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 which is typified by those from hole DDH 301,
which returned a composite sequence of 37 meters of 7.9 g/t including a 21.7
meter intercept of 11.62 g/t. Hole DDH 305 returned a composite zone of
54.8 meters of 6.01 g/t gold including a 25.1 meter intercept of 10.77 g/t
gold. All drill results are within the confines of the designed open
pit but were not included in the recently release new resource estimate (see
press release dated September 4, 2008). The current measured and
indicated resource is 1.5 million ounces of gold (34.9 million tonnes at 1.34
g/t). There is an additional 678,630 of inferred resources (26 million
tonnes at 0.81 g/t).
See table below for details.
|
Hole
|
Interval (meters)
|
From
(meters)
|
To
(meters)
|
Gold
(g/t)
|
|
DDH - 299
|
|
|
|
|
|
Composite Zone
|
6.4
|
66.8
|
73.2
|
6.4
|
|
DDH - 301
|
|
|
|
|
|
Composite Zone
|
4.6
|
44.2
|
48.8
|
2.93
|
|
Composite Zone
|
36.7
|
56.3
|
93
|
7.99
|
|
Including
|
21.7
|
67
|
88.7
|
11.62
|
|
DDH - 302
|
|
|
|
|
|
Composite Zone
|
24
|
77.7
|
102.1
|
7.7
|
|
Including
|
15
|
79.2
|
94.5
|
10.6
|
|
Composite Zone
|
29
|
120
|
149.4
|
9.2
|
|
Including
|
7.6
|
123.4
|
131
|
13.8
|
|
Including
|
4.6
|
143.2
|
147.8
|
17.4
|
|
DDH-303
|
|
|
|
|
|
Composite Zone
|
17.9
|
35.4
|
53.3
|
2.85
|
|
Including
|
4.9
|
37.8
|
42.7
|
6.83
|
|
DDH-304
|
|
|
|
|
|
Composite Zone
|
47.2
|
118.9
|
166.1
|
2.35
|
|
Including
|
6.1
|
149.4
|
155.5
|
10.03
|
|
DDH-305
|
|
|
|
|
|
Composite
Zone
|
54.8
|
99.1
|
153.9
|
6.01
|
|
Including
|
25.1
|
114.3
|
139.4
|
10.77
|
Romarco is currently drilling exploration holes in
the northeast section of the property. 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 sight, 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 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.