SOURCE: Romarco Minerals Inc.

March 04, 2008 08:00 ET

Romarco Terminates Red Canyon Option

SPARKS, NV--(Marketwire - March 4, 2008) - ROMARCO MINERALS INC. (TSX-V: R) (the "Company") announces that it has terminated its Option Agreement with Miranda Gold Corp. on the Red Canyon Gold Project in Nevada.

Romarco has satisfied its work commitment on the property and concluded that it does not meet the company's criteria. The original agreement called for a work expenditure of US$400,000 to be spent on the property in the first year. The parties amended that agreement on July 20, 2007 and replaced the $400,000 expenditure with a work commitment of 6,000 feet of exploration drilling. The total drilling expenditure for that program amounted to US$277,000.

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.

For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or by e-mail at dgarrett@romarco.com or Shirene Urton, Executive Assistant at (775) 355-1900 or by e-mail at surton@romarco.com.

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.

Contact Information

  • ROMARCO MINERALS INC.
    997 Greg Street
    Sparks, Nevada
    USA 89431
    Tel: (775) 355-1900
    Fax: (775) 355-1907
    Email Contact