News RYSMF: Royal Standard Minerals (RYSMF) Announces High Priority Project Updates


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Breaking News:
Royal Standard Minerals, Inc. (OTCBB: RYSMF)

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Royal Standard Minerals Inc. (OTCBB: RYSMF)

Royal Standard Minerals (RYSMF) Announces High Priority Project
Updates

  • Press Release
  • Source: Royal Standard Minerals, Inc.

MANHATTAN, NV–(Marketwire – 11/19/09) – This Royal Standard Minerals,
Inc.’s (OTC.BB: href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=839&F=H">RYSMF
- href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=840&F=H">News)
release is directed to the Company’s new investors who may not be aware of
the current activities in RYSMF or the distribution of the projects that
are owned or controlled by the Company in Nevada. The Company is engaged
in exploration and development of 100% owned or controlled gold and
precious metal properties in Nevada, announces several updates on current
property holdings and assets in Nevada.

During this year Royal Standard Minerals’ exercised its option to
purchase both patented and unpatented mining claim groups in Churchill
County and the Manhattan District claims in Nye County, Nevada. These
assets offer strategic support for future growth of the Company’s
gold-silver program in Nevada and specifically, to expand prospective
property control for the permitted Goldwedge underground gold-silver
project and facilities.

In the Manhattan District, the Company is continuing with an evaluation
of the geologic data for all of its current holdings as these properties
are expected to become high priority projects for permitting and
development as a future source of gold mineralized material for the
Goldwedge plant. Located in close proximity to the Company’s Goldwedge
plant facilities, the Manhattan claim properties are within 1 to 2 miles
of the Goldwedge operations.

href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=833&F=H">Since
permitting the Goldwedge gold mining property
, the Company has
completed considerable underground development work to evaluate the upper
portion of the drill indicated gold system.

During this period, a processing plant was constructed on the property
to further test the gold recoveries of the mined material. As our most
developed asset, Goldwedge is expected to move toward production in
2010.

Further, as a result of this completed work, evaluation and plant
construction, the Company is implementing major equipment upgrades and
technical enhancements to increase throughput and productivity to
approximately 500 tons per day. These upgrades will move the plant
facilities from a test mining mode to a more sustained higher level of
production. These operations and plant modifications should also reduce
operating costs and significantly increase daily gold concentrate
production.

The Company is continuing with plans to install a more efficient
dewatering system to help insure that the underground development program
will proceed without delay related to water controls. As the Company
continues with the development of the currently identified main zone
shortly, this area of the deposit will constitute the initial primary
source of gold mineralized material for the onsite gravity plant.

href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=838&F=H">
Elsewhere in the State of Nevada, at the Fondaway Canyon property in
Churchill County
, the Company is in the process of renewing the water
use, drilling and underground bulk sampling permits for the property. Also
in Churchill County at the Dixie-Comstock gold property, an epithermal
gold system that has been extensively drill tested by major gold companies
is considered to be a promising near surface gold/silver mineralized
system.

href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=834&F=H">At
the recently announced, Elko County, Nevada projects
, the Company has
completed its study of its 100% controlled Pinon and Darkstar properties
the Company has identified a number of new drill targets that have strong
potential to be additive to the current near surface gold-silver resources
at both properties and for deep, underground, “new” gold resources. The
Company anticipates commencing the next phase of planning for the Pinon
and Darkstar properties that should advance the properties toward future
development.

In summary, Royal Standard Minerals is aggressively exploring and
developing gold and silver properties in key mining districts in Nevada,
five of which, the Goldwedge, Pi�on, Darkstar, Fondaway Canyon and the
Dixie-Comstock properties respectively, are advanced stage projects with
established gold/silver resources.

Royal Standard Minerals, Inc. owns and controls several precious metal
properties in the State of Nevada. Nevada is the 4th largest producer of
gold in the world and the largest US domestic producer. The gold mining
industry of Nevada produces almost 7.5% of the world’s gold supply and
almost 80% of all gold produced in the USA, href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=836&F=H">http://www.nevadamining.org/documents/Economic_Overview_08.pdf.

RYSMF (C.U.S.I.P. # 780919106) is a natural resource exploration and
development company, href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=835&F=H">www.royalstandardminerals.com.

href="http://www.sgurunews.com/emailmarketer/link.php?M=16735&N=467&L=837&F=H">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

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Investment Highlights

* RYSMF has active mining projects in Nevada which is the leading gold
producing state in the U.S., accounting for approximately 83% of all
domestic gold production and 9% of global gold production.

*
As of July 31, 2009, the Company’s non-GAAP mineral properties’
book value was $19.4 million or $0.23 per share.

* On October
13, 2009, RYSMF announced that it will be installing larger ball mills and
an additional concentrator as well as making other technical changes to
improve the productivity and efficiency of its Goldwedge Project. These
new upgrades should increase output to approximately 500 tons per day. />
* On October 6, 2009, the Company announced that it had exercised
its option to purchase unpatented and patented mining claim groups in
Churchill and Nye counties, Nevada for $600,000. These claim groups will
position the Company for future growth in their gold-silver program.

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Overview

Royal Standard Minerals Inc. (RYSMF) is an advanced-stage mining
company engaged in locating, acquiring, exploring and developing gold and
precious metal deposits in the state of Nevada, and coal in the state of
Kentucky. The Company owns a 100% interest in six projects in three
goldsilver districts in Nevada. These projects include the Goldwedge
project in Nye County; the Piñon and Dark Star projects in Elko
County; the Fondaway Canyon and Dixie-Comstock projects in Churchill, and
the Campton project in Wolfe County, Kentucky. The Company has two wholly
owned subsidiaries, Kentucky Standard Energy Company Inc. and Manhattan
Mining Co.

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Value Proposition

* With over 300,000 ounces of gold and the potential of an additional
800,000 ounces, the assets of RYSMF far exceed the current value of the
stock.

* The Company has capitalized on the availability of
high quality gold/ silver deposits and controls interests on properties
consisting of over 17,000 acres located on the Carlin gold trend, an area
which has produced over 50 million ounces of gold since the 1960s, and is
estimated to hold an additional 100 million ounces of gold.

*
The Company’s Nevada projects are located near properties owned by
major gold companies such as GoldCorp, Kenross, Newmont, Barrick and
Placer Dome.

* Gold prices continue to increase as the dollar
weakens and many analysts believe that gold will continue to grow for the
remainder of 2009 and into 2010.

.

 

 

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