranges. Periodic duplicate and check samples are analyzed by ALS Chemex in Reno, NV. For a full discussion of the Company's sampling, analysis, quality assurance, quality control, and other technical disclosure, please see the Company's NI 43-101 Technical Report dated December 3, 2009 and revised April 1, 2010 on SEDAR. Romarco's Qualified Person under NI 43-101 is Peter J. Butterfield, senior geologist at Haile.
<< About Romarco Minerals Inc. --------------------------- >>
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 in the process of a feasibility study and continued exploration drilling. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage.
Please note:
This entire press release may be accessed via fax, e-mail, Romarco's website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com
--------------------------------------------------
9/7/2010 1:53 PM - Canada NewsWire
TORONTO, Sep. 7, 2010 (Canada NewsWire via COMTEX News Network) --
ROMARCO MINERALS INC. (TSX-V:R) (the "Company") is pleased to announce ongoing drilling results from the Haile Gold Mine in South Carolina. The results indicate continued expansion of the mineralized zones at Haile and the increased potential for continuity of the mineralized system between Snake and Horseshoe. Highlighted holes from each zone include:
<<
RC-1816 - encountered 77.7 meters of 8.0 g/t gold on the western edge of
Ledbetter,
RC-1795 - encountered 19.8 meters of 10.6 g/t gold at Snake,
RCT-019 - encountered 30.8 meters of 4.9 g/t gold 74 meters east of Snake
and 166 meters west of Horseshoe, and
RCT-025 - encountered 148.3 meters of 3.6 g/t gold at Horseshoe.
>>
All zones on the Haile project remain open in all directions and at depth. See table below for drill results.
The Company also discloses that it has recovered core samples from its ongoing drill program in the Horseshoe zone containing heavy concentrations of visible gold from 426.7 meters to 427.1 meters in DDH-379, which is projected to be 15 meters from RCT-004. The quantity of gold can only be definitively determined through assaying; however, the Company is contemplating not assaying this core and instead displaying it in the Haile Gold Mine museum due to the extraordinary quantity of gold and rare nature of this type of specimen.
Pictures of the core are available at:
romarco.com/projects/index.php?&content_id=323 or on the Company's website (www.romarco.com).
Diane Garrett, President and CEO commented, "We continue to be pleased with the results from this world class gold deposit. The grades and extent of mineralized intercepts being encountered continue to demonstrate the robust nature of the orebody and the opportunities for expanding the resource. The extension of Ledbetter to the west, South Pit to the west and Snake to the northeast is very encouraging, particularly with the higher grades being encountered. Although Horseshoe is still very much a new discovery zone and in its early stages of development, the results reported today further support our hypothesis that Horseshoe is an extension of the Haile mineralized system and that Snake and Horseshoe may ultimately connect with additional drilling."
Selected drilling results from the South Pit, Ledbetter, Snake, and Horseshoe zones are summarized in the table below:
<<
--------------------------------------------------
Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
--------------------------------------------------
--------------------------------------------------
RC-1799
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 3.0 126.5 129.5 3.5
--------------------------------------------------
Interval 3.0 141.7 144.7 0.6
--------------------------------------------------
Interval 3.0 149.4 152.4 1.4
--------------------------------------------------
RC-1807
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 21.3 195.1 216.4 3.0
--------------------------------------------------
Including 6.1 205.7 211.8 5.6
--------------------------------------------------
Interval 9.1 297.2 306.3 0.5
--------------------------------------------------
RC-1808
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 9.1 185.9 195.0 1.3
--------------------------------------------------
Interval 16.8 202.7 219.5 1.1
--------------------------------------------------
Interval 4.6 272.8 277.4 1.1
--------------------------------------------------
Interval 10.7 289.5 300.2 2.9
--------------------------------------------------
Including 4.6 295.6 300.2 4.9
--------------------------------------------------
Interval 7.6 307.9 315.5 2.2
--------------------------------------------------
RC-1812
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 7.6 121.9 129.5 1.2
--------------------------------------------------
Interval 27.4 176.8 204.2 3.8
--------------------------------------------------
Including 6.1 179.8 185.9 9.3
--------------------------------------------------
RC-1817
--------------------------------------------------
South Pit
--------------------------------------------------
Interval 4.6 62.5 67.1 1.0
--------------------------------------------------
Interval 9.1 214.9 224.0 4.8
--------------------------------------------------
Interval 3.0 262.1 265.1 0.8
--------------------------------------------------
RC-1792
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 132.6 135.6 0.8
--------------------------------------------------
Interval 9.1 207.3 216.4 4.5
--------------------------------------------------
Interval 6.1 236.2 242.3 6.3
--------------------------------------------------
Interval 7.6 449.6 457.2 0.7
--------------------------------------------------
Interval 7.6 463.3 470.9 0.8
--------------------------------------------------
RC-1803
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 12.2 15.2 0.6
--------------------------------------------------
Interval 3.0 150.9 153.9 0.6
--------------------------------------------------
Interval 9.1 157.0 166.1 0.9
--------------------------------------------------
Interval 6.1 201.2 207.3 0.5
--------------------------------------------------
Interval 6.1 396.2 402.3 3.5
--------------------------------------------------
RC-1810
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 114.3 117.3 0.9
--------------------------------------------------
Interval 48.8 216.4 265.2 3.1
--------------------------------------------------
Including 15.2 217.9 233.1 7.8
--------------------------------------------------
Interval 30.5 300.2 330.7 0.8
--------------------------------------------------
Interval 16.8 336.8 353.6 0.7
--------------------------------------------------
RC-1816
--------------------------------------------------
Ledbetter
--------------------------------------------------
Interval 3.0 307.9 310.9 3.5
--------------------------------------------------
Interval 77.7 333.8 411.5 8.0
--------------------------------------------------
Including 10.7 335.3 346.0 46.4
--------------------------------------------------
RC-1795
--------------------------------------------------
Snake
--------------------------------------------------
Interval 19.8 125.0 144.8 10.6
--------------------------------------------------
Including 9.1 134.1 143.2 21.1
--------------------------------------------------
Interval 6.1 201.2 207.3 1.0
--------------------------------------------------
Interval 48.8 274.3 323.1 0.7
--------------------------------------------------
Interval 4.6 338.3 342.9 1.0
--------------------------------------------------
RC-1798
--------------------------------------------------
Snake
--------------------------------------------------
Interval 7.6 155.4 163.0 3.9
--------------------------------------------------
Interval 3.0 172.2 175.2 0.7
--------------------------------------------------
RCT-012
--------------------------------------------------
Snake-Horseshoe
--------------------------------------------------
Interval 21.0 398.4 419.4 2.3
--------------------------------------------------
Including 13.7 399.3 413.0 3.2
--------------------------------------------------
RCT-019
--------------------------------------------------
Snake-Horseshoe
--------------------------------------------------
Interval 16.7 441.9 458.6 6.3
--------------------------------------------------
Interval 4.5 467.8 472.3 6.6
--------------------------------------------------
Interval 7.2 492.4 499.6 8.0
--------------------------------------------------
Interval 4.6 506.0 510.6 0.9
--------------------------------------------------
Interval 7.6 513.6 521.2 1.5
--------------------------------------------------
Interval 30.8 563.6 594.4 4.9
--------------------------------------------------
Interval 7.1 611.6 618.7 1.6
--------------------------------------------------
Interval 6.1 649.2 655.3 1.6
--------------------------------------------------
RCT-025
--------------------------------------------------
Horseshoe
--------------------------------------------------
Interval 148.3 263.2 411.5 3.6
--------------------------------------------------
Including 12.2 310.9 323.1 7.2
--------------------------------------------------
Including 7.6 339.9 347.5 8.0
--------------------------------------------------
Including 51.2 352.7 403.9 4.9
--------------------------------------------------
>>
Drilling is being performed by Romarco's company owned drill, by Connors Drilling, and by Boart Longyear. The drill samples are prepared and assayed by Alaska Assay Laboratories. Samples are prepared at their facility in Spartanburg, SC and assaying is completed in Fairbanks, AK. Blank samples and third party standards are inserted at random for submittal with all of the drill samples. The results of the control samples are within acceptable ranges. Periodic duplicate and check samples are analyzed by ALS Chemex in Reno, NV. For a full discussion of the Company's sampling, analysis, quality assurance, quality control, and other technical disclosure, please see the Company's NI 43-101 Technical Report dated December 3, 2009 and revised April 1, 2010 on SEDAR. Romarco's Qualified Person under NI 43-101 is Peter J. Butterfield, senior geologist at Haile.
<< About Romarco Minerals Inc. --------------------------- >>
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 in the process of a feasibility study and continued exploration drilling. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage.
Please note:
This entire press release may be accessed via fax, e-mail, Romarco's website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com
--------------------------------------------------
