Romarco Encounters 31.8 Meters Of 17.3 g/t
MONTREAL - Romarco Minerals Inc. reported 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.DDH-384 was drilled to the northeast encountering mineralization within 33 meters of DDH-351 and extending to within 65 meters of RCT-33 and RC-1771. 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. 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. 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. The company's address is 181 Bay, St. Suite 3630, Toronto, ON M5J 2T3, 416-367-5500, fax: 416-367-5505.