PRESS RELEASE
FOR IMMEDIATE
RELEASE � February 27, 2008
ROMARCO
INTERCEPTS 23 METER ZONE OF 5.4 G/T AT HAILE
Sparks, Nevada -
ROMARCO MINERALS INC. (TSXV: R) (the "Company") is pleased to
announce assay results from its second PQ size (3.345 inch diameter) core drill
hole (DDH-290) at the Haile Gold Mine, in South
Carolina.� The hole was drilled 70 meters
southwest of DDH-289 (46 m of 5.7 g/t Au, see press release dated Feb. 11,
2008) in the southwest portion of the Mill Zone.� DDH-290 was drilled on a 60 degree angle, so
this extensive intercept represents true thickness.
The hole returned
a composite 72 meter (235 feet) sequence grading 2.4 g/t gold.� Gold mineralization of over 0.5 g/t was first
intersected at 55 meters (180 feet) below surface.� Within the gold mineralized interval, 5.4 g/t
gold was returned over a 23 meter interval at the top of the sequence which was
bounded on top and bottom by intervals assaying 13 g/t and 18.1 g/t gold
respectively.� It is very significant
that all the intervals assayed above the cutoff grade of 1.0 g/t gold.� See table below for details.
-***-
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Hole������������
Interval����� From������� To�����
Gold
���������������� (meters)��� (meters)�� (meters)�� (g/t)
---------------------------------------------------------
DDH - 290
---------------------------------------------------------
Composite
zone����� 72�������� 54.9����� 126.5�����
2.42
---------------------------------------------------------
� Including�������� 23�������� 57.9������ 80.8�����
5.38
---------------------------------------------------------
��� With������������ 3�������� 57.9������ 60.9�����
13.0
---------------------------------------------------------
��� With�������
���1.5�������� 79.3������ 80.8�����
18.1
---------------------------------------------------------
-****-
Romarco is currently drilling exploration holes
outside the Ledbetter resource zone which has a current mineral resource of
1.38 million tonnes grading 3.51 g/t gold.� Ledbetter is open in three directions..
With two drill
rigs on site, the current program is designed to identify additional resources,
convert resources into proven and probable reserves, and provide representative
samples for metallurgical testwork as it relates to
the bankable feasibility study underway by Lyntek
Inc. of Denver, CO.�
The current
drilling is being performed by the Eastern U.S. division of Boart Longyear.� The core
samples are being assayed by Inspectorate Labs in Sparks, NV.� The PQ 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 sight, the current work is being overseen by Lyntek,
Inc. as well as Gustavson & Associates of
Boulder, CO., as it pertains to the feasibility study.� 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 three 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.
ROMARCO MINERALS
INC.
997 Greg
Street�� Tel: (775) 355-1900
Sparks,
Nevada��� Fax: (775) 355-1907
USA 89431�������� info@romarco.com
��