TORONTO, March 19, 2012 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") confirms that it has filed on SEDAR a Technical Report dated March 13, 2012, and titled "Haile Gold Mine Project, Lancaster County, South Carolina", as referenced in Romarco's news release of February 7, 2012. The Technical Report was prepared in compliance with National Instrument ("NI") 43-101: Standards of Disclosure for Mineral Projects. The report will also be available on Romarco's website: www.romarco.com
Qualified Persons
The resource and reserve calculations in the Technical Report were completed by Independent Mining Consultants of Tucson, Arizona under the direction of Mr. John Marek, PE, an independent Qualified Person ("Q.P.") pursuant to NI 43-101. The underground mining methods and production costs and underground stope layouts were completed by Snowden Mining Industry Consultants of Vancouver, BC, under the direction of Mr. Anthony Finch P. Eng MAusIMM (CP Min) (Divisional Manager - Snowden), an independent Q.P. pursuant to NI 43-101. M3 Engineering & Technology Corp. completed the NI 43-101 Technical Report under the direction of Mr. Joshua Snider, PE, and independent Q.P. pursuant to NI 43-101. All Q.P. individuals have reviewed and approved the Technical Report.
The mineral resource estimate was calculated using the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definitions Standards for mineral resources in accordance with NI 43-101 - Standards of Disclosure for Mineral Projects.
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
For further information:
Romarco Minerals Inc.
Diane Garrett, President and CEO
Phone: 210-621-4200
E-mail: [email protected]
Dan Symons, Vice President, Investor Relations
Phone: 416-367-5500
E-mail: [email protected]
Renmark Financial Communications Inc.
Maurice Dagenais 514-939-3989 or via e-mail at [email protected]
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