| ROMARCO FILES INFORMATION CIRCULAR AND PROVIDES HAILE CONSTRUCTION UPDATE | |
| | |
|
|
|
TORONTO, Aug. 24, 2015 /CNW/ - ROMARCO MINERALS INC. (TSX: R) (the "Company" or "Romarco") is pleased to announce that it has filed the Information Circular in connection with the previously announced transaction (see July 30, 2015 news release) whereby OceanaGold Corporation will acquire all outstanding shares of Romarco by way of a plan of arrangement under the Business Corporations Act (British Columbia). The Information Circular is available on SEDAR at www.sedar.com and on the Company's website at www.romarco.com
The Company is also pleased to provide an update on construction progress at its Haile Gold Mine project in South Carolina, USA. The project is currently tracking on budget and schedule. Recent highlighted activities include:
-
The storm water management controls are complete at the plant site and plant site excavation has commenced
-
The civil works for the Water Treatment Plant was completed in July 2015
-
The depressurization wells around the Mill Zone pit area started pumping in July 2015 and are now producing water for construction and the water flows are tracking consistently with the Company's hydrology modeling work completed during the feasibility and permitting process
-
Pit development is progressing ahead of schedule. At July 31, 2015, approximately 163,112 metric tonnes (179,800 short tons) of overburden have been mined versus plan of 99,790 metric tonnes (110,000 short tons)
-
The Hitachi shovel has been received and assembled
About Romarco Minerals Inc.
Romarco Minerals Inc. is a gold development company focused on production primarily in the US. The Company has completed a positive Feasibility Study, received all major permits, secured financing and has commenced construction of its flagship project, the Haile Gold Mine in South Carolina. The Company's current construction schedule contemplates first production during the fourth quarter of 2016.
SOURCE ROMARCO MINERALS INC.
|
|
|
|
|
VanEck Vectors Global Alternative Energy ETF
|
|
EN DÉVELOPPEMENT |
CODE : R.TO |
ISIN : CA7759032062 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Romarco Min. est une société d’exploration minière d'or basée au Canada. Romarco Min. détient divers projets d'exploration au Mexique. Son principal projet en développement est HAILE en USA et ses principaux projets en exploration sont PINE GROVE en USA et PINOS GOLD DISTRICT au Mexique. Romarco Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 474 422 (538 219 US$, 447 798 €). La valeur de son action a atteint son plus haut niveau récent le 12 novembre 2010 à 2,88 , et son plus bas niveau récent le 01 janvier 2018 à 0,01 . Romarco Min. possède 47 442 200 actions en circulation. |