Royal Standard Minerals Inc.
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

July 14, 2008 10:52 ET

RSM Progress at Goldwedge Property, Nye County, Nevada

INC.(TSX VENTURE:RSM)(OTCBB:RYSMF) - At Goldwedge, the program of processing the low grade gold mineralized stockpiled material that was mined during the development of the upper portion of the decline is near completion. This material has been used to further the development and achieve the necessary improvements to the plant configuration for the best gold recoveries with the onsite gravity plant, according to Qualified Person, Roland M. Larsen.

The first shipment of gold concentrates will be delivered this week for gold processing. This first shipment includes more than 100 ounces in concentrate which is smaller than what was previously announced, this is due to fact that it is the first shipment to the outside laboratory. We are expecting more than a 98% recovery to gold dore during the recovery process. A second shipment is planned for the end of July or early August, 2008. The concentrate grade is expected to improve with the next shipment. The expectation is that continued improvements in the concentrate grade on a monthly basis will be achieved going forward.

The dewatering program for the underground development is achieving progress and has reduced the water level by at least one hundred feet to this point. As a result the underground decline development program has resumed. The Company is planning to increase the size of the mine crew for both the day and night shifts.

In the underground program within the "F" cross cut area has identified another gold bearing zone that is more than 50 feet wide and may represent a separate potentially mineable gold bearing zone located on the southern portion of the property. This location is approximately 800 feet south of the B drift (B-2 cross cut) where previous underground development has identified several potentially mineable gold bearing zones within the B drift. These gold zones represent important sources of quality gold mineralized feed to the plant going forward.

An underground drilling program is planned to test the vertical and lateral extents of these and other target areas within the underground developed area. The company underground drill has been utilized on surface drilling for the past 12 months and will be converted back to an underground drill for this project.

RSM has renewed the investor relations contract with YES International for an additional 12 months. Mr. Rich Kaiser, President has filed the necessary Form 2C1 declaration form with the TSX.V exchange.

RSM is a natural resource exploration and development company. For further information about this release contact Mr. Rich Kaiser, Investor Relations, 800-631-8127.

The TSX.V 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.

Contact Information

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