Romarco Minerals Inc

Emerging Gold producer - South Carolina, Nevada & Mexico

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NEWS.... nobody on Agora is paying attention to R - up 50% today

posted on Sep 23, 2008 09:14AM

Romarco Intercepts 37 m of 7.9 g/t & 55 m of 6 g/t at Haile
Tuesday September 23, 8:30 am ET

SPARKS, NV--(MARKET WIRE)--Sep 23, 2008 -- ROMARCO MINERALS INC. (CDNX:R.V - News) (the "Company") is pleased to announce assay results from several drill holes at the Haile Gold Mine, in South Carolina. All holes returned significant results which is typified by those from hole DDH 301, which returned a composite sequence of 37 meters of 7.9 g/t including a 21.7 meter intercept of 11.62 g/t. Hole DDH 305 returned a composite zone of 54.8 meters of 6.01 g/t gold including a 25.1 meter intercept of 10.77 g/t gold. All drill results are within the confines of the designed open pit but were not included in the recently release new resource estimate (see press release dated September 4, 2008). The current measured and indicated resource is 1.5 million ounces of gold (34.9 million tonnes at 1.34 g/t). There is an additional 678,630 of inferred resources (26 million tonnes at 0.81 g/t).

See table below for details.

--------------------------------------------------
      Hole       Interval   From      To    Gold
                 (meters) (meters) (meters) (g/t)
-------------------------------------------------
DDH - 299
-------------------------------------------------
  Composite Zone   6.4      66.8     73.2    6.4
-------------------------------------------------
DDH - 301
-------------------------------------------------
  Composite Zone    4.6     44.2     48.8   2.93
-------------------------------------------------
  Composite Zone   36.7     56.3      93    7.99
-------------------------------------------------
  Including        21.7      67      88.7   11.62
-------------------------------------------------
DDH - 302
-------------------------------------------------
  Composite Zone    24      77.7    102.1    7.7
-------------------------------------------------
  Including         15      79.2     94.5   10.6
-------------------------------------------------
  Composite Zone    29       120    149.4    9.2
-------------------------------------------------
  Including        7.6     123.4     131    13.8
-------------------------------------------------
  Including        4.6     143.2    147.8   17.4
-------------------------------------------------
DDH-303
-------------------------------------------------
  Composite Zone   17.9     35.4     53.3   2.85
-------------------------------------------------
  Including         4.9     37.8     42.7   6.83
-------------------------------------------------
DDH-304
-------------------------------------------------
  Composite Zone   47.2    118.9    166.1   2.35
-------------------------------------------------
  Including         6.1    149.4    155.5   10.03
-------------------------------------------------
DDH-305
-------------------------------------------------
  Composite Zone   54.8     99.1    153.9   6.01
-------------------------------------------------
  Including        25.1    114.3    139.4   10.77
-------------------------------------------------

Romarco is currently drilling exploration holes in the northeast section of the property. The mineralized zone continues to remain open in three directions.

The current drilling is being performed by Boart Longyear. The core samples are being assayed by Inspectorate Labs in Sparks, NV. The core was quartered and sampled with control samples inserted. The results of the control samples were within acceptable ranges. Along with permanent Romarco staff on sight, the current work is being overseen by Roberts and Schaefer of Salt Lake City as well as Gustavson & Associates of Boulder, CO. Romarco's Qualified Person is Tom Kilbey, Sr. Geologist with the Company.

Romarco Minerals Inc. is a gold development company focused on production in the US and Mexico. The Company's flagship project is the Haile Gold Mine in South Carolina which is currently undergoing exploration drilling, bankable feasibility study and permitting. The Pinos Gold District in Mexico is a high grade epithermal vein district in the advanced exploration stage. The Company also has three gold exploration projects in Nevada.

For further information, please contact Diane Garrett, President and C.E.O. at (830) 624-6249 or by e-mail at dgarrett@romarco.com or Shirene Urton, Executive Assistant at (775) 355-1900 or by e-mail at surton@romarco.com.

ON BEHALF OF ROMARCO MINERALS INC.

 
"Diane R. Garrett"
Diane R. Garrett,
President and C.E.O.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.

Distributed by Filing Services Canada and retransmitted by Marketwire


Contact:

     ROMARCO MINERALS INC.
     997 Greg Street
     Sparks, Nevada
     USA 89431
     Email Contact
      

Source: Romarco Minerals Inc.

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