Romarco Intercepts 49 M Of 3.7 G/T At Haile
October 15,
2008
ROMARCO MINERALS INC. (TSXV: R) (the
�Company�) is pleased to announce assay results from several drill holes at
the Haile Gold Mine, in South Carolina. All holes returned significant
results including DDH-307 which returned a composite sequence of 49.4 meters
of 3.69 g/t including a 6 meter intercept of 10.44 g/t and DDH-316 which
returned 65.2 meters of 2.41 g/t starting at 163.4 meters. These new
results have been incorporated into the recently released new resource
estimate that would utilize an open pit confirguation (or scenario).
See table below for details.
Hole
|
Interval (meters)
|
From
(meters)
|
To
(meters)
|
Gold
(g/t)
|
DDH - 307
|
|
|
|
|
Composite Zone
|
49.4
|
125.9
|
175.3
|
3.69
|
Including
|
6.1
|
158.5
|
164.6
|
10.44
|
DDH - 310
|
|
|
|
|
Composite Zone
|
26.5
|
36
|
62.5
|
2.67
|
Including
|
12.2
|
44.2
|
56.4
|
4.78
|
DDH - 312
|
|
|
|
|
Composite Zone
|
51.8
|
10.7
|
62.5
|
1.72
|
DDH - 313
|
|
|
|
|
Composite Zone
|
21.3
|
29
|
50.3
|
1.74
|
DDH - 314
|
|
|
|
|
Composite Zone
|
7.7
|
179.8
|
187.5
|
3.88
|
DDH - 316
|
|
|
|
|
Composite Zone
|
65.2
|
163.4
|
228.4
|
2.41
|
Including
|
21.3
|
207.3
|
228.6
|
5.22
|
Most of these holes
represent new mineralization from the lateral and down dip step out
extensions of the northern zone which, like several other known zones, remain
open in strike and down dip directions. Many of these open zones remain under
explored and will be the targets of future drilling. In addition, DDH-312
results show that near surface mineralization can also be expanded on the
property. All the 2008 drilling results continue to demonstrate the
significant potential for mineral resource expansion at the Haile Gold Mine
Romarco is currently
drilling exploration holes on the north and northeast of the property (see
drill hole location map on the website). The mineralized zone continues
to remain open in three directions.
The current drilling is
being performed by 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. Along with permanent Romarco staff on site, the
current work is being overseen by Roberts and Schaefer of Salt Lake City as
well as Gustavson & Associates of Boulder, CO. Romarco�s 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
Company�s 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 two gold exploration
projects in Nevada.
For further information,
please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or by
e-mail at dgarrett@romarco.com or
Shirene Urton, Executive Assistant at (775) 355- 1900 or by e-mail at surton@romarco.com
..
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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