Royal Standard Minerals Inc.
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

January 29, 2008 09:00 ET

Royal Standard Minerals: Goldwedge Progress, Nye County, Nevada


The Company is currently in a renewal phase of its mining permit for the Goldwedge project with the State of Nevada. This renewal includes plans for the expansion of the mine dump and a surface water disposal area for water pumped from the mine and two dewatering wells that are to be drilled, hopefully in February, to dewater the mine area from the surface. These wells are expected to significantly reduce the amount of water that will have to be pumped to the surface from the underground operation. A new underground power system is currently being installed, according to qualified person, Roland M. Larsen.

Additionally, permitting of other RSM controlled projects that contain drill indicated quality gold-silver grades within the Manhattan district will be initiated this year. These projects within less than 1-2 miles of the Goldwedge property are expected to supply additional feed material to the Goldwedge plant as soon as the mining permits are completed. The permitting process will commence after the renewal permit is achieved for Goldwedge indicated above.

The Goldwedge development program has been operating more or less continuously during the fourth quarter, 2007. The project was closed down during the last two weeks of December, 2007, cold weather and the holiday season were factors. We have had a slow start in January, 2008 due to cold weather and unusual snow accumulation, additional winterizing of the plant water system has been completed.

The plant throughput has not improved beyond the results achieved in early November as screen tests have indicated that the grind of the feed material needs further improvement. The current grind with the reduced throughput of 200 tons per day is approximately 80% minus 65 mesh, the objective is to achieve at least 80% minus 100 mesh result for these tests at a much higher production rate. More improvements will be made to achieve acceptable liberation of the gold from the rock and to maximize plant throughput before adding a flotation circuit.

RSM is an exploration and development company with advanced gold projects in Nevada.

For further information about this release contact Mr. Rich Kaiser, Investor Relations, 800-631-8127.

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


The TSX.V Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.

Contact Information

  • Royal Standard Minerals
    Roland Larsen
    Qualified Person NI-43-101
    775-775-2460 (FAX)