Romarco Minerals Inc.
TSX VENTURE : R

Romarco Minerals Inc.

April 30, 2008 08:30 ET

Romarco Appoints Roberts & Schaefer to Feasibility Team

SPARKS, NEVADA--(Marketwire - April 30, 2008) - ROMARCO MINERALS INC. (TSX VENTURE:R) (the "Company") is pleased to announce that it has appointed Roberts & Schaefer Company of Salt Lake City, Utah to lead the bankable feasibility study at the Haile Gold Mine in South Carolina. Roberts & Schaefer has significant expertise in engineering, design, procurement, installation, construction management, commissioning and performance testing of projects of all sizes. They have carefully executed almost twenty million engineering hours and successfully implemented thousands of projects since their inception in 1903.

Roberts & Schaefer is widely known and recognized as an innovator of precious and base metals facilities, coal and minerals processing systems, fuel handling systems for power generating, coal preparation facilities, aggregate facilities, cement production plants, bulk material handling systems and truck/rail/ship/barge terminal systems. Additionally, Roberts & Schaefer Company has developed many new ideas which have since been adopted by the industry and regulatory agencies.

The Company has compiled a world-class engineering team to conclude the mine reserve estimation (Gustavson, Denver, CO) , facilities site locations and geotechnical studies (Vector Engineering, Denver, CO), pit wall stability/geotechnical (Golder Associates, Reno, NV), hydrology and site water balance (Water Management, Denver, CO), and environmental and permitting activities (Gochnour and Associates, Denver, CO). The bankable feasibility study along with an updated resource / reserve estimate is expected to be completed in the summer of 2008. Site construction is anticipated for 2009 with commissioning and start-up in early 2010.

The Company has been extremely pleased with its recently announced drill results and views the Haile Gold Mine as a very significant near-term producing gold asset with continued upside potential. The Company has two core rigs on site conducting drilling for the feasibility study metallurgical testwork and for exploration drilling. Roberts & Schaefer Company replaces Lyntek Inc. of Denver, Colorado.

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 undergoing exploration drilling, bankable feasibility study and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has two gold exploration projects in Nevada.

ON BEHALF OF ROMARCO MINERALS INC.

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.

Contact Information

  • Romarco Minerals Inc.
    Diane Garrett
    President and C.E.O.
    (830) 624-6249
    or
    Romarco Minerals Inc.
    Shirene Urton
    Executive Assistant
    (775) 355-1900
    (775) 355-1907 (FAX)
    Email: info@romarco.com
    Website: www.romarco.com