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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (1235)	5/17/2007 9:37:14 AM
From: LoneClone	Respond to of 193893

Romarco Announces Core Drilling at Pine Grove Thursday May 17, 8:15 am ET biz.yahoo.com VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--May 17, 2007 -- ROMARCO MINERALS INC. (CDNX:R.V - News) is pleased to announce that drilling has resumed at its Pine Grove Project in western Nevada. The first two holes (PG-34 & PG-35) of the reverse circulation program failed to pass completely through mineralized zones to depth of 600 meters below surface. Romarco is changing to core drilling and has mobilized a rig on site this week. Kirkness Core Drilling Company has arrived at the property and will be completing the Phase I program at the East Pine Grove target area. Romarco's technical team has determined that the extensive disseminated mineralization, which was first intersected in PG-32 (intersecting 100 meters of 1.0 g/t Au) and still open to depth, has the potential to host large tonnage bulk mineable ore bodies that may be exploitable by underground block caving techniques. This current continuation of Phase I drilling at Pine Grove will consist of 7500 feet in 3 to 4 angle holes located throughout the southern half of the East Pine Grove target and will be drilled to an average depth of 600 meters (approx. 2000 ft.) to penetrate granite basement rocks below the disseminated target zone. Some of the core drilling is planned to expand the horizontal extent of gold mineralization which currently tested to a size of 2 km long (NE direction) by 125 meters wide (NW) and 330 meters vertical depth which remains open. Romarco is also beginning the process of permitting with the USFS a Phase II drilling program that includes expansion of the East Pine Grove area and testing of the old Rockland Mine area farther uphill to the west. Romarco's Qualified Person on the project is Tom Kilbey, Senior Geologist for Romarco. The Pine Grove Project, located in the Walker Lane Mineral Belt of western Nevada, is a joint venture with Carlin Gold (CDNX:CGD.V - News). Romarco is earning a 60% interest in the project by completing expenditures of US$2MM prior to December 31, 2009, with an option to elect to earn an additional 10% interest (total 70%) by committing to take the project to final feasibility within three years of Romarco's initial earn-in. The property consists of 142 unpatented claims located in the Pine Grove mining district, which has estimated historic production of approximately 290,000 ounces gold equivalent (includes silver). The property includes the old Rockland mine, which produced an estimated 50,000 ounces of gold between 1870 and the late 1930's. Pine Grove has excellent potential for discovery of multiple bonanza-grade veins associated with a Tertiary-age bimodal volcanic suite and recently indicated potential for underground bulk mineable tonnages within the East Pine Grove area. Romarco is an advanced stage exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. Romarco's management and Board of Directors are comprised of senior mining executives who have extensive experience identifying, developing, financing and operating precious metals deposits in the Americas. It is Romarco's goal to become a producer through development of its own projects as well as through the acquisition of advanced stage projects. Romarco currently has five exploration projects in Nevada, and one gold district in Mexico. ON BEHALF OF ROMARCO MINERALS INC. Diane R. Garrett, President and C.E.O. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release, which has been prepared by management. Contact: Contacts: Romarco Minerals Inc. Diane Garrett President and C.E.O. (830) 634-7489 Email: dgarrett@romarco.com Romarco Minerals Inc. Mr. Ralf Langner C.F.O. (604) 688-9271 (604) 688-9274 (FAX) Email: rlangner@romarco.com / info@romarco.com Website: romarco.com Source: Romarco Minerals Inc.