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RSM Resouro Strategic Metals Inc

0.235
-0.035 (-12.96%)
07 Feb 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Resouro Strategic Metals Inc TSXV:RSM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.035 -12.96% 0.235 0.20 0.24 0.24 0.235 0.24 44,422 21:01:42

RSM Activities at the Goldwedge Project, Nye County, Nevada

24/04/2008 1:50pm

Marketwired Canada


ROYAL STANDARD MINERALS INC., "RSM"(TSX VENTURE:RSM)(OTCBB:RYSMF), The Company
has completed plans for the construction of the first dewatering well and three
monitoring wells, drilling has commenced. The permitting process is currently in
progress to include the permit renewal and modifications to the surface water
discharge permit of mine water and plant modifications. We expect to commence
the underground dewatering program in April, 2008, according to Qualified
Person, Roland M. Larsen.


The plant is currently processing gold mineralized material at a throughput rate
of approximately 300 tons per day. This rate is expected to increase to about
400 tons per day with one 9-hour shift. We are taking applications for a night
shift, there is a shortage of skilled employees in this area, however we expect
to have a night shift within 30 days. Adjustments to the plant have resulted in
improvements in gold (gravity) recovery that is close to 70 percent with the
installation of additional high gravity concentrators and increasing the regrind
program. The plant will currently produce approximately one ton of gold
concentrate every week from the low grade stockpile. The plan is to increase
gold concentrate production to about 1.5 tons per week or approximately 6 tons
per month to a processing facility. During the second quarter the total
contained gold (dore') ounces will range from 30 to 500 ounces per ton gold
depending upon the head grade (feed) going into the plant during a given period
of time.  Our objective is to improve upon the head grade and to maintain an
acceptable daily production level as we move forward with this project.


The Company has made arrangements to send all of its concentrates to be
processed by an independent laboratory to produce dore' that will be sent back
to the Company to our in-house assay laboratory.  Once assayed we will send the
dore to a third party for further refining to produce a finished  (999) fine
gold and silver product.


RSM is an exploration and development company with advanced gold projects in Nevada.

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

LISTED: STANDARD & POORS

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