Romarco Minerals Inc. (TSXV:R)
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TORONTO, Oct. 28 /CNW/ --
TRADING SYMBOL: TSX-V: R
TORONTO, Oct. 28 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX-V: R) (the "Company") is pleased to announce further drilling results from
the Haile Gold Mine in South Carolina. Final assays are reported for
Horseshoe holes DDH-378 and DDH-379, released September 20, 2010.
Additionally, assay results are reported from drilling between the
South and Ledbetter pits.
The Company announces receipt of the remaining results for DDH-378 and
DDH-379 at Horseshoe (see September 20, 2010 press release for partial
results). The updated results from deeper within these drill holes are
reported together with the previously released upper zones. New
drilling highlights include 7.7 meters of 12.8 g/t Au and 33.4 meters
of 4.2 g/t Au from DDH-378, and 66.0 meters of 10.9 g/t Au from
DDH-379. The 0.5 meter intercept from DDH-379 containing abundant
visible gold is located within the mentioned interval (see September 7,
2010 press release), but has not been assayed and instead will be
retained as a museum specimen. The Horseshoe zone remains open in all
directions and at depth.
Continued drilling beyond the limits of the proposed South and Ledbetter
pits has identified additional mineralization. DDH-351 encountered
mineralization deeper and north of the proposed South pit, including
51.2 meters of 4.1 g/t Au beginning 170 meters below surface. The
intercept is poorly constrained with the nearest holes being 71 meters
west and 37 meters to the southwest. DDH-351 is approximately 205
meters southwest from RC-1810 and RC-1816 (released September 7, 2010)
that returned 48.8 meters of 3.1 g/t Au and 77.7 meters of 8.0 g/t Au,
respectively. RC-1810 and RC-1816 identify a deeper and western
extension of the proposed Ledbetter pit. Highlights from additional
holes reported in the area west of Ledbetter include RC-1790 with 68.6
meters of 1.3 g/t Au and RC-1818 with 56.4 meters of 1.8 g/t Au.
Collectively, these results indicate potential continuity of
mineralization between the South and Ledbetter pits. Step out drilling
is planned to determine the extent of the mineralization.
Selected drilling results are summarized in the table below:
________________________________________________
| Hole | Interval | From | To |Gold |
| | (meters) |(meters)|(meters)|(g/t)|
|___________|____________|________|________|_____|
| DDH-351 | | | | |
|___________|____________|________|________|_____|
| South Pit | | | | |
|___________|____________|________|________|_____|
| Interval | 3.7 | 184.4 | 188.1 | 1.1 |
|___________|____________|________|________|_____|
| Interval | 10.7 | 199.6 | 210.3 | 2.8 |
|___________|____________|________|________|_____|
| Interval | 51.2 | 216.4 | 267.6 | 4.1 |
|___________|____________|________|________|_____|
| Including | 14.0 | 251.5 | 265.5 | 8.8 |
|___________|____________|________|________|_____|
| RC-1790 | | | | |
|___________|____________|________|________|_____|
| Ledbetter | | | | |
|___________|____________|________|________|_____|
| Interval | 33.5 | 236.2 | 269.7 | 1.8 |
|___________|____________|________|________|_____|
| Interval | 68.6 | 306.3 | 374.9 | 1.3 |
|___________|____________|________|________|_____|
| RC-1818 | | | | |
|___________|____________|________|________|_____|
| Ledbetter | | | | |
|___________|____________|________|________|_____|
| Interval | 12.2 | 208.8 | 221.0 | 1.3 |
|___________|____________|________|________|_____|
| Interval | 4.6 | 227.1 | 231.7 | 1.7 |
|___________|____________|________|________|_____|
| Interval | 7.6 | 240.8 | 248.4 | 1.1 |
|___________|____________|________|________|_____|
| Interval | 13.7 | 265.2 | 278.9 | 1.0 |
|___________|____________|________|________|_____|
| Interval | 56.4 | 286.5 | 342.9 | 1.8 |
|___________|____________|________|________|_____|
| RC-1811 | | | | |
|___________|____________|________|________|_____|
| Ledbetter | | | | |
|___________|____________|________|________|_____|
| Interval | 3.0 | 96.0 | 99.0 | 1.4 |
|___________|____________|________|________|_____|
| Interval | 33.5 | 344.4 | 377.9 | 1.7 |
|___________|____________|________|________|_____|
| RC-1826 | | | | |
|___________|____________|________|________|_____|
| Ledbetter | | | | |
|___________|____________|________|________|_____|
| Interval | 4.6 | 289.5 | 294.1 | 1.6 |
|___________|____________|________|________|_____|
| Interval | 7.6 | 318.5 | 326.1 | 2.5 |
|___________|____________|________|________|_____|
| Interval | 3.0 | 332.2 | 335.2 | 1.4 |
|___________|____________|________|________|_____|
| Interval | 13.7 | 339.8 | 353.5 | 1.1 |
|___________|____________|________|________|_____|
| Interval | 9.1 | 362.7 | 371.8 | 1.0 |
|___________|____________|________|________|_____|
| DDH-378 | | | | |
|___________|____________|________|________|_____|
| Horseshoe | | | | |
|___________|____________|________|________|_____|
|* Interval | 19.2 | 204.8 | 224.0 |46.5 |
|___________|____________|________|________|_____|
|* Including| 0.6 | 212.8 | 213.4 |895.1|
|___________|____________|________|________|_____|
|* Interval | 5.0 | 243.8 | 248.8 | 7.3 |
|___________|____________|________|________|_____|
| Interval | 7.7 | 258.5 | 266.2 |12.8 |
|___________|____________|________|________|_____|
| Interval | 33.4 | 271.3 | 304.7 | 4.2 |
|___________|____________|________|________|_____|
| Including | 9.3 | 292.6 | 301.9 |10.0 |
|___________|____________|________|________|_____|
| DDH-379 | | | | |
|___________|____________|________|________|_____|
| Horseshoe | | | | |
|___________|____________|________|________|_____|
| Interval | 12.0 | 187.0 | 199.0 | 4.3 |
|___________|____________|________|________|_____|
|* Interval | 16.8 | 199.0 | 215.8 |25.3 |
|___________|____________|________|________|_____|
|* Including| 6.7 | 200.0 | 206.7 |38.2 |
|___________|____________|________|________|_____|
|* Including| 3.0 | 211.9 | 214.9 |47.6 |
|___________|____________|________|________|_____|
| Interval | 66.0 | 385.5 | 452.0 |10.9 |
|___________|____________|________|________|_____|
| Including | 41.0 | 385.5 | 426.5 |11.3 |
|___________|____________|________|________|_____|
|Non-assayed visible gold| 426.5 | 427.0 | - |
|________________________|________|________|_____|
| Including | 25.0 | 427.0 | 452.0 |10.2 |
|___________|____________|________|________|_____|
* Previously released on September 20, 2010
Plan map and cross section diagrams are available at:
http://romarco.com/projects/haile/drill_results/index.php?&content_id=329
Drilling is being performed by Romarco's company owned drill, by Connors
Drilling, and by Boart Longyear. The drill samples are prepared and
assayed by Alaska Assay Laboratories. Samples are prepared at their
facility in Spartanburg, SC and assaying is completed in Fairbanks,
AK. Blank samples and third party standards are inserted at random for
submittal with all of the drill samples. The results of the control
samples are within acceptable ranges. Periodic duplicate and check
samples are analyzed by ALS Chemex in Reno, NV. 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.
"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"
To view this news release in HTML formatting, please use the following URL: http://www.cnw.ca/en/releases/archive/October2010/28/c6701.html
pbRomarco Minerals Inc./bbr/ br//p table valign="top" border="0"tr valign="top"td align="left"Diane Garrett, President and CEO br/ Phone: 210-621-4200br/ E-mail: a href="mailto:dgarrett@romarco.com"dgarrett@romarco.com/a/td td align="left"Dan Symons, Manager, Investor Relationsbr/ Phone: 416-367-5500br/ Email: a href="mailto:dsymons@romarco.com"dsymons@romarco.com/a/td/tr/table p align="justify"bRenmark Financial Communications Inc./b/p p align="justify"Maurice Dagenais 514-939-3989 or via email at a href="mailto:mdagenais@renmarkfinancial.com"mdagenais@renmarkfinancial.com/a/p p align="justify"Please note:br/ This entire press release may be accessed via fax, e-mail, Romarco's website at a href="http://www.romarco.com"www.romarco.com/a and through CNW Group's website at a href="http://www.newswire.ca"www.newswire.ca/a. All material information on Romarco Minerals Inc. can be found at a href="http://www.sedar.com"www.sedar.com/a/p