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Gold/Mining/Energy : Star Resources Corp. (SRR.TSE) (SRRCF.NASDAQBB)

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To: Mujibar Bickerstien who wrote (26)	11/26/1996 7:25:00 PM
From: Paul Watkins	of 76

Here is the latest progress report from the Crater. A copy of the site map showing trench locations will be available later today at the Star Resources Web Site or directly via the URL: pwatkins.com Please note the next diamond recovery results are due on December 4th, 1996. Crater of Diamonds State Park Evaluation Program Progress Report #12 Friday, November 22, 1996 Introduction This progress report covers the project activity for the week ending Friday, November 22, 1996. Drilling Contract Layne Christensen mobilized their equipment to the site on Tuesday November 19 and began the set up on the first drill hole on Wednesday and Thursday. Due to the soft ground conditions the set up was slow. The first hole to be drilled is DH 96-1, a vertical hole located in the far southwest corner of the property. Drilling commenced on Friday. Excavation / Transport Set up activities for Trench #2 took place on Monday November 18. This trench was relocated from its original location in the southwest wooded area of the site in order to achieve a broader representation of the geologic units and to avoid environmental sensitive disturbances whenever possible. The revised location was adjacent to the main Park access trail in the south central portion of the visitor search area. The Trench #2 excavation was completed on Wednesday morning in spite of two days of inclement weather. The compound was disassembled and backfilling completed by Thursday. The weather conditions and hauling activities had rutted the access roads so the Contractor mobilized additional equipment to repair the roads. The Contractor also ripped and plowed Trench sites #14 and #2 to the extent that the prevailing weather conditions would permit. Trench #9 was laid out, scalped and the compound fencing erected by Friday November 22. No excavation will commence until all the access road repairs are completed. Quantities Trench #2 11/19/96 1,038,420 lb. 11/20/96 275,360 lb. Total 1,313,780 lb. or 656.89 tons Plant Operation Ore Preparation Plant and DMS Plant continued the processing of the second set of the Trench #14 material. The green material from Trench 14 (referred to as 14A) was processed the prior week and the processing of the brown material (14B) was completed on November 17. The summary processing data for Trench #14 is: Trench #14A Trench #14B Total Feed (tons) 314 328 642 Plant Hr. 43.0 42.0 85.0 Avg. Ton/Hr 7.3 7.81 7.55 Plant Availability 93.4% 90.0% 92.7 Tailings (tow) 56 92 148 % +1 mm 18% 29% 23% Concentrate (lb.) 85 lb. 90 lb. 175 lb. The Ore Preparation Plant and DMS Plant started processing the Trench #2 material on Tuesday November 19 and completed the operation on Friday November 22. The summary processing data for Trench #2 is: Total Feed (tons) 637 Plant Hr. 64.5 Avg. Ton/Hr l0.18 Plant Availability 90% Tailings (tow) 50.74 % +1 mm 12.3% Concentrate (lb.) 1,360 lb. Diamond Recovery Representatives from Lakefield arrived on site on November 19 to conduct the diamond recovery on the accumulated heavy media concentrates. The weight of the concentrate processed and the processing date is indicated on the following Table: Trench # Date Weight 14A 11/19/96 85 14B 11/20/96 90 13 11/21/96 320 8 11/22/96 270 2 11/23/96 1,360 For each separate set of DMS concentrate the following products were collected from the diamond recovery operation: * X-Ray Sortex Concentrate * Grease Table (lmm - 2mm) * Sortex Grease Table * Grease Table - Attrition * +12mm to -l6mm Fraction All of the concentrates were placed in separate containers and transferred to the locked cage in the Sort Room for future sorting. Diamond Sorting No diamond sorting was conducted during this reporting period. For further information please contact: Star Resources Corp. Tel: (713) 870-9882 E-Mail: dedwards@compassnet.com

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