Romarco Awards Feasibility Contract for Haile
November 14, 2007
ROMARCO MINERALS INC. ("TSXV: R" - the "Company") is pleased to announce that it has awarded the Engineering Contract for the Haile Gold Mine definitive feasibility study to Lyntek Inc. of Denver, Colorado. Lyntek is a recognized global leader in mineral processing, and specializes in gold processing. Lyntek has subcontracted with the reputable firms of Gustavson Associates, Inc. and Vector Engineering, Inc. to conduct the feasibility study for the Haile Project. Confirmation drilling is expected to begin this month to move the current resources into the proven and probable category.
Additionally, Romarco has SEDAR filed a revised NI 43-101 report by Behre Dolbear & Company on the Haile Gold Mine. The revised report reflects a reduction in capital costs and includes geologic upside potential within the existing orebodies on the property. Based on Behre Dolbear's report, the current mine plan shows a six year mine life with an average production schedule of 100,000 ounces after start-up at cash costs of $350 per ounce.
Romarco is a developing gold producer with the Haile Gold Mine in South Carolina, a large gold district in Zacatecas, Mexico and exploration projects in Nevada.
For further information, please contact Diane Garrett, President and C.E.O. or Shirene Urton at (775) 355-1900.
ON BEHALF OF ROMARCO MINERALS INC.
Diane R. Garrett
President and C.E.O.
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