SYMBOLS: RSM-TSXV (Toronto Venture Exchange)
RYSMF- OTCBB (US
OTCBB)
Royal
Standard Minerals Inc.: Goldwedge Progress and Drilling Program at Pinon
Gold-Silver Project in Nevada
Oct
22, 2007 9:00:00 AM
MANHATTAN,
NEVADA--(Marketwire - Oct. 22, 2007) - ROYAL STANDARD MINERALS INC.,
"RSM" (TSX VENTURE:RSM)(OTCBB:RYSMF) The Goldwedge project
development program, Nye County, Nevada, has continued with further refinements
to the plant to include additional crushing/grinding capacity of the feed
material. During the past 2-3 weeks, we have installed a crusher/pulverizer
that is expected to reduce the minus 0.5 inch mill feed material to
approximately 60% minus 100 mesh before going to ball mill #1. This effort
should reduce the time necessary to grind the feed material to achieve maximum
liberation of the gold particles and improve gold recovery, take some of the
load off of the re-grind mill, ball mill # 2, and also allow for an increase in
plant hourly throughput going forward.
Pinon
gold-silver property, Elko County,
Nevada, the Company core drilling
program has recently been completed. The drilling program included the
completion of five (5) core holes within the proposed pit margins for the north
and main zones to acquire additional geologic data for the Water Pollution
Control Permit and the Plan of Operations/Reclamation Plan. In addition, a
drilling and sampling program of the proposed leach pad(s) was also completed
for this purpose.
The
core drill, a Company owned unit, has been moved to the Railroad project, also
in Elko County, to continue drill testing the Cu-Au, magnetite skarn targets
identified by the previously completed ground magnetics survey.
Fondaway Canyon
gold-tungsten property, Churchill
County, Nevada, the
sonic drilling program on the former Tenneco heap leach pad was completed in
mid-August, 2007. The chemical analysis of the leach pad drilling did not
return results that would warrant moving this material to a new pad. The plans
for this project are to continue a drilling program to target the near surface
bulk-tonnage gold potential and to further evaluate the underground potential
of this property.
RSM
is an exploration and development company with advanced gold projects in Nevada.
Royal
Standard Minerals cautions that the statements made in this press release and
other forward looking statements made on behalf of the Company may be affected
by such other factors including, but not limited to, volatility of mineral
prices, product demand, market competition, imprecision of mineral estimates,
and other risks detailed herein and from time to time in the Securities
and Exchange Commission filings of the Company.
The
TSX.V Exchange does not accept responsibility for adequacy or accuracy of this
release as per Exchange Policy 3.3 section 6.5.
FOR FURTHER INFORMATION PLEASE CONTACT:
Royal Standard Minerals Inc.
Roland Larsen
775-487-2454
Fax: 775-775-2460 (FAX)
www.Royal-Standard.com
Royal Standard Minerals Inc.
Mr. Rich Kaiser
Investor Relations
800-631-8127
Source: Royal Standard Minerals Inc.
WWW.ROYALSTANDARDMINERALS.COM
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