RC 1565 and 1573 were designed to test for new mineralization below the Snake pit. Portions of the Snake Pit are shallow as historic drilling (pre-Romarco) ceased after encountering the first or upper interval of mineralization. Romarco is targeting the lower interval and has identified (in RC 1565) that it begins at approximately 38 meters in depth. RC 1565 encountered 24.4 meters (80 feet) of 3.4 g/t (0.100 opt) gold and RC 1573 encountered 22.9 meters (75 feet) of 1.5 g/t (0.045 opt) gold. RC 1644 was a step-out hole to the east of Snake and intercepted 16.8 meters (55 feet) of 2.3 g/t (0.067 opt) gold. These holes will have a positive impact on adding ounces to the Snake area. Additional drill hole assays are pending from the Snake, South Pit, and Ledbetter areas.
------------------------------------------------------------------------- Hole Interval From To Gold (meters) (meters) (meters) (g/t) ------------------------------------------------------------------------- ------------------------------------------------------------------------- RC-1565 Snake ------------------------------------------------------------------------- 24.4 38.1 62.5 3.4 ------------------------------------------------------------------------- RC-1573 Snake ------------------------------------------------------------------------- 12.2 33.5 45.7 2.3 ------------------------------------------------------------------------- 7.6 48.8 56.4 2.6 ------------------------------------------------------------------------- 12.2 129.5 141.7 1.4 ------------------------------------------------------------------------- 22.9 172.2 195.1 1.5 ------------------------------------------------------------------------- RC-1644 Snake ------------------------------------------------------------------------- 16.8 313.9 330.7 2.3 ------------------------------------------------------------------------- 3.0 345.9 349.0 1.8 ------------------------------------------------------------------------- RC-1650 South Pit ------------------------------------------------------------------------- 3.0 35.1 38.1 0.6 ------------------------------------------------------------------------- 7.6 147.8 155.4 0.8 ------------------------------------------------------------------------- 4.6 185.9 190.5 6.0 -------------------------------------------------------------------------
Romarco currently has five drill rigs at the Haile mine. The current drill program is designed to identify additional resources and convert resources into proven and probable reserves across the entire mine property. The reverse circulation drilling is being performed by Boart Longyear and Romarco's company owned drill. Core drilling is being performed by Connors drilling. The drill samples are being assayed by Alaska Assay Labs in
Romarco's Qualified Person under NI-43-101 is
About Romarco Minerals Inc. ---------------------------
Romarco Minerals Inc. is a gold development company focused on production in the US and
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For further information: For further information: Romarco Minerals Inc.: Diane Garrett, President and CEO, (210) 621-4200, [email protected]; Victoria Vargas, V.P., Investor Relations, (416) 367-5500, [email protected]; Renmark Financial Communications Inc.: Dan Symons, (514) 939-3989, [email protected]
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