Romarco drills 32.9 meters of 10.5 g/t gold at Horseshoe, initiates regional exploration and provides permitting update

TORONTO, Sept. 14, 2011 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX:R) (the "Company") is pleased to provide an update of recent assay results from the on-going drill program at its 100%-owned Haile Gold Mine project in South Carolina.  The results continue to demonstrate the sustained growth and continuity of the mineralized system at Haile.  Highlighted new holes from zones throughout the property include:

  • RCT-98, an infill hole at Horseshoe, encountered 32.9 meters of 10.5 g/t gold and 3.7 meters of 29.2 g/t gold, 18 meters north from hole RCT-8 (88.4 meters of 5.1 g/t gold - see June 9, 2010 press release);
  • RCT-79 a step-out hole at Horseshoe encountered 19.8 meters of 6.9 g/t gold, 30 meters south from hole DDH-379 (66 meters of 10.9 g/t gold - see October 28, 2010 press release);
  • Between South Pit and Snake, RCT-125 encountered 25.9 meters with 3.6 g/t gold and RCT-127 intersected 57.9 meters of 2.0 g/t gold, including 6.1 meters of 10.1 g/t gold;
  • DDH-399 encountered 47.6 meters of 3.4 g/t gold including 6.1 meters of 12.7 g/t gold at Mustang;
  • Between Snake and Horseshoe, RCT-92 encountered 26.8 meters of 4.1 g/t gold including 10.7 meters of 8.2 g/t gold.

Infill drilling continues to demonstrate high-quality continuity of the Haile mineralization system.  Horseshoe, Snake, and the mineralized area between these two deposits remain open to the south and at depth. Several widely spaced intercepts between Snake and South Pit remain open in multiple directions. Mustang remains open to the northeast and northwest at depth and Mill Zone is currently open along strike.

During the first six months of 2011 the Company executed its budget and directed drilling on areas that were most likely to benefit the mine plan.  This involved (1) focusing on infill drilling to increase reserves and upgrade in-pit inferred resource mineralization into the measured and indicated resource categories, which were considered waste in the feasibility study, and (2) condemnation drilling for overburden stockpiles.  With the additional time available due to the Environmental Impact Statement ("EIS"), Romarco has updated its drilling priorities.  Exploration will now focus on step-out drilling at Haile for the balance of 2011, while outstanding condemnation drilling will be mainly completed during 2012. Currently, there are 43 drill holes from Haile at AHK Geochem with pending results.

A table of selected drill results is included in the Appendix and plan view maps are available on the Company's website: www.romarco.com

Regional Exploration

Approximately 25,000 meters of exploration drilling will be directed to regional targets (30% of the 2011 second half program).  The regional targets have been drilled in the past with positive results.  The planned programs are intended to confirm the historical drilling and test for strike and dip extensions of the known mineralization.

The Company received the permits required to drill at its Bayberry property, located 3.4 kilometers northwest of Haile, in July and commenced a 13-hole confirmation drill program.  Thus far, 9 of the 13 holes have been completed and are pending assay.  The Bayberry property had minor production at the turn of the 20th century.  Amselco Exploration and Westmont Mining drill tested the area during the 1980s and completed 4,275 meters of drilling during this period, predominately in shallow holes.

Romarco received the required permits to drill at its Hickory property, located approximately 160 kilometers northeast of Haile in North Carolina, in August and has commenced a 16-hole confirmation drill program.  The Hickory property was discovered in the 1830s and ceased operations during the Civil War. Gold Fields, Westmont, Corona, and Minefinders explored the property during the 1980s and 1990s. HB Engineering conducted exploration at the site during 2009 with the hope of identifying a shallow oxide resource. A total of 5,157 meters of historical drilling, mostly in shallow holes, was completed at the site before Romarco acquired the property.

The Company is currently permitting its Ironwood property in North Carolina and its Elm property in South Carolina for initial exploration drill programs.  Romarco is on schedule to complete 25,000 meters of regional exploration during the second half of 2011.

Romarco's regional properties exhibit similar characteristics as Haile in that the geology is favourable and past mining or past exploration activities demonstrate near surface shallow oxides transitioning into sulfides with no significant deeper drilling having occurred.

Permitting Update

The EIS process is underway and the Company has had several planning meetings with the US Army Corps of Engineers ("USACE"). The selection of the third party contractor is advancing promptly.  After reviewing the qualifications of several professional engineering firms with EIS expertise, the USACE selected a short list for interviews that were conducted on September 2, 2011. We are currently working with the USACE to finalize agreements with the chosen firm.

Diane Garrett, President and CEO, commented, "We are pleased with the progress we are making with the EIS process.  Promptly selecting the third party contractor is a significant step in advancing the EIS on the timeline we are targeting."

Sample Procedure

Drilling is being performed by Romarco's company-owned drills (4 core, 1 reverse circulation), Connors Drilling, and Boart Longyear.  Drill samples are prepared by either AHK Geochem ("AHK") at their facility in Spartanburg, SC, or at the Company's wholly owned Kershaw Mineral Laboratories, Kershaw, SC.   All assaying is completed in Fairbanks, AK by AHK, an independent laboratory.  Blank samples and third party standards are inserted at random for submittal with all of the drill samples.  The results of the control samples are within acceptable ranges.  Periodic duplicate and check samples are analyzed by ALS Chemex in Reno, NV.  For a full discussion of the Company's sampling, analysis, quality assurance, quality control, and other technical disclosure, please see the Company's National Instrument ("NI") 43-101 Feasibility Technical Report dated February 10, 2011 on SEDAR. Romarco's Qualified Person under NI 43-101 is James M. Berry, P.G., Chief Geologist at Haile.  Mr. Berry has reviewed and approved this news release.

About Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company focused on production primarily in the US.  The Company has completed a positive Feasibility study and is continuing exploration drilling and permitting for its flagship project, the Haile Gold Mine in South Carolina.

Please note:
This entire press release may be accessed via fax, e-mail, Romarco's website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com

Appendix

Table of Selected Drill Holes

Hole Interval
(meters)
From
(meters)
To
(meters)
Gold
(g/t)
         
DDH-355        
Champion        
Interval 3.0 85.4 88.4 1.0
Interval 11.9 160.0 171.9 0.8
RC-2012        
Small        
Interval 7.6 73.2 80.8 0.7
Interval 3.0 85.4 88.4 0.6
Interval 3.0 117.4 120.4 0.7
RCT-64        
Mill Zone        
Interval 9.1 228.6 237.7 0.7
Interval 7.6 256.0 263.6 1.7
Interval 12.2 324.6 336.8 0.7
RC-2003        
Mill Zone        
Interval 4.6 10.7 15.3 0.6
Interval 7.6 333.8 341.4 1.0
RCT-90        
Chase        
Interval 6.1 12.2 18.3 1.2
DDH-360        
South Pit        
Interval 6.1 0.0 6.1 1.7
DDH-392        
South Pit        
Interval 15.2 143.3 158.5 1.1
Interval 2.8 179.8 182.6 0.6
Interval 2.8 189.0 191.8 0.7
Interval 4.6 304.8 309.4 0.5
DDH-403        
South Pit        
Interval 6.1 138.7 144.8 1.0
Interval 3.0 179.9 182.9 0.7
DDH-406        
South Pit        
Interval 4.6 114.3 118.9 0.7
Interval 13.7 135.6 149.3 0.9
Interval 10.4 186.2 196.6 0.6
DDH-407        
South Pit        
Interval 4.6 56.4 61.0 3.1
Interval 5.0 97.0 102.0 1.1
Interval 4.6 507.5 512.1 1.0
Interval 7.6 583.7 591.3 1.0
RC-1917        
South Pit        
Interval 16.8 94.5 111.3 0.7
Interval 3.0 237.8 240.8 1.3
RCT-34        
Mustang        
Interval 17.9 288.1 306.0 1.5
Interval 45.7 307.9 353.6 1.1
RCT-65        
Mustang        
Interval 12.2 97.5 109.7 1.0
Interval 3.0 118.9 121.9 1.1
Interval 7.6 346.0 353.6 5.9
RCT-85        
Mustang        
Interval 3.0 189.0 192.0 1.1
Interval 13.7 195.1 208.8 0.9
Interval 36.6 274.3 310.9 0.8
DDH-393        
Mustang        
Interval 3.0 181.4 184.4 0.8
Interval 4.6 210.3 214.9 1.0
Interval 50.3 260.6 310.9 1.5
Interval 9.1 324.6 333.7 1.0
Interval 10.7 339.8 350.5 0.5
Interval 3.0 355.1 358.1 3.0
Interval 3.0 361.2 364.2 1.9
Interval 20.9 403.8 424.7 1.2
DDH-399        
Mustang        
Interval 3.0 163.1 166.1 0.6
Interval 6.1 192.0 198.1 1.0
Interval 3.0 204.2 207.2 0.8
Interval 6.1 219.5 225.6 0.8
Interval 47.6 254.2 301.8 3.4
Including 6.1 263.7 269.8 12.7
Interval 22.9 310.9 333.8 0.8
Interval 3.0 390.1 393.1 0.6
DDH-402        
Mustang        
Interval 6.1 61.0 67.1 1.1
Interval 4.6 137.1 141.7 0.7
Interval 3.0 152.4 155.4 0.6
Interval 80.8 257.5 338.3 0.7
RCT-55        
Ledbetter        
Interval 4.6 109.7 114.3 0.7
Interval 7.6 152.4 160.0 1.3
Interval 14.6 201.8 216.4 1.1
DDH-344        
Ledbetter        
Interval 10.7 213.3 224.0 0.6
Interval 19.5 239.3 258.8 1.0
Interval 3.0 263.7 266.7 0.6
Interval 6.4 271.3 277.7 1.0
DDH-345        
Ledbetter        
Interval 3.7 166.1 169.8 4.7
Interval 28.0 176.8 204.8 1.1
RCT-125        
South Pit/Snake        
Interval 25.9 317.0 342.9 3.6
Interval 3.0 347.5 350.5 0.9
Interval 22.9 355.1 378.0 2.8
RCT-127        
South Pit/Snake        
Interval 3.0 106.7 109.7 0.8
Interval 10.7 310.9 321.6 0.8
Interval 3.0 342.9 345.9 0.8
Interval 57.9 434.3 492.2 2.0
Including 6.1 458.7 464.8 10.1
Interval 6.1 501.4 507.5 0.9
Interval 3.0 544.1 547.1 0.7
Interval 6.1 550.2 556.3 1.5
RCT-82        
Snake        
Interval 4.6 155.4 160.0 0.8
Interval 7.6 184.4 192.0 5.0
Interval 4.6 271.3 275.9 0.8
RC-1986        
Snake        
Interval 18.3 189.0 207.3 2.4
Interval 6.1 219.5 225.6 1.8
Interval 15.2 269.8 285.0 1.8
Interval 7.6 317.0 324.6 1.4
Interval 3.0 338.3 341.3 1.7
Interval 3.0 364.2 367.2 0.9
Interval 4.6 381.0 385.6 1.2
RCT-57        
Snake/Horseshoe        
Interval 25.0 185.9 210.9 1.4
Interval 7.6 230.2 237.8 2.9
RCT-91        
Snake/Horseshoe        
Interval 8.2 516.0 524.2 1.0
Interval 16.0 528.8 544.8 3.6
Including 4.9 531.6 536.5 8.6
Interval 4.5 557.8 562.3 2.7
RCT-92        
Snake/Horseshoe        
Interval 26.8 450.2 477.0 4.1
Including 10.7 466.3 477.0 8.2
Interval 10.7 480.1 490.8 0.7
RCT-22        
Horseshoe        
Interval 6.1 109.7 115.8 0.6
RCT-30        
Horseshoe        
Interval 9.1 234.7 243.8 0.7
RCT-44        
Horseshoe        
Interval 27.4 149.4 176.8 2.6
Interval 4.6 179.8 184.4 1.0
Interval 6.1 193.5 199.6 4.5
Interval 24.4 207.3 231.7 1.2
Interval 4.6 240.8 245.4 0.8
Interval 19.1 358.4 377.5 1.8
Interval 7.6 381.0 388.6 2.3
Interval 6.1 429.8 435.9 0.9
RCT-79        
Horseshoe        
Interval 19.8 382.5 402.3 6.9
Interval 7.6 443.5 451.1 3.8
Interval 10.7 466.3 477.0 1.3
RCT-80        
Horseshoe        
Interval 3.0 70.1 73.1 1.0
Interval 15.2 140.2 155.4 1.6
Interval 3.0 172.2 175.2 0.7
Interval 10.7 193.5 204.2 3.5
Interval 4.6 219.4 224.0 2.7
Interval 21.6 243.9 265.5 2.5
Including 4.3 251.7 256.0 7.6
RCT-98        
Horseshoe        
Interval 12.2 371.9 384.1 0.7
Interval 32.9 393.2 426.1 10.5
Interval 3.7 458.1 461.8 29.2

 

SOURCE ROMARCO MINERALS INC.

For further information:

Romarco Minerals Inc. 

Diane Garrett, President and CEO
Phone: 210-621-4200
E-mail: dgarrett@romarco.com
  Dan Symons, Manager, Investor Relations
Phone: 416-367-5500
E-mail: dsymons@romarco.com

Renmark Financial Communications Inc. 
Maurice Dagenais 514-939-3989 or via e-mail at mdagenais@renmarkfinancial.com

Profil de l'entreprise

ROMARCO MINERALS INC.

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