RSM: Goldwedge Project, Nye County, Nevada: Underground Development has Identified a New Gold Zone
September 23 2008 - 9:30AM
Marketwired
Royal Standard Minerals Inc. "RSM", (TSX VENTURE: RSM)(OTCBB:
RYSMF) is pleased to announce that the underground program has
intersected the targeted gold zone at about 250 feet below the
surface. The current mineralized zone is approximately 75 feet in
width indicating gold grades that average approximately 0.20 opt
gold that includes 25 feet of 0.462 opt gold, based upon results
from the Company's in-house analytical laboratory and includes
check assays of all results that exceed 0.025 opt gold, according
to Roland M. Larsen, Qualified Person.
The initial results indicated by underground development is that
the extent of this zone is more than 300 feet within the area
tested and is open along strike, down plunge toward the northwest.
The depth extent is not known from the underground drifting
program, however, previous surface drilling results indicate that
high quality gold intercepts of 0.25-0.30+ opt indicated
thicknesses of up to 250 feet before the drill hole passed through
the structure(s) occurs as reported in numerous prior press
releases. Underground drilling will commence soon, currently a
surface drill is testing the southern extension of the property. An
underground drilling program is planned to test the vertical and
lateral extent of this gold mineralized zone. Preparations are
underway to further develop this gold zone.
At the Pinon gold-silver project, the Company has plans to
complete three additional monitoring wells on a second heap leach
pad location this month as part of the permitting process for this
proposed development project.
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.
C.U.S.I.P. # 780919106
Contacts: Royal Standard Minerals Inc. Roland Larsen
775-487-2454 775-775-2460 (FAX) www.RoyalStandardminerals.com
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