Toronto, ON - (MetalsNews.com, July 21, 2010) - ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce drilling results from the Ledbetter area. The encouraging results are from step-out holes that identify mineralization beyond the currently proposed Ledbetter pit.
RC-1771 is a step-out hole from the intercept encountered in RC-1622 (see the November 23, 2009 press release). RC-1771 intersects the mineralized zone 38 meters (125 feet) to the southwest of RC-1622 which contained 6.1 meters of 2.6 g/t Au and 21.3 meters of 1.6 g/t Au. The mineralization in RC-1771 is located 137 meters (450 feet) southwest of RC-1756 which was announced in the June 9, 2010 press release (32.0 meters of 2.6 g/t Au). RC-1771 encountered several mineralized zones which are detailed in the table below. The best intercepts are 19.8 meters (65 feet) of 2.2 g/t Au (0.064 opt) at 222.5 meters (730 feet) and 54.9 meters (180 feet) of 2.6 g/t Au (0.077 opt) at 297.2 meters (975 feet) down the hole. Additional step-out holes are planned in order to determine the western extent of this mineralization.
RC-1784 is a step-out hole to test the area north of RC-1622. RC-1784 encountered the mineralized zone 18 meters (60 feet) north of RC-1622 and 102 meters (337 feet) west of RC-1756. RC-1784 intersects four intervals of gold mineralization with the best being 38.1 meters (125 feet) of 11.8 g/t Au (0.344 opt) at 260.6 meters (855 feet) down the hole. Assays are pending for step-out holes to the north and east of this zone.
|
Hole |
Interval (meters) |
From
(meters) |
To
(meters) |
Gold
(g/t) |
|
|
|
|
|
|
|
RC-1771 |
|
|
|
|
|
Ledbetter |
|
|
|
|
|
Interval |
6.1 |
120.4 |
126.5 |
0.8 |
|
Interval |
19.8 |
222.5 |
242.3 |
2.2 |
|
Interval |
9.1 |
249.9 |
259.0 |
0.6 |
|
Interval |
4.6 |
269.7 |
274.3 |
0.6 |
|
Interval |
4.6 |
281.9 |
286.5 |
0.6 |
|
Interval |
54.9 |
297.2 |
352.0 |
2.6 |
|
RC-1784 |
|
|
|
|
|
Ledbetter |
|
|
|
|
|
Interval |
6.1 |
237.7 |
243.8 |
2.4 |
|
Interval |
38.1 |
260.6 |
298.7 |
11.8 |
|
Interval |
53.3 |
307.8 |
361.2 |
1.5 |
|
Hole |
Interval (meters) |
From
(meters) |
To
(meters) |
Gold
(g/t) |
|
RC-1784 |
|
|
|
|
|
Interval |
6.1 |
367.3 |
373.4 |
1.9 |
The cross sections are attached:
http://romarco.com/projects/haile/drill_results/index.php?&content_id=303
The Haile mineralized zone remains open in all directions and at depth. Drilling continues in the Ledbetter, Snake, South and Horseshoe areas.
Drilling is being performed by Romarco’s company owned drill, Boart Longyear, and Connors Drilling. The drill samples are being assayed by Alaska Assay Labs in Fairbanks, AK. Blank samples as well as third party standards are inserted at random and submitted with all of the drill samples. The results of the control samples are within acceptable ranges. For a full discussion of the Company’s sampling, analysis, quality assurance quality control, and other technical disclosure please see the Company’s NI 43-101 Technical Report dated December 3, 2009 and revised April 1, 2010 on SEDAR. Romarco’s Qualified Person under NI 43-101 is Peter J. Butterfield senior geologist at Haile.
About Romarco Minerals Inc.
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 in the process of a feasibility study and continued exploration drilling. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage.
For further information please contact:
Romarco Minerals Inc.
Renmark Financial Communications Inc.
Maurice Dagenais 514-939-3989 or via email at mdagenais@renmarkfinancial.com
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
“Neither the TSX Venture 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”