ROMARCO DRILLS 115.3 METERS OF 3.4 G/T GOLD AT MILL ZONE AND 47.2 METERS OF 5.3 G/T GOLD BETWEEN SNAKE AND HORSESHOE
TORONTO, June 29, 2011 /CNW/ --
TORONTO, June 29, 2011 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX: R) (the 'Company') is pleased to provide an update of recent assay results
from the on-going drill program at its 100%-owned Haile Gold Mine
project in South Carolina. The results continue to demonstrate the
sustained growth and continuity of the mineralized system at Haile.
Highlighted holes from zones throughout the property include:
-- DDH-372, an infill hole in Mill Zone (the higher grade portion
of South Pit) encountered 115.3 meters of 3.4 g/t gold
(including a 34.1-meter zone of 5.7 g/t gold) beginning 13.4
meters below the surface;
-- DDH-396 encountered 53.7 meters of 3.7 g/t gold (including a
1.5-meter zone of 73.8 g/t gold) and 45.3 meters of 3.0 g/t
gold between Ledbetter and South pits (including a 4.6-meter
zone of 11.1 g/t gold);
-- RCT-81 encountered 15.2 meters of 4.3 g/t gold in the western
portion of Snake;
-- RCT-46 located between Snake and Horseshoe encountered 32.0
meters of 3.1 g/t gold (including a 5.9-meter zone of 7.9 g/t
gold) and 47.2 meters of 5.3 g/t gold (including a 5.0-meter
zone of 8.4 g/t and a 15.2-meter zone of 11.3 g/t gold)
approximately 33 meters west of RCT-19 (30.8 meters of 4.9 g/t
gold - see September 7, 2010 press release);
-- RC-1995, a step-out hole at Horseshoe, intersected 36.6 meters
of 4.6 g/t gold (including a 3.0-meter zone of 28.9 g/t gold)
and will extend a portion of the mineralization closer to the
surface.
Step-out drilling is continuing to define several new prospective
targets outside of the resource shell. RC-1973 encountered 21.3 meters
of 3.1 g/t gold (including 7.6 meters of 6.6 g/t gold) located over 450
meters north of the proposed South Pit and RCT-63 encountered 21.3
meters of 3.2 g/t gold (including 12.5 meters of 4.4 g/t gold)
approximately 500 meters below the surface and 50 meters south of the
proposed South Pit. Additionally, deeper drill testing southwest of
Snake has encountered mineralization at depths greater than any
previous Haile drilling. RCT-51, located over 360 meters northeast of
RCT-63, identified multiple mineralized intervals including 44.2 meters
of 1.2 g/t gold and 32.0 meters of 1.7 g/t gold, which were encountered
between 580 to 745 meters below surface and below the southwest extent
of the proposed Snake pit. These results demonstrate the continuation
of the Haile mineralized system well beyond the designed resource
boundaries. The deeper mineralization along the southern edge of the
Haile system is very poorly constrained over a large area; yet, RCT-63
shows the grades can be sufficient for consideration of underground
mining and the continuation of broad mineralized intercepts
demonstrates potential for finding additional resources at depth.
Further drilling is planned around all new intercepts to better define
the mineralization in these new target areas.
Exploration drilling north of Ledbetter has identified gold
mineralization well beyond the known Haile resource. RC-1943
encountered multiple zones of mineralization, including 16.8 meters of
3.5 g/t gold (including 4.6 meters of 9.4 g/t gold), located over 300
meters north from the currently proposed Ledbetter pit wall. The
mineralized intercepts begin at 290 meters below surface; slightly
lower than the planned pit bottom and significantly shallower than
previously projected northerly extensions of the Ledbetter ore body.
Additional drilling in the area encountered 12.2 meters of 3.7 g/t gold
in RC-1972. Assays are pending from follow-up holes around RC-1943 to
begin determining the size and shape of this mineralization.
To view a table of selected drill results, see Appendix.
Plan view maps are available on the homepage of the Company's website: www.romarco.com
Sample Procedure
Drilling is being performed by Romarco's company owned drills (4 core, 1
reverse circulation), by Connors Drilling, and by Boart Longyear. The
drill samples are prepared and assayed by Alfred H. Knight Group
(formerly 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
National Instrument ('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.
Appendix
Table of Selected Drill Holes
___________________________________________________
| Hole |Interval| From | To |Gold |
| |(meters)|(meters)|(meters)|(g/t)|
|__________________|________|________|________|_____|
| | | | | |
|__________________|________|________|________|_____|
| RC-1969 | | | | |
|__________________|________|________|________|_____|
| Small | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 77.7 | 80.7 | 1.0 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 256.0 | 262.1 | 0.9 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 410.0 | 414.6 | 0.5 |
|__________________|________|________|________|_____|
| RC-1962 | | | | |
|__________________|________|________|________|_____|
| Mill Zone | | | | |
|__________________|________|________|________|_____|
| Interval | 7.6 | 91.5 | 99.1 | 2.2 |
|__________________|________|________|________|_____|
| Interval | 9.1 | 108.2 | 117.3 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 129.6 | 132.6 | 0.8 |
|__________________|________|________|________|_____|
| DDH-372 | | | | |
|__________________|________|________|________|_____|
|Mill Zone - Infill| | | | |
|__________________|________|________|________|_____|
| Interval | 115.3 | 13.4 | 128.7 | 3.4 |
|__________________|________|________|________|_____|
| Including | 34.1 | 56.4 | 90.5 | 5.7 |
|__________________|________|________|________|_____|
| Interval | 2.1 | 132.0 | 134.1 | 0.8 |
|__________________|________|________|________|_____|
| RC-1973 | | | | |
|__________________|________|________|________|_____|
| N. Mill Zone | | | | |
|__________________|________|________|________|_____|
| Interval | 21.3 | 324.6 | 345.9 | 3.1 |
|__________________|________|________|________|_____|
| Including | 7.6 | 338.3 | 345.9 | 6.6 |
|__________________|________|________|________|_____|
| RCT-75 | | | | |
|__________________|________|________|________|_____|
| W. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 16.2 | 254.5 | 270.7 | 1.7 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 280.4 | 283.4 | 1.0 |
|__________________|________|________|________|_____|
| RCT-76 | | | | |
|__________________|________|________|________|_____|
| W. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 3.7 | 259.9 | 263.6 | 0.9 |
|__________________|________|________|________|_____|
| Interval | 21.6 | 292.6 | 314.2 | 1.4 |
|__________________|________|________|________|_____|
| DDH-390 | | | | |
|__________________|________|________|________|_____|
| W. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 152.4 | 155.4 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 10.4 | 171.0 | 181.4 | 0.5 |
|__________________|________|________|________|_____|
| Interval | 8.5 | 189.0 | 197.5 | 0.9 |
|__________________|________|________|________|_____|
| Interval | 11.3 | 256.9 | 268.2 | 1.0 |
|__________________|________|________|________|_____|
| Interval | 5.1 | 273.5 | 278.6 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 295.7 | 298.7 | 0.7 |
|__________________|________|________|________|_____|
| DDH-396 | | | | |
|__________________|________|________|________|_____|
| W. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 4.6 | 85.3 | 89.9 | 0.9 |
|__________________|________|________|________|_____|
| Interval | 12.1 | 221.1 | 233.2 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 30.5 | 251.5 | 282.0 | 1.4 |
|__________________|________|________|________|_____|
| Interval | 15.2 | 288.1 | 303.3 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 23.0 | 310.9 | 333.9 | 1.0 |
|__________________|________|________|________|_____|
| Interval | 53.7 | 339.5 | 393.2 | 3.7 |
|__________________|________|________|________|_____|
| Including | 1.5 | 368.8 | 370.3 |73.8 |
|__________________|________|________|________|_____|
| Interval | 45.3 | 403.8 | 449.1 | 3.0 |
|__________________|________|________|________|_____|
| Including | 4.6 | 429.8 | 434.4 |11.1 |
|__________________|________|________|________|_____|
| RC-1943 | | | | |
|__________________|________|________|________|_____|
| N. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 16.8 | 323.1 | 339.9 | 3.5 |
|__________________|________|________|________|_____|
| Including | 4.6 | 323.1 | 327.7 | 9.4 |
|__________________|________|________|________|_____|
| Interval | 10.7 | 374.9 | 385.6 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 390.1 | 394.7 | 1.2 |
|__________________|________|________|________|_____|
| RC-1972 | | | | |
|__________________|________|________|________|_____|
| N. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 285.0 | 288.0 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 358.2 | 361.2 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 367.3 | 370.3 | 1.7 |
|__________________|________|________|________|_____|
| Interval | 12.2 | 373.4 | 385.6 | 3.7 |
|__________________|________|________|________|_____|
| Interval | 7.6 | 408.4 | 416.0 | 1.0 |
|__________________|________|________|________|_____|
| RC-1981 | | | | |
|__________________|________|________|________|_____|
| N. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 112.8 | 115.8 | 8.5 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 288.1 | 291.1 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 399.3 | 403.9 | 0.5 |
|__________________|________|________|________|_____|
| RC-1983 | | | | |
|__________________|________|________|________|_____|
| N. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 181.4 | 184.4 | 1.6 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 192.1 | 195.1 | 1.5 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 339.8 | 344.4 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 347.5 | 352.1 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 12.2 | 362.7 | 374.9 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 396.2 | 400.8 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 406.9 | 409.9 | 1.7 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 414.5 | 420.6 | 1.1 |
|__________________|________|________|________|_____|
| RCT-66 | | | | |
|__________________|________|________|________|_____|
| S. Ledbetter | | | | |
|__________________|________|________|________|_____|
| Interval | 6.1 | 42.7 | 48.8 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 61.0 | 67.1 | 6.3 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 71.6 | 74.6 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 7.6 | 79.3 | 86.9 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 24.4 | 97.5 | 121.9 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 9.1 | 323.1 | 332.2 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 3.9 | 397.8 | 401.7 | 4.8 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 434.3 | 438.9 | 3.9 |
|__________________|________|________|________|_____|
| Interval | 4.3 | 446.5 | 450.8 | 1.1 |
|__________________|________|________|________|_____|
| RC-1974 | | | | |
|__________________|________|________|________|_____|
| South Pit | | | | |
|__________________|________|________|________|_____|
| Interval | 15.2 | 114.3 | 129.5 | 2.2 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 135.7 | 138.7 | 0.7 |
|__________________|________|________|________|_____|
| RCT-51 | | | | |
|__________________|________|________|________|_____|
| South Pit/Snake | | | | |
|__________________|________|________|________|_____|
| Interval | 15.8 | 319.5 | 335.3 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 4.9 | 342.6 | 347.5 | 1.0 |
|__________________|________|________|________|_____|
| Interval | 7.9 | 351.8 | 359.7 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 8.4 | 363.9 | 372.3 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 10.9 | 510.5 | 521.4 | 1.7 |
|__________________|________|________|________|_____|
| Interval | 44.2 | 612.6 | 656.8 | 1.2 |
|__________________|________|________|________|_____|
| Interval | 3.4 | 676.6 | 680.0 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 32.0 | 701.0 | 733.0 | 1.7 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 752.8 | 757.4 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 1.5 | 765.0 | 766.5 |10.7 |
|__________________|________|________|________|_____|
| Interval | 5.4 | 780.3 | 785.7 | 1.6 |
|__________________|________|________|________|_____|
| RCT-62 | | | | |
|__________________|________|________|________|_____|
| South Pit/Snake | | | | |
|__________________|________|________|________|_____|
| Interval | 6.1 | 158.5 | 164.6 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 184.4 | 190.5 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 7.6 | 216.4 | 224.0 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 53.3 | 236.2 | 289.5 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 6.3 | 298.7 | 305.0 | 0.6 |
|__________________|________|________|________|_____|
| RCT-63 | | | | |
|__________________|________|________|________|_____|
| South Pit/Snake | | | | |
|__________________|________|________|________|_____|
| Interval | 19.8 | 321.6 | 341.4 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 506.0 | 509.0 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 7.6 | 530.4 | 538.0 | 1.6 |
|__________________|________|________|________|_____|
| Interval | 21.3 | 545.6 | 566.9 | 3.2 |
|__________________|________|________|________|_____|
| Including | 12.5 | 548.3 | 560.8 | 4.4 |
|__________________|________|________|________|_____|
| Interval | 2.7 | 571.5 | 574.2 | 0.6 |
|__________________|________|________|________|_____|
| RC-1979 | | | | |
|__________________|________|________|________|_____|
| Snake | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 114.3 | 117.3 | 1.2 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 242.3 | 248.4 | 1.8 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 282.0 | 285.0 | 4.0 |
|__________________|________|________|________|_____|
| Interval | 9.1 | 288.1 | 297.2 | 0.6 |
|__________________|________|________|________|_____|
| RCT-81 | | | | |
|__________________|________|________|________|_____|
| Snake | | | | |
|__________________|________|________|________|_____|
| Interval | 15.2 | 169.2 | 184.4 | 4.3 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 189.0 | 192.0 | 2.1 |
|__________________|________|________|________|_____|
| Interval | 7.6 | 196.6 | 204.2 | 1.0 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 228.6 | 231.6 | 1.1 |
|__________________|________|________|________|_____|
| RCT 47 | | | | |
|__________________|________|________|________|_____|
| Snake | | | | |
|__________________|________|________|________|_____|
| Interval | 17.5 | 139.3 | 156.8 | 2.5 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 170.7 | 175.3 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 3.4 | 184.0 | 187.4 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 4.6 | 539.5 | 544.1 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 15.2 | 579.1 | 594.3 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 600.5 | 603.5 | 0.6 |
|__________________|________|________|________|_____|
| Interval | 2.4 | 606.3 | 608.7 | 1.6 |
|__________________|________|________|________|_____|
| RCT-43 | | | | |
|__________________|________|________|________|_____|
| Snake/Horseshoe | | | | |
|__________________|________|________|________|_____|
| Interval | 13.7 | 213.4 | 227.1 | 1.3 |
|__________________|________|________|________|_____|
| Interval | 7.6 | 283.5 | 291.1 | 1.1 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 438.9 | 445.0 | 1.4 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 472.5 | 475.5 | 1.8 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 518.2 | 521.2 | 0.7 |
|__________________|________|________|________|_____|
| RCT-46 | | | | |
|__________________|________|________|________|_____|
| Snake/Horseshoe | | | | |
|__________________|________|________|________|_____|
| Interval | 3.0 | 292.6 | 295.6 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 3.0 | 307.9 | 310.9 | 1.5 |
|__________________|________|________|________|_____|
| Interval | 4.3 | 312.7 | 317.0 | 0.8 |
|__________________|________|________|________|_____|
| Interval | 12.0 | 321.6 | 333.6 | 3.9 |
|__________________|________|________|________|_____|
| Interval | 32.0 | 339.9 | 371.9 | 3.1 |
|__________________|________|________|________|_____|
| Including | 5.9 | 359.0 | 364.9 | 7.9 |
|__________________|________|________|________|_____|
| Interval | 6.1 | 443.5 | 449.6 | 1.0 |
|__________________|________|________|________|_____|
| Interval | 47.2 | 467.9 | 515.1 | 5.3 |
|__________________|________|________|________|_____|
| Including | 5.0 | 469.4 | 474.4 | 8.4 |
|__________________|________|________|________|_____|
| Including | 15.2 | 483.1 | 498.3 |11.3 |
|__________________|________|________|________|_____|
| RC-1995 | | | | |
|__________________|________|________|________|_____|
| Horseshoe | | | | |
|__________________|________|________|________|_____|
| Interval | 6.1 | 204.2 | 210.3 | 0.7 |
|__________________|________|________|________|_____|
| Interval | 36.6 | 213.3 | 249.9 | 4.6 |
|__________________|________|________|________|_____|
| Including | 3.0 | 214.9 | 217.9 |28.9 |
|__________________|________|________|________|_____|
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/June2011/29/c2113.html
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 |
Renmark Financial Communications Inc.
Maurice Dagenais 514-939-3989 or via e-mail at mdagenais@renmarkfinancial.com
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