Romarco Minerals Inc. Encounters 31.8 meters of 17.3 g/t at West Ledbetter and provides land update
Drilling between South Pit and Ledbetter continues to identify mineralization between the two proposed pits. RCT-49 returned 31.8 meters of 17.3 g/t gold, including a high-grade intercept of 7.6 meters of 66.9 g/t gold. There are several additional intervals of mineralization within RCT-49, which are noted in the table below. DDH-384 was drilled to the northeast encountering mineralization within 33 meters of DDH-351 (released October 28, 2010 - 51.2 meters of 4.1 g/t) and extending to within 65 meters of RCT-33 and RC-1771 (released July 21, 2010 - 54.9 meters of 2.6 g/t). DDH-384 encountered multiple zones of mineralization including 99.6 meters of 1.5 g/t gold and 69.8 meters of 4.5 g/t gold. Drilling in this area between South Pit and Ledbetter continues to define significant mineralization beyond the current reserve pit boundaries and is demonstrating further continuity between these zones. Additional drilling is planned to continue defining the shape and extent of this mineralization.
In the western portion of South Pit, DDH-350 encountered 39.2 meters of 2.6 g/t gold, including a higher-grade intercept of 17.7 meters of 4.3 g/t gold. This drill hole is located within the higher-grade area of South Pit named Mill Zone.
Selected drill results are summarized in the table below:
TABLE 1
Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
RCT-49
W. Ledbetter
Interval 2.4 192.0 194.4 0.9
Interval 6.5 209.4 215.9 1.2
Interval 2.3 243.8 246.1 0.8
Interval 3.6 253.3 256.9 1.4
Interval 10.7 259.1 269.8 1.5
Interval 3.0 280.4 283.4 2.5
Interval 31.8 289.6 321.4 17.3
Including 7.6 306.3 313.9 66.9
Interval 8.8 340.2 349.0 1.4
RCT-33
W. Ledbetter
Interval 4.2 277.8 281.9 2.0
Interval 33.5 329.2 362.7 4.0
DDH-383
W. Ledbetter
Interval 4.6 157.9 162.5 0.8
Interval 4.9 183.6 188.5 0.6
Interval 6.2 262.1 268.3 1.0
DDH-384
W. Ledbetter
Interval 4.9 169.1 174.0 0.7
Interval 15.2 179.8 195.0 0.8
Interval 3.2 207.3 210.5 1.6
Interval 99.6 213.1 312.7 1.5
Interval 69.8 330.7 400.5 4.5
Including 22.7 364.4 387.1 6.7
DDH-350
Mill Zone
Interval 39.2 93.1 132.3 2.7
Including 17.7 109.7 127.4 4.3
Interval 6.7 135.0 141.7 1.2
Interval 3.4 147.8 151.2 1.3
Interval 4.6 155.4 160.0 0.7
Plan view maps are available on the homepage of the Company's website:
www.romarco.com
Land Update
Romarco is also pleased to provide an update on its land position. The Company currently owns approximately 9,000 acres of private, fee simple land and controls approximately 460 acres of leased mineral claims.
Romarco's property position includes all of the land necessary for the proposed mine plan detailed in its most recent Feasibility Study (filed February 22, 2011 on SEDAR). The reserve pits in that study encompass less than 10% of the current Haile land position. More than 5,200 acres are contiguous land parcels. The current Haile land package extends between 1 and 2 kilometers beyond the currently planned reserve pits, along the mineralized trend. These areas cover highly prospective ground for exploration adjacent to the main Haile deposit and are the focus of Romarco's 2011 exploration drill program.
Drilling is being performed by Romarco's company owned drills, by Connors Drilling, and by Boart Longyear. The drill samples are prepared and assayed by Alfred H. Knight Group (formerly named Alaska Assay Laboratory). 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 Feasibility Technical Report dated February 10, 2011 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 primarily in the US. The Company has completed a positive Feasibility study and is continuing exploration drilling and permitting for its flagship project, the Haile Gold Mine in South Carolina.
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.
For further information:
Romarco Minerals Inc.
Diane Garrett, President and CEO
Phone: 210-621-4200
E-mail: dgarrett@romarco.com
Dan Symons, Manager, Investor Relations
Phone: 416-367-5500
E-mail: dsymons@romarco.com
www.romarco.com
Renmark Financial Communications Inc.
Maurice Dagenais
514-939-3989 or via e-mail at mdagenais@renmarkfinancial.com