Romarco Expands Drilling at Haile Gold Mine

SPARKS, NV - Romarco Minerals Inc. reported that it has received approval for an additional 60,000 feet (18,288 meters) of drilling at the Haile Gold Mine. This represents approximately 65 additional holes at a 700 feet (213 meters) average depth. In this expanded drill program, the Company will be conducting in-fill drilling, step out drilling and deep drilling to test the down-dip extensions of mineralized zones by drilling some holes to depths of 1500 feet. To compliment its current drill program and increase the rate of drilling and results, the Company will be adding an RC drill rig to its current program prior to year end. To date, the Company has completed more than 27,000 feet of core drilling and drilling will continue on the property for the next 12 months and perhaps beyond.
A new NI 43-101 report will be available in October. The current NI 43-101 report filed on SEDAR is now outdated (outmoded) by the new technical knowledge we have gained from the drilling, assaying, metallurgical testing and engineering study work completed over the last 10 months. The previous 43-101 technical report was completed by Behre Dolbear of Denver, CO when Romarco acquired the Haile Gold Mine from Kinross Gold and another private party (October 2007). The technical report was based on historic information and data from Amax Gold in the early 1990's.
The Company's extensive work through confirmation drilling, exploration drilling, metallurgical testing and various engineering studies over the last 10 months has evolved into a more effective and much more positive mine plan for Haile. Some of the significant items to be updated in the new 43-101 include a near doubling of the measured and indicated gold resources from 780,000 (historic resource by Amax) to a current 1.5 million ounce resource Additionally, the original 6 deposits noted in the Amax work, have been assimilated into the 3 current modeled deposits. The larger merged deposits enhance the economics of the project. The Company anticipates 2 new deposits may emerge from continued exploration drilling. Detailed metallurgical recoveries, gold to silver ratios, mine design, process design, detailed cost figures and production profiles are being finalized and will be reported in October, which will illustrate that the overall economic feasibility of Haile has improved significantly.
Thye company's address is 1500-885 West Georgia Street, Vancouver, BC V6C 3EB, 604-688 9271, fax: 604-688-9274.