ROMARCO DRILLS 77.7 METERS OF 8.0 G/T AND 148.3 METERS OF 3.6 G/T
September 07 2010 - 1:53PM
PR Newswire (Canada)
TORONTO, Sept. 7 /CNW/ -- TORONTO, Sept. 7 /CNW Telbec/ - ROMARCO
MINERALS INC. (TSX-V:R) (the "Company") is pleased to announce
ongoing drilling results from the Haile Gold Mine in South
Carolina. The results indicate continued expansion of the
mineralized zones at Haile and the increased potential for
continuity of the mineralized system between Snake and Horseshoe.
Highlighted holes from each zone include: RC-1816 - encountered
77.7 meters of 8.0 g/t gold on the western edge of Ledbetter,
RC-1795 - encountered 19.8 meters of 10.6 g/t gold at Snake,
RCT-019 - encountered 30.8 meters of 4.9 g/t gold 74 meters east of
Snake and 166 meters west of Horseshoe, and RCT-025 - encountered
148.3 meters of 3.6 g/t gold at Horseshoe. All zones on the Haile
project remain open in all directions and at depth. See table below
for drill results. The Company also discloses that it has recovered
core samples from its ongoing drill program in the Horseshoe zone
containing heavy concentrations of visible gold from 426.7 meters
to 427.1 meters in DDH-379, which is projected to be 15 meters from
RCT-004. The quantity of gold can only be definitively determined
through assaying; however, the Company is contemplating not
assaying this core and instead displaying it in the Haile Gold Mine
museum due to the extraordinary quantity of gold and rare nature of
this type of specimen. Pictures of the core are available at:
http://romarco.com/projects/index.php?&content_id=323 or on the
Company's website (www.romarco.com). Diane Garrett, President and
CEO commented, "We continue to be pleased with the results from
this world class gold deposit. The grades and extent of mineralized
intercepts being encountered continue to demonstrate the robust
nature of the orebody and the opportunities for expanding the
resource. The extension of Ledbetter to the west, South Pit to the
west and Snake to the northeast is very encouraging, particularly
with the higher grades being encountered. Although Horseshoe is
still very much a new discovery zone and in its early stages of
development, the results reported today further support our
hypothesis that Horseshoe is an extension of the Haile mineralized
system and that Snake and Horseshoe may ultimately connect with
additional drilling." Selected drilling results from the South Pit,
Ledbetter, Snake, and Horseshoe zones are summarized in the table
below:
-------------------------------------------------------------------------
Hole Interval From To Gold (meters) (meters) (meters) (g/t)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
RC-1799
-------------------------------------------------------------------------
South Pit
-------------------------------------------------------------------------
Interval 3.0 126.5 129.5 3.5
-------------------------------------------------------------------------
Interval 3.0 141.7 144.7 0.6
-------------------------------------------------------------------------
Interval 3.0 149.4 152.4 1.4
-------------------------------------------------------------------------
RC-1807
-------------------------------------------------------------------------
South Pit
-------------------------------------------------------------------------
Interval 21.3 195.1 216.4 3.0
-------------------------------------------------------------------------
Including 6.1 205.7 211.8 5.6
-------------------------------------------------------------------------
Interval 9.1 297.2 306.3 0.5
-------------------------------------------------------------------------
RC-1808
-------------------------------------------------------------------------
South Pit
-------------------------------------------------------------------------
Interval 9.1 185.9 195.0 1.3
-------------------------------------------------------------------------
Interval 16.8 202.7 219.5 1.1
-------------------------------------------------------------------------
Interval 4.6 272.8 277.4 1.1
-------------------------------------------------------------------------
Interval 10.7 289.5 300.2 2.9
-------------------------------------------------------------------------
Including 4.6 295.6 300.2 4.9
-------------------------------------------------------------------------
Interval 7.6 307.9 315.5 2.2
-------------------------------------------------------------------------
RC-1812
-------------------------------------------------------------------------
South Pit
-------------------------------------------------------------------------
Interval 7.6 121.9 129.5 1.2
-------------------------------------------------------------------------
Interval 27.4 176.8 204.2 3.8
-------------------------------------------------------------------------
Including 6.1 179.8 185.9 9.3
-------------------------------------------------------------------------
RC-1817
-------------------------------------------------------------------------
South Pit
-------------------------------------------------------------------------
Interval 4.6 62.5 67.1 1.0
-------------------------------------------------------------------------
Interval 9.1 214.9 224.0 4.8
-------------------------------------------------------------------------
Interval 3.0 262.1 265.1 0.8
-------------------------------------------------------------------------
RC-1792
-------------------------------------------------------------------------
Ledbetter
-------------------------------------------------------------------------
Interval 3.0 132.6 135.6 0.8
-------------------------------------------------------------------------
Interval 9.1 207.3 216.4 4.5
-------------------------------------------------------------------------
Interval 6.1 236.2 242.3 6.3
-------------------------------------------------------------------------
Interval 7.6 449.6 457.2 0.7
-------------------------------------------------------------------------
Interval 7.6 463.3 470.9 0.8
-------------------------------------------------------------------------
RC-1803
-------------------------------------------------------------------------
Ledbetter
-------------------------------------------------------------------------
Interval 3.0 12.2 15.2 0.6
-------------------------------------------------------------------------
Interval 3.0 150.9 153.9 0.6
-------------------------------------------------------------------------
Interval 9.1 157.0 166.1 0.9
-------------------------------------------------------------------------
Interval 6.1 201.2 207.3 0.5
-------------------------------------------------------------------------
Interval 6.1 396.2 402.3 3.5
-------------------------------------------------------------------------
RC-1810
-------------------------------------------------------------------------
Ledbetter
-------------------------------------------------------------------------
Interval 3.0 114.3 117.3 0.9
-------------------------------------------------------------------------
Interval 48.8 216.4 265.2 3.1
-------------------------------------------------------------------------
Including 15.2 217.9 233.1 7.8
-------------------------------------------------------------------------
Interval 30.5 300.2 330.7 0.8
-------------------------------------------------------------------------
Interval 16.8 336.8 353.6 0.7
-------------------------------------------------------------------------
RC-1816
-------------------------------------------------------------------------
Ledbetter
-------------------------------------------------------------------------
Interval 3.0 307.9 310.9 3.5
-------------------------------------------------------------------------
Interval 77.7 333.8 411.5 8.0
-------------------------------------------------------------------------
Including 10.7 335.3 346.0 46.4
-------------------------------------------------------------------------
RC-1795
-------------------------------------------------------------------------
Snake
-------------------------------------------------------------------------
Interval 19.8 125.0 144.8 10.6
-------------------------------------------------------------------------
Including 9.1 134.1 143.2 21.1
-------------------------------------------------------------------------
Interval 6.1 201.2 207.3 1.0
-------------------------------------------------------------------------
Interval 48.8 274.3 323.1 0.7
-------------------------------------------------------------------------
Interval 4.6 338.3 342.9 1.0
-------------------------------------------------------------------------
RC-1798
-------------------------------------------------------------------------
Snake
-------------------------------------------------------------------------
Interval 7.6 155.4 163.0 3.9
-------------------------------------------------------------------------
Interval 3.0 172.2 175.2 0.7
-------------------------------------------------------------------------
RCT-012
-------------------------------------------------------------------------
Snake-Horseshoe
-------------------------------------------------------------------------
Interval 21.0 398.4 419.4 2.3
-------------------------------------------------------------------------
Including 13.7 399.3 413.0 3.2
-------------------------------------------------------------------------
RCT-019
-------------------------------------------------------------------------
Snake-Horseshoe
-------------------------------------------------------------------------
Interval 16.7 441.9 458.6 6.3
-------------------------------------------------------------------------
Interval 4.5 467.8 472.3 6.6
-------------------------------------------------------------------------
Interval 7.2 492.4 499.6 8.0
-------------------------------------------------------------------------
Interval 4.6 506.0 510.6 0.9
-------------------------------------------------------------------------
Interval 7.6 513.6 521.2 1.5
-------------------------------------------------------------------------
Interval 30.8 563.6 594.4 4.9
-------------------------------------------------------------------------
Interval 7.1 611.6 618.7 1.6
-------------------------------------------------------------------------
Interval 6.1 649.2 655.3 1.6
-------------------------------------------------------------------------
RCT-025
-------------------------------------------------------------------------
Horseshoe
-------------------------------------------------------------------------
Interval 148.3 263.2 411.5 3.6
-------------------------------------------------------------------------
Including 12.2 310.9 323.1 7.2
-------------------------------------------------------------------------
Including 7.6 339.9 347.5 8.0
-------------------------------------------------------------------------
Including 51.2 352.7 403.9 4.9
-------------------------------------------------------------------------
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. Please note: This entire press release may be
accessed via fax, e-mail, Romarco's website at www.romarco.com and
through CNW Group's website at www.newswire.ca. All material
information on Romarco Minerals Inc. can be found at www.sedar.com
-------------------------------------------------------------------
"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" Romarco Minerals Inc.: Diane Garrett, President and CEO,
Phone: 210-621-4200, E-mail: dgarrett@romarco.com; Dan Symons,
Manager, Investor Relations, Phone: 416-367-5500, Email:
dsymons@romarco.com; Renmark Financial Communications Inc.: Maurice
Dagenais, 514-939-3989 or via email at
mdagenais@renmarkfinancial.com
Copyright
Romarco Minerals Inc. (TSXV:R)
Historical Stock Chart
From May 2024 to Jun 2024
Romarco Minerals Inc. (TSXV:R)
Historical Stock Chart
From Jun 2023 to Jun 2024