Romarco announces new drilling results
TRADING SYMBOL: TSX: R
TORONTO, April 14 /PRNewswire-FirstCall/ - Romarco Minerals Inc. (TSXV: R) (the "Company") announces that it has received drill results from its assay lab indicating that drilling within the new Horseshoe Zone continues to encounter positive results and on-going exploration below the proposed Snake pit continues to extend the lower zone.
Horseshoe:
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RC-1646, RC-1745 and RC-1753 are follow-up holes to RC-1724 and RC-1732. RC-1724 is the hole which identified the Horseshoe zone. (see March 1 and February 18 press releases). RC-1646 encountered 1.5 meters of 929 g/t (grams per tonne) or 27.1 oz/t (ounces per ton) of gold in an intercept of 4.6 meters of 311.2 g/t gold. The intercept in RC-1646 was 107 meters (in plan view)or 233 meters (true distance) northeast of RC-1724 which contained 62.5 meters of 9.6 g/t gold. RC-1745 transected the Horseshoe zone 91 meters (in plan view) or 161 meters (true distance) east of RC-1724. RC-1745 contained 19.8 meters of 2.2 g/t gold. RC-1753 transected the mineralized zone 58 meters northeast (in plan view) or 73 meters (true distance) of RC-1724. Multiple zones of mineralization were encountered in RC-1753 and the highlight was 16.8 meters of 3.1 g/t gold. The mineralization in Horseshoe remains open in all directions. The Company is currently drilling a program of core holes in the Horseshoe area to determine the extent and orientation of this zone.
Snake:
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RC-1740 and RC-1743 were designed to target the mineralization located beneath the planned Snake pit (see the April 6, 2010 press release). RC-1740 encountered the target zone 42.7 meters west of RC-1571. RC-1740 contained a 4.6 meter interval of 15.2 g/t gold. RC-1743 tested the mineralized zone 24.4 meters west of RC-1740. The highlight of RC-1743 was 9.1 meters of 3.4 g/t gold. The drilling results are summarized in the table below.
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Interval From To Gold
Hole (meters) (meters) (meters) (g/t)
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RC-1646
(Horseshoe)
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Interval 4.6 147.8 152.4 311.2
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Including 1.5 147.8 149.3 929.2
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RC-1745
(Horseshoe)
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Interval 19.8 225.6 245.4 2.2
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RC-1753
(Horseshoe)
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Interval 4.6 335.3 339.9 0.8
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Interval 16.8 350.5 367.3 3.1
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Interval 15.2 385.6 400.8 1.8
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RC-1740 (Snake)
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Interval 19.8 15.2 35.0 2.2
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Interval 4.6 138.7 143.3 1.9
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Interval 7.6 170.7 178.3 1.3
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Interval 4.6 184.4 189.0 15.2
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RC-1743 (Snake)
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Interval 7.6 16.8 24.4 5.4
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Interval 7.6 35.1 42.7 1.5
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Interval 3.0 157.0 160.0 1.8
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Interval 9.1 173.7 182.9 3.4
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Interval 16.8 195.1 211.8 1.8
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The Company has a number of proposed tailings site locations. Four have identified significant gold mineralization as previously reported. The Company currently has three RC drill rigs performing condemnation drilling on the fifth site located to the southwest of the South Pit.
Currently five drill rigs are operating at the site. Drilling is being performed by Boart Longyear, Romarco's company owned drill, and Connors drilling. The drill samples are being assayed by Alaska Assay Labs in Fairbanks, AK. Blank samples as well as third party standards were submitted with all of the drill holes. The results of the control samples were within acceptable ranges within and adjacent to the mineralized zones. For a full discussion of the company's sampling, analysis, quality assurance quality control, and other technical disclosure please see the Company's NI 43-101 Technical Report dated December 3, 2009 and revised April 1, 2010 on SEDAR. Romarco's Qualified Person under NI-43-101 is Peter J. Butterfield, Sr. Geologist with Romarco.
About Romarco Minerals Inc.
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 in the process of a feasibility study and continued exploration drilling
Please note:
This entire press release may be accessed via fax, e-mail, Romarco's website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com
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"Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release"
SOURCE ROMARCO MINERALS INC.
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