Romarco Encounters 30.7 Meters Of 16.1 G/T
VANCOUVER, BC - Romarco Minerals Inc. reported ongoing drilling results and a summary of the 2010 exploration program at its 100%-owned Haile Gold Mine 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.
DDH-371 encountered 30.7 meters of 16.1 g/t gold at a depth of 57.5 meters in an area of South Pit now designated as Mill Zone. This mineralized area has been given a separate name due to the uniqueness of the grades encountered within a pit that was historically recognized as containing lower grades than the eastern portions of the Haile system. Mill Zone encompasses the western portion of the South Pit and its western extension beyond the currently proposed pit limits. This higher-grade zone has been the focus of initial mine planning for the pending feasibility study. The Company previously announced other holes, which were noted as South Pit and now noted as Mill Zone. Drilling was also initiated at Champion, a deposit located approximately 1 kilometer west of South Pit.
Drill holes DDH-359 (19.1 meters of 6.2 g/t gold) and RC-1797 (19.8 meters of 4.3 g/t gold), encountered mineralization between Ledbetter and Snake deposits. The mineralization was intercepted beneath the southeast portion of Ledbetter and trends toward the western extent of Snake. These results are continuing to increase the continuity of the mineralization between the known deposits. Drilling beyond the limits of the proposed South, Ledbetter, and Snake pits continues to identify additional mineralization. RCT-035 encountered 51.8 meters of 1.3 g/t gold between South and Ledbetter deposits. This mineralized interval is located beneath the southwest portion of Ledbetter, approximately 144 meters east of previously announced DDH-351 which returned 51.2 meters of 4.1 g/t gold including 14 meters of 8.8 g/t gold. Approximately 100,000 meters of core and reverse circulation drilling were completed during the 2010 program. Approximately 40% of the meters drilled in 2010 were focused on tailings and facility condemnation as the Company prepared for completion of its feasibility study that is scheduled to be released in the first quarter of 2011. Highlights of the 2010 exploration program are as follows: During 2010, the Company made several new mineralized discoveries: Horseshoe zone demonstrating deep, high grade underground potential exists at Haile; Horseshoe zone indicating shallow, high grade intercepts at open pit depths; Intercepts between Snake and Horseshoe demonstrating the potential for continuity of these deposits and an extension of the Haile system; Identification of a high grade zone beneath the Snake deposit; Identification of a high grade zone at the western extension of Ledbetter; Intercepts between During 2010 the Company increased its fleet of drill rigs from five to ten underscoring the continued potential of Haile and the increased number of targets identified.