SOURCE: Royal Standard Minerals, Inc.
November 03, 2009 09:37 ET
ROYAL STANDARD MINERALS, INC.'s (RYSMF) Current Activities at Goldwedge and Manhattan District, Nye County, Nevada
MANHATTAN, NV--(Marketwire - November 3, 2009) - Royal Standard Minerals, Inc. (OTCBB: RYSMF),
announces that it is continuing with an evaluation program of the geologic
and analytical data for the
Goldwedge property. This program includes a complete analysis of the
surface drilling and underground sampling data, the re-evaluation of the
geology and the structural interpretations. This effort should confirm or
slightly adjust the established relationships within the near surface
portion of the deposit development where the structural zone and gold
mineralization outcrops in this area. This portion of the deposit was
placer mined and experienced some shallow underground mining more than 70
years ago. This work in conjunction with the surface drilling results
should yield support for a model of the gold system at depth that will
support the upcoming deeper development program. At this point the decline
and crosscut development has achieved a depth of approximately 280 feet
below the surface, the uppermost portion of the gold mineralized system.
In the Manhattan District, the Company is continuing with an evaluation of
the available geologic data for all of its current property holdings as a
means to identify the initial properties that will be selected for more
detailed evaluations going forward. These properties will become high
priority projects for permitting and development as a feed source for the
Goldwedge plant.
RYSMF (C.U.S.I.P780919106) is a natural resource exploration and
development company, www.royalstandardminerals.com
For
further information contact Mr. Roland Larsen, (775) 487-2454 and/or
RedChip Companies, Inc., Brad Kline, 1-800-733-2447and/or Mr. Rich Kaiser,
Corporate 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.