🕐17.11.09 - 16:42 Uhr
NEWS OUT(GOLDL):RYSMF:OTCBB-ROYAL STANDARD MINERALS-GOLDWEDGE MIINE
RYSMF :OTCBB
ROYAL STANDARD MINERALS, INC.
(RYSMF)
Goldwedge Project Development, Nye County, Nevada Update
Manhattan, Nevada-November 17, 2009- Royal Standard Minerals, Inc.s
(RYSMF-OTCBB) Goldwedge is a permitted gold mining property located in Nye
County, Nevada.
RYSMF has completed considerable underground development
work to evaluate the upper portion of the drill indicated gold system.
Concurrently, a processing plant was constructed on the property to further
test the gold recoveries of the mined material.
As a result of this work
the company is involved with an equipment upgrade and maintenance program
for the
Goldwedge plant and the underground facilities.
This work includes the
removal of current equipment and the reinstallation of a larger capacity
grinding circuit in the plant.
The purpose of this program is to increase
plant throughput and improve reliability of the operation going forward.
The capital requirements for the plant and underground program to advance
this project toward full operation is expected to come from current cash,
new debt and forward gold sales from the Goldwedge
property.
Royal Standard Minerals, Inc.
owns and controls several precious metal
properties in the State of Nevada.
If Nevada were a country it would be
ranked the 4th largest producer of gold in the world.
The gold mining
industry of Nevada produces almost 7.5% of the worlds gold supply and
almost 80% of all gold produced in the USA, the largest domestic producer,
http://www.nevadamining.org/documents/Economic_Overview_08.pdf.
RYSMF (C.U.S.I.P 780919106) is a natural resource exploration and
development company, www.royalstandardminerals.com
.
For further information about this release contact Mr.
Roland Larsen, (775)
487-2454 and/or Mr.
Rich Kaiser, Investor Relations, 800-631-8127.
Royal Standard Minerals cautions that the statements made in this press
release constitute forward looking statements, and no guarantees of future
performance and actual results or developments may differ materially from
the projections in the forward-looking statements.
Forward-looking
statements are based on the estimates and opinions of management at the time
the statements are made.
Contact:
Roland Larsen
804-580-8107
Rich Kaiser
800-631-8127
If you received this email in error or would like to be removed from
database, SEND REMOVE-RSM to and/or call
757-306-6090.
http://finance.yahoo.com/q?s=RYSMF.OB
RYSMF :OTCBB
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