Drilling Planned for Cori Puncho
January 17, 2006
ROMARCO MINERALS INC. ("TSXV: R" - the "Company") is pleased to announce that together with its Joint Venture Partner, New Dimension Resources (formerly NDT Ventures Ltd.) have outlined the first drilling program at the Cori Puncho Gold Project in Peru. The Joint Venture plans to drill a minimum of 1,000 metres to test a significant gold-bearing structural zone that has not been drill tested before. The local "informales" have been mining gold on surface. The 50/50 Joint Venture owns 100% of the zone to be tested, which has returned values from surface trenching of 2.10 grams per tonne (g/t) gold over seven metres grading 1.58 g/t gold. Drilling is expected to commence in February 2006.
The Joint Venture's claims cover the majority of a 5 kilometre long structural zone which shows significant potential to host large bulk minable and underground gold deposits. The joint venture's initial work has been concentrated at CP Hill on the southern portion of the zone where outcropping volcanic hosted gold mineralization has been defined over an area measuring 300 by 100 metres. This mineralization remains open on strike under cover in both directions, down dip to the east and to the west under cover. A 30 metre wide footwall zone called the Main Shear is consistently well mineralized with significantly anomalous gold values extending upwards of 100 metres into the hanging wall. The broad hanging wall zone, combined with the clear potential of the Main Shear, provides an excellent exploration target with significant economic potential. This highly permissive area is open in three directions and down dip, and has never been drilled.
The Cori Puncho Project is situated in southern Peru within 15 kilometers of a paved highway and an approximate one hour drive from the large community of Juliaca.
For further information, please contact Diane Garrett, President and C.E.O. at (830) 634-7489 or by e-mail at dgarrett@romarco.com or Mr. Ralf Langner, V.P. Finance at (604) 688-9271 or by e-mail at rlangner@romarco.com
ON BEHALF OF ROMARCO MINERALS INC.
Diane R. Garrett
President and C.E.O.
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