SOURCE: Royal Standard Minerals, Inc.

RYSMF:OTCBB, Nevada Mining, Nevada gold mining, gold, silver, mine, USA mining

November 17, 2009 09:38 ET

Royal Standard Minerals, Inc. (RYSMF) Goldwedge Project Development, Nye County, Nevada Update

MANHATTAN, NV--(Marketwire - November 17, 2009) - Royal Standard Minerals, Inc.'s (OTCBB: RYSMF) Goldwedge is a permitted gold mining property located in Nye County, Nevada. RYSMF has completed considerable underground development work to evaluate the upper portion of the drill indicated gold system. Concurrently a processing plant was constructed on the property to further test the gold recoveries of the mined material. As a result of this work the company is involved with an equipment upgrade and maintenance program for the Goldwedge plant and the underground facilities. This work includes the removal of current equipment and the reinstallation of a larger capacity grinding circuit in the plant. The purpose of this program is to increase plant throughput and improve reliability of the operation going forward.

The capital requirements for the plant and underground program to advance this project toward full operation is expected to come from current cash, new debt and forward gold sales from the Goldwedge property.

Royal Standard Minerals, Inc. owns and controls several precious metal properties in the State of Nevada. Nevada is the 4th largest producer of gold in the world and the largest US domestic producer. The gold mining industry of Nevada produces almost 7.5% of the world's gold supply and almost 80% of all gold produced in the USA,

RYSMF (C.U.S.I.P780919106) is a natural resource exploration and development company,

For further information about this release contact Mr. Roland Larsen, (775) 487-2454 and/or Mr. Rich Kaiser, Investor Relations, 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.

Contact Information

  • Contact:
    Roland Larsen
    Rich Kaiser