ROYAL STANDARD MINERALS, INC.
ROYAL STANDARD MINERALS, INC. (RYSMF) Announces Exploration Plans
for Pinon and Darkstar Projects, Elko County, Nevada
Manhattan, Nevada, October 27, 2009, Royal
Standard Minerals, Inc. (RYSMF-OTCBB) has completed a study of its Pinon and Darkstar
properties in Elko County, Nevada and has identified a number of new drill
targets that have potential to be additive to the current near surface
gold-silver resources at Pinon and Darkstar and for deep, underground, ?new?
gold resources. The development of new drill targets during this phase of
study concentrated on those areas in close proximity to the measured near
surface oxide gold-silver deposits to include the Pinon Property -Main Zone and
North Pod and the Darkstar deposits. (There projects are currently under
evaluation for near term development as an open pit heap leach operation by
RYSMF).
The
regional exploration within the Carlin Trend over the past 20 years has resulted in the discovery of
deeper (underground) high grade (0.4-1 opt) multimillion ounce gold deposits
such as the Deep Star, Meikle and Rain-extension gold deposits. These
structurally controlled deposits are frequently associated with or in close
proximity to near surface open pit gold deposits. On the RYSMF property
position there is geo-technical support from drilling, geologic, geochemical
and geophysical data that continued exploration may result in the discovery of
larger deposits that are not exposed at the surface.
The
initial exploration effort on the RYSMF land package will focus on northwest,
north and northeasterly fault controls to help guide the development and
testing of targets where previous drill data and down dip down plunge
extensions of existing deposits indicates the presence of significant
persistent gold mineralization to depths greater than 1,500+ feet. A
second phase of the effort will involve a ?step out? drilling program to
explore for concealed underground deposits along strike and down dip within
prospective untested fault zones on the RSM property position.
Pinon Area NW Fault and Breccia Pipe
Trend-Southern Property Block
A large ?Rain-type? collapse breccia
occurs 1,000 feet south of the Pinion shallow oxide gold resource currently
under evaluation for possible production. In the (multi-million ounce)
Rain gold district, the occurrence of structurally controlled collapse breccias
are key elements in the development of open space for the introduction of
gold deposition and alteration events associated with west-northwest trending
fault zones. The collapse breccias occur within fault zones that can contain
deep mineralization developed within the Devils Gate Limestone.
On the RYSMF property, the first of
these collapse breccia structures was identified through drilling returning
deep gold mineralization that requires additional exploration. The most
significant mineralized section indicated to date in this breccia contains 110?
of 0.078 opt gold from 580-690 feet, 175 feet of 0.14 opt from 740?-915? drill
depth. Other drill holes returned 30? of 0.110 opt gold from 525-555 feet, and
to 0.25 opt gold in narrow fault controlled zones within the Devils Gate
Limestone. Past drilling tested only the northeastern portion of the
feature. RYSMF proposes to continue testing this structure for gold
deposits that are not exposed at the surface within the Devils Gate Limestone.
RYSMF
geophysical data has defined these collapse breccias as circular pipe-like
features approximately 2,000 feet in diameter, the northern portion of which
has been partially drill tested and is gold mineralized. A second
circular geophysical feature on the RSM property position occurs 2,000 feet WNW
of the first anomaly and is also about 2,000 feet in diameter and has never
been drill tested. RSM proposes to test this second circular geophysical
feature and the WNW fault zone that connects the collapse breccias. These
anomalies represent attractive deep Rain-type gold targets.
Darkstar
Project
The Darkstar gold-silver deposit is
located approximately one mile east of the Pinon Main zone deposit in Elko
County, Nevada. Darkstar is a near surface, potential open pit mineable
low grade (0.027 opt) gold/silver system. The property development area
has a defined antiformal shaped, 300 foot thick, zone of generally lower
grade gold that is somewhat bedding conformable gold
mineralization. This low grade zone is characterized by abundant
hydrothermal injection breccias and pervasive silicification. Higher
grades (0.15 opt) occur in the weakly and sporadically in the weakly silicified
hanging and footwall rocks. Higher gold grades are also hosted by
crosscutting, high angle fault zones.
Preliminary
metallurgical testing results on drill cuttings indicate that this gold
mineralization is amenable to direct cyanidation treatment indicate gold
recoveries ranged from 75% to 91.3% with a mean average recovery of 81.8% in 96
hours leaching. Gold recovery rates were fairly rapid and extraction and
was substantially completed from 6 to 24 hours. Cyanide consumption was
low. The preliminary metallurgical tests are very encouraging in regard
to gold recovery and the rate of recovery of gold and silver which is similar
to and better than the Pinon test results.
The
Darkstar mineralization is open on strike toward the north and south of the
currently know deposit. The metallurgical characteristics of this
mineralization are considered to be compatable with the Pinon main zone
deposits oxide gold-silver mineralization and can considered to be additive to
the Pinon deposits for a centrally located heap leach recovery system.
The
Company plans to drill test these targets in conjunction with the drilling
program designed to expand the near surface measured gold oxide deposits
currently under evaluation for possible development as soon as possible.
RYSMF (C.U.S.I.P780919106
is a natural
resource exploration and development company, www.royalstandardminerals.com
For further information about this release contact Mr.
Roland Larsen, (775) 487-2454 and/or Mr. Rich Kaiser, Communications
Coordinator, 800-631-8127.
Royal Standard Minerals cautions that the
statements made in this press release constitute forward- looking statements,
and no guarantees of future performance and actual results or developments may
differ materially from the projections in the forward-looking statements. Forward-looking
statements are based on the estimates and opinions of management at the time
the statements are made.
Contact:
Rich Kaiser
800-631-8127
http://finance.yahoo.com/q?s=RYSMF.OB