Royal Standard Minerals Inc.: Drilling Continues on the Railroad Porphyry/Skarn Copper Oxide and Molybdenum Project Elko County,
11 January 2008 - 12:30AM
Marketwired Canada
ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE:RSM)(OTCBB:RYSMF) as
previously reported in a press release dated, January 16, 2007, eight drill
holes intersected long sections of copper oxide and precious metals
mineralization during the gold exploration effort within an area north and south
of the Bald Mountain fault (BMF). In addition to these metals significant
amounts of molybdenum occurs within and flanking the copper intervals, RSM's
current effort is concentrated north of the BMF according to Qualified Person,
Roland M. Larsen. The current target area north of the BMF includes more than a
square mile area with significant copper, molybdenum (and precious metal)
intercepts, selected intervals are listed as follows:
North of Bald Mountain Fault
RR99-14 100 feet of 0.630 % copper @ 425'- 525'
245 feet of 0.0365 % molybdenum @300'- 545'
RR-99-16 225 feet of 0.270 % copper @ 325'-550'
100 feet of 0.0033 % molybdenum @ 525'- 625'
RR99-17 400 feet of 0.432 % copper @650'-1040'
550 feet of 0.0194 % molybdenum @ 450'- 1000'
(Includes 175' of 0.0383 % molybdenum @ 450'-625')
RR99-19 50 feet of 0.834 % copper @ 1200'- 1250'
50 feet of 0.0036 % molybdenum @ 1100'- 1150'
55 feet of 0.0036 % molybdenum @ 1200'- 1255'
RR99-46 165 feet of 0.38 % copper @350'-550'
225 feet of 0.0041 % molybdenum @ 300'- 525'
RR98-49 250 feet of 0.262 % copper, includes 70 feet of 0.11 opt gold
@ 1000'-1250'
350 feet of 0.0072 % molybdenum @ 825'- 1175'
(Includes 70' of 0.0132 % molybdenum @ 1075'- 1145')
RR98-54 185 feet of 0.212 % copper @ 875'- 1060'
(Bottomed in 0.42 % copper)
South of Bald Mountain Fault
RR97-50 50 feet of 0.9 % copper @ 100'- 150'
70 feet of 0.085 opt gold @ 75'- 145'
RR97-49 25 feet of 0.38 % copper @ 125'- 150'
(Bottomed in 0.38 % copper)
100 feet of 0.0194 % molybdenum @ 50'- 150'
RRAR-8 75 feet of 0.596 % copper @ 45'- 120'
RRAR-7 113 feet of 0.61 % copper @ 7'- 120'
238 feet of 0.0386 % molybdenum @ 22'- 260'
83 feet of 0.10 opt gold @ 37'- 120'
RRAR-6 183 feet of 0.28 % copper @ 7'- 190'
(Includes 45' of 0.75 % copper @ 22'- 67'
60 feet of 1.5 % zinc @ 52'- 112'
The mineral system appears from the drilling results to be open in several
directions including south of the BMF. The initial focus of the RSM copper,
molybdenum-gold exploration effort has been to offset some of the drill holes
listed above, initially toward the south of the near surface gold deposits that
are under study for future development north of the BMF. The copper-molybdenum
system appears to be open also toward the west and north. Plans include drilling
the next two drill holes toward the west and southwest of the previous drilling
with the objective of expanding the mineralized zone into those areas.
RSM exploration core drilling commenced on the Railroad Project, located in Elko
County during the late summer-early fall with the initiation of five (5) shallow
core drill holes to include RR-07-01, 02, 03, 03B and 04 located north of the
Bald Mountain fault. These drill holes represent two offsets one (RR-07-01) 330
feet east of previously drill tested areas and a second (RR-07-03B) located
approximately 935 feet south of drill hole KC-99-17. Drill hole RR-07-04 is
collared about 500 east of drill hole KC99-17. All of these holes (except 1 and
3 which were lost due to bad ground conditions) will be extended to depth to
test for deeper copper-molybdenum and precious metal mineralization.
The results of RSM's latest drilling indicates that the copper (and molybdenum)
zone has been extended some 935 feet south of the previous drilling activity,
north of the Bald Mountain Fault as follows:
RR-07-02 50 feet of 0.24 % copper @ 475'- 525'
196 feet of 0.0281 % molybdenum @ 400'- 596'
RR-07-03B 50 feet of 0.28 % copper @ 80'- 130'
50 feet of 0.195 opt silver @ 80'- 130'
RR-07-04 60 feet of 0.38 % copper @ 295'- 355'
120 feet of 0.0297 % molybdenum @ 240'- 360'
Future core drilling will be completed by the Company, utilizing two Company
owned core drilling rigs. The present plan is to lengthen RR-07-02 & RR-07-04 to
at least 1200' to intersect the interval where deeper copper mineralized zone
that was penetrated by previous drilling. Exploration drilling will continue on
500' centers toward the west and north to better define the limits of the
copper-molybdenum and precious metal mineralized zones north of the Bald
Mountain fault. Drilling will also be conducted along the prospective Bald
Mountain Fault Zone which exhibits a strike length of over 7,000 feet.
The Company believes that there is an indication from the drilling and the
results of chemical analytical results that this area on the order of two (2) or
more square miles is prospective for poryhyry skarn-type
copper-molybdenum-gold/silver deposits north and south of the BMF. RSM is very
encouraged in regard to the magnitude (aerial dimensions)of the system and the
attractive group of metals that are occurring within this intrusive-skarn system
in this area.
The Railroad Mining District is represented within the northern portion of the
approximately 20,000 acre land package contained within the Pinon-Railroad
project areas located south of Newmont Gold's Rain mining district in Elko,
County, Nevada. RSM has a 100% interest in these projects have concentrated upon
the proposed development of an open pit oxide and exploration for deeper
underground potential targets for Carlin-type gold-silver deposits. RSM is
currently engaged in the Federal and State permit process to develop several
near surface Pinon project oxide gold-silver deposits on this property package
according to Roland M. Larsen, Qualified Person, NI- 43-101.
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
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