SOURCE: Romarco Minerals Inc.

November 07, 2007 10:30 ET

Romarco Commences Drilling on Red Canyon, Cortez

SPARKS, NV--(Marketwire - November 7, 2007) - ROMARCO MINERALS INC. (TSX-V: R) is pleased to announce that it has commenced reverse-circulation drilling at the Red Canyon project (JV, earn-in with Miranda Gold Corp), located in the Battle Mountain-Eureka Trend, Eureka County, Nevada. A 6,000 ft (~1,830m) drilling program is anticipated in three unique target areas.

Romarco's drilling will test for southern extensions of gold mineralization at the Ice Prospect, where a previous hole intersected 95 ft of 0.117 oz Au/t from 20 to 115 ft (29.0m of 4.01 g Au/t from 6.1 to 35.1m). Additional drill holes, between the Ice Zone and Gexa Prospects, will test for deeper gold zones identified by the 2005 drilling campaign.

The Red Canyon project consists of 237 unpatented lode mining claims (7.7 square miles / 19.8 square kilometers) and adjoins U.S. Gold's Tonkin Springs property to the west. The project covers an erosional "window" that exposes altered, brecciated and silicified lower-plate carbonate rocks that are age equivalent to the rocks hosting the Cortez Hills discovery. Drilling in 2005 by Miranda's previous JV partner Newmont Mining Corporation identified an extensive hydrothermal system between the Ice and Gexa target areas. Newmont's holes encountered deep oxidation, moderate to strong silicification and select intervals of mineralized breccias. These alteration features combined with elevated gold confirm the presence of a deeper, previously unrecognized Carlin-style gold system.

Mr. Tom Kilbey, Romarco's Sr. Geologist, is the Q.P. for the Red Canyon Project.

Romarco is a developing gold producer with the Hail Gold Mine in South Carolina, a large gold district in Zacatecas, Mexico and exploration projects in Nevada.

For further information, please contact Diane Garrett, President and C.E.O., or Shirene Urton at (775) 355-1900.

ON BEHALF OF ROMARCO MINERALS INC.

"Diane R. Garrett"
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 Information

  • ROMARCO MINERALS INC.

    997 Greg Street
    Sparks, NV
    USA 89431

    Tel: (775) 355-1900
    Fax: (775) 355-1907
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