ROYAL STANDARD MINERALS INC.
SYMBOLS:
RSM-TSXV (Toronto Venture Exchange)
RYSMF- OTCBB (US OTCBB)
WWW.ROYALSTANDARDMINERALS..COM
GOLDWEDGE
PROGRESS AND DRILLING PROGRAM AT RAILROAD COPPER-GOLD PROJECT, ELKO COUNTY, NEVADA
for immediate release
RoyalStandard Minerals Inc.,
“RSM”, November 19, 2007, Manhattan,
Nevada, The Goldwedge project development program, Nye County, Nevada,
has made significant progress toward developing a plant design that will
achieve the target production rate of 500 tons per day with acceptable gold
recoveries. The equipment to grind the feed material to achieve improved
liberation of the gold particles has been installed and operating since
mid-October, 2007. Roland M. Larsen, CEO has indicated that, “I
believe that we finally have the plant in a position to produce an acceptable
throughput and gold recoveries from the gravity circuit. The addition of
a flotation circuit in the future should enhance the gravity circuit gold
recoveries for the finer fractions.”
Mined and
stockpiled lower grade feed encountered during decline development is currently
supplying the plant and will continue until all of this material is
processed. The grade of the feed on a daily basis ranges from a low of
0.04 opt gold to 0.15 opt gold. The feed rate is currently about 350-400
tons per day. The plant is operating on a 12 hour/day schedule.
This effort also includes increasing the production rate over the next 1-2
months to 500+ tons per day. This rate will be increased incrementally
depending on the how the grinding equipment responds to increased
throughput.
The daily
gold concentrate production rate will range from 12 to a high of 51 ounces per
day at recovery rate of approximately 85 percent. A gold concentrate production
rate of 16-18 ounces per day is calculated to be close to the current daily
operating costs. The obvious trend is to move toward processing higher grade
material in order to achieve the desired gold production rate of 120-125 ounces
per day. This is expected to be blended ore that will include higher
grade and lower grade material to achieve the desired production rate and
balanced gold production.
Underground
much effort over the past month has involved the sizing for installation of a larger
underground power system to improve water pumping capability and upgrade our
ventilation, air supply, as we continue to go deeper with our development
program.
The
drilling program on the Railroad project Cu-Au, magnetite skarn project is currently
on the third drill hole. The first drill hole core has been split,
sampled and submitted for chemical analysis. The second drill hole core
is currently being sampled for laboratory analysis. The results of geologic log
analysis indicates that there is a potential for positive results due to
significant magnetite skarn development and possible base metal sulfide and
oxide minerals present within the section, chemical analysis will indicate what
metals are present.
All of the
Pinon Project core has been split and submitted for multi-element chemical
analysis to include a determination of the acid generating and neutralizing
potential of these rock units.
As a means
to accelerate the drilling activity on its properties the Company has recently
purchased another used core drill, surface drilling rigs for our current total
of two. The “new” drill is a “turn key” drill for
immediate use for deep drilling and will offer us much flexibility in terms of
how the Company pursues drill testing deep targets on its properties.
Initially, both drills will concentrate on the copper-gold skarn system at
Railroad, this work will also include some deep drilling under the Railroad
gold-silver system, near the Pod deposit.
RSM is an
exploration and development company with advanced gold projects in Nevada.
For further
information about this release contact Mr. Rich Kaiser, Investor Relations,
800-631-8127.
The TSX.V
Exchange does not accept responsibility for adequacy or accuracy of this
release as per Exchange Policy 3.3 section 6.5.
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.
For more information
Please call Roland Larsen @ (775) 487-2454 or FAX @ (775) 775-2460
If you would like further information about this release contact YES INTERNATIONAL 757-306-6090.
RSM.TSXV/
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