SPARKS, NV, June 29 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R) (the
"Company") is pleased to announce the acquisition of additional property along
the mineralized trend at the Haile Gold Mine in South Carolina. The new
property extends Romarco's land position 2.4 kilometers along strike beyond
the western edge of the South pit. Romarco now controls 4.7 kilometers of
strike length along the Haile mineralization corridor, nearly doubling what
the Company controlled previously.
This extension of land hosts known gold mineralization from historic
drilling. Romarco has the data from prior exploration activities (also see
press release dated January 26, 2009) . This property hosts the same rock
units that host the gold ore on the adjacent Haile Gold Mine property. The
technical team believes this parcel, which has not been sufficiently explored,
is part of the same system and may contain an extension of the Haile trend
that is currently being developed by Romarco. The Company believes the
Property has significant upside potential along strike and at depth. A map
showing the location of the property in relation to the Haile Gold Mine will
be on posted on the website.
Exposures of metamorphosed sediments ("metasediments") similar to the
host rocks at the historic Champion pit, the South pit, Ledbetter pit and
Snake pit are located on the property. Several outcrops of intensely
silicified metasediments with iron oxides replacing pyrite are present. A
program is currently being designed to drill test the property.
Diane Garrett, President and CEO commented, "We recognize we are in a
gold district and as such are continuing to increase our land position along
strike. This most recent land acquisition is significant given our knowledge
of the geology and mineralization that extends outward from the current Haile
Gold Mine resource. We will be drilling this and other newly acquired parcels
during 2009. We continue to have four drill rigs on site conducting step-out
and in-fill drilling on the current resource which remains open in all
directions and at depth".
Romarco has completed 23,000 meters of the 85,000 meter reverse
circulation drilling program for 2009. The drill program to date has focused
on step out drilling adjacent to mineralized zones and condemnation drilling
at proposed facilities. There are currently 52 holes pending assay results.
The option grant to Mr. Jim Arnold, COO and Director (see press release
dated May 13, 2009) expire on May 13, 2014.
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 is Romarco
Minerals qualified person.
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; Shirene Urton, (775) 355-1900; Renmark Financial Communications
Inc.: Dan Symons, firstname.lastname@example.org; Christine Stewart,
email@example.com; Media: Vanessa Napoli,
firstname.lastname@example.org; François Trépanier,
email@example.com, (514) 939-3989, (416) 644-2020;