SOURCE: Royal Standard Minerals, Inc.

RYSMF:OTCBB, gold, nevada mining,

November 24, 2009 09:41 ET

Royal Standard Minerals, Inc. (RYSMF) Goldwedge Underground Program Nye County, Nevada

MANHATTAN, NV--(Marketwire - November 24, 2009) - Royal Standard Minerals , Inc. (OTCBB: RYSMF) has continued with the evaluation of the underground development program on the 100% owned Goldwedge property located in Nye County, Nevada. For our new shareholders, currently there are essentially two areas of development the 'A' zone and the 'B' zone in the southern portion of the property that have been completed by the company over the past 2-3 years. These underground developments are accessible via a decline occur at the top of the gold mineralized system within 250 feet of vertical depth. The evaluation of the main gold mineralized structure that represents one of several smaller structures within a complexly faulted continuous mineralized system that includes free gold mineralization and gold as inclusions in a calcite gangue within a limestone host. Gold occurs in high angle fractures and bedding planes within the carbonate host unit has been confirmed by surface drilling and underground exploration.

A review of the underground progress includes drifting in four areas between the 'A' zone decline and the 'B' zone decline, an interval that includes between 300 feet of strike length and a vertical extent of about two hundred feet contains at least four (4) gold mineralized structural zones based on the surface drilling and underground development. Surface drill grades and underground sampling indicates the presence of several undisturbed gold mineralized zones remaining in this area that we believe can be developed in an area that represents the upper most, near surface portion of the gold system. Underground drifting included the construction of cross cuts and extending both declines 'A' and 'B'. This work advanced the 'B' zone, a separate decline, developed northwest and on strike of the 'A' decline. This effort identified three areas with quality gold grades, resulting in a decline rib sampling return indicated thickness of 25 feet of 0.575 opt/gold and two separate zones in this area with indicated thicknesses of 15 feet each returned grades of 0.275 opt and 0.436 opt gold, respectively. (The gold fire assay analytical work was completed by the Company's in house laboratory.) This gold mineralization was included within a 110-120 feet wide interval of a lower grade (0.01-0.10 opt gold), but quite significant, gold values are evident.

Gold mineralization occurring within the main zone within the 'A' zone has been reported previously for the "F" cross cut area where the main zone is more than 50 feet wide and may represent the continuation of the 'B' zone mineralization indicated above that occurs above and on strike several hundred feet toward the north of potentially mineable gold bearing zone located on the southern portion of the property.

The Company continues with its renovations of its existing mill facility in order to process gold more efficiently with better recovery values at lower cost per ounce produced.

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:
    Mr. Rich Kaiser
    Investor Relations