Romarco returns 23 meters of 45.8 g/t at Horseshoe
TORONTO, July 25, 2011 /CNW/ --
TORONTO, July 25, 2011 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX: R) (the 'Company') is pleased to announce it has drilled the fourth best
hole ever completed on the Haile property. The highlighted hole from
Horseshoe:
-- RCT-29 encountered 23.0 meters of 45.8 g/t gold at Horseshoe
144 meters below surface or 176.7 meters from the collar. This
intercept includes a 6.1-meter zone of 111.5 g/t gold.
Drilling at Horseshoe continues to return most of the highest-grade
mineralization at Haile. RCT-29 intersected multiple zones of
mineralization beginning 131.2 meters below surface or 163 meters from
the collar. This intercept is positioned approximately 46 meters to the
southeast of DDH-379 (28.8 meters of 16.5 g/t gold and 66.0 meters of
10.9 g/t gold; released September 20, 2010 and October 28, 2010).
Diane R. Garrett, President and CEO commented: 'RCT-29 is significant
for two reasons: the length of the very high grade intercepts and the
fact this is the shallowest high-grade ore yet encountered at
Horseshoe. We typically do not release single drill holes at this
stage of our company's development, however, the grade and width of
RCT-29 at 23.0 meters of 45.8 g/t gold make this one of the very best
holes ever drilled at Haile since its discovery in 1827.
Congratulations to our entire geology staff who work so diligently to
understand this unique system, to add ounces and increase shareholder
value. It should be clear that despite the delay in the schedule to
production, Haile continues to possess tremendous upside potential that
is yet to be discovered and that will provide the foundation for
continued growth and added value as we progress through the permitting
process.'
The drill hole extended from ore to a post-mineralized dike so the full
extent of the high-grade zone is unknown. Additional drilling will
test for high-grade mineralization on the other side of the
post-mineralized dike and also test around RCT-29 closer to surface and
at depth.
Results from RCT-29 are presented in the table below:
___________________________________________
| Hole |Interval | From | To |Gold |
| RCT-29 |(meters) |(meters)|(meters)|(g/t)|
|_________|_________|________|________|_____|
|Interval | 3.6 | 163.0 | 166.6 | 7.2 |
|_________|_________|________|________|_____|
|Interval | 23.0 | 176.7 | 199.7 |45.8 |
|_________|_________|________|________|_____|
|Including| 6.1 | 192.0 | 198.1 |111.5|
|_________|_________|________|________|_____|
|Interval | 3.0 | 254.6 | 257.6 | 0.8 |
|_________|_________|________|________|_____|
The mineralization at Haile remains unconstrained at depth and in all
directions. Drilling is ongoing throughout the property to continue
defining the shape and extent of the Haile mineralized system.
Sample Procedure
Drilling is being performed by Romarco's company owned drills (four core
and one reverse circulation (RC), by Connors Drilling (three core
rigs), and by Boart Longyear (three RC rigs). 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 James
R. Arnold, P.E., Senior Vice-President and Chief Operating Officer at
Haile. Mr. Arnold has reviewed and approved this news release.
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.
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/July2011/25/c7211.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