ROYAL STANDARD MINERALS INC.
SYMBOLS: RSM-TSXV (Toronto Venture
Exchange)
RYSMF- OTCBB (US OTCBB)
WWW.ROYALSTANDARDMINERALS..COM
C.U.S.I.P. # 780919106
tsx.v:rsm
Listed: Standard & Poors
OTCBB:RYSMF
RSM
Activities at the Goldwedge Project, Nye County, Nevada
for immediate release
Royal Standard Minerals Inc.,
“RSM”, April 24, 2008 Manhattan, Nevada, The Company has completed plans for
the construction of the first dewatering well and three monitoring wells,
drilling has commenced. The permitting process is currently in progress
to include the permit renewal and modifications to the surface water discharge
permit of mine water and plant modifications. We expect to commence the
underground dewatering program in April, 2008, according to Qualified Person,
Roland M. Larsen.
The plant
is currently processing gold mineralized material at a throughput rate of
approximately 300 tons per day. This rate is expected to increase to
about 400 tons per day with one 9-hour shift. We are taking applications for a
night shift, there is a shortage of skilled employees in this area, however we
expect to have a night shift within 30 days. Adjustments to the plant
have resulted in improvements in gold (gravity) recovery that is close to 70
percent with the installation of additional high gravity concentrators and
increasing the regrind program. The plant will currently produce
approximately one ton of gold concentrate every week from the low grade stockpile.
The plan is to increase gold concentrate production to about 1.5 tons per week
or approximately 6 tons per month to a processing facility. During the
second quarter the total contained gold (dore’)
ounces will range from 30 to 500 ounces per ton gold depending upon the head
grade (feed) going into the plant during a given period of time. Our
objective is to improve upon the head grade and to maintain an acceptable daily
production level as we move forward with this project.
The Company
has made arrangements to send all of its concentrates to be processed by an
independent laboratory to produce dore’ that
will be sent back to the Company to our in-house assay laboratory. Once
assayed we will send the dore to a third party for
further refining to produce a finished (999) fine gold and silver
product.
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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