Romarco Minerals drills 57.4-metre zone of 2.8 g/t Au

2009-01-21 08:37 ET - News Release

Ms. Diane Garrett reports

ROMARCO ENCOUNTERS A 57.4 METER AGGREGATE ZONE OF 2.8 G/T AU AT NORTH HAILE AREA

Romarco Minerals Inc. has provided assay results from an additional exploration hole at the Haile mine in South Carolina. This latest hole was a step-out hole to determine the western extent of the mineralization at the north resource zone.

DDH-333 was collared 20 metres (65 feet) east of DDH-308 and intersected a 100-metre-thick mineralized target horizon. That target horizon included three discreet ore zones consisting of 26.8 metres (87.8 feet) of 2.2 grams per tonne (g/t) Au, 7.9 metres (25.7 feet) of 6.3 g/t Au and 22.7 metres (74.6 feet) of 2.4 g/t Au. Therefore, the 100-metre-thick target returned a 57-metre composite zone averaging 2.8 g/t Au.

This latest hole was also drilled to the south at a moderately steep angle in order to minimize hole deflection and to have the hole transect mineralization at a normal angle. All of the mineralized zones were hosted within silicified quartz-sericite-pyrite phyllites. See the table for details.

                  Interval       From         To     Gold
Hole               (metres)   (metres)   (metres)    (g/t)

DDH-333
Interval             26.8       67.7       94.5      2.2
Interval              7.9      104.3      112.2      6.3
Interval             22.7      138.7      161.4      2.4
                     ----                            ---
Target total         57.4                            2.8
                     ====                            ===

Drilling services for this core hole was performed by Boart Longyear. The core samples were assayed by Inspectorate Labs in Sparks, Nev. The core was halved and sampled with control samples inserted. The results of the control samples were all within acceptable ranges. Romarco's qualified person is Tom Kilbey, senior geologist with the company.

Romarco purchased a reverse circulation (RC) rig at year-end and has employed a seasoned drilling crew with more than 30 years of precious metals drilling experience. The decision to switch from core to RC drilling was based on the need to accelerate the drill rate in order continuing expanding the resource and to make informed decisions for mine planning purposes. Owning the rig significantly reduces drilling costs and provides Romarco flexibility in conducting its drilling program. Several target areas remain that require additional drilling.

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