SOURCE: Royal Standard Minerals, Inc.
October 27, 2009 09:15 ET
Royal Standard Minerals, Inc. (RYSMF) Announces Exploration Plans for Pinon and Darkstar Projects, Elko County, Nevada
MANHATTAN, NV--(Marketwire - October 27, 2009) - Royal Standard Minerals, Inc. (OTCBB: RYSMF)
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 RedChip Companies, Inc., Brad Kline, 1-800-733-2447and/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.