TORONTO, Dec. 1 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R) (the "Company") is pleased to announce it has initiated the feasibility study at the Haile Gold Mine, South Carolina. The feasibility will comprise three primary areas - mining, processing, tailings and geotechnical and the engineering firms that were awarded contracts for those areas are:
Mining - Independent Mining Consultants (IMC), Tucson, AZ
Mill Design - M3 Engineering, Tucson, AZ
Tailings and Geotechnical - AMEC, Denver, CO
Under the direction of Jim Arnold (Sr. V.P, COO) the engineering firms will be working closely with the Company's internal mining team including James Berry (Chief Geologist - formerly with Barrick), Brent Anderson (Haile Mine Manager - formerly with Robinson Nevada - Quadra), Jim Wickens (Haile Mill Manager - formerly with Barrick) and Johnny Pappas (Environmental Director, formerly with Freeport McMoRan). (See press releases dated May 13, August 19 and November 10, 2009 for more information on the Haile technical team).
About the Feasibility Team
Independent Mining Consultants (IMC) - For more than 25 years, IMC has been recognized worldwide for its expertise in Open Pit Mine Design and Mine Planning as well as Ore Reserve Estimation and Mineral Economics. The experience of IMC personnel is enhanced with the use of the most modern computerized analytical tools and mine design capabilities. IMC has worked for large international mining conglomerates, medium sized mines, multiple commodity producers, and exploration firms. Past and current projects by IMC include Mesquite Mine (CA), Mount Hope (Nevada), Penasquito (Mexico), Mulatos (Mexico), Toromocho (Peru), PT. Freeport Indonesia (Indonesia), and Mount Milligan (British Columbia). IMC's documents have been reviewed and accepted by leading international financial institutions for investment decisions. Many properties have been successfully financed based on work completed by the engineers and geologists of Independent Mining Consultants.
M3 Engineering - Founded in 1986, M3 Engineering & Technology Corporation (M3) is a full service design firm providing professional Engineering, Procurement and Construction Management services to the hard rock mining industry. M3 offers a diverse field of services providing continuous design and construction services from project conception to final testing and integration. M3's largest project currently under construction is the Goldcorp Minera Penasquito poly-metallic mine in Zacatecas, Mexico with a capital cost in excess of $1 billion. Successful past projects include Quadra Mining Carlota, Goldcorp Penasquito, EPCM for Kennecott's Greens Creek Mine (Alaska), Feasibility Study for Mt. Hope (Nevada), Frontera Copper Piedras Verdes, Pan American Silver Alamo Dorado, Alamos Gold Mulatos, and Farallon Campo Morado. Historically, M3 has provided feasibility studies and design for some 7000 projects and is now recognized as an industry leader in Bankable Feasibility Studies and associated NI 43-101's.
AMEC - AMEC has provided site investigation, planning, design, construction and ongoing consulting services for over eighty tailings impoundments worldwide. As a company, AMEC has been responsible for design of a number of large tailings facilities for metal mines, coal and oil sands operations. Water and tailings management aspects are routinely integrated into tailings disposal system designs. AMEC is a leader in application of tailings management technologies, including co-disposal, thickened, paste and filtered (dry stack) tailings systems. AMEC's engineers and geologists are experienced in all aspects of earthquake design and earthquake stability analyses.
AMEC also provides cost-effective water management solutions into the engineering process, reducing the risk to owners. AMEC's multi-disciplinary team of engineers and scientists has become an industry leader in mine water management. AMEC is known throughout the industry for providing innovative, safe, cost-effective and technically sound water management solutions for mine operations and closure plans.
About Romarco Minerals Inc.
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.
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SOURCE Romarco Minerals Inc.
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