TORONTO, Jan. 17, 2012 /CNW Telbec/ - ROMARCO MINERALS INC. (TSX: R) (the "Company") is pleased to provide results from drill programs
initiated on two of its five regional properties: Bayberry in South
Carolina and Hickory in North Carolina. Initial assay results from the
third regional drill program at Ironwood in North Carolina are pending.
Approximately 16,000 meters of exploration drilling was allocated to
regional targets in the second half of 2011 (approximately 9% of the
total 2011 drilling program). Ore grade mineralization was encountered
at both Bayberry and Hickory, and the results are summarized in the
Appendix.
Bayberry
The Bayberry project is located approximately four kilometers northwest
of the Company's Haile Gold Mine project. All 15 holes from the first
phase program have been completed, assayed, and summarized in the
Appendix. Similar to the Company's early exploration at Haile, Romarco
has encountered mineralization beyond and below the limits of
historical drilling and has drilled through the oxides and found gold
mineralization in the sulfides. The Bayberry target is located at the
historic Brassington Mine, which had small production at the turn of
the 20th century. In the 1980s, the project area saw limited drill testing by
Amselco Exploration and Westmont Mining. A total of 4,500 meters of
drilling were completed historically, predominately in shallow holes.
Much like the 1980s exploration at Haile, prior exploration was
predominately focused on oxide, heap leach material and the projects
were abandoned when drilling encountered sulfide material. The host
lithologies and alteration assemblages encountered at Bayberry are
nearly identical to those at Haile. A second phase drill program is
currently underway at Bayberry.
Hickory
The Hickory project is located at the historic Sawyer Mine in central
North Carolina. The Sawyer Mine was discovered in the early 1800s and
produced gold until the Civil War. Approximately 5,000 meters of
drilling has been completed at the site by prior exploration companies.
The historical drilling consists predominately of shallow holes
searching for a shallow oxide resource. The Company has received assay
results for five holes from its initial 16-hole program, which are
summarized in the Appendix. A second phase drill program has been
budgeted for Hickory.
Ironwood
The Ironwood target area, historically known as the New Sawyer Mine, is
located approximately five kilometers northeast of the Company's
Hickory project. Early exploration occurred on the property during the
1800s and until the 1930s. These workings consisted of trenches, pits
and a few shallow shafts (10 to 30 meters). Battle Mountain Gold
drilled six shallow RC holes and two shallow core holes. Six additional
shallow RC holes were drilled in 2009 in order to identify a shallow
oxide resource (pre- NI-43-101). Romarco initiated drilling at Ironwood
with a six-hole program. The Company intends to announce these results
when all assays from the phase one program have been received.
Sample Procedure
Drilling is being performed by Romarco's company-owned drills (4 core, 1
reverse circulation), Connors Drilling (3 core), and Boart Longyear (3
reverse circulation). Drill samples are prepared by either AHK Geochem
("AHK") at their facility in Spartanburg, SC, or at the Company's
wholly owned Kershaw Mineral Laboratories, Kershaw, SC. All reported
mineralization has been confirmed by assays completed in Fairbanks, AK
by AHK, an independent laboratory. Blank samples and third party
standards are inserted at random for submittal with all of the drill
samples. The results of the control samples are within acceptable
ranges. Periodic duplicate and check samples are analyzed by ALS
Chemex in Reno, NV. For a full discussion of the Company's sampling,
analysis, quality assurance, quality control, and other technical
disclosure, please see the Company's National Instrument ("NI") 43-101
Feasibility Technical Report dated February 10, 2011 on SEDAR.
Romarco's Qualified Person under NI 43-101 is James M. Berry, P.G.,
Chief Geologist at Haile. Mr. Berry has reviewed and approved this
news release.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company engaged in the
acquisition, exploration and development of precious metals mineral
properties. The Company has completed a positive Feasibility study and
is continuing exploration and permitting for its flagship project, the
Haile Gold Mine in South Carolina.
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
Appendix
Table of Regional Property Drill Holes
| Hole | Azimuth | Angle | Interval (meters) | From (meters) | To (meters) | Gold (g/t) |
| BAYBERRY |
|
|
|
|
|
|
| RC-2030 | 168 | -66 |
|
|
|
|
|
Interval
|
|
| 1.5 | 27.4 | 28.9 | 1.2 |
| RC-2033 | 162 | -50 |
|
|
|
|
|
Interval
|
|
| 3.0 | 13.7 | 16.7 | 0.6 |
|
Interval
|
|
| 3.0 | 94.5 | 97.5 | 1.8 |
|
Interval
|
|
| 3.0 | 108.2 | 111.2 | 1.0 |
|
Interval
|
|
| 3.0 | 120.4 | 123.4 | 0.8 |
|
Interval
|
|
| 13.7 | 164.6 | 178.3 | 2.3 |
| Including |
|
| 4.6 | 169.1 | 173.7 | 5.5 |
|
Interval
|
|
| 3.0 | 189.0 | 192.0 | 0.8 |
| RC-2035 | 154 | -45 |
|
|
|
|
|
Interval
|
|
| 3.0 | 231.6 | 234.6 | 1.1 |
|
Interval
|
|
| 6.1 | 249.9 | 256.0 | 1.3 |
| RC-2038 | 156 | -56 |
|
|
|
|
|
Interval
|
|
| 3.0 | 0.0 | 3.0 | 0.5 |
|
Interval
|
|
| 4.6 | 38.1 | 42.7 | 0.5 |
| RC-2040 | 170 | -52 |
|
|
|
|
|
Interval
|
|
| 7.6 | 6.1 | 13.7 | 0.8 |
| RC-2041 | 170 | -52 |
|
|
|
|
|
Interval
|
|
| 4.6 | 15.2 | 19.8 | 0.7 |
| RC-2042 | 176 | -50 |
|
|
|
|
|
Interval
|
|
| 10.7 | 9.1 | 19.8 | 0.6 |
|
Interval
|
|
| 3.0 | 91.4 | 94.4 | 2.9 |
|
Interval
|
|
| 6.1 | 178.3 | 184.4 | 1.8 |
| RC-2045 | 156 | -60 |
|
|
|
|
|
Interval
|
|
| 1.5 | 114.3 | 115.8 | 1.4 |
| RC-2048 | 136 | -52 |
|
|
|
|
|
|
|
| No | Significant | Assays |
|
| RC-2053 | 152 | -58 |
|
|
|
|
|
Interval
|
|
| 1.5 | 9.1 | 10.6 | 1.6 |
|
Interval
|
|
| 3.0 | 19.8 | 22.8 | 0.7 |
| RC-2056 | 163 | -70 |
|
|
|
|
|
Interval
|
|
| 9.1 | 4.6 | 13.7 | 0.7 |
| RC-2061 | 156 | -70 |
|
|
|
|
|
Interval
|
|
| 1.5 | 53.3 | 54.8 | 2.8 |
| RC-2063 | 164 | -60 |
|
|
|
|
|
Interval
|
|
| 3.0 | 245.4 | 248.4 | 0.9 |
|
Interval
|
|
| 22.9 | 280.4 | 303.3 | 0.7 |
| RC-2068 | 154 | -54 |
|
|
|
|
|
Interval
|
|
| 3.0 | 179.8 | 182.8 | 0.5 |
|
Interval
|
|
| 3.0 | 269.7 | 272.7 | 1.7 |
| RC-2073 | 153 | -68 |
|
|
|
|
|
Interval
|
|
| 6.1 | 3.0 | 9.1 | 1.4 |
|
|
|
|
|
|
|
|
| HICKORY |
|
|
|
|
|
|
| HKDH-11-001 | 0 | -90 |
|
|
|
|
|
Interval
|
|
| 1.5 | 147.8 | 149.3 | 0.4 |
| HKDH-11-002 | 83 | -61 |
|
|
|
|
|
Interval
|
|
| 3.4 | 0.0 | 3.4 | 3.3 |
|
Interval
|
|
| 3.0 | 9.5 | 12.5 | 0.5 |
|
Interval
|
|
| 1.2 | 14.0 | 15.2 | 2.3 |
|
Interval
|
|
| 4.6 | 19.8 | 24.4 | 1.9 |
| HKDH-11-003 | 0 | -90 |
|
|
|
|
|
Interval
|
|
| 10.7 | 0.0 | 10.7 | 4.5 |
|
Interval
|
|
| 1.5 | 16.8 | 18.3 | 1.8 |
|
Interval
|
|
| 1.5 | 22.9 | 24.4 | 1.0 |
| HKDH-11-006 | 144 | -58 |
|
|
|
|
|
Interval
|
|
| 12.5 | 0.0 | 12.5 | 1.1 |
| HKDH-11-008 | 138 | -53 |
|
|
|
|
|
Interval
|
|
| 11.6 | 0.0 | 11.6 | 1.1 |
|
Interval
|
|
| 4.6 | 111.3 | 115.9 | 0.8 |
<p> <b>Romarco Minerals Inc. </b> </p> <table border="0" cellspacing="0"> <tr valign="top"> <td align="left"> Diane Garrett, President and CEO<br/> Phone: 210-621-4200<br/> E-mail: <a href="mailto:dgarrett@romarco.com">dgarrett@romarco.com</a> </td> <td align="left"> Dan Symons, Vice President, Investor Relations<br/> Phone: 416-367-5500<br/> E-mail: <a href="mailto:dsymons@romarco.com">dsymons@romarco.com</a> </td> </tr> </table> <p align="justify"> <b>Renmark Financial Communications Inc. </b><br/> Maurice Dagenais 514-939-3989 or via e-mail at <a href="mailto:mdagenais@renmarkfinancial.com">mdagenais@renmarkfinancial.com</a> </p> <p align="justify"> </p> <p> </p>