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Gold/Mining/Energy : Standard Mining, ( Formerly Quest International ) -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (341)	2/21/2000 11:00:00 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 462

Back to Basic info on Standard, With the new activity in Gold, Looks like we might get new some investors. When the bashers show up. I will have fun. so here we go. XXXXXXXXXXXXXXXXXXXXXXXXXX NEWS RELEASE 1999 Release Number 8 September 14, 1999 Standard Mining Corporation Suite 710 - 800 West Pender Street Vancouver, BC Canada V6C 2V6 Tele: (604) 689-0489 Fax: (604) 681-5910 TSE Symbol: SDM CORPORATE UPDATE STANDARD MINING CORPORATION is pleased to announce a number of important events that have occurred recently within the Company. Funds have been raised, debts significantly reduced, litigation issues resolved and the exploration work program on the Zopilote property in Honduras has been advanced. These events coupled with the consolidation of the company stock, new management and directors, name change and cost reduction measures have combined to create a financially healthier company ready to move forward on to its stated goal of becoming a producer in the short term. The Company was recently successful in completing a 4.5 million unit private placement that raised $900,000. A portion of the funds that were raised is being used to pay down a majority of outstanding debts, that totaled about $1.2 million. Creditors agreed to a restructuring plan under which they received a percentage of their debt in cash. I would like to thank these companies for their consideration in this matter. This will allow the Company to start focusing on advancing its projects and finding joint venture partners for some of its properties. In addition the Company is pleased to announce that it has been able to settle two litigation issues that had been accrued on the Company?s financial statements for some time. Both of these litigation scenarios were based in the United States and involved persons who had either worked for the Company or contracted to it. The Company?s exploration program is continuing at its Zopilote property in Honduras. A senior mining company and Standard have joined forces to expand the soil-sampling grid on the property. Standard has agreed to let the senior company review all soil-sample assays on the property in return for that company paying for the assaying costs associated with the collecting of the soil-samples by Standard personnel. There is no other obligation by Standard to the senior company. Soil-sampling to date has shown that the anomalous zone is much larger than first anticipated. The soil-sampling continues to identify drill targets which could possibly expand the existing gold resource. The Company is preparing to review past work on the Damoti Lake property in the NWT. The property is located approximately 200 km North of Yellowknife. It is a ?Lupin-Style? banded iron formation gold deposit with a drill-indicated resource of 620,000 ounces. The property is structurally complex with many high-grade gold intersections. An exploration program will be designed to continue the exploration on strike. The structure appears to be continuous over a length of 12 to 13 km. Standard is an exploration and mine development company traded on the TSE with its head office located in Vancouver, BC. For further information, contact Mr. Paul Saxton, President and CEO of Standard Mining Corporation Phone (604)-689-0489 or Fax (604) 681-5910. XXXXXXXXXXXXXXXXXXXXXXXXX Here is BIG news , IMO. if Standard, or should I say, When they get a deal, it will change company. XXXXXXXXXXXXXXXXXXXXXXXXX NEWS RELEASE 1999 Release Number 9 July 2, 1999 Standard Mining Corporation Suite 710 - 800 West Pender Street Vancouver, BC Canada V6C 2V6 Tele: (604) 689-0489 Fax: (604) 681-5910 TSE Symbol: SDM SAMPLE RESULTS RELEASED STANDARD MINING CORPORATION is pleased to announce that soil sampling at Standard?s 150 square kilometre Zopilote gold property in Honduras has revealed an extensive new gold soil anomaly. The new anomaly occurs mainly along the Calpules lineament and is larger than the existing gold anomaly over the known Zopilote gold deposit that currently has a combined gold resource of 446,000 ounces of gold. Since January of this year, additional reconnaissance soil samples have been collected on 100 metre spacing over 3 kilometres. Assay results show excellent correlation of anomalous gold values along liner trends. The Zopilote property lies within the NE-trending ?Motagua Gold Trend? which encompasses Geomaque?s nearby Vueltas del Rio gold deposit (under development), Greenstone?s new San Andres gold mine, and Glamis Gold?s discovery at Cerro Blanco in Guatemala. This gold trend hosts significant gold resources and reserves. The trend is over 300 kilometres in length and is only partially explored. CALPULES SOIL ANOMOLY - Reconnaissance soil sampling has identified a continuous gold anomaly (>100ppb Au) along the east-west Calpules topographic lineament. The anomaly is 3,000 metres in length, up to 500 metres in width, and remains open to the east along the trace of the lineament. Soil values are commonly 200 to 700+ ppb Au with a high value to date of 1.62 gpt Au. Local soils are thin (15 to 25 cm) and rest directly on shattered quartz-feldspar-muscovite gneiss of the Cacaguapa Schist (Paleozoic basement). The conspicuous Calpules lineament projects across the main access road on the property where 105 metres of anomalous bedrock (0.3 gpt Au) are exposed. The Calpules lineament represents a large new target and appears extremely prospective where it locally intersects the NE-trending Limones lineament. ZOPILOTE SOIL ANOMALY - Continued soil sampling in the vicinity of the Zopilote gold resource (446,000 oz. Au) has extended the NE-trending Zopilote gold soil anomaly by an additional 500 metres to an overall length of 2,200 metres with a width of 150 to 400 metres. Ore-grade gold mineralization is present in numerous drill holes and surface trenches. Drilling has tested less than 30% of the Zopilote soil anomaly. As well, soil sampling at Cerro Caliche has revealed a linear gold soil anomaly that extends for 800 metres along the suspected contact between gneissic basement rocks and a local limestone unit. This gold anomaly represents a new geologic target at Zopilote. These new anomalies represent a significant opportunity for Standard to increase its resource base in Honduras. A drill program has been recommended to test these areas. Standard Mining Corporation presently has interests in gold, base metal, and diamond properties in the U.S. , Canada, and Central America and is seeking joint venture partners. For further information, contact Mr. Paul Saxton, President and CEO of Standard Mining Corporation Phone (604)-689-0489 or Fax (604) 681-5910. Standard is an exploration and mine development company traded on the TSE with its head office located in Vancouver, BC.