Romarco Intercepts 49 M Of 3.7 G/T At Haile
October 15, 2008
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce assay results from several drill holes at the Haile Gold Mine, in South Carolina. All holes returned significant results including DDH-307 which returned a composite sequence of 49.4 meters of 3.69 g/t including a 6 meter intercept of 10.44 g/t and DDH-316 which returned 65.2 meters of 2.41 g/t starting at 163.4 meters. These new results have been incorporated into the recently released new resource estimate that would utilize an open pit confirguation (or scenario).
See table below for details.
|
Hole |
Interval (meters) |
From
(meters) |
To
(meters) |
Gold
(g/t) |
|
DDH - 307 |
|
|
|
|
|
Composite Zone |
49.4 |
125.9 |
175.3 |
3.69 |
|
Including |
6.1 |
158.5 |
164.6 |
10.44 |
|
DDH - 310 |
|
|
|
|
|
Composite Zone |
26.5 |
36 |
62.5 |
2.67 |
|
Including |
12.2 |
44.2 |
56.4 |
4.78 |
|
DDH - 312 |
|
|
|
|
|
Composite Zone |
51.8 |
10.7 |
62.5 |
1.72 |
|
DDH - 313 |
|
|
|
|
|
Composite Zone |
21.3 |
29 |
50.3 |
1.74 |
|
DDH - 314 |
|
|
|
|
|
Composite Zone |
7.7 |
179.8 |
187.5 |
3.88 |
|
DDH - 316 |
|
|
|
|
|
Composite Zone |
65.2 |
163.4 |
228.4 |
2.41 |
|
Including |
21.3 |
207.3 |
228.6 |
5.22 |
Most of these holes represent new mineralization from the lateral and down dip step out extensions of the northern zone which, like several other known zones, remain open in strike and down dip directions. Many of these open zones remain under explored and will be the targets of future drilling. In addition, DDH-312 results show that near surface mineralization can also be expanded on the property. All the 2008 drilling results continue to demonstrate the significant potential for mineral resource expansion at the Haile Gold Mine
Romarco is currently drilling exploration holes on the north and northeast of the property (see drill hole location map on the website). The mineralized zone continues to remain open in three directions.
The current drilling is being performed by Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Along with permanent Romarco staff on site, the current work is being overseen by Roberts and Schaefer of Salt Lake City as well as Gustavson & Associates of Boulder, CO. Romarco’s Qualified Person is Tom Kilbey, Sr. Geologist with the Company.
Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Company’s flagship project is the Haile Gold Mine in South Carolina which is currently undergoing exploration drilling, bankable feasibility study and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has two gold exploration projects in Nevada.
For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or by e-mail at dgarrett@romarco.com or Shirene Urton, Executive Assistant at (775) 355- 1900 or by e-mail at surton@romarco.com.
ON BEHALF OF ROMARCO MINERALS INC.
“Diane R. Garrett”
*Diane R. Garrett,
President and C.E.O.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.
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