Romarco Intercepts 98 m of 4.9 g/t at Haile
SPARKS, NV - Romarco Minerals Inc. reported assay results from several new exploration holes at its Haile Mine in South Carolina. These holes were drilled to further test the extension of the gold mineralization on the northern trend open pit target zone and intersected substantial mineralization (98 meters thick averaging 4.9 g/t Au - DDH 323 and 87 meters thick averaging 4.3 g/t Au - DDH 321) stepping out over 90 meters beyond what was announced. With these new holes combined, the footprint of the north zone area has doubled from its limits used for last month's published NI 43-101 resource.
The northwestern most drill hole (DDH 323) returned a substantial 34 meter high grade core at almost 10 g/t Au, which is still open to the north and west. DDH-323 was drilled 55 meters to the north of previous drilling. DDH-321 and DDH-322 intercepts were 23 meters north and 61 meters northeast of previous drilling, respectively. All three of these new holes represent down-dip extensions of the 83 m @ 4.0 g/t Au interval for DDH-320. The latest results indicate that the dip of the +50 meter core of the north zone flattens, adding to the viability of the zone to be further explored. DDH-327 was drilled 44 meters to the east of previous drilling and intersected more restricted mineralization See the table below for details.
The current drill program's goal is to expand known resource zones and identify additional ones. The program has already been expanded to follow-up these new results. There is one core drill rig working on site and a reverse circulation rig is being mobilized to the site in order to expedite the resource delineation.