Canadian Mining Journal

News

GOLD RESOURCE: Haile resource grows to 4.0-M oz

SOUTH CAROLINA - Romarco Minerals of Toronto, has updated the resource estimate for its Haile gold mine in Lancaster County. Measured and indicated resources increased 29% to 4.0 million oz of gold in 53.4 million tonnes averaging 1.82 g/t Au....



SOUTH CAROLINA – Romarco Minerals of Toronto, has updated the resource estimate for its Haile gold mine in Lancaster County. Measured and indicated resources increased 29% to 4.0 million oz of gold in 53.4 million tonnes averaging 1.82 g/t Au. The inferred resource is 20.1 million tonnes averaging 1.24 g/t Au or 801,000 contained oz.

The numbers are contained in both open pit and underground block models and included recent drill hole assays as updated lithologic interpretation. Pit resources include the Champion, 601, Small, South Pit, Ledbetter, Snake, Mustang and a significant portion of the Horseshoe zones. Underground resources are found in the Palomino and parts of the Snake and Horseshoe zones.

Romarco has posted a photo gallery from the Haile project at Romarco.com.