Romarco Minerals Inc fka TSX:R

[Tackler]

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.