FOR IMMEDIATE RELEASE
ROMARCO MINERALS INC.
Brookfield Place
181 Bay Street, Suite 3630
Toronto, Ontario M5J 2T3
Tel: (416) 367-5500
Fax: (416) 367-5505
E: [email protected]
NEWS RELEASE
FOR IMMEDIATE RELEASE
April 11, 2012
ROMARCO DRILLS 13.5 METERS OF 42.4 G/T GOLD AT NORTH
MUSTANG AND 55.0 METERS OF 6.8 G/T GOLD AT PALOMINO
ROMARCO MINERALS INC. (TSX:R) (the “Company”) is pleased to provide an update of recent
assay results from the on-going drill program at its 100%-owned Haile Gold Mine project in South
Carolina and its regional projects in the Carolinas. The results continue to demonstrate the sustained
growth and continuity of the mineralized system at Haile. Highlighted holes include:
North Mustang:


RCT-161, located approximately 135 meters north of Mustang, intersected 13.5 meters of 42.4 g/t
gold, including 1.5 meters of 318.5 g/t gold;
RCT-167 encountered 33.5 meters of 4.6 g/t gold, located 164 meters northwest of RCT-161 and
approximately 60 meters east of RC-2058 (21.3 meters of 4.9 g/t gold – see January 20, 2012
news release);
Palomino:


RCT-168 intersected 55.0 meters of 6.8 g/t gold, 72 meters east of RCT-129 (70.1 meters of 5.5
g/t gold – see November 1, 2011 press release) and 62 meters southwest of RCT-139 (84.7
meters of 3.4 g/t gold - see January 20, 2012 news release);
RCT-172 encountered 21.3 meters of 4.1 g/t gold, beginning at 154 meters down-hole and
located 81 meters northeast of RCT-143 (22.9 meters at 3.9 g/t gold - see January 20, 2012 news
release);
Exploration is continuing throughout the Haile system and at regional properties. Drilling at Haile
continues to extend and expand the deeper mineralized zones. Recent results indicate a possible
extension of Mustang to the north and continuity of mineralized material at Palomino. The latest
exploration also points to continuity between Snake and Horseshoe: DDH-431 intersected 25.9 meters of
1.4 g/t gold, 44 meters west of DDH-418 (41.1 meters of 8.4 g/t gold, see January 20, 2012 news
release), and DDH-432 encountered 32.2 meters of 2.2 g/t gold, 37 meters west of DDH-431. While
performing geotechnical drilling to assess the potential for underground mining, RCT – 122 at Horseshoe,
drilled within known mineralization, encountered 92.0 meters of 7.1 g/t gold including 10.1 meters of 28.9
g/t gold, which further supports the existing resource.
Phase two exploration programs consisting of 17 holes at the Company’s Hickory property in North
Carolina and 11 holes at the Bayberry property in South Carolina are underway. A phase two exploration
program consisting of 8 holes was recently completed at the Company’s Ironwood property in North
Carolina. A table of selected drill results from Haile and regional properties is included in the Appendix.
Plan view maps are available on the Company’s website: www.romarco.com
Sample Procedure
Drilling is being performed by Romarco's company-owned drills (4 core, 1 reverse circulation). Drill
samples are prepared by either Acme Labs (formerly AHK Geochem) at their facility in Spartanburg, SC,
or at the Company’s wholly owned Kershaw Mineral Laboratories in Kershaw, SC. All reported
mineralization has been confirmed by independent laboratory assays completed in Vancouver, British
Columbia by Acme Labs or in Reno, Nevada by ALS Chemex. 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,
NV. For additional information on the Company's sampling, analysis, and Quality Assurance and Quality
Control (“QA/QC”), please see the Company's most recent Annual Information Form (“AIF”) filed March
19, 2012 on SEDAR. Romarco's Qualified Person under NI 43-101 is James M. Berry, P.G., Chief
Geologist at Haile. Mr. Berry has reviewed and approved this news release.
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The
Company has completed a positive Feasibility study and is continuing exploration drilling and permitting
for its flagship project, the Haile Gold Mine in South Carolina.
For further information please contact:
Romarco Minerals Inc.
Diane Garrett, President and CEO
Phone: 210-621-4200
E-mail: [email protected]
Dan Symons, Vice President, Investor Relations
Phone: 416-367-5500
E-mail: [email protected]
Renmark Financial Communications Inc.
Maurice Dagenais 514-939-3989 or via e-mail at [email protected]
Please note:
This entire press release may be accessed via fax, e-mail, Romarco’s website at www.romarco.com and
through CNW Group’s website at www.newswire.ca. All material information on Romarco Minerals Inc.
can be found at www.sedar.com
2
ROMARCO MINERALS INC.
Appendix
Table of Selected Drill Holes
Hole
Azimuth
Angle
142
-55
Interval
(meters)
From
(meters)
To
(meters)
Gold
(g/t)
1.5
3.0
93.0
208.8
94.5
211.8
3.8
0.7
4.6
10.7
10.7
3.0
39.6
187.4
441.9
449.6
44.2
198.1
452.6
452.6
1.2
0.9
2.0
4.3
6.1
327.7
333.8
3.0
3.4
13.7
6.1
3.0
54.8
68.6
93.0
111.3
58.2
82.3
99.1
114.3
0.6
0.6
0.8
0.7
6.0
3.0
14.4
44.2
61.0
67.9
50.2
64.0
82.3
0.8
0.6
0.7
4.6
3.0
1.5
6.1
18.3
42.7
176.8
214.9
22.9
45.7
178.3
221.0
0.6
1.0
5.8
1.0
7.6
3.0
4.6
3.0
33.5
44.2
205.7
265.2
41.1
47.2
210.3
268.2
0.7
0.8
1.6
1.1
16.8
3.0
452.6
525.8
469.4
528.8
0.8
1.6
24.4
7.6
379.5
381.0
403.9
388.6
2.0
2.8
HAILE
Champion
DDH-433
Interval
Interval
DDH-438
Interval
Interval
Interval
Including
DDH-452
Interval
601 Zone
DDH-412
Interval
Interval
Interval
Interval
DDH-448
Interval
Interval
Interval
Mill Zone
RC-2091
Interval
Interval
Interval
Interval
RC-2098
Interval
Interval
Interval
Interval
North Small
DDH-446
Interval
Interval
North Mustang
RC-2105
Interval
Including
163
163
160
165
136
158
162
142
-60
-70
-53
-53
-74
-61
-64
-73
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ROMARCO MINERALS INC.
Interval
RC-2108
Interval
Including
RCT-161
Interval
Including
RCT-167
Interval
Including
Mustang
DDH-436
Interval
Interval
RCT-134
Interval
Interval
Palomino
RCT-131
Interval
Interval
Interval
Interval
Interval
Interval
Interval
RCT-140
Interval
Interval
Interval
Interval
RCT-153
Interval
RCT-168
Interval
Interval
Interval
Interval
Interval
Interval
RCT-169
Interval
Interval
Interval
Including
Interval
Including
RCT-171
Interval
Interval
Interval
Interval
143
155
163
227
139
193
145
423.6
1.0
10.7
1.5
391.7
399.3
402.4
400.8
1.6
6.2
13.5
1.5
428.5
429.8
442.0
431.3
42.4
318.5
33.5
12.2
410.0
420.6
443.5
432.8
4.6
8.1
4.4
3.5
160.2
316.5
164.6
320.0
1.4
1.2
1.5
13.7
70.1
431.3
71.6
445.0
1.0
2.1
4.6
3.0
13.7
3.0
3.0
4.6
9.1
126.5
260.6
266.7
303.3
313.9
358.1
368.8
131.1
263.6
280.4
306.3
316.9
362.7
377.9
1.8
1.0
1.2
1.0
1.2
0.9
0.6
37.5
1.7
26.0
2.0
416.7
461.2
466.3
506.9
454.2
462.9
492.3
508.9
1.2
6.2
1.6
3.0
12.2
339.9
352.1
3.6
9.1
6.1
9.1
7.6
55.0
7.9
131.1
286.5
314.0
326.2
342.9
402.1
140.2
292.6
323.1
333.8
397.9
410.0
1.2
0.8
2.3
2.7
6.8
4.6
1.5
3.0
19.9
7.4
16.8
2.3
97.5
240.8
414.1
416.1
464.8
464.8
99.0
243.8
434.0
423.5
481.6
467.1
1.3
0.7
2.3
4.1
2.9
9.5
3.4
21.3
1.5
4.6
161.5
178.3
291.1
320.0
164.9
199.6
292.6
324.6
0.5
1.8
2.7
1.9
-64
-73
-49
-75
-63
-80
142
-77
161
420.6
-51
006
155
3.0
-74
-78
-78
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ROMARCO MINERALS INC.
Interval
Interval
Interval
Including
Interval
Interval
RCT-172
Interval
Interval
Interval
Interval
Interval
Interval
Interval
Interval
Interval
Including
Interval
Snake
DDH-429
Interval
RCT-145
Interval
Interval
RCT-165
Interval
Interval
Interval
Interval
Including
Snake/Horseshoe
DDH-431
Interval
Interval
DDH-432
Interval
Horseshoe
RCT-122
Interval
Interval
Including
Interval
Interval
Interval
Including
RCT-146
Interval
Interval
North Horseshoe
RCT-152
151
-56
154
-75
146
167
005
186
144
338.3
356.6
431.3
448.1
492.3
505.7
352.0
363.4
480.4
454.8
501.4
515.1
0.9
1.2
1.9
3.7
0.9
5.8
0.8
3.0
21.3
8.7
19.9
4.0
2.7
7.6
15.8
3.0
4.8
126.5
140.2
153.9
180.3
199.6
236.8
268.3
274.3
564.9
568.5
644.4
127.3
143.2
175.2
189.0
219.5
240.8
271.0
281.9
580.7
571.5
649.2
7.2
0.5
4.1
0.6
2.6
2.4
6.1
1.7
3.7
11.3
3.3
3.0
399.3
402.3
4.6
7.6
7.6
506.0
516.6
513.6
524.2
0.9
1.4
4.4
6.1
0.9
10.2
3.0
336.8
685.8
694.3
698.5
704.1
341.2
691.9
695.2
708.7
707.1
5.4
7.0
5.1
2.3
4.5
6.1
25.9
169.2
179.8
175.3
205.7
1.5
1.4
32.2
162.9
195.1
2.2
6.1
16.8
7.0
9.1
22.9
92.0
10.1
158.5
179.8
182.0
260.6
283.4
308.8
321.2
164.6
196.6
189.0
269.7
306.3
400.8
331.3
0.6
12.7
27.8
1.5
7.6
7.1
28.9
3.0
12.2
493.8
507.5
496.8
519.7
1.2
0.9
-81
146
151
13.7
6.8
49.1
6.7
9.1
9.4
-59
-53
-54
-66
-80
-77
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ROMARCO MINERALS INC.
Interval
Interval
4.6
8.7
326.1
455.5
330.7
464.2
1.3
1.5
16.0
277.4
293.4
1.1
1.2
1.5
152.7
163.1
153.9
164.6
5.5
1.2
7.6
4.6
16.8
269.8
280.4
288.0
277.4
285.0
304.8
0.9
1.1
0.9
3.0
225.6
228.6
1.2
1.5
3.1
4.6
0.6
1.5
1.9
2.1
32.9
3.6
34.8
0.5
1.4
4.6
1.5
4.6
1.5
1.1
27.4
36.6
45.7
57.9
79.6
32.0
38.1
50.3
59.4
80.7
1.0
0.6
0.5
0.9
1.3
3.4
13.3
0.0
31.2
3.4
44.5
0.8
1.0
7.3
1.5
1.5
90.2
112.8
129.9
97.5
114.3
131.4
0.6
2.5
1.3
1.5
96.0
97.5
0.4
3.0
6.4
9.4
3.0
4.6
1.3
12.8
33.5
17.4
34.8
0.8
11.1
3.4
1.5
23.1
30.8
26.5
32.3
0.8
0.6
6.4
74.7
81.1
0.6
REGIONAL
Bayberry
DDH-441
Interval
DDH-442
Interval
Interval
RC-2104
Interval
Interval
Interval
RC-2114
Interval
RC-2118
Interval
Hickory
HKDH-11-007
Interval
Interval
HKDH-11-010
Interval
Interval
Interval
Interval
Interval
HKDH-11-016
Interval
Interval
HKDH-11-018
Interval
Interval
Interval
HKDH-12-020
Interval
HKDH-12-021
Interval
HKDH-12-022
Interval
Interval
Ironwood
IWDH-11-001
Interval
Interval
IWDH-11-002
Interval
150
-55
140
-64
155
-60
154
-54
0
-90
113
134
131
134
-74
-50
-65
-58
132
-54
136
-60
0
-90
141
143
-60
-60
6
ROMARCO MINERALS INC.