ROMARCO
ENCOUNTERS 31.8 METERS OF 17.3 G/T AT WEST LEDBETTER AND PROVIDES LAND UPDATE
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:
TABLE
1
Hole
|
Interval
(meters)
|
From
(meters)
|
To
(meters)
|
Gold
(g/t)
|
|
|
|
|
|
RCT-49
|
|
|
|
|
W. Ledbetter
|
|
|
|
|
Interval
|
2.4
|
192.0
|
194.4
|
0.9
|
Interval
|
6.5
|
209.4
|
215.9
|
1.2
|
Interval
|
2.3
|
243.8
|
246.1
|
0.8
|
Interval
|
3.6
|
253.3
|
256.9
|
1.4
|
Interval
|
10.7
|
259.1
|
269.8
|
1.5
|
Interval
|
3.0
|
280.4
|
283.4
|
2.5
|
Interval
|
31.8
|
289.6
|
321.4
|
17.3
|
Including
|
7.6
|
306.3
|
313.9
|
66.9
|
Interval
|
8.8
|
340.2
|
349.0
|
1.4
|
RCT-33
|
|
|
|
|
W. Ledbetter
|
|
|
|
|
Interval
|
4.2
|
277.8
|
281.9
|
2.0
|
Interval
|
33.5
|
329.2
|
362.7
|
4.0
|
DDH-383
|
|
|
|
|
W. Ledbetter
|
|
|
|
|
Interval
|
4.6
|
157.9
|
162.5
|
0.8
|
Interval
|
4.9
|
183.6
|
188.5
|
0.6
|
Interval
|
6.2
|
262.1
|
268.3
|
1.0
|
DDH-384
|
|
|
|
|
W. Ledbetter
|
|
|
|
|
Interval
|
4.9
|
169.1
|
174.0
|
0.7
|
Interval
|
15.2
|
179.8
|
195.0
|
0.8
|
Interval
|
3.2
|
207.3
|
210.5
|
1.6
|
Interval
|
99.6
|
213.1
|
312.7
|
1.5
|
Interval
|
69.8
|
330.7
|
400.5
|
4.5
|
Including
|
22.7
|
364.4
|
387.1
|
6.7
|
DDH-350
|
|
|
|
|
Mill
Zone
|
|
|
|
|
Interval
|
39.2
|
93.1
|
132.3
|
2.7
|
Including
|
17.7
|
109.7
|
127.4
|
4.3
|
Interval
|
6.7
|
135.0
|
141.7
|
1.2
|
Interval
|
3.4
|
147.8
|
151.2
|
1.3
|
Interval
|
4.6
|
155.4
|
160.0
|
0.7
|
Plan view maps are available on the
homepage of the Company's website:
www.romarco.com
Land Update
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.