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Monday, 05/28/2012 12:15:42 PM

Monday, May 28, 2012 12:15:42 PM

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Romarco President Diane Garrett on SC Haile Gold Mine Permit Process

Romarco Minerals Inc TSX:R announced a permitting update for its Haile Gold Project in Lancaster County, South Carolina. The company has received a schedule from the US Army Corps of Engineers for completing the environmental impact statement for the Federal 404 Wetlands permit. The schedule is as follows:

Draft EIS to be filed by December 14, 2012
Draft EIS comment period begins December 14, 2012
Draft EIS Public Hearing to be held January 29, 2013
Draft EIS comment period ends February 28, 2013
Final EIS to be made public July 19, 2013
Record of Decision on permit to be made August 16, 2013

The Federal 404 Wetlands permit is the only federal permit Romarco requires for Haile, a past-producing gold mine, which has 43-101 gold resources of 4.04 million ounces measured and indicated and 801,000 ounces inferred. The Corps of Engineers is the federal agency regulating 404 permits. Other pending permits include the State 401 Water Quality Certification and the State Mine Operating permit. The regulating agency for these permits is the South Carolina Department of Health and Environmental Control. DHEC will schedule its public hearing following the filing of the draft EIS by the Corps.

Read more about Romarco's permit application. http://www.resourceclips.com/2012/05/24/romarco-president-diane-garrett-on-sc-haile-gold-mine-permit-process/

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