Romarco Minerals Inc.

Romarco Minerals Inc.

March 26, 2008 09:02 ET

Romarco Intercepts 27.5 Meter Zone of 2.2 g/t at Haile

Deeper Zone of 7.6 m at 4.3 g/t Discovered

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - ROMARCO MINERALS INC. (TSX VENTURE:R) (the "Company") is pleased to announce assay results from its third core drill hole (DDH-292) at the Haile Gold Mine, in South Carolina. The hole was collared 313 meters east of the initial hole, DDH-289. DDH-292 was drilled on a 60 degree angle to the southeast, so this extensive intercept represents true thickness.

The hole returned a composite 72 meter (235 feet) sequence grading 1.67 g/t gold. Gold mineralization of over 1.0 g/t was first intersected at 32 meters (105 feet) below surface. Within the gold mineralized interval, 2.2 g/t gold was returned over a 27.5 meter interval at the top of the silicified, pyritic, quartz-sericite phyllite host sequence. The composite sequence of typical Haile mineralization also included a deeper higher grade sequence of 7.6 meters of 4.3 g/t gold at 94.5 meters, which included a 1.5 meter interval of 16.1 g/t gold. This deeper intercept is below the main resource target but within open pit mining limits and indicates there is down dip potential to the known mineralization. Geologic interpretation is being conducted on this deeper high grade zone and will be added to an upcoming drill program to test for mineral potential below known resource areas and at depth on the property. See table below for details.

Interval From To Gold
Hole (meters) (meters) (meters) (g/t)
Composite Zone 71.6 32 103.6 1.67
Including 27.5 47.2 74.7 2.2
with 3 32 35 3.0
with 4.5 57.9 62.4 4.6

Lower Zone 7.6 94.5 102.1 4.3
with 1.5 94.5 96 16.1


Currently, two core drill rigs are working on site. The current program is designed to identify additional resources, convert historic resources into proven and probable reserves, and provide representative samples for metallurgical testwork as it relates to the bankable feasibility study.

Drilling services are being performed by the Eastern U.S. division of Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Romarco's Qualified Person is Tom Kilbey, Sr. Geologist with the Company.

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 three gold exploration projects in Nevada.


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
    Romarco Minerals Inc.
    Shirene Urton
    Executive Assistant
    (775) 355-1900
    (775) 355-1907 (FAX)