Standard Mining, ( Formerly Quest International ) Message Board

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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International )

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To: Robert J Mullenbach who wrote (371)	3/18/2000 1:48:00 PM
From: Robert J Mullenbach	Read Replies (1) of 462

For New Possible Stockholders, that are doing DD, Standard Mining Corporation is a mineral exploration and development company. Starting in the early 1990?s the company assembled a valuable portfolio of properties located in Central America, the United States and Canada. Today Standard is focusing only on the two highest potential, near-term production properties, the Zopilote and the Damoti Lake Gold Projects. The Company acquired valuable properties early in the 1990?s while commodity prices for metals were low. In 1993 the company acquired a position in the Damoti Lake project which is located in the Northwest Territories. Previous surveys by the Canadian Government indicated gold content in the rock and this proved to be true. Quest outlined several significant gold zones within a 2.5 mile segment along a 7.5 mile banded iron formation. The Damoti Lake gold camp was established and an underground program at the Horseshoe Zone returned exceptional results. During 1997 the known mineralization in the Horseshoe Zone increased from 89,000 ounces Au to 371,679 ounces Au. The Company made a strategic move in 1993 by joint venturing with Atlanta Gold on its gold deposit of over one million ounces. The deposit is capable of progressing into gold production. In 1997, as a result of continued low gold prices, the Company re-negotiated the agreement with Twin Gold (previously Atlanta Gold) to a 20% participating interest position and eliminated the requirement to expend an additional US$5.7 million on the Atlanta property. In 1994 the Ice property near Elkford, British Columbia was acquired. The Company discovered seven kimberlite pipes and six (near-surface) diamonds on this Diamond Exploration Property. The company has optioned this property to Skeena Resources of Vancouver. Another acquisition for Quest occurred in 1994 when Westmont Gold was purchased. The acquisition included several gold properties in Nevada. In February of 1994 the Company entered into an agreement with Aurora Exploration in Honduras and added considerably to the company?s exploration profile. The 11 exploration properties that are controlled in Honduras cover 304 square miles. The Company has since acquired 100% of the Aurora property. The Zopilote is the most advanced of the exploration properties. The Company identified a reserve of over 211,000 ounces of gold at Zopilote and subsequently entered into a joint venture agreement with Echo Bay Mines whose 1997 program identified five new target areas, drilled three, and significantly expanded the potential of this property. Zopilote is now considered to have the potential of at least one million ounces of gold. Based on recent sampling and mapping along the south and southeast boundaries of the existing Zopilote concessions, the Company has applied for an adjacent twenty-two square mile concession bringing the total area of Zopilote to approximately sixty square miles. In 1999 the Company aquired Standard Mining Inc. and changed its name from Quest International Resources Corporation to Standard Mining Corporation. A new board of directors was elected in May, 1999 and the Corporation?s shares were consolidated on a 5:1 basis. The Reno office has been closed and all employees in Reno were laid off due to economic reasons and the San Pedro office was relocated to a less expensive location. New management has raised over $1.5 million Canadian. This money has been applied to reducing the Company debt and advancing the Zopilote project. Standard is now operating with a small team of mining and exploration professionals and is working toward advancing the Zopilote and Damoti Lake projects to production.

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