ROYAL STANDARD MINERALS INC.
SYMBOLS: RSM-TSXV (Toronto Venture
Exchange)
RYSMF- OTCBB (US OTCBB)
WWW.ROYALSTANDARDMINERALS..COM
GOLDWEDGE
PROGRESS, NYE COUNTY, NEVADA
for immediate release
Royal Standard Minerals Inc.,
“RSM”, January 29, 2008 Manhattan, Nevada, The Company is currently in a
renewal phase of its mining permit for the Goldwedge project with the
State of Nevada. This renewal includes plans for the expansion of the
mine dump and a surface water disposal area for water pumped from the mine and
two dewatering wells that are to be drilled, hopefully in February, to dewater
the mine area from the surface. These wells are expected to significantly
reduce the amount of water that will have to be pumped to the surface from the
underground operation. A new underground power system is currently being
installed, according to qualified person, Roland M. Larsen.
Additionally,
permitting of other RSM controlled projects that contain drill indicated
quality gold-silver grades within the Manhattan
district will be initiated this year. These projects within <1-2 miles
of the Goldwedge property are expected to supply additional feed material to
the Goldwedge plant as soon as the mining permits are completed. The
permitting process will commence after the renewal permit is achieved for
Goldwedge indicated above.
The
Goldwedge development program has been operating more or less continuously
during the fourth quarter, 2007. The project was closed down during the last
two weeks of December, 2007, cold weather and the holiday season were
factors. We have had a slow start in January, 2008 due to cold weather
and unusual snow accumulation, additional winterizing of the plant water system
has been completed.
The plant
throughput has not improved beyond the results achieved in early November as
screen tests have indicated that the grind of the feed material needs further
improvement. The current grind with the reduced throughput of 200 tons per day
is approximately 80% minus 65 mesh, the objective is to achieve at least 80%
minus 100 mesh result for these tests at a much higher production rate. More
improvements will be made to achieve acceptable liberation of the gold from the
rock and to maximize plant throughput before adding a flotation circuit.
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, Qualified Person NI-43-101 @ (775) 487-2454
or FAX @ (775) 775-2460
Visit our
website at Royal-Standard.com
RSM.TSXV/
RYSMF.OTCBB
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