SPARKS, NV, May 13 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R) (the
"Company") is pleased to announce that it has appointed Mr. James R. Arnold,
P.E. as Sr. VP, Chief Operating Officer of the Company. In addition, Mr.
Arnold has been appointed to the Board of Directors of Romarco.
Mr. Arnold has a long and distinguished career of over 30 years in the
mining industry working in all phases of surface and underground mine
operations. Among his many accomplishments, Mr. Arnold was involved in the
building and management of one of the lowest cost gold operations at Gold
Field's Chimney Creek Mine, managed one of the lowest cost underground mines
at Henderson Mine, helped write and implement many of the environmental laws
used in the US today, led a mining consulting firm as President and CEO of
Knight Piesold and Co. which provided technical services to the mining
industry, and held the position of President of the Society for Mining,
Metallurgy and Exploration (SME) and Chairman of the Nevada Mining
Mr. Arnold was recently Vice President, Colorado Operations for Freeport
McMoRan where he led the Climax re-start project through feasibility,
engineering, staffing and construction. Prior thereto he was V.P. Technical
Services for Coeur d'Alene Mines Corp., and also held the position of General
Manager for Kinross' Goldbanks Project and Manager of Santa Fe Pacific Gold's
Twin Creeks project in Nevada.
Diane Garrett, President and CEO, commented, "Romarco is excited and
pleased to add Jim to the Romarco team as he is one of the most respected and
well known operators in our industry, and will bring great value to the Haile
project and the future growth of the Company. His level of technical expertise
in building and operating mines will be extremely valuable to our
shareholders. Jim will be based locally in South Carolina leading the team in
the continued resource expansion, assessing district exploration potential and
developing and executing a mine plan for Haile. This will be the first
appointment in assembling an experienced team of mining professionals at the
Haile site to continuing delivering exceptional value for our shareholders."
Mr. Arnold commented, "The Haile Gold Mine is a significant asset with
tremendous potential. I am excited to be part of this growth story, to lead
the team of professionals at the Haile Mine site, to be part of building a
successful operating company, and to serve the shareholders as a Director of
Mr. Arnold holds a degree in Metallurgical Engineering from University of
Idaho and an M.S. degree in Engineering Management.
The Company wishes to acknowledge and thank Mr. Ken Brunk, for his
leadership in guiding the completion of the feasibility study on the Haile
Gold Mine. Mr. Brunk will remain a technical consultant to the Company.
Mr. Arnold has been granted 500,000 stock options at C$0.56 in connection
with this appointment.
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, and
permitting. The Pinos Gold District in Mexico is a high grade epithermal vein
district that is in the advanced exploration stage. Tom Kilbey, Sr. Geologist
for Romarco, is the designated Qualified Person under NI 43-101.
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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