Romarco drills 26 meters of 4.3 g/t, adds 5th rig at Haile
Mon Oct 5, 9:01 AM
ca.news.finance.yahoo.com
SPARKS, NV, Oct. 5 /PRNewswire-FirstCall/ - ROMARCO MINERALS INC. (TSXV: R.V) (the "Company") is pleased to announce recent assay results from the 2009 exploration program at the Haile Gold Mine, in South Carolina.
The 2009 drilling program continues to expand the mineralized zones between and beyond the three proposed pits at Haile. Year to date, approximately 51,000 meters of drilling have been completed in 173 holes. A significant focus of the 2009 drilling program is to identify gold mineralization between the proposed pits in order to bring them into one large pit and reduce the overall strip ratio. Drilling between previously known gold occurrences continues to provide evidence that the mineralization at Haile is a single system. Step-out drilling also continues to identify mineralization and the deposit continues to remain open in all directions and at depth.
The Company also announces that it has added a fifth rig to the exploration program at Haile. The newly contracted rig is a core drill rig which will be used for exploration and geotechnical drilling. Oriented core samples will be obtained from the core holes in order to guide exploration efforts and to optimize pit slope angles used for mine design work. Connors Drilling LLC, will be performing the core drilling.
The drill holes RC-1598, RC-1603, RC-1608, RC-1609, RC-1623, and RC-1624 were drilled in areas identified as favorable for mineralization between the currently proposed pits. RC-1615 and RC-1618 were drilled as step-out holes both north and east of known mineralized zones. Additional drilling has been completed within these areas and the assays are pending. Highlights of the recent results are presented below.
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Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
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RC-1598
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Interval 25.9 114.3 141.7 4.3
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Including 12.2 121.9 134.1 7.7
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RC-1603
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Interval 13.7 111.3 125 3.6
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RC-1608
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Interval 22.9 281.9 304.8 1.2
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RC-1609
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Interval 44.2 303.3 347.5 0.8
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RC-1618
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Interval 9.1 353.6 362.7 4.0
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RC-1623
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Interval 22.9 254.5 277.4 1.0
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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. 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 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. A bankable feasibility study will begin in the fourth quarter of 2009 and will be completed in the first quarter of 2010. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage
For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or by e-mail at dgarrett@romarco.com or Shirene Urton, Executive Assistant at (775) 355- 1900 or by e-mail at surton@romarco.com.
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."
SOURCE Romarco Minerals Inc. |
