SPARKS, NV,
The updated resource estimate includes 23,400 meters of new drilling in 77 core and reverse circulation holes drilled between
The grade of the measured and inferred resources has also increased. The measured and indicated grade increased by 6% and the inferred grade increased by 12% as compared to the
Romarco has spent US
It is important to note that the resource estimate (measured, indicated and inferred) is based on drilling results received as of
Details of the updated gold resource are:
- The new mineralization model improves the knowledge and continuity of geologic control as defined by a 0.20 ppm (0.0058 oz/ton) mineralized envelope. - The resource was estimated by kriging, the same methodology as the Technical Report (NI 43-101) of March 19, 2009, with the mineralized envelope updated by new drilling. - The measured resource has increased by 85% to 1.47 million ounces with an increase in grade to Au 1.89 g/t or 0.055 opt. - The total measured and indicated resource has increased by 34% to 2.17 million ounces. - The total inferred resource has increased by 20% to 1.97 million ounces. HaileGoldMineProject Measured Resource ------------------------------------------------------------------------- Metric Short Cutoff Au g/t tonnes Gold tons Gold Cont (oz/ton) (000's) g/t (000's) oz/t oz Au ------------------------------------------------------------------------- 0.343 (0.01) 24,258 1.885 26,739 0.055 1,469,834 ------------------------------------------------------------------------- 0.514 (0.015) 20,343 2.165 22,424 0.063 1,416,000 ------------------------------------------------------------------------- 0.686 (0.02) 17,066 2.466 18,811 0.072 1,353,206 ------------------------------------------------------------------------- Indicated Resource ------------------------------------------------------------------------- Metric Short Cutoff Au g/t tonnes Gold tons Gold Cont (oz/ton) (000's) g/t (000's) oz/t oz Au ------------------------------------------------------------------------- 0.343 (0.01) 20,374 1.064 22,458 0.031 696,958 ------------------------------------------------------------------------- 0.514 (0.015) 14,529 1.320 16,016 0.038 616,437 ------------------------------------------------------------------------- 0.686 (0.02) 10,163 1.631 11,203 0.048 533,009 ------------------------------------------------------------------------- Measured + Indicated Resource ------------------------------------------------------------------------- Metric Short Cutoff Au g/t tonnes Gold tons Gold Cont (oz/ton) (000's) g/t (000's) oz/t oz Au ------------------------------------------------------------------------- 0.343 (0.01) 44,632 1.510 49,198 0.044 2,166,791 ------------------------------------------------------------------------- 0.514 (0.015) 34,872 1.813 38,439 0.053 2,032,437 ------------------------------------------------------------------------- 0.686 (0.02) 27,229 2.155 30,014 0.063 1,886,215 ------------------------------------------------------------------------- Inferred Resource ------------------------------------------------------------------------- Metric Short Cutoff Au g/t tonnes Gold tons Gold Cont (oz/ton) (000's) g/t (000's) oz/t oz Au ------------------------------------------------------------------------- 0.343 (0.01) 61,179 1.002 67,437 0.029 1,970,609 ------------------------------------------------------------------------- 0.514 (0.015) 37,854 1.362 41,726 0.040 1,657,418 ------------------------------------------------------------------------- 0.686 (0.02) 26,404 1.696 29,105 0.049 1,439,571 ------------------------------------------------------------------------- Note: Mineral resources are inclusive of mineral reserves.
The National Instrument 43-101 Technical Report is currently in process and will be SEDAR filed soon. All Q.P. individuals have reviewed and approved this press release.
Romarco Minerals Inc. is a gold development company focused on production in the US and
ON BEHALF OF ROMARCO MINERALS INC. "Diane R. Garrett" Diane R. Garrett, President and C.E.O. "NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE."
For further information: For further information: Diane Garrett, President and C.E.O., (210) 621-4200, [email protected]
Share this article