SPARKS, NV, Aug. 31 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R) (the
"Company") is pleased to announce recent assay results from the 2009
exploration program at the Haile Gold Mine, in South Carolina.
The drill results summarized in this announcement are from the area
around the proposed Ledbetter pit., one of three main current pits. Additional
drill results and interpretation pertaining to the Snake and South pits will
be forthcoming. The results announced to date, including those announced
today, have demonstrated the following:
1. Ledbetter continues to expand in all directions, remaining open in all
directions and at depth.
2. A well mineralized zone (see RC 1546 below) east of Ledbetter and
trending south toward Snake is currently being drilled. This zone is
trending toward mineralization identified on the west side of Snake.
The drilling will continue towards Snake with the expectation that
those two deposits will connect.
3. High grade Au (+5 g/t) continues to be encountered in the areas
surrounding the proposed Ledbetter pit. Recent drilling has
demonstrated that similar high grade areas are not just confined to
Ledbetter as they have also been identified in an area south of
Ledbetter and also east of Snake (see press release dated July 13,
2009, 34 meters @ 5.3 g/t gold)
4. Drilling between the Snake, Ledbetter, and South pits has identified
new mineralization which may coalesce proposed pits and reduce the
over all strip ratio. The current drilling program is continuing to
establish this concept.
The drilling within the Ledbetter area includes RC-1516, RC-1525,
RC-1527, RC-1530, RC-1533, RC-1534, RC-1535, RC-1537, RC-1538, RC-1542,
RC-1545, RC-1553, RC-1563, RC-1594, and RC-1606, some having been recently
released. RC-1590 was a twin hole of DDH-296 which was used to monitor the
sample quality of the reverse circulation drilling. The ore thickness and the
grade of RC-1590 reflected the results of DDH-296 and therefore the team is
confident in the results returned from the RC program. Additional twinning of
core holes is being conducted to continue monitoring quality and consistency
of results from both core and RC drilling . Step-out drilling continues in the
Ledbetter area and several holes have assays pending. The drilling results
around Ledbetter indicate that the mineralization remains open in all
directions and at depth. Highlights of the released holes are provided in the
table below.
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Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
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RC-1516
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Interval 4.5 175.3 179.8 8.2
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RC-1527
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Interval 10.7 173.7 184.4 7.2
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Including 1.5 182.9 184.4 33.7
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RC-1534
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Interval 10.7 225.6 236.2 1.4
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RC-1535
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Interval 7.6 210.3 217.9 3.4
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Interval 3.0 274.3 277.3 1.9
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RC-1563
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Interval 19.8 146.3 166.1 1.1
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Interval 29.0 228.6 257.6 1.5
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RC-1590
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Interval 39.6 57.9 97.5 4.7
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RC-1594
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Interval 12.2 153.9 166.1 0.9
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Interval 15.3 356.6 371.9 1.1
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RC-1606
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Interval 15.3 109.7 125.0 2.8
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Including 3.1 121.9 125.0 8.1
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Interval 30.4 181.4 211.8 2.0
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Interval 7.6 225.5 233.1 2.3
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Interval 7.6 240.8 248.4 0.9
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The on-going 2009 drill program consists of 85,000 meters (279,000 feet)
of drilling with four rigs focused on step-out drilling in order to expand
known resources and identify new ones. The current drilling is being performed
by Boart Longyear and by Romarco's company owned drill. The drill samples are
being assayed by Alaska Assay Labs in Fairbanks, AK and Inspectorate Labs in
Sparks, NV. Blank samples as well as third party standards were submitted with
all of the drill holes. The results of the control samples were within
acceptable ranges. Romarco's Qualified Person is Tom Kilbey, Sr. Geologist
with the Company.
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, bankable
feasibility study and permitting. The Pinos Gold District in Mexico is a high
grade epithermal vein district in the advanced exploration stage.
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."
