MONTREAL, March 9 /PRNewswire/ - ROMARCO MINERALS INC. (TSX:R) (the "Company") is pleased to announce drill results from its ongoing 2011 exploration program at its 100%-owned Haile Gold Mine project in South Carolina. The results demonstrate the continued growth and continuity of the mineralized system at Haile, which remains unconstrained in all directions and at depth.
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:
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.
SOURCE ROMARCO MINERALS INC.