SOURCE: Romarco Minerals Inc.

November 15, 2007 08:30 ET

Romarco Identifies 8 Zones - Up to 50 g/t Au and 160 g/t Ag at Pinos Gold District, Zacatecas Mexico

SPARKS, NV--(Marketwire - November 15, 2007) - ROMARCO MINERALS INC. (TSX-V: R) is pleased to report that having satisfied its work pursuant to a JV option on the northern extension of the Cinco Estrellas Vein (representing 4% of the landholdings), the company is rapidly progressing with the investigation and exploration of the remaining portion of the claim block which includes three additional vein systems. All existing historical data is being incorporated into the Romarco data base. A 3-dimensional model is being developed and the work is identifying highly prospective zones with both lateral and vertical continuity that will be targeted in Romarco's upcoming drill program. Underground channel sampling of the Cinco Estrellas and La Paz Veins has been completed. Underground channel sampling of the San Ramon vein is well advanced and sampling of the Candelaria vein is scheduled to commence shortly. The San Ramon and Candelaria vein systems were the host of the majority of the past production by the Spanish and Cornish miners during the late 1800s.

The target zones identified to date by Romarco are summarized below:

1) The San Luis Mine in The Cinco Estrellas vein system includes a zone from the 128 meter shaft crosscut extending 30 meters northward along the vein system and down dip for 9.3 meters. This represents the deepest level exposure of the Cinco Estrellas. Assays range from 2.7 to 10.9 g/t Au and 32 to 180 g/t Ag with averages for the zone being 7.6 g/t Au and 106 g/t Ag.

2) The La Paz vein system between the Quatro and Las Josefinas shafts on the 55 meter level includes an 80 meter zone along strike with assays ranging between 10 and 50.7 g/t Au and 11 to 59 g/t Ag.

3) The Arandas area of the Cinco Estrellas vein system includes a zone 90 meters long on a 1 meter wide vein segment under old stopes on the 75 meter level containing precious metal values ranging from 5 to 32 g/t Au and 10 to 150 g/t Ag with assays averaging 13.4 g/t Au and 77 g/t Ag.

4) In the San Ramon shaft area of the San Ramon vein system a zone 100 meters long on a 0.3 meter wide vein segment on the 100 meter level with values ranging from 2.64 to 30 g/t Au and 45.6 to 161.2 g/t Ag. Average of the 30 channel samples in this area graded 9.1 g/t Au and 78 g/t Ag.

5) In the Dolores Shaft area of the San Ramon vein system a zone 50 meters long on a 0.5 meter wide vein segment on the 40 meter level tunnel with precious metals averaging 8.5 g/t Au and 120 g/t Ag.

6) In the Candelaria Mine, an area of 100 meters of extensive underground development and stoping indicates a historic productive system is untested below the water table in that location. is also considered at this point to be a priority target because of the high volume of Cornish era mining in underground stopes illustrated in old mapping.

7) In the Penitas Mine on the Cinco Estrellas system, a three meter wide, high level, banded vein containing visible gold was only surficially exploited in historic times and is considered by Romarco exploration staff to be an excellent exploration opportunity at similar levels to targets at Arandas and San Luis along the same trend.

8) Other secondary targets for further development occur at the Santos Tomas Mine on the La Paz system, San Gil Mine on the La Paz system, General Mineon the Candelaria vein system, and the Hermillio vein system south of Candelaria.

Recent geochemical assaying of the underground samples has identified that historic excavation has been quite high in the hydrothermal system and that precious metals values should strengthen with depth into the center or bottom of the hydrothermal boiling system that created the gold mineralization.

Once the mapping and sampling of the Candelaria vein system has been completed and all drill targets have been identified Romarco will prepare its 2008 Pinos Project drill program. Permits will be obtained and drilling should commence late in the 1st Quarter or early 2nd Quarter of 2008.

Romarco is developing gold producer with the Haile 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
    Email Contact