NEVADA AND THE WESTERN STATES — Romarco plans to drill seven properties in Nevada

Romarco Minerals (R-T) is primed for a fast-paced summer exploration season, including drilling at seven Nevada gold properties.

The company expects to spend $6 million on exploration this year, and its joint-venture partners will contribute another $1.5 million.

Drilling kicked off at Romarco’s top project, the Midas property in northern Nevada, on April 28, since which time the company has completed seven reverse-circulation holes. Romarco plans to spend US$1 million this season to further evaluate hangingwall and footwall veins associated with the Gold Crown vein. Drilling will also test the Old Judge and Bill Vest claims, as well as the Unger fee land.

In April, consultants Mine Development Associates calculated that the Gold Crown vein contained a resource of 589,300 tons grading 0.61 oz. gold per ton and 6.87 oz. silver, for 442,000 contained ounces gold-equivalent. A cutoff grade of 0.25 oz. gold was used.

Romarco is now taking bids for a prefeasibility study on Midas.

In early April, Romarco began a drill program on the Converse gold property in Nevada’s Battle Mountain trend. So far, eight holes totalling 6,500 ft.

have been completed, and another 23,500 ft. of drilling is on tap.

Converse is a joint venture among Romarco, with 25%, Uranerz USA, a unit of German-owned Uranerzbergbau, with 25% and Newmont Gold (NGC-N), with 50%. Newmont is expected to take over operation of the joint venture from Uranerz by the end of the summer.

Romarco has also started drilling on its 2,220-acre Red Rock property, situated in the Walker Lane belt of western Nevada, near the California border.

Beneath several hundred feet of post-mineral gravels, a previous owner discovered high-grade gold mineralization in east-west-trending epithermal quartz-adularia veins. Drilling conducted in 1989 encountered a 25-ft.

interval grading 1.98 oz. gold per ton, as well as a 190-ft. interval grading 0.3 oz. gold.

Romarco plans 6,500 ft. of core and reverse-circulation drilling in an effort to expand the known mineralization at Red Rock.

Drilling is under way at the Golden Repeat-Jake Creek project, east of Midas. At Jake Creek, Romarco is earning a 51% interest from Echo Bay Mines (ECO-T). (Echo Bay refers to the asset as the Snowstorm project.) The Golden Repeat property, 100% held by Romarco, is contiguous with Jake Creek. Together they comprise 6,288 acres.

Romarco’s own Snowstorm project, a 60-40 joint venture with Crown Resources (CRO-T) covering 5,620 acres, is next in line for drilling after Golden Repeat-Jake Creek.

At the Ren property, a joint venture with Uranerz USA, trenching is expected to give way to drilling later this month.

Romarco also plans 8,000 ft. of drilling at its Red Hill property on the Battle Mountain trend this season.