SOURCE: Romarco

March 02, 2005 08:00 ET

Romarco and NDT Announce Exciting Peruvian Gold Project

VANCOUVER, BC -- (MARKET WIRE) -- March 2, 2005 -- ROMARCO MINERALS INC. (TSX-V: R) (the "Company") and NDT Ventures Ltd. are pleased to announce the acquisition of the Cori Puncho Project in southern Peru. Romarco and NDT Ventures have a 50/50 Joint Venture on the Cori Puncho Project. The Companies' claims cover the majority of a 5 kilometre long structural zone, which shows significant potential to host large bulk minable and underground gold deposits. The joint venture's initial work has been concentrated at CP Hill on the southern portion of the zone where outcropping volcanic hosted gold mineralization has been defined over an area measuring 300 by 100 metres. This mineralization remains open on strike under cover in both directions, down dip to the east and to the west under cover. A 30 metre wide footwall zone called the Main Shear is consistently well mineralized with significantly anomalous gold values extending upwards of 100 metres into the hanging wall. The broad hanging wall zone, combined with the clear potential of the Main Shear, provides an excellent exploration target with significant economic potential. This highly permissive area is open in three directions and down dip, and has never been drilled.

Mineralization on CP Hill outcrops along a prominent, northerly oriented, volcanic ridge as a series of shears that parallel flow textures in steeply east-dipping andesites. Mineralization is exposed in outcrop and prospect pits over a distance of 300 metres along strike and a width of up to 100 meters, with a 30 meter zone in the foot-wall (west side) being the most consistently mineralized. This footwall shear zone (Main Shear) is strongly brecciated, clay altered and locally cut by seams and stockworks of hematite with quartz micro veining. The Main Shear mineralization generally does not outcrop. It is best exposed where worked on a small scale by local miners where sampling by the joint venture has returned gold values up to 20 g/t over 2 metres. One 20 meter trench sample taken by the joint venture across the Main Shear assayed 1.59 g/t gold. Channel samples taken across this same structural zone by a major gold company reported 22 meters of 2.6 g/t gold in one trench and 30 meters at 0.857 g/t gold in a parallel trench 50 meters to the north. The western limit of the Main Shear, as well as the strike length of the zone, has not been established due to talus cover. The intensity of mineralization in the hanging wall (going east) appears to decrease outward from the Main Shear but gold values (three meter wide samples) in hand-dug trenches are consistently between 100 and 500 ppb (up to 1 g/t) and limited outcrop sampling report gold as high as 3.7 g/t where stockworks and breccias host potentially important mineralization.

The structure exposed on CP Hill disappears under cover to the north and emerges across a small valley approximately one kilometer distant in an area called CP North. The CP North structure is on strike with the CP Hill structure and is expressed as volcanic hosted veins and stockworks of massive pyrite with irregular quartz veining. Limited sampling in the area by the joint venture noted gold values ranging from 40 ppb to 900 ppb with the majority between 200 and 400 ppb. Two outcrop samples located a short distance west of the structure assayed 1.06 and 1.70 g/t gold. The CP North area and the covered ground between it and CP Hill to the south are priority targets with significant potential.

CP Hill, CP North and the covered area between the occurrences represent only the southern two kilometers of an overall five kilometer long permissive structural zone. CP North lies on the southern end of a mining concession that the joint venture recently acquired from Southwestern Resources Corp. This claim, called Quello 7, is centered over the Cori Puncho structure and covers its next two kilometers of strike to the north. On its northern end, Quello 7 laps onto a large high-sulfidation alteration zone characterized by locally intense acid leaching of volcanic rocks, massive magnetite outcrops, large hydrothermal breccias and extensive stockworks and veins of specular hematite. This alteration style projects beyond the Quello 7 claim onto ground also held by the joint venture and covers several square kilometers. This portion of the property is being reviewed as the upper levels of a large porphyry system that could be the source of important metal concentration. In this northern area limited sampling by the joint venture noted up to 137 g/t silver and 0.25 percent copper. Further work is required here to better evaluate potential target areas.

The project is situated in southern Peru within 15 kilometers of a paved highway and an approximate one hour drive from the large community of Juliaca. Dirt roads provide access to the southern and central portions of the property where elevations range from 4,000 to 4,300 meters. The joint venture, details of which were announced November 17, 2004 (see joint news release) is operated by NDT through Camino Ventures S.A.C., its Lima based subsidiary. The majority of the claims are 100% owned by the joint venture, with the exception of the Southwestern Resources option. The Project is under the supervision of Mr. Thomas H. Burkhart, Vice President, Exploration for NDT, who is a Qualified Person as defined by NI 43-101.

The Company and NDT plan an aggressive exploration program along the 5 kilometer length of this newly acquired and exciting gold project.


"Diane R. Garrett"

Diane R. Garrett,
President and C.E.O.

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