ROMARCO MINERALS INC.
997 Greg Street
Tel: (775) 355-1900
Sparks, Nevada
Fax: (775) 355-1907
USA 89431
info@romarco.com
PRESS RELEASE
FOR IMMEDIATE RELEASE
March 25, 2008
ROMARCO INTERCEPTS 27.5 METER ZONE OF 2.2 G/T AT HAILE
DEEPER ZONE OF 7.6 M AT 4.3 G/T DISCOVERED
ROMARCO MINERALS INC. (TSXV: R) (the Company) is pleased to announce assay results from its third core drill hole (DDH-292) at the Haile Gold Mine, in South Carolina. The hole was collared 313 meters east of the initial hole, DDH-289. DDH-292 was drilled on a 60 degree angle to the southeast, so this extensive intercept represents true thickness.
The hole returned a composite 72 meter (235 feet) sequence grading 1.67 g/t gold. Gold mineralization of over 1.0 g/t was first intersected at 32 meters (105 feet) below surface. Within the gold mineralized interval, 2.2 g/t gold was returned over a 27.5 meter interval at the top of the silicified, pyritic, quartz-sericite phyllite host sequence The composite sequence of typical Haile mineralization also included a deeper higher grade sequence of 7.6 meters of 4.3 g/t gold at 94.5 meters, which included a 1.5 meter interval of 16.1 g/t gold. This deeper intercept is below the main resource target but within open pit mining limits and indicates there is down dip potential to the known mineralization. Geologic interpretation is being conducted on this deeper high grade zone and will be added to an upcoming drill program to test for mineral potential below known resource areas and at depth on the property . See table below for details.
| | | | |
Hole
| Interval (meters)
| From
(meters)
| To
(meters)
| Gold
(g/t)
|
DDH - 292
| | | | |
Composite Zone
| 71.6
| 32
| 103.6
| 1.67
|
Including
| 27.5
| 47.2
| 74.7
| 2.2
|
with
| 3
| 32
| 35
| 3.0
|
with
| 4.5
| 57.9
| 62.4
| 4.6
|
| | | | |
Lower Zone
| 7.6
| 94.5
| 102.1
| 4.3
|
with
| 1.5
| 94.5
| 96
| 16.1
|
| | | | |
Currently, two core drill rigs are working on site. The current program is designed to identify additional resources, convert historic resources into proven and probable reserves, and provide representative samples for metallurgical testwork as it relates to the bankable feasibility study.
Drilling services are being performed by the Eastern U.S. division of Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Romarcos Qualified Person is Tom Kilbey, Sr. Geologist with the Company.
Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Companys flagship project is the Haile Gold Mine in South Carolina which is currently undergoing exploration drilling, bankable feasibility study and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has three gold exploration projects in Nevada.
For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or or Shirene Urton, Executive Assistant at (775) 355-1900.
ON BEHALF OF ROMARCO MINERALS INC.
Diane R. Garrett
Diane R. Garrett,
President and C.E.O.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
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Filing Services Canada Inc. | 300, 4015-17th Avenue SE | Calagary | Alberta | T2A 0S8 | Canada
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Romarco Minerals Inc
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DEVELOPMENT STAGE |
CODE : R.TO |
ISIN : CA7759032062 |
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Romarco Min. is a gold exploration company based in Canada. Romarco Min. holds various exploration projects in Mexico. Its main asset in development is HAILE in USA and its main exploration properties are PINE GROVE in USA and PINOS GOLD DISTRICT in Mexico. Romarco Min. is listed in Canada. Its market capitalisation is CA$ 4.0 millions as of today (US$ 3.0 millions, € 2.7 millions). Its stock quote reached its highest recent level on November 12, 2010 at CA$ 2.88, and its lowest recent point on November 09, 2018 at CA$ 0.01. Romarco Min. has 265 030 000 shares outstanding. |