Royal Standard Minerals Inc.
OTC Bulletin Board : RYSMF

Royal Standard Minerals Inc.

August 08, 2006 09:00 ET

RSM Submits Mine Permit Applications to State and Federal Agencies for the Pinon Gold-Silver Project and a Drill Hole Location Permit Application to Test the Copper Skarn System...

... on the Railroad Property, Elko County, NV

MANHATTAN, NEVADA--(CCNMatthews - Aug. 8, 2006) - ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE:RSM)(OTCBB:RYSMF) has filed a Plan of Operations with the US Bureau of Land Management (BLM) and a Water Pollution Control Permit application with the Nevada Department of Environmental Protection (NDEP) for the purpose of achieving a permit to develop and operate an open pit heap leach gold-silver mine on its Pinon property located in Elko County, Nevada. The applications were completed by JBR Environmental Consultants in Elko, NV and Dyre Engineering Consultants Inc. of Reno, NV. The applications will be reviewed by the agencies involved and comments will be returned to the Company, these comments may result in further changes/modifications to the Company's application.

RSM has recently acquired additional property near the proposed Pinon minesite currently in the permit stage. The Darkstar gold property is located less than 2 miles from the Pinon deposit. A NI-43-101 report is planned that will include an evaluation of the near surface gold-silver resources that currently exist on this property.

The Company has filed for permits to drill 13 core holes with the USBLM to test a copper-lead-zinc-gold-silver prospect that occurs on the Railroad property located south of Newmont's Rain gold district. The base and precious metal skarn prospect is centered on the Bullion intrusive. The current program is to attempt to determine overall size and thickness of this occurrence north of the Bald Mountain Fault (BMF), the northern down thrown extension copper mineralization was identified as part of a gold exploration program. Secondly, the company will drill several other targets south of the BMF to test the large alteration zone that exists for more than one (1) mile south of the BMF. Immediately south of the BMF this property has had copper-lead-zinc- gold silver production in close proximity to a skarn assemblage.

Prior to drilling all of the geophysical data will be evaluated to include an expanded ground geophysical survey of the entire property, this work is expected to commence in September, 2006.

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 Inc.
    Roland Larsen
    (775) 487-2454
    (775) 487-2460 (FAX)