ROYAL STANDARD MINERALS INC. (RYSMF) Plans for Underground Program at Goldwedge Project, Nye County, Nevada
October 20 2009 - 4:15AM
Marketwired
MANHATTAN, NV--(Marketwire - 10/20/09) - Royal Standard
Minerals, Inc. (OTC.BB:RYSMF - News) announces that it has
continued with its plans for underground development to access the
main gold mineralized zone on the Goldwedge property. This portion
of the property has been drill tested and has been explored
underground at a point where the decline has achieved access to the
main zone. Prior underground drifting within the main zone, the
initial development area on the 6620 level indicates that the main
zone in this area is approximately 90 feet in width. Previous
drifting on strike within this zone south of the "K" cross cut
returned approximately 85 feet of 0.835 ounces per ton (26
grams/ton) gold (laboratory results were completed by the Company's
onsite assay lab and check assays by an independent laboratory.)
Indications from rock chip sampling toward the northwest on the
north side, (right rib), indicates that this gold mineralization is
open toward the northwest. Drifting on the 6660 level indicates
that this zone is also present on this level returning similar gold
grades and widths. The average grade and mineable widths of this
zone have yet to be determined. Surface drilling results indicate
that this gold zone may extend for several hundred feet toward the
northwest and is open on strike to depth.
The company will install an improved dewatering system to help
insure that the development program that will start on the 6620
level and will proceed without unnecessary delays. Other
preparations include the necessary work to continue with the
development of the currently identified main zone as soon as
possible. This zone will constitute the initial primary source of
gold mineralized material for the onsite gravity plant. This
program will commence as soon as possible.
RYSMF (C.U.S.I.P780919106) is a natural resource exploration and
development company, www.royalstandardminerals.com.
For further information contact Mr. Roland Larsen, (775)
487-2454 and/or RedChip Companies, Inc., Brad Kline,
1-800-733-2447and/or Mr. Rich Kaiser, Corporate Communications
Coordinator, 800-631-8127.
Royal Standard Minerals cautions that the statements made in
this press release constitute forward-looking statements, and no
guarantees of future performance and actual results or developments
may differ materially from the projections in the forward-looking
statements. Forward-looking statements are based on the estimates
and opinions of management at the time the statements are made.
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