STBY
05/02 09:37 Stansbury Holdings Corporation Announces That It Has Assumed
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Stansbury Holdings Corporation Announces That It Has
Assumed Responsibility for the Operation of Its Dillon Vermiculite Plant
DENVER, May 2 /PRNewswire/ -- Stansbury Holdings Corporation (OTC Bulletin
Board: STBY) announced today that it has assumed responsibility for the operation
of its Dillon Vermiculite Project near Dillon, Montana, and has expanded its hours of
operation from 40 hours per week, to 24 hours per day, seven days per week.
The mill manager is in the process of hiring, and providing requisite training for, the
additional staff, who are expected to be scheduled to undertake the full work week in
a few days.
A large volume dryer has been installed in the mill, capable of handling sufficient
tonnage to allow the mill itself to operate full time. The entire mill product of
concentrated vermiculite has been allocated to customers, with no surplus
production foreseen.
Operations of the mine portion of the plant will occur only during the day shift, but the
mining will result in a sufficient stockpile of ore to feed the mill in continuous 24 hour
operation.
Stansbury Holdings Corporation is a natural resource holding company, whose
website is www.stansburyholdings.com. CONTACT: Aldine J. Coffman, Jr.,
President, 720-748-1407, or fax, 720-748-1408, or ajcoffman@earthlink.net, or Brian
McCarty, Investor Relations, 215-928-9630, or bmccarty@netreach.net, both of
Stansbury Holdings Corporation. SOURCE Stansbury Holdings Corporation
-0- 05/02/2000
/CONTACT: Aldine J. Coffman, Jr., President, 720-748-1407, or fax, 720-748-1408,
or ajcoffman@earthlink.net, or Brian McCarty, Investor Relations, 215-928-9630, or
bmccarty@netreach.net, both of Stansbury Holdings Corporation/
/Web site: stansburyholdings.com -- HSTU027 -- 1233 05/02/2000 09:03
EDT prnewswire.com Copyright PR Newswire 1998. All rights reserved.
COPYRIGHT ¸ 1999 REUTERS LIMITED. ALL RIGHTS RESERVED.
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