Royal Standard Minerals Inc.
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

November 19, 2007 09:00 ET

Royal Standard Minerals Inc.: Goldwedge Progress and Drilling Program at Railroad Copper-Gold Project, Elko County, Nevada

MANHATTAN, NEVADA--(Marketwire - Nov. 19, 2007) - ROYAL STANDARD MINERALS INC., "RSM",(TSX VENTURE:RSM)(OTCBB:RYSMF), The Goldwedge project development program, Nye County, Nevada, has made significant progress toward developing a plant design that will achieve the target production rate of 500 tons per day with acceptable gold recoveries. The equipment to grind the feed material to achieve improved liberation of the gold particles has been installed and operating since mid-October, 2007. Roland M. Larsen, CEO has indicated that, "I believe that we finally have the plant in a position to produce an acceptable throughput and gold recoveries from the gravity circuit. The addition of a flotation circuit in the future should enhance the gravity circuit gold recoveries for the finer fractions."

Mined and stockpiled lower grade feed encountered during decline development is currently supplying the plant and will continue until all of this material is processed. The grade of the feed on a daily basis ranges from a low of 0.04 opt gold to 0.15 opt gold. The feed rate is currently about 350-400 tons per day. The plant is operating on a 12 hour/day schedule. This effort also includes increasing the production rate over the next 1-2 months to 500+ tons per day. This rate will be increased incrementally depending on the how the grinding equipment responds to increased throughput.

The daily gold concentrate production rate will range from 12 to a high of 51 ounces per day at recovery rate of approximately 85 percent. A gold concentrate production rate of 16-18 ounces per day is calculated to be close to the current daily operating costs. The obvious trend is to move toward processing higher grade material in order to achieve the desired gold production rate of 120-125 ounces per day. This is expected to be blended ore that will include higher grade and lower grade material to achieve the desired production rate and balanced gold production.

Underground much effort over the past month has involved the sizing for installation of a larger underground power system to improve water pumping capability and upgrade our ventilation, air supply, as we continue to go deeper with our development program.

The drilling program on the Railroad project Cu-Au, magnetite skarn project is currently on the third drill hole. The first drill hole core has been split, sampled and submitted for chemical analysis. The second drill hole core is currently being sampled for laboratory analysis. The results of geologic log analysis indicates that there is a potential for positive results due to significant magnetite skarn development and possible base metal sulfide and oxide minerals present within the section, chemical analysis will indicate what metals are present.

All of the Pinon Project core has been split and submitted for multi-element chemical analysis to include a determination of the acid generating and neutralizing potential of these rock units.

As a means to accelerate the drilling activity on its properties the Company has recently purchased another used core drill, surface drilling rigs for our current total of two. The "new" drill is a "turn key" drill for immediate use for deep drilling and will offer us much flexibility in terms of how the Company pursues drill testing deep targets on its properties. Initially, both drills will concentrate on the copper-gold skarn system at Railroad, this work will also include some deep drilling under the Railroad gold-silver system, near the Pod deposit.

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

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.

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 Inc.
    Roland Larsen
    775-775-2460 (FAX)
    Royal Standard Minerals Inc.
    Mr. Rich Kaiser
    Investor Relations