Royal Minerals Inc. is evaluating possible joint venture participation on its Carlin Trend Nevada Project - drilling to commence in early September.MONTREAL--(BUSINESS WIRE)--Aug. 14, 1996--At the request of the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg , Royal Standard Minerals Inc. announces that its plans to begin a deep diamond core drilling Diamond core drill bits are used to bore large holes in brick, concrete and stone. They are not generally used in other materials. The bit consists of a metal cylinder, usually relatively soft steel mounted on an arbor. program at its 70 percent owned South Bullion BULLION. In its usual acceptation, is uncoined gold or silver, in bars, plates, or other masses. 1 East, P. C. 188. 2. In the acts of Congress, the term is also applied to copper properly manufactured for the purpose of being coined into money. gold property which is located on the Carlin car·line or car·lin n. Scots A woman, especially an old one. [Middle English kerling, from Old Norse, from karl, man.] trend, ten miles south of Newmont's Rain mine in Elko Country, Nevada. This first round will consist of an initial (minimum 5000 feet) drilling program. The South Bullion deposit has been estimated to host a mineral inventory of 38.3 million tons grading 0.026 opt gold; a drill-indicated potentially bulk-mineral resource of 6.6 million tons grading 0.027 opt gold at an ore to waste strip ratio of 1 to 1.5 has been delineated de·lin·e·ate tr.v. de·lin·e·at·ed, de·lin·e·at·ing, de·lin·e·ates 1. To draw or trace the outline of; sketch out. 2. To represent pictorially; depict. 3. in two zones (main zone and north pad). A prefeasibility study to determine the economic viability of this resource is currently being conducted by Bharti Engineering of Toronto. Federal and state permitting is expected to be completed by the end of August, at which time drilling operations will begin on the east side of the main gold zone. Previous reverse circulation drilling in this area has identified several deep targets which may represent high-grade "feeder" structures to this "Carlin-type" deposit. Several deep (higher than 1000 feet) off-set holes will be constructed near drill hole SB111 which intersected 60 feet of 0.11 opt gold in the productive lower Webb formation. These holes will test the potential for deep high- grade reserves similar to those discovered at several other deposits along the trend (e.g., Newmont's Deep Star). RSM RSM (in Britain) regimental sergeant major has been approached by and is negotiating with several major mining companies concerning its deep exploration program of the South Bullion deposit and on the approximate 40,000 acre land position. At this time the company cannot determine if those negotiations will be successful. CONTACT: Royal Standard Minerals Inc. Roland Larsen, President 804/225-0186 |
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