Romarco Minerals Inc. has announced it has identified a newly designated zone ("Palomino") as a result of its ongoing drill program at its 100%-owned Haile Gold Mine project in South Carolina.
These and other results noted in the appendix continue to demonstrate the sustained growth and consistency of the Haile mineralized system. Highlights from Palomino include:
- RCT-129 encountered 70.1 meters of 5.5 g/t gold, including a 12.2-meter zone of 14.7 g/t gold
Drilling southeast of the currently proposed South Pit, yet within the proposed permit boundary, continues to identify robust mineralization in Palomino beginning 295 meters below surface. RCT-129 is mineralized within 46 meters southeast of RCT-125 (25.9 meters of 3.6 g/t gold and 22.9 meters of 2.8 g/t gold; released September 14, 2011) and 147 meters southwest of RCT-127 (57.9 meters of 2.0 g/t gold that included 6.1 meters of 10.1 g/t gold; released September 14, 2011).
As demonstrated by Palomino, the grade and continuity in the area southeast of South Pit is steadily increasing and may lead to an extension of the designed pits within this area. Palomino will need more drilling to determine whether it is an open pit or underground target. Drilling is ongoing throughout the property to continue defining the shape and extent of the Haile mineralized system.
Diane Garrett, President and CEO commented: "Our geology team continues to demonstrate their knowledge and geologic interpretation of the Haile mineralized system. Even with over 320,000 meters of drilling since acquiring the project, we continue to discover new zones and identify new targets on the property."