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, / PRNewswire / – (the "Company" reports that the U.S. Army Corps of Engineers ("Corps", today called the company completes an Environmental Impact Statement ("EIS" of the impacts of a part of the operation of low and degraded wetlands and streams in the area. The decision of EIS is expected to add approximately 12 months to the timetable proposed in the feasibility study of the company (to date, mainly as a result of extensive technical review period and public comment and review periods dictated by the calendar EIS.
President and CEO, commented: "We will continue to provide shareholder value and maximize the additional time needed to complete the EIA process by optimizing the mine plan, increased resources, and reduce the strip ratio through additional drilling. Completion of an EIS takes the uncertainty about potential problems in the future, an environmental assessment. The EIS will only deal with Wetlands (404 aspects of the mining operation. "
While the EIS is being completed, the company will increase its focus on exploration drilling, further metallurgical test work in the laboratory owned by the company to improve gold recovery in current (83.7% and optimize the design and mine planning through more studies that do not trade. The company also will continue to define underground targets and carry out economic studies on the potential for underground mining.
The company has invested more in qualified studies clearly show that the project will have minimal environmental impact will be more than offset by a mitigation plan of setting precedent. The company will be building a state of the art mining facility, which goes beyond current regulations. The company's commitment to the environment is demonstrated by our plan to preserve and restore wetlands and create new wetlands in the current recovery proposal and closure plan. We are committed and our economic contribution to the area.
The Federal Wetlands permit 404 is the Federal Romarco permission only required for the project Haile. Other outstanding permits include, but are not limited to, the State 401 Certification of Water Quality and the operating permit of the State of Minas, the regulatory agency for these permits is the South Carolina Department of Health and Environmental Control, which is currently completing a technical review of applications for these permits.
Romarco will hold a conference where top management to discuss the decision of EIS and responding to questions from analysts and investors. To join the call:
The conference will be recorded and the replay will be available after the event by calling toll free 1-877-289-8525 or 416-640-1917 and local levels, access code 4454207 # (available until.
Romarco Minerals Inc. is a development company focused on gold production primarily in the U.S.. The Company has completed a positive feasibility study continues the exploration and permits for its flagship project, the Haile Gold Mine in.
Note: This entire press release can be accessed via fax, email, website and www.Romarco.com Romarco on the website of CNW Group at www.newswire.ca . All material information on Romarco Minerals Inc. can be found at www.sedar.com.
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