Metalla Royalty & Streaming Ltd. (vorher Excalibur Resources) (Seite 427)
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Catanava update
Test der ball mill letzte Woche war erfolgreich. Die gemessene Produktion war höher als die Kapazität der wave tables. Deshalb wird zum Auffangen des überschüssigen gemahlenen Erzes ein Behälter zwischen Mühle und tables installiert. Sollte sich herausstellen, dass auch während der noch anstehenden Testphase Überschüsse produziert werden, könnte evtl. später die Kapazität der tables vergrößert werden. Das nur als mögliche technische Option.
Diese und nä. Woche wird das Dach auf das Gebäude für die Separation/Extraktion installiert. Installation und Test der wave tables dann ab nä. Wo.
Testbeginn der Gesamtanlage wahrscheinlich E. März/Anf. April. Ab dann werden schon Gold- und Silberkonzentrate produziert! Also echtes Geld ...
Also, nur noch wenige Wochen und unser kleiner Explorer mutiert zum Junior-Produzenten. Nicht mehr viel Zeit für Zögerlinge, denn für Produzenten werden in der Regel höhere s/p gezahlt.
Tommy
Test der ball mill letzte Woche war erfolgreich. Die gemessene Produktion war höher als die Kapazität der wave tables. Deshalb wird zum Auffangen des überschüssigen gemahlenen Erzes ein Behälter zwischen Mühle und tables installiert. Sollte sich herausstellen, dass auch während der noch anstehenden Testphase Überschüsse produziert werden, könnte evtl. später die Kapazität der tables vergrößert werden. Das nur als mögliche technische Option.
Diese und nä. Woche wird das Dach auf das Gebäude für die Separation/Extraktion installiert. Installation und Test der wave tables dann ab nä. Wo.
Testbeginn der Gesamtanlage wahrscheinlich E. März/Anf. April. Ab dann werden schon Gold- und Silberkonzentrate produziert! Also echtes Geld ...
Also, nur noch wenige Wochen und unser kleiner Explorer mutiert zum Junior-Produzenten. Nicht mehr viel Zeit für Zögerlinge, denn für Produzenten werden in der Regel höhere s/p gezahlt.
Tommy
Antwort auf Beitrag Nr.: 42.892.264 von tommy-hl am 13.03.12 10:40:47die 20k zu 0,147 dürften sicher auch hier im thread gelandet sein....
Catanava
Hab´ letzte Nacht ein update bekommen. Muss jetzt leider außer Haus, werde es nach Rückkehr übersetzen und dann hier reinstellen.
Nur soweit vorweg: es sieht sehr gut aus!
Hab´ letzte Nacht ein update bekommen. Muss jetzt leider außer Haus, werde es nach Rückkehr übersetzen und dann hier reinstellen.
Nur soweit vorweg: es sieht sehr gut aus!
Antwort auf Beitrag Nr.: 42.883.074 von Fantomas96 am 10.03.12 23:33:14Danke für Deinen unermüdlichen Fleiß und die Recherchen.
Nach Abschluss Dieser wäre ich an einer zusammenfassenden Betrachtung durch Dich bezogen auf das Grubengebiet von heute (Excalibur) sehr interessiert.
Für unseren Fantomas den Daumen hoch !
herzliche Grüße
Pyromorphit
Nach Abschluss Dieser wäre ich an einer zusammenfassenden Betrachtung durch Dich bezogen auf das Grubengebiet von heute (Excalibur) sehr interessiert.
Für unseren Fantomas den Daumen hoch !
herzliche Grüße
Pyromorphit
September 22, 2008
ROMARCO COMMENCES DRILLING AT PINOS GOLD DISTRICT, MEXICO
ROMARCO MINERALS INC. (TSXV: R) is pleased to announce that its exploration drilling
program has commenced at the Pinos Gold District in Mexico. The 20 hole program provides
for 5000 meters (16,400 ft.) of core drilling. This exploration assay data will be utilized to elevate
the preliminary mineral resources. This comprehensive drilling program was developed to test
the deeper reaches of known veins on the Cinco Estrellas system of the Pinos property.
Romarco’s work has illustrated that vein grade improves with depth. Most Cinco Estrellas mine
areas test material down to >150 meters, while 2007 drilling and underground sampling shows
that grades actually improve at depths >150 meters.
Historically Spanish and Cornish miners conducted operations on these vein systems of the
Pinos Gold District. However, they were forced to mine only the relatively shallow portions (up to
100 meters) of the veins due to limitations of the equipment that was available to them in those
historic times. By utilizing modern equipment, mining the veins to significantly greater depth is
possible.
The drilling contractor is Segeomex, based out of San Luis Potosi, Mexico. Samples will be
sent to ALS Chemex for assaying.
This program is currently being overseen and reviewed by Romarco’s Mexico Team, including
Romarco’s Qualified Person on the project Tommy Thompson, Senior Consultant for Romarco
as well Chris Candee, geologic consultant and 4 local employees.
ROMARCO COMMENCES DRILLING AT PINOS GOLD DISTRICT, MEXICO
ROMARCO MINERALS INC. (TSXV: R) is pleased to announce that its exploration drilling
program has commenced at the Pinos Gold District in Mexico. The 20 hole program provides
for 5000 meters (16,400 ft.) of core drilling. This exploration assay data will be utilized to elevate
the preliminary mineral resources. This comprehensive drilling program was developed to test
the deeper reaches of known veins on the Cinco Estrellas system of the Pinos property.
Romarco’s work has illustrated that vein grade improves with depth. Most Cinco Estrellas mine
areas test material down to >150 meters, while 2007 drilling and underground sampling shows
that grades actually improve at depths >150 meters.
Historically Spanish and Cornish miners conducted operations on these vein systems of the
Pinos Gold District. However, they were forced to mine only the relatively shallow portions (up to
100 meters) of the veins due to limitations of the equipment that was available to them in those
historic times. By utilizing modern equipment, mining the veins to significantly greater depth is
possible.
The drilling contractor is Segeomex, based out of San Luis Potosi, Mexico. Samples will be
sent to ALS Chemex for assaying.
This program is currently being overseen and reviewed by Romarco’s Mexico Team, including
Romarco’s Qualified Person on the project Tommy Thompson, Senior Consultant for Romarco
as well Chris Candee, geologic consultant and 4 local employees.
August 12, 2008
ROMARCO OBTAINS DRILL RIG FOR PINOS GOLD DISTRICT, MEXICO
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce that it has
signed a drilling contract with Segeomex of San Luis Potosi, Mexico for the 2008 drilling program
at the Pinos Gold District in Zacatecas, Mexico. Drilling is expected to commence September 1,
2008 and includes up to 5,000 meters (16,400 feet) of core drilling along the Cinco Estrellas vein
system.
The Company’s work over the past 18 months has determined that the known vein systems
extend at depths of up to 150 meters below the historic mining levels. This work identified the
Cinco Estrellas vein system as having the most significant widths (2 to 6 meters wide) and the
trace element analyses completed to date indicate it is high in the hydrothermal boiling zone and
that this system has gold-bearing intervals much deeper than have been tested to date. The drill
program outlined will test these intervals below the historic mining levels.
Pinos Gold District
The Pinos Gold District comprises more than 3,000 hectares of multi-vein gold systems.
• Discovered by the Spaniards in 1546 – Gold dominant district
• Last mining was in 1941 – limited modern day exploration
• Historical production – 5 million ounces of gold and 25+ million ounces of silver (reported
by Bethlehem Steel) produced from the first 100 meters.
• Prior mining was above the water table (approx. 100 m in depth)
• Four known vein systems with continuous strike length of over 5km
Romarco’s Qualified Person on the Pinos Gold Project is Dr. Tommy Thompson, the Company’s
Chief Consulting Geologist.
ROMARCO OBTAINS DRILL RIG FOR PINOS GOLD DISTRICT, MEXICO
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce that it has
signed a drilling contract with Segeomex of San Luis Potosi, Mexico for the 2008 drilling program
at the Pinos Gold District in Zacatecas, Mexico. Drilling is expected to commence September 1,
2008 and includes up to 5,000 meters (16,400 feet) of core drilling along the Cinco Estrellas vein
system.
The Company’s work over the past 18 months has determined that the known vein systems
extend at depths of up to 150 meters below the historic mining levels. This work identified the
Cinco Estrellas vein system as having the most significant widths (2 to 6 meters wide) and the
trace element analyses completed to date indicate it is high in the hydrothermal boiling zone and
that this system has gold-bearing intervals much deeper than have been tested to date. The drill
program outlined will test these intervals below the historic mining levels.
Pinos Gold District
The Pinos Gold District comprises more than 3,000 hectares of multi-vein gold systems.
• Discovered by the Spaniards in 1546 – Gold dominant district
• Last mining was in 1941 – limited modern day exploration
• Historical production – 5 million ounces of gold and 25+ million ounces of silver (reported
by Bethlehem Steel) produced from the first 100 meters.
• Prior mining was above the water table (approx. 100 m in depth)
• Four known vein systems with continuous strike length of over 5km
Romarco’s Qualified Person on the Pinos Gold Project is Dr. Tommy Thompson, the Company’s
Chief Consulting Geologist.
February 14, 2008
ROMARCO’S PLANS DRILL PROGRAM AT PINOS GOLD DISTRICT
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce that it has
completed its Pinos Gold District underground sampling program. Over the past year the
Company has taken in excess of 800 vein samples on various mine levels ranging from 30 to 128
meters below the surface on three known vein systems (Cinco Estrellas, La Paz and San Ramon-
Purisma). These sample results, combined with the geologic mapping of surface exposures and
the underground workings provided a digital composite surface and mine geologic map, that has
generated high priority targets on the project site.
The Company has noted that the Cinco Estrellas vein system has the most significant widths (two
to six meters). The trace element analyses completed to date indicate it is high in the
hydrothermal boiling zone and that this system has gold-bearing intervals much deeper than have
been tested to date. In the San Luis mine, gold concentrations in the Cinco Estrellas vein system
ranged up to 6.3 g/t gold down to the 128 meter level. Limited workings only 9.3 meters below
the 128 m level yielded samples with gold up to 10.9 g/t gold and up to 180 g/t silver. Romarco is
designing a 20 hole core drilling program to test the Cinco Estrellas vein system at depth.
The Company completed channel sampling of the San Ramon-Purisima vein system in early
November, and assay data for those samples have now been received. Sixty-three sites were
sampled with as many as 7 samples collected across the vein at any one sample site where
multiple banding was observed. Two levels at the 70 and 124 meter depths were sampled with
some intervening collections down the shaft access. Samples from the 124 meter level were
particularly enriched in gold and silver with six of the samples containing more than 9 g/t gold and
ranging from 9.17 to 16.3g/t. Silver values for all 13 samples collected on the 124 meter level
averaged 108 g/t. Vein widths range from 20 cm to 1.2 meters.
ROMARCO’S PLANS DRILL PROGRAM AT PINOS GOLD DISTRICT
ROMARCO MINERALS INC. (TSXV: R) (the “Company”) is pleased to announce that it has
completed its Pinos Gold District underground sampling program. Over the past year the
Company has taken in excess of 800 vein samples on various mine levels ranging from 30 to 128
meters below the surface on three known vein systems (Cinco Estrellas, La Paz and San Ramon-
Purisma). These sample results, combined with the geologic mapping of surface exposures and
the underground workings provided a digital composite surface and mine geologic map, that has
generated high priority targets on the project site.
The Company has noted that the Cinco Estrellas vein system has the most significant widths (two
to six meters). The trace element analyses completed to date indicate it is high in the
hydrothermal boiling zone and that this system has gold-bearing intervals much deeper than have
been tested to date. In the San Luis mine, gold concentrations in the Cinco Estrellas vein system
ranged up to 6.3 g/t gold down to the 128 meter level. Limited workings only 9.3 meters below
the 128 m level yielded samples with gold up to 10.9 g/t gold and up to 180 g/t silver. Romarco is
designing a 20 hole core drilling program to test the Cinco Estrellas vein system at depth.
The Company completed channel sampling of the San Ramon-Purisima vein system in early
November, and assay data for those samples have now been received. Sixty-three sites were
sampled with as many as 7 samples collected across the vein at any one sample site where
multiple banding was observed. Two levels at the 70 and 124 meter depths were sampled with
some intervening collections down the shaft access. Samples from the 124 meter level were
particularly enriched in gold and silver with six of the samples containing more than 9 g/t gold and
ranging from 9.17 to 16.3g/t. Silver values for all 13 samples collected on the 124 meter level
averaged 108 g/t. Vein widths range from 20 cm to 1.2 meters.
November 15, 2007
ROMARCO IDENTIFIES 8 ZONES– UP TO 50 G/T AU AND 160 G/T AG AT
PINOS GOLD DISTRICT, ZACATECAS MEXICO
ROMARCO MINERALS INC. (TSXV: R) is pleased to report that having satisfied it’s work
pursuant to a JV option on the northern extension of the Cinco Estrellas Vein (representing 4%
of the landholdings) the company is rapidly progressing with the investigation and exploration of
the remaining portion of the claim block which includes three additional vein systems. All
existing historical data is being incorporated into the Romarco data base. A 3-dimensional
model is being developed and the work is identifying highly prospective zones with both lateral
and vertical continuity that will be targeted in Romarco’s upcoming drill program. Underground
channel sampling of the Cinco Estrellas and La Paz Veins has been completed. Underground
channel sampling of the San Ramon vein is well advanced and sampling of the Candelaria vein
is scheduled to commence shortly. The San Ramon and Candelaria vein systems were the host
of the majority of the past production by the Spanish and Cornish miners during the late 1800’s.
The target zones identified to date by Romarco are summarized below:
1) The San Luis Mine in The Cinco Estrellas vein system includes a zone from the 128
meter shaft crosscut extending 30 meters northward along the vein system and down dip
for 9.3 meters. This represents the deepest level exposure of the Cinco Estrellas.
Assays range from 2.7 to 10.9 g/t Au and 32 to 180 g/t Ag with averages for the zone
being 7.6 g/t Au and 106 g/t Ag.
2) The La Paz vein system between the Quatro and Las Josefinas shafts on the 55 meter
level includes an 80 meter zone along strike with assays ranging between 10 and 50.7
g/t Au and 11 to 59 g/t Ag.
3) The Arandas area of the Cinco Estrellas vein system includes a zone 90 meters long on
a 1 meter wide vein segment under old stopes on the 75 meter level containing precious
metal values ranging from 5 to 32 g/t Au and 10 to 150 g/t Ag with assays averaging
13.4 g/t Au and 77 g/t Ag.
4) In the San Ramon shaft area of the San Ramon vein system a zone 100 meters long on
a 0.3 meter wide vein segment on the 100 meter level with values ranging from 2.64 to
30 g/t Au and 45.6 to 161.2 g/t Ag. Average of the 30 channel samples in this area
graded 9.1 g/t Au and 78 g/t Ag.
- 2 -
5) In the Dolores Shaft area of the San Ramon vein system a zone 50 meters long on a 0.5
meter wide vein segment on the 40 meter level tunnel with precious metals averaging
8.5 g/t Au and 120 g/t Ag.
6) In the Candelaria Mine, an area of 100 meters of extensive underground development
and stoping indicates a historic productive system is untested below the water table in
that location. is also considered at this point to be a priority target because of the high
volume of Cornish era mining in underground stopes illustrated in old mapping.
7) In the Penitas Mine on the Cinco Estrellas system, a three meter wide, high level,
banded vein containing visible gold was only surficially exploited in historic times and is
considered by Romarco exploration staff to be an excellent exploration opportunity at
similar levels to targets at Arandas and San Luis along the same trend.
8) Other secondary targets for further development occur at the Santos Tomas Mine on the
La Paz system, San Gil Mine on the La Paz system, General Mineon the Candelaria
vein system, and the Hermillio vein system south of Candelaria.
Recent geochemical assaying of the underground samples has identified that historic
excavation has been quite high in the hydrothermal system and that precious metals values
should strengthen with depth into the center or bottom of the hydrothermal boiling system that
created the gold mineralization.
Once the mapping and sampling of the Candelaria vein system has been completed and all drill
targets have been identified Romarco will prepare its 2008 Pinos Project drill program. Permits
will be obtained and drilling should commence late in the 1st Quarter or early 2nd Quarter of
2008.
ROMARCO IDENTIFIES 8 ZONES– UP TO 50 G/T AU AND 160 G/T AG AT
PINOS GOLD DISTRICT, ZACATECAS MEXICO
ROMARCO MINERALS INC. (TSXV: R) is pleased to report that having satisfied it’s work
pursuant to a JV option on the northern extension of the Cinco Estrellas Vein (representing 4%
of the landholdings) the company is rapidly progressing with the investigation and exploration of
the remaining portion of the claim block which includes three additional vein systems. All
existing historical data is being incorporated into the Romarco data base. A 3-dimensional
model is being developed and the work is identifying highly prospective zones with both lateral
and vertical continuity that will be targeted in Romarco’s upcoming drill program. Underground
channel sampling of the Cinco Estrellas and La Paz Veins has been completed. Underground
channel sampling of the San Ramon vein is well advanced and sampling of the Candelaria vein
is scheduled to commence shortly. The San Ramon and Candelaria vein systems were the host
of the majority of the past production by the Spanish and Cornish miners during the late 1800’s.
The target zones identified to date by Romarco are summarized below:
1) The San Luis Mine in The Cinco Estrellas vein system includes a zone from the 128
meter shaft crosscut extending 30 meters northward along the vein system and down dip
for 9.3 meters. This represents the deepest level exposure of the Cinco Estrellas.
Assays range from 2.7 to 10.9 g/t Au and 32 to 180 g/t Ag with averages for the zone
being 7.6 g/t Au and 106 g/t Ag.
2) The La Paz vein system between the Quatro and Las Josefinas shafts on the 55 meter
level includes an 80 meter zone along strike with assays ranging between 10 and 50.7
g/t Au and 11 to 59 g/t Ag.
3) The Arandas area of the Cinco Estrellas vein system includes a zone 90 meters long on
a 1 meter wide vein segment under old stopes on the 75 meter level containing precious
metal values ranging from 5 to 32 g/t Au and 10 to 150 g/t Ag with assays averaging
13.4 g/t Au and 77 g/t Ag.
4) In the San Ramon shaft area of the San Ramon vein system a zone 100 meters long on
a 0.3 meter wide vein segment on the 100 meter level with values ranging from 2.64 to
30 g/t Au and 45.6 to 161.2 g/t Ag. Average of the 30 channel samples in this area
graded 9.1 g/t Au and 78 g/t Ag.
- 2 -
5) In the Dolores Shaft area of the San Ramon vein system a zone 50 meters long on a 0.5
meter wide vein segment on the 40 meter level tunnel with precious metals averaging
8.5 g/t Au and 120 g/t Ag.
6) In the Candelaria Mine, an area of 100 meters of extensive underground development
and stoping indicates a historic productive system is untested below the water table in
that location. is also considered at this point to be a priority target because of the high
volume of Cornish era mining in underground stopes illustrated in old mapping.
7) In the Penitas Mine on the Cinco Estrellas system, a three meter wide, high level,
banded vein containing visible gold was only surficially exploited in historic times and is
considered by Romarco exploration staff to be an excellent exploration opportunity at
similar levels to targets at Arandas and San Luis along the same trend.
8) Other secondary targets for further development occur at the Santos Tomas Mine on the
La Paz system, San Gil Mine on the La Paz system, General Mineon the Candelaria
vein system, and the Hermillio vein system south of Candelaria.
Recent geochemical assaying of the underground samples has identified that historic
excavation has been quite high in the hydrothermal system and that precious metals values
should strengthen with depth into the center or bottom of the hydrothermal boiling system that
created the gold mineralization.
Once the mapping and sampling of the Candelaria vein system has been completed and all drill
targets have been identified Romarco will prepare its 2008 Pinos Project drill program. Permits
will be obtained and drilling should commence late in the 1st Quarter or early 2nd Quarter of
2008.
JUNE 28, 2007
ROMARCO DRILLING RETURNS 19 G/T GOLD
AT PINOS GOLD DISTRICT, MEXICO
ROMARCO MINERALS INC. (TSXV: R) is pleased to announce results from its initial drilling
program and underground vein channel sampling program at the Pinos Gold District in Mexico.
Historically, the Pinos district produced 5 million ounces of gold and 25+ million ounces of silver
(reported by Bethlehem Steel) all from above the water table (100 meters in depth).
Romarco’s initial drilling has concluded that the veins extend at least 250 meters below surface
(150 meters below the historic mining levels) and additional veins that do not outcrop at surface
have been identified at depth.
Due to the nature of the agreements on the property, Romarco was required to focus its initial
drilling on the 50/50 Joint Venture ground with Minera Apolo. This area represents only 4%
(138 hectares) of the total land package. Romarco has 100% interest in the remaining land
package (3,000 hectares) and will begin drilling that area prior to year end.
The initial drilling was comprised of 8 holes, with one or multiple veins being intersected in 7 of
the 8 holes. Hole 5 returned the best intercepts with an 8.5 meter wide vein (see intercepts
below).
Romarco is continuing a comprehensive drilling and sampling program at the Pinos Gold District
and is evaluating the potential of test mining the Penitas Vein which outcrops at surface and
returned grades of 7 g/t gold and 189 g/t silver. The Penitas Vein is located on Romarco’s 100%
ground and represents the southern extension of a 2 kilometer Cinco Estrellas vein system that
includes Tannous zone at the north end (core drilled area) and the San Luis-San Miguel-Guapo
zones in the central portion (current underground channel sample.
Hole No. Intercept (m) Gold (g/t) Silver (g/t)
R-DDH-01-07 1.41 0.07 5
R-DDH-02-07 0.12 3.4 8
0.32 0.6 5
R-DDH-03-07 0.9 0.34 8
R-DDH-04-07 1.61 0.1 6
R-DDH-05-07 6.05 5.16 19
0.76 19 8
- 2 -
Hole No. Intercept (m) Gold (g/t) Silver (g/t)
R-DDH-06-07 No Veining
R-DDH-07-07 3.29 0.05 19
R-DDH-08-07 1.0 0.37 8
Drilling in a vein system establishes continuity and vein widths at depth, sampling establishes
vein grades. Romarco has a team of underground samplers on the property accessing the 30,
70 and 100 meter levels utilizing existing shafts and sampling along previously mined as well as
un-mined veins.
The vein systems contain both coarse and fine gold. It should be noted that the veins sampled
contain wallrock fragments which dilute the overall precious metals values.
121 quartz and breccia vein samples were taken in late May and early June from accessible
levels of the San Luis Mine workings. 109 samples returned good gold mineralization averaging
2.77 g/t gold with a maximum of 15.2 g/t gold. 35 of 121 samples from the San Luis Vein system
returned over 3.0 g/t (the highest being 15 g/t gold & 78 g/t silver) in the ALS Chemex
gravimetric assaying. These 35 represent several loci of higher grade pods in the San Luis
workings. They average 5.5 g/t Au and 56 g/t Ag.
31 samples quartz vein and breccia samples were taken in December continuing in April from
the workings in the Tannous vein system within the area of the 8 hole core program. ALS
Chemex metallic screen analysis of 29 samples return good mineralization levels averaging 2.8
g/t gold with 41 g/t silver. The highest grade sample return 6.7 g/t gold and 18 g/t silver.
16 samples quartz breccia vein samples were taken in December 2006 from the Guapo, Infitita,
and San Miguel zones in the north part of the main Cinco Estrella vein system south of
Tannous. Chemex metallic screen analysis of 15 samples return good mineralization levels
averaging 3.8 g/t gold with 36.8 g/t silver.
Vein Location Gold (g/t) Silver (g/t)
San Luis Vein zone 109 samples over 0.4 g/t Au 2.78 33.4
35 samples over 3.0 g/t Au 5.55 56.2
SL-6A 7.05 72
SL-29 6.2 38
SL-45 4.2 176
SL-52 6.9 70
SL-58 15.2 118
SL-63 12.8 44
SL-71A 8.3 19
SL-74A 6.5 14
SL-90 4.0 128
SL-95 10.5 157
SL-96 8.6 140
SL-98 8.4 119
Tannous zone 29 samples over 0.4 g/t Au 2.8 41
- 3 -
Vein Location Gold (g/t) Silver (g/t)
17 samples over 2.0 g/t Au 3.9 37
T2-3 6.1 110
T3-1 5.9 37
T3-2 5.6 32
T3-5 6.7 18
T3-6 6.4 9.3
T3-7 6.6 11.3
Guapo, Infitita, San
Miguel zones 15 samples over 0.4 g/t Au 3.6 48
G-2 13.1 25
P-1 5.8 192
I-1 11.5 10
T1A-2 4.6 25
This underground sampling program has illustrated to Romarco that the levels of gold
mineralization is more robust in the central to southern limits of the Cinco Estrella system from
San Miguel to San Luis to Penitas zones. Romarco will focus work in the next couple months to
continue to evaluate these higher gold grade areas. It will also likely be the focus of new core
drilling in the 4th quarter of 2007.
Additional information on the Pinos Gold District, including maps and photos, is available at
Romarco’s website at www.romarco.com.
ROMARCO DRILLING RETURNS 19 G/T GOLD
AT PINOS GOLD DISTRICT, MEXICO
ROMARCO MINERALS INC. (TSXV: R) is pleased to announce results from its initial drilling
program and underground vein channel sampling program at the Pinos Gold District in Mexico.
Historically, the Pinos district produced 5 million ounces of gold and 25+ million ounces of silver
(reported by Bethlehem Steel) all from above the water table (100 meters in depth).
Romarco’s initial drilling has concluded that the veins extend at least 250 meters below surface
(150 meters below the historic mining levels) and additional veins that do not outcrop at surface
have been identified at depth.
Due to the nature of the agreements on the property, Romarco was required to focus its initial
drilling on the 50/50 Joint Venture ground with Minera Apolo. This area represents only 4%
(138 hectares) of the total land package. Romarco has 100% interest in the remaining land
package (3,000 hectares) and will begin drilling that area prior to year end.
The initial drilling was comprised of 8 holes, with one or multiple veins being intersected in 7 of
the 8 holes. Hole 5 returned the best intercepts with an 8.5 meter wide vein (see intercepts
below).
Romarco is continuing a comprehensive drilling and sampling program at the Pinos Gold District
and is evaluating the potential of test mining the Penitas Vein which outcrops at surface and
returned grades of 7 g/t gold and 189 g/t silver. The Penitas Vein is located on Romarco’s 100%
ground and represents the southern extension of a 2 kilometer Cinco Estrellas vein system that
includes Tannous zone at the north end (core drilled area) and the San Luis-San Miguel-Guapo
zones in the central portion (current underground channel sample.
Hole No. Intercept (m) Gold (g/t) Silver (g/t)
R-DDH-01-07 1.41 0.07 5
R-DDH-02-07 0.12 3.4 8
0.32 0.6 5
R-DDH-03-07 0.9 0.34 8
R-DDH-04-07 1.61 0.1 6
R-DDH-05-07 6.05 5.16 19
0.76 19 8
- 2 -
Hole No. Intercept (m) Gold (g/t) Silver (g/t)
R-DDH-06-07 No Veining
R-DDH-07-07 3.29 0.05 19
R-DDH-08-07 1.0 0.37 8
Drilling in a vein system establishes continuity and vein widths at depth, sampling establishes
vein grades. Romarco has a team of underground samplers on the property accessing the 30,
70 and 100 meter levels utilizing existing shafts and sampling along previously mined as well as
un-mined veins.
The vein systems contain both coarse and fine gold. It should be noted that the veins sampled
contain wallrock fragments which dilute the overall precious metals values.
121 quartz and breccia vein samples were taken in late May and early June from accessible
levels of the San Luis Mine workings. 109 samples returned good gold mineralization averaging
2.77 g/t gold with a maximum of 15.2 g/t gold. 35 of 121 samples from the San Luis Vein system
returned over 3.0 g/t (the highest being 15 g/t gold & 78 g/t silver) in the ALS Chemex
gravimetric assaying. These 35 represent several loci of higher grade pods in the San Luis
workings. They average 5.5 g/t Au and 56 g/t Ag.
31 samples quartz vein and breccia samples were taken in December continuing in April from
the workings in the Tannous vein system within the area of the 8 hole core program. ALS
Chemex metallic screen analysis of 29 samples return good mineralization levels averaging 2.8
g/t gold with 41 g/t silver. The highest grade sample return 6.7 g/t gold and 18 g/t silver.
16 samples quartz breccia vein samples were taken in December 2006 from the Guapo, Infitita,
and San Miguel zones in the north part of the main Cinco Estrella vein system south of
Tannous. Chemex metallic screen analysis of 15 samples return good mineralization levels
averaging 3.8 g/t gold with 36.8 g/t silver.
Vein Location Gold (g/t) Silver (g/t)
San Luis Vein zone 109 samples over 0.4 g/t Au 2.78 33.4
35 samples over 3.0 g/t Au 5.55 56.2
SL-6A 7.05 72
SL-29 6.2 38
SL-45 4.2 176
SL-52 6.9 70
SL-58 15.2 118
SL-63 12.8 44
SL-71A 8.3 19
SL-74A 6.5 14
SL-90 4.0 128
SL-95 10.5 157
SL-96 8.6 140
SL-98 8.4 119
Tannous zone 29 samples over 0.4 g/t Au 2.8 41
- 3 -
Vein Location Gold (g/t) Silver (g/t)
17 samples over 2.0 g/t Au 3.9 37
T2-3 6.1 110
T3-1 5.9 37
T3-2 5.6 32
T3-5 6.7 18
T3-6 6.4 9.3
T3-7 6.6 11.3
Guapo, Infitita, San
Miguel zones 15 samples over 0.4 g/t Au 3.6 48
G-2 13.1 25
P-1 5.8 192
I-1 11.5 10
T1A-2 4.6 25
This underground sampling program has illustrated to Romarco that the levels of gold
mineralization is more robust in the central to southern limits of the Cinco Estrella system from
San Miguel to San Luis to Penitas zones. Romarco will focus work in the next couple months to
continue to evaluate these higher gold grade areas. It will also likely be the focus of new core
drilling in the 4th quarter of 2007.
Additional information on the Pinos Gold District, including maps and photos, is available at
Romarco’s website at www.romarco.com.
MARCH 27, 2007
ROMARCO DIVESTS OF CORI PUNCHO INTEREST;
ROMARCO DRILLING UPDATE
ROMARCO MINERALS INC. (TSXV: R) announces that it has divested of it’s 50% interest in
the Cori Puncho Gold Project in Peru to it’s Joint Venture partner New Dimension Resources
Ltd. (TSXV:NDR).
Romarco will retain a 5% NSR on the project for as long as the project is held by New
Dimension. In the event New Dimension enters into a Joint Venture with another party,
Romarco has the ability to re-coup its initial investment by receiving 25% of any cash proceeds
to New Dimension up to a maximum of US$100,000. Romarco has written-off the associated
deferred costs of $389,662 as at December 31, 2006.
Divesting of this interest allows Romarco to focus on its Pinos Gold Project in Mexico and its
Nevada exploration projects.
Pinos Drilling Update:
Romarco has completed five holes to date and has assays pending. Hole PDDH-5 intersected
an 8.5 meter wide vein and the drill hole ended in vein – see photos on Romarco’s website
(www.romarco.com). Four of the five drill holes have intersected vein or stockwork vein which
confirms that the previously mined veins extended to at least 200 meters below the historic
workings (which ended at approximately 100 m). Hole PDDH-2 intersecting a cross-cutting fault
and missed the vein intersected in Hole PDDH-1 from the same location. Romarco is
continuing to sample underground and outcropping veins on the project area – one in particular
is the Penitas Vein (on Romarco’s 100% property). The Penitas Vein is a 7.5 meter wide vein
exposed at surface. Initial channel sample results returned an average of 6 g/t gold and 190 g/t
silver.
ROMARCO DIVESTS OF CORI PUNCHO INTEREST;
ROMARCO DRILLING UPDATE
ROMARCO MINERALS INC. (TSXV: R) announces that it has divested of it’s 50% interest in
the Cori Puncho Gold Project in Peru to it’s Joint Venture partner New Dimension Resources
Ltd. (TSXV:NDR).
Romarco will retain a 5% NSR on the project for as long as the project is held by New
Dimension. In the event New Dimension enters into a Joint Venture with another party,
Romarco has the ability to re-coup its initial investment by receiving 25% of any cash proceeds
to New Dimension up to a maximum of US$100,000. Romarco has written-off the associated
deferred costs of $389,662 as at December 31, 2006.
Divesting of this interest allows Romarco to focus on its Pinos Gold Project in Mexico and its
Nevada exploration projects.
Pinos Drilling Update:
Romarco has completed five holes to date and has assays pending. Hole PDDH-5 intersected
an 8.5 meter wide vein and the drill hole ended in vein – see photos on Romarco’s website
(www.romarco.com). Four of the five drill holes have intersected vein or stockwork vein which
confirms that the previously mined veins extended to at least 200 meters below the historic
workings (which ended at approximately 100 m). Hole PDDH-2 intersecting a cross-cutting fault
and missed the vein intersected in Hole PDDH-1 from the same location. Romarco is
continuing to sample underground and outcropping veins on the project area – one in particular
is the Penitas Vein (on Romarco’s 100% property). The Penitas Vein is a 7.5 meter wide vein
exposed at surface. Initial channel sample results returned an average of 6 g/t gold and 190 g/t
silver.