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

Royal Standard Minerals Inc.

July 27, 2005 07:00 ET

RSM: Drilling Results Include 225 Feet of 0.357 opt and 265 Feet of 0.257 opt Gold, Indicating Potential for Carlin-style Gold Mineralization at the Goldwedge Project, Nye County Nevada

MANHATTAN, NEVADA--(CCNMatthews - July 27, 2005) - ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE:RSM)(OTCBB:RYSMF)

The drill data acquired to date on the Goldwedge property indicates that the carbonate hosted structurally controlled deposit may include a well developed stratabound gold system proximal to the primary mineralized structural zone(s) currently under development. The implications are that the gold mineralization may be expanding in overall width and thickness at depth and down plunge toward the north.

A body of drill data and alteration mapping now indicates that the Goldwedge resource is part of a larger stratabound gold system within the Zanzibar Limestone and underlying Gold Hill (phyllite and siltstone) Formation. The drilling data indicates that the gold mineralization becomes more widespread within the deeper north plunging deposit. RSM drilling in 2004 and 2005 has defined a thick zone of jasperoidal replacement overlying much of the deeper resource and extends into the shallower resource of the Zanzibar limestone currently under development according to Mr. Timothy Master, Exploration Manager and Qualified Person. RSM drill holes 1, 2, 6, 7 and 8 contain this jasperoid replacement. A carbon zone also surrounds the deposit and the silicification, a common characteristic of a Carlin-style deposit. This carbon zone is also mapped in the near surface underground crosscut at 600 - 640 feet depth in the footwall limestone approaching the mineralized zone at 653' - 683 feet.

A list of the RSM drill holes and past drilling that contain gold mineralization that occurs outside of the main structural zone(s) surrounding the higher grade (structurally controlled) zones targeted for underground mining are as follows: (The following intercepts are calculated using a 0.01 opt grade cutoff and include the higher grade zones delineated for underground mining.)



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RSM Interval Grade Interval Grade Starting
Drilling Hole# (feet) (opt) (meters) (grams/t) Depth
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GWD-05-8 75' 0.033 22.86 1.03 460'
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GWD-04-2 75' 0.084 22.86 2.61 155'
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GWD-04-6 195' 0.035 59.44 1.09 80'
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Previous
Drilling
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MH-90-92 40' 0.137 12.19 4.26 130'
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80' 0.104 24.38 3.23 225'
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45' 0.056 13.72 1.74 345'
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MH-72 120' 0.098 36.58 3.05 110'
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265' 0.257 80.77 8.00 260'
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60' 0.015 18.29 0.47 535'
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MH-77 245' 0.092 74.68 2.86 245'
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MH-16 225' 0.357 68.58 11.10 545'
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MH-59 140' 0.077 42.67 2.39 295'
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MHC-91-4 130' 0.087 39.62 2.71 110'
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GW-03 60' 0.029 18.29 0.90 40'
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45' 0.038 13.72 1.18 130'
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45' 0.024 13.72 0.75 205'
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GW-04 70' 0.030 21.33 0.93 120'
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GW-05 130' 0.126 39.62 3.92 320'
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GW-06 250' 0.044 76.2 1.37 385'
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GW-16 300' 0.078 91.44 2.43 400'
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All drill holes were completed at 60-80 degree angles and oriented from the west toward the east side of the structural zone(s). Drill holes GW 03, 04, 05 were drilled on the west side of the deposit parallel to the structural zone on the west side within the carbonate section. The gold mineralization within the structural zone is steeply dipping westward, thicknesses of the gold mineralized sections are believed to be close to true thickness. The increase in silicification and gold distribution occurring within the bedded limestone to the north indicates that the center of the deposit occurs to the north and down plunge within the favorable host rocks near the intersection of the Reliance and Manhattan Fault Zones. Additional step out drilling outside of the structural zones will be directed toward testing the areal extent of the carbonate hosted disseminated gold occurrences as a means to better develop the stratabound gold model for this property.

RSM is an exploration company with several 100% owned advanced gold-silver exploration projects in Nevada. The Goldwedge deposit represents Royal Standard Minerals first development project in Nevada. For further information regarding Goldwedge development, please refer to our July 12th, 2005 news release - or visit our website www.royal-standard.com.

The Company was recently covered by Casey Research. The report can be seen at our website http://royal-standard.com/Press/2005/070705.pdf and by miningstocks.com http://royal-standard.com/Press/2005/RSM_07-02-05.doc.

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

The TSX Venture 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.
    Investor Relations
    1-877-662-8184 (or, internationally ++1-604-662-8184)
    or
    Royal Standard Minerals Inc.
    Roland Larsen
    Qualified Person (NI-43-101)
    (775) 487-2454
    (804) 580-4132 (FAX)
    www.Royal-Standard.com