Romarco Intercepts 29 Meters of 9.2 g/t and 24 Meters of 7.7 g/t at Haile
May 29, 2008
ROMARCO MINERALS INC. (TSXV: R) (the "Company") is pleased to announce assay results from the third exploration hole at the Haile Mine, in South Carolina. This hole was designed to test the extension of the gold mineralized zone (currently 15.4 million tonnes at an average grade of 3.1 g/t gold) within the overall northern trend. DDH-302 intersected the mineralized zone 115 feet (35 meters) to the north from previous drilling. This intercept extends the width of the Ledbetter area mineralization and on-going drilling is focused on continuing to extend the mineralization along strike and down-dip to the north.
DDH-302 returned a 24 meter (80 feet) sequence grading 7.7 g/t gold above another sequence of 29 meter (96.4 feet) sequence grading 9.2 g/t gold with 18 meters (58.6 feet) of non-mineralized material between them. DDH-302 was drilled at a minus 62 degree inclination to the south. Gold mineralization of over 1.0 g/t was first intersected at 64 meters (211 feet) below surface and the mineralization was hosted in pyritic, silicified, quartz-sericite phyllite and in potentially sheared portions of feldspar porphyry. Within the gold mineralized intervals, several higher grade zones were encountered including 4.6 meters (15 feet) of 17.4 g/t gold. See table below for details.
Hole
|
Interval
(meters) |
From
(meters) |
To
(meters) |
Gold
g/t |
| DDH-302 |
|
|
|
|
| Composite zone |
24 |
78 |
102 |
7.7 |
| including |
15 |
79 |
94 |
10.6 |
| Composite zone |
29 |
120 |
149 |
9.2 |
| including |
7.6 |
123.4 |
131 |
13.8 |
| including |
4.6 |
143.2 |
147.8 |
17.4 |
The two exploration core drill rigs are focused on extending the current mineralized zone to the north and east. The Company has additional exploration targets to the west of the current mineralized zone. An updated resource and reserve estimate will be available in June 2008.
Drilling services are being performed by the Eastern U.S. division of 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 all within acceptable ranges. 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 three gold exploration projects in Nevada.
For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or Shirene Urton, Executive Assistant at (775) 355-1900.
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