ROYAL STANDARD MINERALS, INC.
WWW.ROYALSTANDARDMINERALS..COM
SYMBOLS:
RSM-TSXV (Toronto Venture
Exchange)
RYSMF- OTCBB (US
OTCBB)
July 14, 2008
RSM PROGRESS AT GOLDWEDGE PROPERTY, NYE COUNTY, NEVADA
Royal Standard Minerals Inc., ?RSM?, July 14, 2008 Manhattan, Nevada, At Goldwedge, the program of
processing the low grade gold mineralized stockpiled material that was
mined during the development of the upper portion of the decline is near completion.
This material has been used to further the development and achieve the
necessary improvements to the plant configuration for the best gold recoveries
with the onsite gravity plant, according to Qualified Person, Roland M. Larsen.
The first shipment of gold
concentrates will be delivered this week for gold processing. This first
shipment includes more than 100
ounces in concentrate which is smaller than what was
previously announced, this is due to fact that it is the first shipment to the
outside laboratory. We are expecting more than a 98% recovery to gold
dore during the recovery process. A second shipment is planned for the
end of July or early August, 2008. The concentrate grade is expected to
improve with the next shipment. The expectation is that continued
improvements in the concentrate grade on a monthly basis will be achieved going
forward.
The dewatering program for the
underground development is achieving progress and has reduced the water
level by at least one hundred feet to this point. As a result the underground
decline development program has resumed. The Company is planning to increase
the size of the mine crew for both the day and night shifts.
In the underground program within
the ?F? cross cut area has identified another gold bearing zone that is more
than 50 feet wide and may represent a separate potentially mineable gold
bearing zone located on the southern portion of the property. This
location is approximately 800 feet south of the B drift (B-2 cross cut) where
previous underground development has identified several potentially mineable
gold bearing zones within the B drift. These gold zones represent
important sources of quality gold mineralized feed to the plant going
forward.
An underground drilling program is
planned to test the vertical and lateral extents of these and other target
areas within the underground developed area. The company underground
drill has been utilized on surface drilling for the past 12 months and will be
converted back to an underground drill for this project.
RSM has renewed the investor
relations contract with YES International for an additional 12 months. Mr.
Rich Kaiser, President has filed the necessary Form 2C1 declaration form with
the TSX.V exchange.
RSM is a natural resource
exploration and development company. 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 royalstandardminerals.com
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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