Romarco Intersects 36.3 Meters of 5.5 G/T Gold
TORONTO, ON - Romarco Minerals Inc. reported on drill results, permitting, and recent awards presented to senior management by community organizations.
To date, the Company has completed approximately 33 percent of its planned 172,000-meter drilling campaign and is on schedule and budget for 2011 targets. A total of eleven drill rigs (seven core and four reverse circulation) are drilling throughout the Haile property. Drilling will continue through the permitting process and construction phase, and the Company anticipates it will take many years to drill test the exploration opportunities identified within the Haile district. The results in continue to demonstrate the sustained growth and continuity of the mineralized system at Haile, which remains unconstrained in all directions and at depth. Infill drilling at Horseshoe returned 21.9 meters of 5.7 g/t gold, and 36.3 meters of 5.5 g/t gold from RCT-56 and an additional 13.1 meters of 4.1 g/t gold from RCT-41. In the western portion of South Pit within the higher-grade area of Mill Zone, RC-1916 encountered 9.1 meters of 14.2 g/t gold and RC-1959 returned 38.1 meters of 4.1 g/t gold, including 9.1 meters of 9.5 g/t. Additionally, RC-1910 returned 24.4 meters of 3.1 g/t gold. Drilling between South Pit and Ledbetter continues to identify mineralization between the two proposed pits. Results from drilling in this area are highlighted by RCT-69, which returned 76.2 meters of 1.7 g/t gold, 21.3 meters of 2.0 g/t gold, and several additional mineralized intervals noted in the table below. Other holes drilled between the proposed pits and detailed below include RC-1934, RCT-36, and DDH-386. Drilling within the planned permit area between South Pit and Ledbetter continues to define significant mineralization beyond the current reserve pit boundaries and demonstrates further continuity between these zones. In Champion, DDH-356 intercepted 6.1 meters of 1.5 g/t gold at the surface and an additional 12.2 meters of 1.1 g/t gold at 91.4 meters downhole. The Champion zone is located approximately 1 kilometer west of South Pit. Additional drilling within the planned permit area is expected to continue defining the extent of this mineralization outside of the pit boundaries. Romarco also reported that it is on budget and schedule in the construction of its previously announced analytical and metallurgical lab (see news release dated November 9, 2010). The laboratory will be seeking independent accreditation and will transition to the operating lab on production. While third-party check assays and verifications will remain critical, the completion of the lab will allow greatly reduced turnaround time for assays. The lab is on schedule to become operational in June 2011. The company's address is 181 Bay, St. Suite 3630, Toronto, ON M5J 2T3, 416-367-5500, fax: 416-367-5505, emal: [email protected].