| Who we are | Romarco Minerals Inc. (“Romarco”) is an exploration and development stage gold company hosting projects in the United States. |
Where is our
primary focus | The Company’s flagship development project is the 100%-owned Haile Gold Mine, located in Lancaster County, South Carolina at approximately 3 miles northeast of the town of Kershaw, an area already equipped with extensive existing infrastructure. |
What we are
working on | A feasibility study was recently completed and Romarco is committed to rapidly advancing the property towards the construction, development and production stage. |
| What are we after | Gold resources as of today stand at 53.4 million tonnes at 1.82 g/t for 3.11 million ounces of measured and indicated and an additional 24.9 million tonnes at 1.34 g/t for 1.1 million ounces of inferred resources. Proven and probable reserve was 30.5 million tonnes at 2.06 g/t for 2.0 million ounces. A preliminary economic assessment is currently underway at Horseshoe. Ongoing exploration drilling is expected to add significantly to the resources and reserves. The mineralized footprint at Haile remains open in all directions and at depth and the Company is currently drilling the largest program in its history – 172,000 meters. A new discovery was made early in 2010 – Horseshoe. Romarco anticipates following up on the Horseshoe zone, which was discovered early 2010, as well as exploring several other regional targets during 2011. |
What we aim
to achieve | The 2011 exploration drilling program consists of approximately 110,000 meters, which represents an 83% increase over the 2010 exploration drilling program. This significant exploration drilling program substantiates what Romarco’s team continues to see as additional upside potential at the Haile Gold Mine. |
Why Romarco is
Well Positioned | Haile is part of a much larger gold district and the Company is just beginning to assess the regional potential. With a world class ore deposit in a mining friendly state, a solid cash position, no debt, and a strong experienced management team, Romarco is well positioned to continue creating exceptional value for its shareholders. |
1 The resource calculations were completed by Independent Mining Consultants of Tucson, Arizona under the direction of Mr. John Marek, PE, an independent Qualified Person (“Q.P.”) pursuant to National Instrument (“NI”) 43-101. The NI 43-101 Technical Report was filed on SEDAR on December 14, 2010.
2 A Feasibility Study was completed and complied February 2011 by M3 Engineering & Technology Corporation (“M3”) with the participation and contribution of Independent Mining Consultants (“IMC”) and AMEC Americas Limited (“AMEC”). Joshua Snider, P.E., Thomas L. Drielick, P.E., Lee “Pat” Gochnour, M.M.S.A., John Marek, P.E. and Derek Wittwer, P.E. are responsible for preparing the Technical Report. Each of the above referenced persons is a “qualified person” as defined in National Instrument 43-101 — Standards of Disclosure for Mineral Projects. The results of the Feasibility Study were announced February 9, 2011 and were filed on www.sedar.com February 22, 2011.
