Royal Standard Minerals Inc.: Goldwedge Project, Nye County, Nevada
October 14 2008 - 8:30AM
Marketwired
ROYAL STANDARD MINERALS INC., "RSM" (TSX VENTURE: RSM)(OTCBB:
RYSMF) -
The latest shipment of gold concentrates to Metals Research, the
offsite facility has resulted in the production of 257 ounces of
dore'. This current shipment of dore' and the previous shipment
that resulted in the production of 149.01 ounces dore' are
currently stored at the processing facility for safe storage. Upon
the accumulation of at least 1,000 ounces dore' this product will
be transferred to a gold refining facility to produce gold bullion.
Plans include another gold concentrate shipment to the above
mentioned facility in a few days.
This effort concludes the initial test program of mining and
recovery of the gold mineralization from this property using
gravity recovery methods only. Plant modifications will be
necessary to achieve the level of gold concentrate production
required to maximize economic returns. Plant modifications will
include the installation of a larger ball mill to increase grinding
capability in order to achieve higher throughput rates. These
modifications are to start immediately with the removal of one of
the current ball mills and the installation of a larger ball
mill.
Additionally, the testing by Metcon Research of a closed-circuit
cyanide leach plant has indicated that this system could achieve
gold recoveries in the mid 90% range for this gold mineralization.
Plans include the further planning and installation of this system
which will require an additional permit from the State of
Nevada-NDEP. Plant modifications will be made to prepare for these
changes.
During this period the mining of gold mineralized material and
the surface and underground drilling program will continue at the
Goldwedge property.
RSM is a natural resource exploration and development
company.
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
The TSX.V Exchange does not accept responsibility for adequacy
or accuracy of this release as per Exchange Policy 3.3 section
6.5.
Contacts: Royal Standard Minerals Inc. Roland Larsen Qualified
Person NI-43-101 (775) 487-2454 (775) 775-2460 (FAX) Royal Standard
Minerals Inc. Mr. Rich Kaiser Investor Relations 800-631-8127
Website: www.RoyalStandardminerals.com
Resouro Strategic Metals (TSXV:RSM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Resouro Strategic Metals (TSXV:RSM)
Historical Stock Chart
From Jul 2023 to Jul 2024