SHARES OUTSTANDING: 78,000,000 Approx.
FLOAT: 49,000,000 Approx.
STOCK SYMBOLS: RSM.V and RYSMF-OTCBB
RSM: Goldwedge
Project Progress, Nye County,
Nevada And Other News
Monday
May 21, 9:00 am ET
MANHATTAN, NEVADA--(CCNMatthews -
May 21, 2007) - Royal Standard Minerals Inc. ("RSM")(TSX VENTURE:RSM - News; OTCBB:RYSMF
- News). Plant operations
at Goldwedge have indicated steady progress since late April, 2007 and regular
improvements with level of plant throughput of stockpiled material. The Company
is making preparations to have a gold pour before the end of May, 2007.
RSM has
started a surface drilling program at Goldwedge with the first drill hole to test
the down plunge, untested portion of the gold system toward the northwest. This
drill hole is also designed to test the relationships between the large
magnetic anomaly and the structures that host the gold system. The work is
expected to yield important information regarding the depth extent of the gold
mineralization in this area and the possible source of the gold system.
The Company
is in discussions with a major international bank with the intent of obtaining
up to a US $50 million senior secured loan facility. The final terms and
conditions are subject to management/director and bank approvals.
At the Fondaway Canyon gold property, the Company has
decided to pursue the evaluation of an existing heap leach pad on the property.
RSM's environmental consultant will be involved with obtaining a permit to
drill test the former Tenneco Minerals heap leach pad. If test results are
positive. RSM will make plans to re-permit a new leach pad at this site before
pursuing the previously proposed underground program.
The Canadian
Venture 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.
C.U.S.I.P. #
780919106 LISTED: STANDARD & POORS
Contact:
Roland Larsen
Royal Standard Minerals
qualified person, NI-43-101
775-487-2454
775 -487-2460 (FAX)
RoyalStandardMinerals.com
Source: Royal
Standard Minerals Inc.
Further information about
this report contact Rich Kaiser, 800-631-8127, yes@yesinternational.com