To: StocksDATsoar who wrote (44410 ) 4/24/2000 9:16:00 AM From: Jim Bishop Read Replies (2) | Respond to of 150070
STBY news: DENVER, April 24 /PRNewswire/ -- Stansbury Holdings Corporation (OTC Bulletin Board: STBY) announced today that it awarded a grant to three students at Montana Tech for research into several aspects of vermiculite, including its possible use in remediation and reclamation of mines which produce acid rock drainage, known as "ARD". ARD pollutes streams into which the mine drainage flows, and is often fatal to fish and other wildlife which inhabit the streams. The students, under the direction of Professor Bill Gregor, Ph.D., and the administration of the Montana Tech Foundation, are utilizing exfoliated vermiculite in laboratory and field tests at sites under the research direction of Montana Tech. Such a treatment of acid rock drainage with exfoliated vermiculite, if proven to reduce the toxicity of the drainage from a number of mines in the west, will offer an economical solution to a problem that has plagued environmentalists, bureaucrats and mine owners for years. The students will also provide a report containing recommendations for a public education program to correct much of the current misinformation regarding vermiculite and asbestos which is being published and disseminated. The results of the study are expected to be reported in May. Stansbury Holdings Corporation is a natural resource holding company, whose website is www.stansburyholdings.com . Stansbury owns two large vermiculite deposits in Montana, and is conducting mining and milling operations on the deposit near Dillon, Montana. For Further Information, Contact: Aldine J. Coffman, Jr., President Brian McCarty 8801 East Hampden Avenue #200 Investor Relations Denver, Colorado 80231 Philadelphia, PA Telephone: 1-720-748-1407 1-215-928-9630 Facsimile: 1-720-748-1408 SOURCE Stansbury Holdings Corporation -0- 04/24/2000 /CONTACT: Aldine J. Coffman, Jr., President of Stansbury Holdings Corporation, 720-748-1407, or fax, 720-748-1408; or Brian McCarty, Investor Relations, 215-928-9630, for Stansbury Holdings Corporation/ /Web site: stansburyholdings.com / (STBY) CO: Stansbury Holdings Corporation ST: Colorado, Montana IN: MNG SU: