Romarco drills 117 m at 5.

While Haile Romarco project in South Carolina is taking the long way that allows it, is far from being all bad, as the latest drill results suggest.

Posted: Friday, July 22, 2011

VANCOUVER, BC – -

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Romarco Minerals (TSX: R drill reached its highest in over a year on the project Haile South Carolina, cutting 117 metres@5.5 g / t gold. It's time for Romarco fortuitous as a result of drilling diverts attention from the disappointing news announced in early July, when the U.S. Haile decided Corps would have to undergo a long statement of environmental impact statement (EIS in an area of ​​wetlands in the project area.

The catheter position was important to Romarco as it left the saddle between two of the proposals Haile open wells, septic and South Ledbetter, in an area known as Mustang, where this year has shown continued increases in Romarco mineralization. Intercepts a few dozen meters away from recent drilling, for example, returned 54 metres@3.7 g / t Au and 34 meters @ 4 g / t Au.

Romarco said that continuity in the Mustang, which considers an open pit target, "can result in fusion of the well designed in this area."

There was also a lower potential land as an extension of Mustang fell to the northeast, Romarco said.

Deep, high grade gold is becoming one of Romarco focuses this year as it follows a longer path that allows – for about a year – which would have been otherwise. Or as President and CEO Diane Romarco Garrett put it in a prepared statement: "During the additional period allowed by the program allows, (Romarco will continue to add value to the project through an aggressive drilling program and increased Underground studies and optimization of the mine plan. "

U.S. Army Corps of Engineers, the federal organization that can monitor the project Haile, is responsible for "additional time" a year or so. For the federal government needs Romarco 404 wetlands permit that there are two routes: the shortest path environmental assessment or statement largest and most rigorous environmental impact statement (EIS way.

Romarco As reported in early July, the U.S. Corps of Engineers decided that it wanted a Romarco EIA land called "low functioning and deterioration of wetlands and streams. "

Although undoubtedly would have preferred Romarco take shortest route to the development of Haile, however, following the decision to EIA, it has sought the positive side of things, ie, more time to perfect your plan of the mine and expand its current form and with potential underground.

As for the ground potential, Romarco has affected higher grade mineralization deeper below your snake, and horseshoe Ledbetter open pit mines that "may justify the underground mining," the Junior this year. Romarco said in a scoping study for an underground mining scenario "is scheduled for 2011. "

That complement the primary open approach as outlined in the feasibility study of February 2011 Romarco of Haile: a 13-year mine producing 150,000 ounces of gold a year in the early first half that cost $ 275 million to build. For the feasibility study used two million ounces Romarco gold@2.06 g / t gold in proven and probable reserves.

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