RSM: Goldwedge Project, Nye County, Nevada: Underground Development has Identified a New Gold Zoneadmin
Royal Standard Minerals Inc. 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.