Royal Standard Minerals Inc.
TSX VENTURE : RSM
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

December 04, 2006 08:30 ET

RSM to Commence an Underground Bulk Sampling and Drilling Program at its Fondaway Canyon Gold Tungsten Property

MANHATTAN, NEVADA--(CCNMatthews - Dec. 4, 2006) - ROYAL STANDARD MINERALS INC.(RSM) (TSX VENTURE:RSM) (OTCBB:RYSMF) RSM plans to commence underground drilling and sampling of the 100% owned Fondaway Canyon gold project located in Churchill County, Nevada in January, 2007. The property consists of 148 contiguous unpatented mining claims. The property was heavily drill tested by Tenneco Minerals Inc. over a 10 year period (1986-1996) indicating a gold mineralized system with a strike length of more than 12,000 feet including more than 15 separate gold mineralized veins, average widths in the 5- 20 feet range. A total of 568 holes have been drilled on this property most of this work was completed by Tenneco.

Tenneco also completed 500 feet of underground development of the gold bearing sulfide mineralization for metallurgical testing of the underground targets and developed and operated an open pit heap leach mine on the gold oxide deposits before exiting the mining business in the 1990's. Metallurigical studies by Hazen Research and others of the gold bearing sulfide mineralization indicates that greater than 90% gold recoveries can be achieved.

The structurally controlled mineralization in a NI-43-101 report currently classifies the resources as indicated and inferred includes 390,000 tons of 0.428 (13.3 gpt) opt indicated and 372,000 tons of 0.409 opt (12.74 gpt) inferred within an area of the Tenneco adit. These estimates include resources contained within a segment of the Half Moon-Paperweight shear zones, a strike length that includes more than 900 feet and 1500 feet (less than 500 feet in depth), respectively.

The exploration program will include opening the Tenneco adit and continue to explore this area by test mining, drifting, on the Half Moon vein system. This effort will include bulk sampling of the Half Moon gold mineralization for metallurgical analysis. Plans include surface and underground drilling on this property after the initial underground development has started to further test the strike and dip extensions of the gold mineralization within the area of the Tenneco adit as part of an effort to build additional gold resources in this area.

Royal Standard Minerals Inc. is an exploration and development company with advanced gold-silver projects in Nevada.

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

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

LISTED: STANDARD & POORS

Contact Information

  • ROYAL STANDARD MINERALS
    Roland Larsen
    775-487-2454
    775-487-2460 (FAX)
    Royal-Standard.com