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Who we are |
Romarco Minerals Inc. (“Romarco”) is an exploration and development stage gold company hosting projects in the United States and Mexico. |
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Where is our
primary focus |
The Company’s flagship development project is the 100%-owned Haile Gold Mine, located in Lancaster County, South Carolina at approximately 5 miles northeast of the town of Kershaw, an area already equipped with extensive existing infrastructure. |
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What we are
working on |
A feasibility study is currently underway and Romarco is committed to rapidly advancing the property towards the construction, development and production stage. |
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What are we after |
Gold resources as of today stand at 2.171 million ounces of measured and indicated and an additional 1.97 million ounces of inferred resources. Proven and probable reserve was 1.3 million ounces at 2.7 g/t2 average grade. A new reserve study is currently underway. Ongoing exploration drilling is expected to add significantly to the resources and reserves. The mineralized footprint at Haile remains open in all directions and at depth and the Company is currently drilling the largest program in its history – 130,000 meters. A new discovery was made early in 2010 – Horseshoe. Romarco anticipate following up on this zone and several other regional targets during 2010. |
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What we aim
to achieve |
The 2010 exploration drilling program consists of approximately 130,000 meters, which represents a 78% increase over the 2009 drilling program. This significant drilling program substantiates what Romarco’s team continues to see as additional upside potential at the Haile Gold Mine. |
Why Romarco is
Well Positioned |
Haile is part of a much larger gold district and the Company is just beginning to assess the regional potential. With a world class ore deposit in a mining friendly state, a solid cash position, no debt, and a strong experienced management team, Romarco is well positioned to continue creating exceptional value for its shareholders. |
1 The resource calculations were completed by Gustavson Associates, LLC of Boulder, Colorado under the direction of Mr. Donald E. Hulse, PE, an independent Qualified Person pursuant to NI 43-10. The National Instrument 43-101 Technical Report was filed on SEDAR on December 3, 2009.
2 A Feasibility Study was completed in February 2009 by a group of independent experts that included Roberts and Schaefer for process plant design, Vector Engineering for site civil and geotechnical work. Water Management for hydrology, Gustavson Associated for mine design, RDi and Phillips Enterprises for metallurgical development and Haynsworth Sinker & Boyd LLC for South Carolina tax and local regulatory statutes. Results of that Feasibility Study are included in the SEDAR filed NI 43-1010 Technical Report on Haile Gold Mine Project dated March 17th, 2009
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