ROMARCO INTERSECTS 66 METERS OF 10.9 G/T AT HORSESHOE
October 28 2010 - 8:00AM
PR Newswire (Canada)
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
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