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The Scoping Meeting for the Haile Gold Mine Project was held
•Date: Thursday October 27, 2011
•Time: 5:00 pm EDT
•Location: Andrew Jackson Recreation Center, 6354 N Matson St, Kershaw, SC 29067
(Info from www.hailgoldmineeis.com)
a local posted
"I just left the meeting it was great."
Here is Romarco's statement on the meeting:
http://finance.yahoo.com/news/Romarco-an...
I'm pasting it here, because it was not picked up by Yahoo for this RTRAF site. It was picked up over at the Yahoo R.TO site, but there's no discussion board there.
The Romarco statement seems borderline ecstatic, despite supposedly being careful about pumping.
Written comments are taken thru Nov 28, so opposition might surface there. Opposing the mine at that local verbal hearing might have been hazardous to one's health, given people looking for an economic boost. However, for now, looking good for approval, on a favorable schedule.
There's Gold in Them Thar Hills!
LiFt OfF!
South Carolina mine sparks mini-gold rush to the Southeast
By Harriet McLeod
CHARLESTON, South Carolina (Reuters) - A Canadian mining company and a tiny South Carolina town are leading what could be a modern gold rush to the southeastern United States.
Romarco Minerals Inc. reopened the historic Haile Gold Mine near Kershaw, S.C., this year and expects to pour its first gold bar there in early 2014, Chief Executive Diane Garrett told Reuters this week.
Once environmental impact studies and permits are complete, Haile will be the only modern gold mine east of the Mississippi River, Garrett said, and the first since the Kennecott Minerals mine closed in Ridgeway, S.C., in 1999.
Based on the proven gold reserves found in samples, the Toronto company estimates it has 3.1 million ounces of gold at Haile. The mine will produce an average of 150,000 ounces of gold a year for five years, according to its website.
"It sits on one of the most significant trends of gold in the United States," Garrett said. "A lot of people had forgotten just how significant the gold production was in this area."
Romarco's success at finding the gold left at Haile has sparked renewed industry interest in the southeastern United States.
The gold is embedded in microscopic flecks in volcanic rock along what geologists call the Carolina Slate Belt, which winds from northern Georgia through the Carolinas and into Virginia.
Vancouver's Revolution Resources Corp. said in early October that it had begun drilling at several historic North Carolina gold mine sites along the Slate Belt.
Strongbow Exploration Inc., also of Vancouver, said this summer that it had bought mine properties in South Carolina and had begun drilling at North Carolina's historic Parker Gold Mine.
Erin Ventures Inc., another Canadian company, also is prospecting for gold in North Carolina, according to its website.
The "unprecedented climb into the stratosphere" for gold prices has spurred the eastern development, said Michael George, gold commodities specialist at the U.S. Geological Survey in Reston, Va.
"We may have three or four mines started up in the next 10 to 15 years" in the southeastern United States, he said on Friday.
Gold prices this week posted their biggest gain in six weeks, buoyed by optimism about European plans to contain the region's debt crisis. U.S. gold futures for December delivery were up $14.50 at $1,683 an ounce.
LONG TRADITION
Gold was first discovered in the United States in 1799 when a 12-year-old boy found a large nugget in a North Carolina creek. The story goes that his family used the nugget as a doorstop until a jeweler bought it for $3.50, said Kenneth Taylor, North Carolina's chief geologist.
"There are hundreds of old gold mines all over North Carolina," Taylor said. "When the gold rush in California came in (in the 1840s), the experienced miners were here in North Carolina, so they went west."
Gold was first found on the Haile property in South Carolina in 1827. Mining continued off and on into the 1990s.
Romarco owns about 10,000 acres that include the 4,200-acre mine site. The company has spent about $350 million on site preparation and hiring and, by the time it produces gold, will have spent about $650 million, said Garrett, the chief executive.
"Mining is a capital-intense industry," said Garrett, whose company also owns two gold exploration sites in North Carolina. "When you look out West, this mine is quite small. Out there you've got mines that go for 20 miles and go thousands of feet deep."
The microscopic gold at Haile will be extracted by crushing tons of rock into dust and using a cyanide solution to separate the gold.
The Army Corps of Engineers requires an environmental impact study from Romarco on how it will replace 160 acres of wetlands it plans to destroy.
Environmentalists also are concerned about an endangered freshwater mussel, the Carolina heelsplitter, found in creeks near the site.
Garrett said the company, which expects to be at Haile for at least 13 years and likely 20, would propose land restoration and creating wetlands to replace those destroyed.
The environmental impact study will take about a year and has set back groundbreaking and hiring, she said. The mine has 106 employees, she said, and Romarco expects to hire up to 800 mostly local workers.
Kershaw Mayor Wayne Rhodes said the company would have a huge impact on his economically depressed town of about 1,800 people, and he is concerned about the delay in hiring.
"People here are begging for jobs," Rhodes said
I didn't know about this stock until I read that article yesterday ... most definitely intriguing
a story on Drudge report will place many eyes on this one....http://www.reuters.com/article/2011/10/15/us-southcarolina-gold-idUSTRE79E1FU20111015
I believe it was in a pr or on their site give me a couple of days and I will find it hopefully.
Everything hindges on permit. I can't believe this company would fail, but with gov, you never know. The community, county, state all support the mine to start asap. Where is the info on new technology?? tia
What is really interesting is they have a new technology that can go into old mines and pull out more gold. Meaning some mines with the ore that once wasn't cost effective enough to dig up is now profitable to dig up. Should be an interesting one to say the least. Also should supply more jobs to the Carolina's I would think..
they have bought other properties according to news... and preliminary tests are underway with good results. The Carolina Slate Belt is loaded with gold , around 7.5 grams / ton on average in the high grade areas.....
I still have not got any more word on the mines in South Carolina. I thought they were going to buy more property...
after a low volume walk down for market makers to load, good news just keeps on coming. This will bolt up on news of permit, soon, imho...
Awesome! I love gold
bot more just now the market makers gave me 1.31 when ask was 1.33
ahhh thanks.:) Still watching this one.
locals are behind this now it appears
RTRAF.PK is the symbol in U.S.
http://www.romarco.com/About-Us/Overview/default.aspx
also a lot of good info on the yahoo board. This is looking like a good one to accumlate. I live in SC as well.
Here is the company NR the day of the halt...
Romarco awaits Haile decision from U.S. Army Corps
2011-04-01 14:30 ET - News Release
An anonymous director reports
ROMARCO UPDATES HAILE GOLD MINE PROJECT PERMITTING STATUS
The period for submission by all interested parties of comments on Romarco Minerals Inc.'s applications for two of the permits required for operation at the Haile gold mine project, in Lancaster county, S.C., has closed.
In the fourth quarter of 2010, the company submitted applications for two permits required for commencement of operations: the state mine operating permit and federal 404 wetlands permit. The regulating agencies responsible for issuing these permits are the South Carolina Department of Health and Environmental Control (DHEC) and the U.S. Army Corps of Engineers (USACE), respectively.
As part of the mine permitting process, agencies and the public are requested to review the permit applications and provide their comments to the regulating agency. The comment period for the mine operating permit concluded in February, 2011, with few comments received; the comment period for the 404 permit concluded on March 30, 2011. The company received copies of the comment letters from the USACE on March 31, 2011, and as expected, the comments reflected a spectrum of views on the project including strong support, questions regarding impacts and requests for additional information. The EPA, acting as a commenting agency on this matter, recommended that the USACE request additional information and clarification before a permit be issued. While other agencies may act as commenting agencies, the USACE is the regulatory agency that will issue the federal permit, and no determination has been made by the USACE regarding an EIS.
The company has established good rapport and communication with all agencies, and will continue to work pro-actively with the USACE and DHEC to address the relevant comments. The company is committed to working with the USACE, DHEC and commenting agencies to demonstrate that its plans will fulfill the requirements of the applicable environmental regulations.
Romarco emphasises no decisions made on permits
By: Liezel Hill
1st April 2011
TEXT SIZE TORONTO (miningweekly.com) – TSX-listed Romarco Minerals said on Friday that no decisions have been made on key permits for its Haile gold project by the government agencies that will actually determine whether the permits are issued.
Shares in the company fell sharply on Friday morning, after a South Carolina newspaper reported that the US Environmental Protection Agency has recommended against awarding a wetlands permit.
Romarco could be asked to conduct an environmental-impact statement (EIS) in order to receive the permit, the report said.
The company said later in a statement that it needs two permits to start operations at the mine – a state mine operating permit, to be decided by the South Carolina Department of Health and Environmental Control, and the federal wetlands permit, which falls under the US Army Corps of Engineers (USACE).
The public comment period for both permits has now closed, and the company received copies of the comment letters on March 31.
“The EPA, acting as a commenting agency on this matter, recommended that the USACE request additional information and clarification before a permit be issued,” Romarco said.
“While other agencies may act as commenting agencies, the USACE is the regulatory agency that will issue the federal permit, and no determination has been made by the USACE regarding an EIS.”
Romarco shares were down 17% at C$1,84 apiece by 10:19 in Toronto. The stock traded as low as C$1,80 earlier in the morning.
Company spokesperson Dan Symonds did not respond to requests for comment.
The Haile project is expected to cost $275-million, according to a feasibility study published this year.
Production will average 150 000 oz/y in the first five years, at average cash costs during the same period of $347/oz.
Romarco Drops After Report EPA Opposes Mine Plan
By Simon Casey - Apr 1, 2011 3:51 PM ET inShare4More
Business Exchange Buzz up! Digg Print Email (Corrects name of newspaper in first, second paragraphs.)
Romarco Minerals Inc. (R) dropped the most in more than two years in Toronto trading after The State reported that the Environmental Protection Agency opposed the company’s plan for the Haile gold mine in South Carolina.
The EPA urged regulators to deny a permit to excavate wetlands, The State reported, citing a letter from the agency. The EPA may reconsider the mine plan if further studies are undertaken, the newspaper said.
Romarco fell 38 cents to C$1.84 as of 9:58 a.m. on the Toronto Stock Exchange. The shares earlier declined 19 percent to C$1.80, the biggest intraday slide since January 2009.
Dan Symons, a spokesman for Romarco at its Toronto headquarters, wasn’t immediately available for comment
Romarco drills 17.3 g/t Au over 31.8 m at Haile
2011-03-09 09:14 ET - News Release
Ms. Diane Garrett reports
ROMARCO ENCOUNTERS 31.8 METERS OF 17.3 G/T AT WEST LEDBETTER AND PROVIDES LAND UPDATE
Romarco Minerals Inc. has released drill results from its continuing 2011 exploration program at its 100-per-cent-owned Haile gold mine project in South Carolina. The results demonstrate the continued growth and continuity of the mineralized system at Haile, which remains unconstrained in all directions and at depth.
Drilling between South Pit and Ledbetter continues to identify mineralization between the two proposed pits. RCT-49 returned 31.8 metres of 17.3 grams per tonne gold, including a high-grade intercept of 7.6 metres of 66.9 g/t gold. There are several additional intervals of mineralization within RCT-49, which are noted in the table. DDH-384 was drilled to the northeast encountering mineralization within 33 metres of DDH-351 (released in Stockwatch Oct. 28, 2010 -- 51.2 metres of 4.1 g/t) and extending to within 65 metres of RCT-33 and RC-1771 (released in Stockwatch July 21, 2010 -- 54.9 metres of 2.6 g/t). DDH-384 encountered multiple zones of mineralization including 99.6 metres of 1.5 g/t gold and 69.8 metres of 4.5 g/t gold. Drilling in this area between South pit and Ledbetter continues to define significant mineralization beyond the current reserve pit boundaries and is demonstrating further continuity between these zones. Additional drilling is planned to continue defining the shape and extent of this mineralization.
In the western portion of South pit, DDH-350 encountered 39.2 metres of 2.6 g/t gold, including a higher grade intercept of 17.7 metres of 4.3 g/t gold. This drill hole is located within the higher grade area of South pit named Mill zone. Plan view maps are available on the home page of the company's website.
Land update
Romarco is also pleased to provide an update on its land position. The company currently owns approximately 9,000 acres of private, fee simple land and controls approximately 460 acres of leased mineral claims.
Romarco's property position includes all of the land necessary for the proposed mine plan detailed in its most recent feasibility study (filed Feb. 22, 2011, on SEDAR). The reserve pits in that study encompass less than 10 per cent of the current Haile land position. More than 5,200 acres are contiguous land parcels. The current Haile land package extends between one and twokilometres beyond the currently planned reserve pits, along the mineralized trend. These areas cover highly prospective ground for exploration adjacent to the main Haile deposit and are the focus of Romarco's 2011 exploration drill program.
Drilling is being performed by Romarco's company-owned drills, by Connors Drilling and by Boart Longyear. The drill samples are prepared and assayed by Alfred H. Knight Group (formerly named Alaska Assay Laboratory). Samples are prepared at its facility in Spartanburg, S.C., and assaying is completed in Fairbanks, Alaska. 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, Nev. 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 feasibility technical report dated Feb. 10, 2011, on SEDAR. Romarco's qualified person under NI 43-101 is Peter J. Butterfield, senior geologist at Haile.
yes it is interesting.
Its an interesting area, there are several Canadian listed companies making deals down there.
I live in South Carolina and just found this one....
Interesting company..
Lancaster Co. gold mine to add 800 jobs
By Jason Foster - jfoster@heraldonline.com
The Haile Gold Mine in rural Lancaster County is poised for a nearly $300 million expansion that will create 800 temporary and permanent jobs over the next two years, company officials said Thursday.
The mine, located about three miles north of Kershaw, hasn't been active since the early 1990s. But Canada-based Romarco Minerals bought it in 2007, confident that advancements in technology could help turn the mine into a gold producer again.
The company has confirmed that the mine and surrounding land contain at least 4 million ounces of gold, making it one of the more significant gold discoveries in the United States in the past decade, Romarco President and CEO Diane Garrett said.
Romarco expects the mine to produce at least 140,000 ounces per year for at least 12 years starting in 2012.
The expansion will create 500 jobs during construction and another 300 permanent jobs once the mine is fully operational, Garrett said.
"This will be the most significant employer since Springs shut down," she said. "We expect to be in this area for decades."
A feasibility study is ongoing and final permitting is still pending, but both are expected to be formalities.
Pending those outcomes, Garrett said, the 14-month construction process is expected to start by the end of the year.
Lancaster County gave Romarco a fee-in-lieu-tax agreement for the Haile project. County officials are hopeful of the possibilities, given the county's 17.1 percent jobless rate.
"It will be a big shot in the arm," said Keith Tunnel, Lancaster County's economic development director.
The hope is that the Haile operation will attract a variety of new businesses, not just companies to help the mine, Tunnel said. A new industrial park planned nearby will make an ideal landing spot for spin-off businesses, he said.
"If there are companies that want to service them and want to be nearby," Tunnel said, "we've got a home for them now."
Word of the planned 800 jobs has spread quickly through the county, and the Lancaster Workforce Center already has had a flood of inquiries, director Glenda Parkman said. The employment office has an exclusive hiring agreement with the company and is compiling a list of people interested in working there, Parkman said.
Some hiring has started already, but the bulk won't start until late this year or early in 2011, Parkman said.
"We've had thousands of responses. ... It's very exciting," she said. "It's going to offer a lot of opportunities for local people."
'A significant area'
Gold was first discovered at the Haile site in 1827 and was mined off and on for the rest of that century and into the early 1900s. The mine operated again from 1936 to 1942. But modern mining didn't begin there until the mid-1980s, when Haile became the first commercial-scale gold mine in South Carolina. The mine ceased gold operations in the early 1990s under then-owner Piedmont Mining Co.
Significant gold discovery in the United States has slowed since the 1980s. Romarco learned of the Haile site when it was mining in Nevada, Garrett said. Those mines weren't reaching the potential company officials had hoped, and Romarco's geologist recommended they investigate Haile because significant gold had been found there before and there likely was lots more yet undiscovered.
Romarco bought the land from Piedmont for around $3.5 million in cash and stocks and now owns around 4,000 acres in the area, with hopes of buying more.
The history of the region and improvements in mining technology have convinced Romarco officials they will find success in Lancaster County. The new technology allows gold to be extracted from dirt and rock, a technique that didn't exist until 1998. Also, Romarco can dig more than 1,200 feet underground. Previous drilling at the site was limited to around 300 feet.
"We're finding gold all the way down," Garrett said. "We know we're in quite a significant area."
The company expects to produce more than $120 million in gold each year once the mine is fully operational, Garrett said. The selling price of gold Thursday was around $1,169 per ounce.
Romarco already has 57 workers on site, plus 50 contractors. Most are local. The company plans to hire locally for the new jobs, too, starting with the construction phase. The permanent jobs will include truck driving, lab, drilling and engineering positions. And for every one job created by Romarco, another four or five will spring up in the community by attracting new stores, warehousing, laundry and other services, Garrett said.
The company already buys its fuel and other supplies from local vendors and will continue to do so, she said. The company believes in supporting its communities, Garrett said.
"We could save a few bucks by going to Costco, but we don't," Garrett said. "We can generate a lot of money, a lot of jobs for the community. We need to generate good will where we are."
Jason Foster 803-329-4066
Read more: http://www.heraldonline.com/2010/04/30/2131617/lancaster-co-mine-to-add-800-jobs.html#ixzz19nPkFNzZ
Sorry, I've been away from Romarco for so long that I don't have any up to date opinions or information.
Don't know anything about Medoro Resources, as well.
sumi
Romarcoencounters 88.4 meters of 5.1 g/t gold adds sixth rig at Haile 09 Jun 2010 09:16 ET
TRADING SYMBOL: TSX: R
TORONTO, June 9 /CNW Telbec/ - ROMARCO MINERALS INC. (TSXV: R) (the
"Company") is pleased to announce additional assay results from drilling at
the Haile Gold Mine, in South Carolina. The results are from continued
drilling of the newly discovered Horseshoe zone and from step-out drilling
west of Ledbetter. RCT-008 and RC-1756 continue to expand the mineralization
at the world class Haile deposit.
RCT-008 encountered 88.4 meters of 5.1 g/t Au (290 feet of 0..150 opt)
from 393.2 meters (1290 feet) to 481.6 meters (1580 feet) down the hole
including a 28.7 meter interval of 12.1 g/t gold. RCT-008 entered the
mineralized zone 67 meters (220 feet) south of RC-1724 (91.4 meters of 7.0 g/t
Au). at 335 meters (1100 feet) below surface, While previous drilling defining
the Horseshoe zone was directed to the southeast, RCT-008 was drilled at an
angle to the northwest in order to better determine the geometry of the
mineralization. The extent of the mineralization encountered indicates a
minimum ore thickness of 73 meters (240 feet) adjacent to RCT-008. Additional
drilling is being conducted to further determine the mineralized extent along
strike and dip in Horseshoe. Horseshoe remains open in all directions and at
depth.
RC-1756 encountered mineralization 84 meters (275 feet) west of the
Ledbetter deposit. RC-1756 intersected 32 meters of 2.6 g/t Au (105 feet of
0.076 opt). The main mineralized zone in RC-1756 is located 265 meters (870
feet) below the surface with lower grade zones beginning at 125 meters (410
feet) below the surface. Additional drilling is underway to determine the
continuity and extent of the mineralization. The results of these holes are
given in the table below.
Romarco has added another core rig, increasing the current drilling group
to six rigs at Haile. Currently all six rigs are performing exploration
drilling as the geology team prepares the condemnation drilling program for
the new proposed tailings site situated to the north of the mineralized trend.
Identifying and testing the location for tailings remains the critical path
item for completion of the Feasibility Study. As the Company performs and then
analyzes condemnation drilling results the engineering contractors are
continuing their work with the in house technical team reviewing trade-off
studies on through put rates, metallurgical optimization studies, underground
study for Horseshoe, Ledbetter and Snake, and updating resource and reserve
estimations to include recent drilling assays.
<<
-------------------------------------------------------------------------
Hole Interval From To Gold
(meters) (meters) (meters) (g/t)
-------------------------------------------------------------------------
-------------------------------------------------------------------------
RCT-008
-------------------------------------------------------------------------
Horseshoe
-------------------------------------------------------------------------
Interval 88.4 393.2 481.6 5.1
-------------------------------------------------------------------------
Including 28.7 393.2 421.8 12.1
-------------------------------------------------------------------------
RC-1756
-------------------------------------------------------------------------
Ledbetter
-------------------------------------------------------------------------
Interval 3.0 149.4 152.4 0.6
-------------------------------------------------------------------------
Interval 4.6 221.0 225.6 0.9
-------------------------------------------------------------------------
Interval 3.0 243.8 246.9 0.8
-------------------------------------------------------------------------
Interval 32.0 295.7 327.7 2.6
-------------------------------------------------------------------------
Including 4.6 323.1 327.7 11.7
-------------------------------------------------------------------------
>>
Romarco has initiated resource studies on the new, higher grade Horseshoe
area of the Haile property. Snowden Group in Vancouver, BC has been contracted
to review Horseshoe, Ledbetter and Snake from an underground mining
perspective. Their conclusions will be periodically updated as drilling
progresses and, if appropriate, it will be included in the Haile Feasibility
Study targeted for completion by the end of 2010.
The majority of the drilling performed this year has been primarily
directed to condemnation drilling in order to complete the Feasibility Study
and file for final permits. Some of that drilling has yielded very positive
results and has identified new exploration targets in the Haile district. The
Company will continue exploration drilling but intends to move the four RC
rigs to the new tailings site location over the coming weeks in order to
maintain the Feasibility Study timeline. The two core rigs will continue to
conduct exploration drilling.
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
are inserted at random and submitted with all of the drill samples. The
results of the control samples are within acceptable ranges. Romarco's
Qualified Person under NI-43-101 is Peter J. Butterfield senior geologist at
Haile.
<<
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. The Pinos Gold District in Mexico is a high
grade epithermal vein district in the advanced exploration stage.
sumiso; Romarco minerals received a strong rec on bloomberg few days ago..what do you like about it? is it trading in the states/
Are you familiar with Medoro Resources which was also mentined?
tia
mlkr
Romarco Intercepts 23 Meter Zone of 5.4 g/t at Haile
Wednesday February 27, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 27, 2008 -- ROMARCO MINERALS INC. (CDNX:R.V - News) (the "Company") is pleased to announce assay results from its second PQ size (3.345 inch diameter) core drill hole (DDH-290) at the Haile Gold Mine, in South Carolina. The hole was drilled 70 meters southwest of DDH-289 (46 m of 5.7 g/t Au, see press release dated Feb. 11, 2008) in the southwest portion of the Mill Zone. DDH-290 was drilled on a 60 degree angle, so this extensive intercept represents true thickness.
The hole returned a composite 72 meter (235 feet) sequence grading 2.4 g/t gold. Gold mineralization of over 0.5 g/t was first intersected at 55 meters (180 feet) below surface. Within the gold mineralized interval, 5.4 g/t gold was returned over a 23 meter interval at the top of the sequence which was bounded on top and bottom by intervals assaying 13 g/t and 18.1 g/t gold respectively. It is very significant that all the intervals assayed above the cutoff grade of 1.0 g/t gold. See table below for details.
[table contained in following link]
http://biz.yahoo.com/iw/080227/0367638.html
Romarco is currently drilling exploration holes outside the Ledbetter resource zone which has a current mineral resource of 1.38 million tonnes grading 3.51 g/t gold. Ledbetter is open in three directions.
With two drill rigs on site, the current program is designed to identify additional resources, convert resources into proven and probable reserves, and provide representative samples for metallurgical testwork as it relates to the bankable feasibility study underway by Lyntek Inc. of Denver, CO.
The current drilling is being performed by the Eastern U.S. division of Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The PQ core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Along with permanent Romarco staff on sight, the current work is being overseen by Lyntek, Inc. as well as Gustavson & Associates of Boulder, CO, as it pertains to the feasibility study. Romarco's Qualified Person is Tom Kilbey, Sr. Geologist with the Company.
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, a 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.
ON BEHALF OF ROMARCO MINERALS INC.
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:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 624-6249
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Shirene Urton
Executive Assistant
(775) 355-1900
(775) 355-1907 (FAX)
Email: surton@romarco.com
Website: http://www.romarco.com
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
Romarco Plans Drill Program at Pinos Gold District
Thursday February 14, 11:17 am ET
http://biz.yahoo.com/iw/080214/0362055.html
SPARKS, NEVADA--(MARKET WIRE)--Feb 14, 2008 -- ROMARCO MINERALS INC. (CDNX:R.V - News) (the "Company") is pleased to announce that it has completed its Pinos Gold District underground sampling program. Over the past year the Company has taken in excess of 800 vein samples on various mine levels ranging from 30 to 128 meters below the surface on three known vein systems (Cinco Estrellas, La Paz and San Ramon-Purisma). These sample results, combined with the geologic mapping of surface exposures and the underground workings provided a digital composite surface and mine geologic map, that has generated high priority targets on the project site.
The Company has noted that the Cinco Estrellas vein system has the most significant widths (two to six meters). The trace element analyses completed to date indicate it is high in the hydrothermal boiling zone and that this system has gold-bearing intervals much deeper than have been tested to date. In the San Luis mine, gold concentrations in the Cinco Estrellas vein system ranged up to 6.3 g/t gold down to the 128 meter level. Limited workings only 9.3 meters below the 128 m level yielded samples with gold up to 10.9 g/t gold and up to 180 g/t silver. Romarco is designing a 20 hole core drilling program to test the Cinco Estrellas vein system at depth.
The Company completed channel sampling of the San Ramon-Purisima vein system in early November, and assay data for those samples have now been received. Sixty-three sites were sampled with as many as 7 samples collected across the vein at any one sample site where multiple banding was observed. Two levels at the 70 and 124 meter depths were sampled with some intervening collections down the shaft access. Samples from the 124 meter level were particularly enriched in gold and silver with six of the samples containing more than 9 g/t gold and ranging from 9.17 to 16.3g/t. Silver values for all 13 samples collected on the 124 meter level averaged 108 g/t. Vein widths range from 20 cm to 1.2 meters.
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 feasibility 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.
ON BEHALF OF ROMARCO MINERALS INC.
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, which has been prepared by management.
Contact:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 624-6249
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Shirene Urton
Executive Assistant
(775) 355-1900
Email: surton@romarco.com
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
Romarco Intercepts 46 Meter Zone of 5.7 g/t at Haile
Monday February 11, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 11, 2008 -- ROMARCO MINERALS INC. (CDNX:R.V - News) (the "Company") is pleased to announce assay results from its first PQ size core drill hole (DDH-289) at the Haile Gold Mine, in South Carolina. The hole was drilled in the Mill Zone which is a previously unmined gold resource discovered by Amax Gold.
The hole returned a composite 46 meter (150 feet) sequence grading 5.7 g/t gold. Gold mineralization of over 1 g/t was first intersected at 48 meters (160 feet) below surface. Within the gold mineralized interval, 49 g/t gold was returned over a 1.5 meter interval near the top of the sequence. The hole was drilled on a 60 degree angle perpendicular to the gold resource therefore, this extensive intercept represents true thickness. It is very significant that all intervals assayed above the cutoff grade of 1.0 g/t gold. See table below for details.
[CONTINUED IN FOLLOWING LINK]
http://biz.yahoo.com/iw/080211/0359971.html
Romarco Retains Ken Brunk to Lead Feasibility at Haile
Monday February 4, 9:00 am ET
http://biz.yahoo.com/iw/080204/0356747.html
SPARKS, NEVADA--(MARKET WIRE)--Feb 4, 2008 -- ROMARCO MINERALS INC. (CDNX:R.V - News) (the "Company") is pleased to announce that it has retained Mr. Ken Brunk to manage the bankable feasibility study and oversee the development of an operational team at its 100% owned Haile Gold Mine in South Carolina.
Mr. Brunk has a long and distinguished career in the mining industry. Ken was recently President and CEO of Harrison Western Group which provided engineering services, process technology, and mining and construction services to the mining industry. Ken had a long tenure with Newmont Mining Corporation with responsibilities including metallurgical process development, management of operations, business development and exploration, and finally as Sr. Technical Officer responsible for all the technical functions of the operating, mine planning, metallurgical development, projects, and engineering groups within Newmont. He was responsible for the process design and project organization of the $2 billion 140,000 ton per day Batu Hijua copper/gold concentrator. Mr. Brunk was also Vice President of Bateman Engineering responsible for engineering studies, feasibility studies, and metallurgical process plants for gold, base metal, and industrial minerals treatment plants worldwide.
Mr. Brunk holds a degree in Metallurgical Engineering from Michigan Technological University and throughout his career has conducted numerous feasibility studies and has as well been responsible for designing, constructing, staffing and operating multiple mining operations and improving process efficiencies around the world.
Mr. Brunk's knowledge, skills and experience will be extremely valuable as he guides Romarco through the Haile bankable feasibility study and prepares the company for the construction, development and operation of the Haile Gold Mine.
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 feasibility 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.
ON BEHALF OF ROMARCO MINERALS INC.
Diane R. Garrett, President and C.E.O.
Contact:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 634-7489
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Shirene Urton
Executive Assistant
(775) 355-1900
(775) 355-1907 (FAX)
Email: surton@romarco.com
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
Romarco Intercepts Vein Target at its Pinos Gold Project
Monday March 5, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Mar 5, 2007 -- ROMARCO MINERALS INC. (CDNX:R.V - News) announces that it has completed nearly half of the previously announced drill program (see press release dated January 16, 2007) at the Pinos Gold Project, in Zacatecas Mexico.
Romarco is currently drilling the fifth hole of a planned 11 hole program (approximately 1,290 meters of the 3,000 meter program). This program is designed to establish continuity of the vein system below the historic workings which went to a depth of approximately 100 meters.
To date, every hole has intercepted vein or stockwork veining intervals. Veining appears to continue to at least 200 meters below the historic workings.
Samples taken from the vein and stockwork veining are pending assay analysis by Chemex ALS of Vancouver.
The Phase I sampling and drilling programs are focused on the northern portion of the property known as Catanava - this is the least explored area of the property and represents only 4% of the Romarco's land package. The Catanava area is a 50/50 joint venture with Minera Apolo.
Romarco has contracted with R&R Incorporated Servicios de Perforacion Insemin S.A. de C.V., a drilling company based in Hermosillo, Sonora,Mexico.
Tommy Thompson, VP Exploration, is Romarco's Qualified Person on the project.
About the Pinos Gold District
The Pinos Gold District comprises more than 3,000 hectares of multi-vein gold systems.
- Discovered by the Spaniards in 1546 - Gold dominant district
- Last mining was in 1941
- Limited modern day exploration
- Historical production estimated at 5 million ounces of gold and 25+ million ounces of silver (as reported by Bethlehem Steel, a previous operator of the project)
- Prior mining was above the water table (approx. 100 m in depth)
- Three known vein systems with continuous strike length of over 5 km
- Numerous additional parallel veins identified through previous drilling but have never been mined
Additional information on the Pinos Gold District, including maps and photos, is available at Romarco's website at http://www.romarco.com.
Romarco Minerals is an advanced stage exploration company with 5 projects in Nevada and one gold district in Zacatecas, Mexico.
ON BEHALF OF ROMARCO MINERALS INC.
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, which has been prepared by management.
Contact:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 634-7489
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Mr. Ralf Langner
C.F.O.
(604) 688-9271
(604) 688-9274 (FAX)
Email: rlangner@romarco.com
Website: http://www.romarco.com
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
http://biz.yahoo.com/iw/070305/0222777.html
Romarco Modifies Pine Grove Drilling
Monday February 26, 8:48 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 26, 2007 -- ROMARCO MINERALS INC. (CDNX:R.V - News) announces modifications to its 2007 drill program at Pine Grove. The 2007 drill program was initiated in late January (see press release dated January 29, 2007) and is designed to follow up on the results of the 2006 program. To date, two (2) holes of the 2007 program have been completed (PG-34 and PG-35) with assays pending. PG-35 has intersected 1000 feet (304m) of altered, brecciated Tertiary rhyolite from 900 feet (274m) to the bottom of the angle hole at 1900 feet (580m).
Due to the significant intercepts of gold mineralization and altered breccia, Romarco has decided to change from the less efficient Reverse Circulation drilling to the more accurate deep diamond (core) drilling to effectively explore this new hidden mineralization to depths of 1000 feet (304m) to 2000 feet (608m).
Romarco is currently negotiating a contract for the core (diamond drill) rig, which is expected to arrive on site by early April 2007 to complete the drilling program.
This breccia zone intersected in PG-35 was intersected in the bottom portion of the 2006 holes PG-32 and PG-33 where the following assays were returned:
- PG-32: 110 meters averaging 0.96 g/t Au (329-439m) within which there are eight 1.5 meter intervals of greater than 2.00 g/t Au intercepts: 3 meters @ 2.60 g/t Au 416 m (1365 ft.) and a 6 meter interval of 2.9 g/t Au at 427 m (1400 ft.) and above the 110 meter sequence, a 3 meter interval of 5.03 g/t Au was intercepted.
- PG-33: 183 meters averaging 0.40g/t Au (232-415m) within which two 4.5 meter intervals averaged 1.9 and 2.0 g/t Au, respectively. The highest grade sample interval obtained within this sequence was 4.3 g/t Au at 323m (1060 ft.)
Romarco also wishes to announce a correction to previously reported intervals for PG-33. In its January 29, 2007 release, Romarco reported 1.5m grading 1.71 g/t gold. The actual portions of the PG-33 interval are higher at two 4.5 meter intervals averaging 1.9 and 2.0 g/t Au, respectively (as correctly noted above). The highest grade sample interval obtained within this sequence was 4.3 g/t Au at 323m (1060 ft.).
These wide gold intercepts indicate the presence of a strong mineralizing system and currently appear to be open at depth. This target is located approximately 2.5 kilometers east of the high-grade, past producing Rockland Mine (also located on the company's land package).
Additional targets remain to be evaluated around the Rockland Mine and Romarco has applied for a Phase II drilling permit in this area.
Romarco's Qualified Person on the project is Tom Kilbey, Senior Geologist for Romarco.
The Pine Grove Project, located in the Walker Lane Mineral Belt of western Nevada, is a joint venture with Carlin Gold (CDNX:CGD.V - News). Romarco is earning a 60% interest in the project by completing expenditures of US$2 million prior to December 31, 2009, with an option to elect to earn an additional 10% interest (total 70%) by committing to take the project to final feasibility within three years of Romarco's initial earn-in.
The property consists of 142 unpatented claims, and is located in the Pine Grove mining district, which has estimated historic production of approximately 290,000 ounces gold equivalent (includes silver). The property includes the old Rockland mine, which produced an estimated 50,000 ounces of gold between 1870 and the late 1930's. Pine Grove has excellent potential for discovery of multiple bonanza-grade veins associated with a Tertiary-age bimodal volcanic suite.
Romarco also announces that it has granted 350,000 options to purchase common shares of Romarco at a price of $0.24 per share with an expiry date of February 23, 2012 to an officer of the Company.
Romarco is an advanced stage exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. Romarco's management and Board of Directors are comprised of senior mining executives who have extensive experience identifying, developing, financing and operating precious metals deposits in the Americas. It is Romarco's goal to become a producer through development of its own projects as well as through the acquisition of advanced stage projects. Romarco currently has five exploration projects in Nevada, and one gold district in Mexico.
ON BEHALF OF ROMARCO MINERALS INC.
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, which has been prepared by management.
Contact:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 634-7489
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Mr. Ralf Langner
C.F.O.
(604) 688-9271
(604) 688-9274 (FAX)
Email: rlangner@romarco.com
Website: http://www.romarco.com
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
http://biz.yahoo.com/iw/070226/0219818.html
Romarco Grants Options
Thursday February 8, 11:50 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Feb 8, 2007 -- ROMARCO MINERALS INC. (CDNX:R.V - News) (the "Company") announces it has granted 1,725,000 options to purchase common shares of the Company at a price of $0.27 per share with an expiry date of February 8, 2012 to officers and directors of the Company.
Romarco is an advanced stage exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. Romarco's management and Board of Directors are comprised of senior mining executives who have extensive experience identifying, developing, financing and operating precious metals deposits in the Americas. It is Romarco's goal to become a producer through development of its own projects as well as through the acquisition of advanced stage projects. Romarco currently has five exploration projects in Nevada, one in Mexico and one in Peru.
ON BEHALF OF ROMARCO MINERALS INC.
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, which has been prepared by management.
Contact:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 634-7489
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Mr. Ralf Langner
C.F.O.
(604) 688-9271
(604) 688-9274 (FAX)
Email: rlangner@romarco.com
Website: http://www.romarco.com.
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
Romarco Returns 17 g/t Gold, 196 g/t Silver at Pinos Gold District, Mexico
Wednesday January 31, 10:11 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 31, 2007 -- ROMARCO MINERALS INC. (CDNX:R.V - News) is pleased to announce results from its initial underground channel sampling program at the Pinos Gold District in Mexico. Historically, the Pinos district produced 5 million ounces of gold and 25+ million ounces of silver (reported by Bethlehem Steel).
To date, 46 samples have been collected and assayed by Romarco with five additional samples pending results. These underground channel samples (with the exception of Penitas, P-1) were taken from the Catanava area utilizing existing shafts and sampling along previously mined veins. The Catanava area is a 50/50 Joint Venture and represents only 4% of the total land package at Pinos.
The underground channel samples were taken from the 5, 10 and 30 meter levels.
The P-1 Penitas channel sample (averaging 6 g/t gold and 190 g/t silver) is from a six (6) meter wide vein on Romarco's 100% portion of the property. The Infantita underground channel sample returned 17 g/t gold and 17 g/t of silver.
Coarse free gold was experienced at Pinos. To ensure accuracy and avoid erratic assay results that can result from a "nugget effect", Romarco took extra precaution in analyzing the samples and performed three (3) one assay ton fire assays and a one kilogram screen fire assay for each sample. All samples had a very high correlation.
The vein systems contain both coarse and fine gold. It should be noted that the veins sampled contain wallrock fragments which dilute the overall precious metals values. The assays received are consistent with Romarco's expectations for the initial sampling program on the 5, 10 and 30 meter levels. Additional sampling at deeper levels is planned.
Selected sample results from the initial program are set out in the table below. An additional 5 samples contained gold ranging from 3 g/t to 6.4 g/t and an additional 17 samples returned silver assays ranging from 20 g/t to 136 g/t.
PINOS GOLD DISTRICT UNDERGROUND CHANNEL SAMPLES
Sample Vein Gold (g/t) Silver (g/t)
------------------------------------------------------------
I-1 DUP 1 Infantita 17 17
I-1 DUP 2 13 less than 5
I-1 DUP 3 13 10
P-1 DUP 1 Penitas 6 193
P-1 DUP 2 7 189
P-1 DUP 3 6 196
G-2 DUP 1 Guapo 13 25
G-2 DUP 2 13 22
G-2 DUP 3 13 22
T3-1 DUP 1 Tanous 6 37
T3-1 DUP 2 6 34
T3-1 DUP 3 6 38
T3-2 DUP 1 Tanous 5 28
T3-2 DUP 2 5 26
T3-2 DUP 3 5 28
T3-3 DUP 1 Tanous 3 18
T3-3 DUP 2 2 28
T3-3 DUP 3 3 18
T3-4 DUP 1 Tanous 5 16
T3-4 DUP 2 5 20
T3-4 DUP 3 5 24
T3-5 DUP 1 Tanous 7 14
T3-5 DUP 2 7 20
T3-5 DUP 3 6 19
T3-6 DUP 1 Tanous 7 13
T3-6 DUP 2 7 less than 5
T3-6 DUP 3 7 10
T3-7 DUP 1 Tanous 7 15
T3-7 DUP 2 7 5
T3-7 DUP 3 6 10
T1A-2 DUP 1 Tanous 5 23
T1A-2 DUP 2 5 29
T1A-2 DUP 3 5 25
G-1 DUP 1 Guapo 3 19
G-1 DUP 2 3 26
G-1 DUP 3 3 23
G-3 DUP 1 Guapo 2 51
G-3 DUP 2 2 47
G-3 DUP 3 2 46
SM-3 DUP 1 San Miguel 3 83
SM-3 DUP 2 2 89
SM-3 DUP 3 2 84
Thanks. Will check it out.
allspice,
In case you missed this audio/video presentation given at the Dubai Conference last year, here is the link:
Romarco Minerals Inc., Diane Thomas Garrett {AUDIO/VIDEO LINK)
Mining Metals/Oil & Gas Congress, Dubai, 10/31/06
http://events.onlinebroadcasting.com/minellc/103106/frameset.php?file=romarco&co=romarco&pla....
sumisu
Romarco Targets Strong Mineralized System
Monday January 29, 8:47 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 29, 2007 -- ROMARCO MINERALS INC. (CDNX:R.V - News) is pleased to announce that it has initiated a follow up drill program on it's Pine Grove property in Lyon County, Nevada. The 2006 Phase I program intersected wide zones of mineralization:
- PG-32 110 meters averaging 0.96 g/t Au (329-439m) within which there
are the following intercepts: 3 meters @ 2.60 g/t Au and
eight 1.5 meter intervals of greater than 2.00 g/t Au.
- PG-33 183 meters averaging 0.40 g/t Au (232-415m) within which a 1.5
meter interval averaged 1.71 g/t Au.
Hope they hit da mutherload for ya ;)
Romarco Commences Drilling at Pinos Gold District, Mexico
Tuesday January 16, 8:30 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 16, 2007 -- ROMARCO MINERALS INC. (TSX VENTURE:R.V - News) is pleased to announce that drilling has commenced at the Pinos Gold Project, in Zacatecas Mexico. Romarco has contracted with R&R Incorporated Servicios de Perforacion Insemin S.A. de C.V., a drilling company based in Hermosillo, Sonora, Mexico.
Romarco will be drilling 11 holes (approximately 3,000 meters) to test continuity of the known vein systems at depth and along strike.
All samples from the initial underground sampling program are in the lab and results are pending. Chemex ALS of Vancouver is performing the analysis. Additional sampling programs will continue on the property.
The Phase I sampling and drilling programs are focused on the northern portion of the property known as Catanava - this is the least explored area of the property and represents only 4% of the Company's land package. The Catanava area is a 50/50 joint venture with Minera Apolo.
Pinos Gold District
The Pinos Gold District comprises more than 3,000 hectares of multi-vein gold systems.
- Discovered by the Spaniards in 1546 - Gold dominant district
- Last mining was in 1941 - limited modern day exploration
- Historical production - 5 million ounces of gold @ 60 g/t and 25+ million ounces of silver @ 500 g/t (as reported by Bethlehem Steel, a previous operator of the project)
- Prior mining was above the water table (approx. 100 m in depth)
- Three known vein systems with continuous strike length of over 5 km
- Numerous additional parallel veins identified through previous drilling but have never been mined
Additional information on the Pinos Gold District, including maps and photos, is available at Romarco's website at http://www.romarco.com.
Tommy Thompson, VP Exploration, is Romarco's Qualified Person on the project.
Romarco is an advanced stage exploration company engaged in the acquisition, exploration and development of precious metals mineral properties. Romarco's management and Board of Directors are comprised of senior mining executives who have extensive experience identifying, developing, financing and operating precious metals deposits in the Americas. It is Romarco's goal to become a producer through development of its own projects as well as through the acquisition of advanced stage projects. Romarco currently has five exploration projects in Nevada, one in Mexico and one in Peru.
ON BEHALF OF ROMARCO MINERALS INC.
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, which has been prepared by management.
Contact:
Contacts:
Romarco Minerals Inc.
Diane Garrett
President and C.E.O.
(830) 634-7489
Email: dgarrett@romarco.com
Romarco Minerals Inc.
Ralf Langner
C.F.O.
(604) 688-9271
(604) 688-9274 (FAX)
Email: rlangner@romarco.com
Website: http://www.romarco.com
--------------------------------------------------------------------------------
Source: Romarco Minerals Inc.
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