Romarco Minerals Inc.

Romarco Minerals Inc.

October 31, 2005 11:11 ET

Romarco Preliminary Results From Drilling at Buckskin-National Gold/Silver Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) - ROMARCO MINERALS INC. (TSX VENTURE:R) (the "Company") is pleased to announce that the 2005 core drilling program at Buckskin-National has discovered a wide zone of significant gold mineralization consisting of 55ft (16.8m) averaging 0.042 oz/ton (1.44 g/t) gold, and a 5ft zone of significant grade silver mineralization that assayed 16.1 oz/ton (552 g/t). The wide zone of gold mineralization occurs 1400ft (427 m) west of the surface outcrop of the Bell Vein, and is the most significant gold ever found at Buckskin-National except for along the Bell Vein. Additionally, the drilling has revealed the presence of multiple vein systems that need to be drill tested at greater depth, new targets that were previously unknown and broad zones of strongly enriched associated elements. The drilling program consisted of 7416ft (2260m) in five holes that began testing the numerous vein and breccia targets evident on the property. Romarco contracted Connors Drilling LLC to perform the drilling, and the program was supervised by Dr. Tommy Thompson, Romarco's Project Geologist and Qualified Person for Buckskin-National. ALS Chemex performed all of the analytical work for the program.

Analytical results are pending for drill hole BN-22, the final hole of the program, and for select 5ft samples that are being assayed for silver. Otherwise, significant gold and silver intercepts encountered include:

Hole From To Interval Gold Silver
Number (feet) (feet) (feet) Oz/ton Oz/ton
BN-18 155 160 5 0.027 (1)
1147 1153 6 0.041 0.085
1415 1420 5 0.027 16.13
BN-19 559 564 5 0.066 0.09
589 644 55 0.042 0.057
Incl. 589 609 20 0.052 0.043
Incl. 639 644 5 0.079 0.047
BN-20 0.0065 oz/ton (221 ppb) high value for 20ft composite (2)
BN-21 0.0027oz/ton (92 ppb) high value for 20ft composite
BN-22 Pending
(1) not assayed
(2) silver found in 965-970 interval, check assays pending

Drill hole BN-18 was collared on the eastern slope of Buckskin Mountain and was drilled to intersect the Bell Vein down dip of the historical workings. It is interpreted that the interval 1147 to 1153 contains the down-dip projection of the Bell Vein. Epithermal vein systems are known to be irregularly mineralized both along strike and down dip, thus, additional drilling across the Bell Vein is necessary to fully test the structure. The high silver in the interval 1415 to 1420 may be the down-dip projection of the Lawry or Neversweat Veins which are in the footwall of the Bell Vein; no other testing of these veins has been reported in other exploration projects although they have been cross cut by mine workings.

Drill hole BN-19 was collared from the same site as BN-18 by simply rotating the drill to an azimuth of 293 degrees towards the underground workings of the Paradise Mine (the mercury mine on top of Buckskin Mountain). The target was hypothesized as N-S and NE-SW trending structures under the upper eastern slope of the mountain based upon geologic mapping and soil geochemical data. The significant gold mineralization encountered in the hole (see chart above) is associated with strong enrichments in antimony, including locally abundant stibnite (antimony sulfide). Romarco's exploration concept, which is based on relationships along the Bell Vein and at other epithermal systems elsewhere, is that bonanza grade gold mineralization will occur at depth below the antimony-enriched level.

Drill hole BN-20 was drilled from the same setup as BN-19 by simply increasing the angle of the hole to -60 degrees with the intention of drilling under the mineralized zone in BN-19 by 200 to 300ft. Analytical results indicate that BN-20 apparently did not intersect the same mineralized structure that hosts the mineralization in BN-19; thus, additional data compilation and interpretation are necessary to determine the geometry of the BN-19 mineralization. A widely dispersed stibnite interval (409.5-593.7ft) indicates the hole was further off-trend of the vein in BN-19.

Drill hole BN-21 was collared at a -60 degree angle from a site located just west of the peak of Buckskin Mountain, and was designed to test the target located below the upper part of BN-16 that is characterized by very strong antimony, wide clay altered fault zones, anomalous gold in the clay alteration, and breccia. Similar alteration and mineralization as encountered in BN-16 was encountered in the target area, and it is interpreted that the hole penetrated the target area too high in the system. The same target zone will be drilled during 2006 from a road located below and west of BN-16.

Drill hole BN-22 was collared at an angle of -50 degrees from a site northeast of the mercury mines and drilled to the southwest under the mines. Geological logging and down-hole geochemistry are both nearing completion.

Buckskin-National is a rhyolite dome-hosted gold-silver exploration project situated within the National Mining District, Humboldt County, Nevada. Romarco controls a 100% operating interest in the 103 unpatented lode mining claims that comprise the project area, subject to the terms of agreements with three private parties. Romarco's Qualified Person on the Buckskin-National Project is Dr. Tommy Thompson, Chief Geologist for Romarco Minerals Inc.


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

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