ROYAL STANDARD MINERALS INC.
SYMBOLS: RSM-TSXV (Toronto Venture
Exchange)
RYSMF- OTCBB
(US OTCBB)
Royal Standard Minerals Inc.:
Drilling Continues on the Railroad Porphyry/Skarn Copper Oxide and Molybdenum Project Elko County, Nevada
(Adjacent to and south of near surface gold oxide deposits on the
railroad property, Elko County Nevada)
MANHATTAN, NEVADA--(MARKET WIRE)--Jan 10, 2008 -- ROYAL
STANDARD MINERALS INC. ("RSM") (CDNX:RSM.V - News)(OTC BB:RYSMF.OB - News) as previously reported
in a press release dated, January 16, 2007, eight drill holes intersected long
sections of copper oxide and precious metals mineralization during the gold
exploration effort within an area north and south of the Bald Mountain fault
(BMF). In addition to these metals significant amounts of molybdenum occurs
within and flanking the copper intervals, RSM's current effort is concentrated
north of the BMF according to Qualified Person, Roland M. Larsen. The current
target area north of the BMF includes more than a square mile area with
significant copper, molybdenum (and precious metal) intercepts, selected intervals
are listed as follows:
North of Bald Mountain Fault:
RR99-14 100 feet of 0.630 % copper @ 425’- 525’
245 feet of 0.0365 % molybdenum @300’- 545’
RR-99-16 225 feet of 0.270 % copper @ 325’-550’
100 feet of 0.0033 % molybdenum @ 525’- 625’
RR99-17 400 feet of 0.432 % copper @650’-1040’
550 feet of 0.0194 % molybdenum @ 450’- 1000’
(Includes 175’ of 0.0383 % molybdenum @ 450’-625’)
RR99-19 50 feet of 0.834 % copper @ 1200’- 1250’
50 feet of 0.0036 % molybdenum @ 1100’- 1150’
55 feet of 0.0036 % molybdenum @ 1200’- 1255’
RR99-46 165 feet of 0.38 % copper @350’-550’
225 feet of 0.0041 % molybdenum @ 300’- 525’
RR98-49 250 feet of 0.262 % copper, includes 70 feet of 0.11 opt gold
@ 1000’-1250’
350 feet of 0.0072 % molybdenum @ 825’- 1175’
(Includes 70’ of 0.0132 % molybdenum @ 1075’- 1145’)
RR98-54 185 feet of 0.212 % copper @ 875’- 1060’
(Bottomed in 0.42 % copper)
South of Bald Mountain Fault:
RR97-50 50 feet of 0.9 % copper @ 100'- 150'
70 feet of 0.085 opt gold @ 75'- 145'
RR97-49 25 feet of 0.38 % copper @ 125'- 150'
(Bottomed in 0.38 % copper)
100 feet of 0.0194 % molybdenum @ 50'- 150'
RRAR-8 75 feet of 0.596 % copper @ 45'- 120'
RRAR-7 113 feet of 0.61 % copper @ 7'- 120'
238 feet of 0.0386 % molybdenum @ 22'- 260'
83 feet of 0.10 opt gold @ 37'- 120'
RRAR-6 183 feet of 0.28 % copper @ 7'- 190'
(Includes 45' of 0.75 % copper @ 22'- 67'
60 feet of 1.5 % zinc @ 52'- 112'
The
mineral system appears from the drilling results to be open in several directions
including south of the BMF. The initial focus of the RSM copper,
molybdenum-gold exploration effort has been to offset some of the drill holes
listed above, initially toward the south of the near surface gold deposits that
are under study for future development north of the BMF. The copper-molybdenum
system appears to be open also toward the west and north. Plans include
drilling the next two drill holes toward the west and southwest of the previous
drilling with the objective of expanding the mineralized zone into those areas.
RSM
exploration core drilling commenced on the Railroad Project, located in Elko
County during the late summer-early fall with the initiation of five (5)
shallow core drill holes to include RR-07-01, 02, 03, 03B and 04 located north
of the Bald Mountain fault. These drill holes represent two offsets one
(RR-07-01) 330 feet east of previously drill tested areas and a second
(RR-07-03B) located approximately 935 feet south of drill hole KC-99-17. Drill
hole RR-07-04 is collared about 500 east of drill hole KC99-17. All of these
holes (except 1 and 3 which were lost due to bad ground conditions) will be
extended to depth to test for deeper copper-molybdenum and precious metal
mineralization.
The
results of RSM's latest drilling indicates that the copper (and molybdenum)
zone has been extended some 935 feet south of the previous drilling activity,
north of the Bald Mountain Fault as follows:
RR-07-02 50 feet of 0.24 % copper @ 475'- 525'
196 feet of 0.0281 % molybdenum @ 400'- 596'
RR-07-03B 50 feet of 0.28 % copper @ 80'- 130'
50 feet of 0.195 opt silver @ 80'- 130'
RR-07-04 60 feet of 0.38 % copper @ 295'- 355'
120 feet of 0.0297 % molybdenum @ 240'- 360'
Future
core drilling will be completed by the Company, utilizing two Company owned
core drilling rigs. The present plan is to lengthen RR-07-02 & RR-07-04 to
at least 1200' to intersect the interval where deeper copper mineralized zone
that was penetrated by previous drilling. Exploration drilling will continue on
500' centers toward the west and north to better define the limits of the
copper-molybdenum and precious metal mineralized zones north of the Bald Mountain
fault. Drilling will also be conducted along the prospective Bald Mountain
Fault Zone which exhibits a strike length of over 7,000 feet.
The
Company believes that there is an indication from the drilling and the results
of chemical analytical results that this area on the order of two (2) or more
square miles is prospective for poryhyry skarn-type
copper-molybdenum-gold/silver deposits north and south of the BMF. RSM is very
encouraged in regard to the magnitude (aerial dimensions)of the system and the
attractive group of metals that are occurring within this intrusive-skarn
system in this area.
The
Railroad Mining District is represented within the northern portion of the
approximately 20,000 acre land package contained within the Pinon-Railroad
project areas located south of Newmont Gold's Rain mining district in Elko,
County, Nevada. RSM has a 100% interest in these projects have concentrated
upon the proposed development of an open pit oxide and exploration for deeper
underground potential targets for Carlin-type gold-silver deposits. RSM is
currently engaged in the Federal and State permit process to develop several
near surface Pinon project oxide gold-silver deposits on this property package
according to Roland M. Larsen, Qualified Person, NI- 43-101.
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.
C.U.S.I.P.
# 780919106
The Canadian Venture Exchange does not accept responsibility for adequacy or
accuracy of this release as per Exchange Policy 3.3 section 6.5.
Contact:
Contacts:
YES INTERNATIONAL, INVESTOR RELATIIONS, RICH KAISER, 800-631-9127
Royal Standard Minerals Inc.
Roland Larsen
Qualified Person, NI-43-101
775-487-2454
775-487-2460 (FAX)
http://www.royalstandardminerals.com
WWW.ROYALSTANDARDMINERALS..COM
If you would like further information about this release contact YES INTERNATIONAL 757-306-6090. If you received this email in error or would like to be removed from database, SEND ‘REMOVE-RSM’ to yes@yesinternational.com and/or call 757-306-6090.
RSM.TSXV/ RYSMF.OTCBB
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