SOURCE: Romarco Minerals Inc.

November 14, 2007 08:30 ET

Romarco Awards Feasibility Contract for Haile

SPARKS, NV--(Marketwire - November 14, 2007) - ROMARCO MINERALS INC. (TSX-V: R) is pleased to announce that it has awarded the Engineering Contract for the Haile Gold Mine definitive feasibility study to Lyntek Inc. of Denver, Colorado. Lyntek is a recognized global leader in mineral processing, and specializes in gold processing. Lyntek has subcontracted with the reputable firms of Gustavson Associates, Inc. and Vector Engineering, Inc. to conduct the feasibility study for the Haile Project. Confirmation drilling is expected to begin this month to move the current resources into the proven and probable category.

Additionally, Romarco has SEDAR filed a revised NI 43-101 report by Behre Dolbear & Company on the Haile Gold Mine. The revised report reflects a reduction in capital costs and includes geologic upside potential within the existing orebodies on the property. Based on Behre Dolbear's report, the current mine plan shows a six year mine life with an average production schedule of 100,000 ounces after start-up at cash costs of $350 per ounce.

Romarco is a 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

  • For further information, please contact:

    Diane Garrett
    President and C.E.O.

    Shirene Urton
    (775) 355-1900

    997 Greg Street
    Sparks, NV
    USA 89431
    Tel: (775) 355-1900
    Fax: (775) 355-1907
    Email Contact