Romarco Reports On Drilling Results

 

TORONTO, ON - Romarco Minerals reported an update of recent assay results from the on-going drill program at its 100%-owned Haile Gold Mine project in South Carolina and its regional projects in the Carolinas. The results continue to demonstrate the sustained growth and continuity of the mineralized system at Haile. Highlighted holes include: North Mustang: RCT-161, located approximately 135 meters north of Mustang, intersected 13.5 meters of 42.4 g/t gold, including 1.5 meters of 318.5 g/t gold; RCT-167 encountered 33.5 meters of 4.6 g/t gold, located 164 meters northwest of RCT-161 and approximately 60 meters east of RC-2058 (21.3 meters of 4.9 g/t gold); Palomino: RCT-168 intersected 55.0 meters of 6.8 g/t gold, 72 meters east of RCT-129 (70.1 meters of 5.5 g/t gold) and 62 meters southwest of RCT-139 (84.7 meters of 3.4 g/t gold); RCT-172 encountered 21.3 meters of 4.1 g/t gold, beginning at 154 meters down-hole and located 81 meters northeast of RCT-143 (22.9 meters at 3.9 g/t gold).

Exploration is continuing throughout the Haile system and at regional properties.  Drilling at Haile continues to extend and expand the deeper mineralized zones.  Recent results indicate a possible extension of Mustang to the north and continuity of mineralized material at Palomino.  The latest exploration also points to continuity between Snake and Horseshoe: DDH-431 intersected 25.9 meters of 1.4 g/t gold, 44 meters west of DDH-418 (41.1 meters of 8.4 g/t gold), and DDH-432 encountered 32.2 meters of 2.2 g/t gold, 37 meters west of DDH-431.  While performing geotechnical drilling to assess the potential for underground mining, RCT - 122 at Horseshoe, drilled within known mineralization, encountered 92.0 meters of 7.1 g/t gold including 10.1 meters of 28.9 g/t gold, which further supports the existing resource.

Phase two exploration programs consisting of 17 holes at the Company's Hickory property in North Carolina and 11 holes at the Bayberry property in South Carolina are underway.  A phase two exploration program consisting of 8 holes was recently completed at the Company's Ironwood property in North Carolina.