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Romarco Minerals Announces Update of Drilling Results from Haile Project

Romarco Minerals reports an update of the current drill program assays from its Haile gold mine project located in southern Carolina. The Q4 results of 2011 are showing the continuity and constant growth of the Haile’s mineralized system.

The company encountered 43.1 g/t gold over 21.3 m in hole RCT-83 at Snake, including 8.7 g/t gold over 10.6 m at depth during previous drilling. It drilled a geotechnical and infill drill hole RCT-123 at Horseshoe, which returned 35.2 g/t gold over 14.9 m and 11.4 g/t gold over 62.3 m, and intersected 8.4 g/t gold over 41.1 m in DDH-418, and 4.0 g/t gold over 9.1 m in hole RCT-144.

Romarco intersected 6.8 g/t gold over 57.9 m and 1.3 g/t gold over 62.5 m in hole DDH-404 at Mustang, 3.4 g/t gold over 84.7 m in hole RCT-139 and 3.9 g/t gold over 22.9 m in hole RCT-143 at Palomino.

Horseshoe, Mustang, Ledbetter and Horseshoe zones are included in the current drill program at Haile project. The objectives of this program are to drill single holes as in-fill holes to around 200 m from surface and to change to deep step-out holes.

Romarco has encountered 4.9 g/t gold over 21.3 m in RC-2058 that is about 400 m towards the Mustang’s northwest part. The Champion’s latest drilling results have shown the proximity of shallow mineralization towards the previous pit. The company intersected 0.9 g/t gold over 18.3 m in DDH-419, 2.1 g/t gold over 9.1 m in DDH-425, and 2.0 g/t gold over 15.2 m in DDH-408. It has been planned to drill further holes in order to verify these intercepts’ continuity.

Source: http://www.romarco.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, content production, design, animation, database and networking, software, and editing. Joel has been with AZoNetwork since its inception in 2000.

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