Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (43430)	6/28/2007 4:10:10 PM
From: AuBug	Respond to of 78425

Romarco Drilling Returns 19 g/t Gold at Pinos Gold District, Mexico VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 28, 2007) - ROMARCO MINERALS INC. (R.v) is pleased to announce results from its initial drilling program and underground vein channel sampling program at the Pinos Gold District in Mexico. Historically, the Pinos district produced 5 million ounces of gold and 25+ million ounces of silver (reported by Bethlehem Steel) all from above the water table (100 meters in depth). Romarco's initial drilling has concluded that the veins extend at least 250 meters below surface (150 meters below the historic mining levels) and additional veins that do not outcrop at surface have been identified at depth. Due to the nature of the agreements on the property, Romarco was required to focus its initial drilling on the 50/50 Joint Venture ground with Minera Apolo. This area represents only 4% (138 hectares) of the total land package. Romarco has 100% interest in the remaining land package (3,000 hectares) and will begin drilling that area prior to year end. The initial drilling was comprised of 8 holes, with one or multiple veins being intersected in 7 of the 8 holes. Hole 5 returned the best intercepts with an 8.5 meter wide vein (see intercepts below). Romarco is continuing a comprehensive drilling and sampling program at the Pinos Gold District and is evaluating the potential of test mining the Penitas Vein which outcrops at surface and returned grades of 7 g/t gold and 189 g/t silver. The Penitas Vein is located on Romarco's 100% ground and represents the southern extension of a 2 kilometer Cinco Estrellas vein system that includes Tannous zone at the north end (core drilled area) and the San Luis-San Miguel-Guapo zones in the central portion (current underground channel sample. Hole No. Intercept (m) Gold (g/t) Silver (g/t) -------------------------------------------------------------- R-DDH-01-07 1.41 0.07 5 R-DDH-02-07 0.12 3.4 8 0.32 0.6 5 R-DDH-03-07 0.9 0.34 8 R-DDH-04-07 1.61 0.1 6 R-DDH-05-07 6.05 5.16 19 0.76 19 8 R-DDH-06-07 No Veining R-DDH-07-07 3.29 0.05 19 R-DDH-08-07 1.0 0.37 8 Drilling in a vein system establishes continuity and vein widths at depth, sampling establishes vein grades. Romarco has a team of underground samplers on the property accessing the 30, 70 and 100 meter levels utilizing existing shafts and sampling along previously mined as well as un-mined veins. The vein systems contain both coarse and fine gold. It should be noted that the veins sampled contain wallrock fragments which dilute the overall precious metals values. 121 quartz and breccia vein samples were taken in late May and early June from accessible levels of the San Luis Mine workings. 109 samples returned good gold mineralization averaging 2.77 g/t gold with a maximum of 15.2 g/t gold. 35 of 121 samples from the San Luis Vein system returned over 3.0 g/t (the highest being 15 g/t gold & 78 g/t silver) in the ALS Chemex gravimetric assaying. These 35 represent several loci of higher grade pods in the San Luis workings. They average 5.5 g/t Au and 56 g/t Ag. 31 samples quartz vein and breccia samples were taken in December continuing in April from the workings in the Tannous vein system within the area of the 8 hole core program. ALS Chemex metallic screen analysis of 29 samples return good mineralization levels averaging 2.8 g/t gold with 41 g/t silver. The highest grade sample return 6.7 g/t gold and 18 g/t silver. 16 samples quartz breccia vein samples were taken in December 2006 from the Guapo, Infitita, and San Miguel zones in the north part of the main Cinco Estrella vein system south of Tannous. Chemex metallic screen analysis of 15 samples return good mineralization levels averaging 3.8 g/t gold with 36.8 g/t silver. Vein Location Gold (g/t) Silver (g/t) ------------------------------------------------------------------------- San Luis Vein zone 109 samples over 0.4 g/t Au 2.78 33.4 35 samples over 3.0 g/t Au 5.55 56.2 SL-6A 7.05 72 SL-29 6.2 38 SL-45 4.2 176 SL-52 6.9 70 SL-58 15.2 118 SL-63 12.8 44 SL-71A 8.3 19 SL-74A 6.5 14 SL-90 4.0 128 SL-95 10.5 157 SL-96 8.6 140 SL-98 8.4 119 Tannous zone 29 samples over 0.4 g/t Au 2.8 41 17 samples over 2.0 g/t Au 3.9 37 T2-3 6.1 110 T3-1 5.9 37 T3-2 5.6 32 T3-5 6.7 18 T3-6 6.4 9.3 T3-7 6.6 11.3 Guapo, Infitita, San Miguel zones 15 samples over 0.4 g/t Au 3.6 48 G-2 13.1 25 P-1 5.8 192 I-1 11.5 10 T1A-2 4.6 25 This underground sampling program has illustrated to Romarco that the levels of gold mineralization is more robust in the central to southern limits of the Cinco Estrella system from San Miguel to San Luis to Penitas zones. Romarco will focus work in the next couple months to continue to evaluate these higher gold grade areas. It will also likely be the focus of new core drilling in the 4th quarter of 2007. Additional information on the Pinos Gold District, including maps and photos, is available at Romarco's website at romarco.com. 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: Diane Garrett Romarco Minerals Inc. President and C.E.O. (830) 634-7489 Email: dgarrett@romarco.com Mr. Ralf Langner Romarco Minerals Inc. C.F.O. (604) 688-9271 (604) 688-9274 (FAX) Email: rlangner@romarco.com Website: romarco.com -------------------------------------------------------------------------------- Source: Romarco Minerals Inc.