First American Scientific Corp. (fka FASC)

[ptrey]

Chester Mining [CHMN]...Don't know if this info has been posted as I haven't had time to keep up with the boards. 2.3 million shares and no debt.

http://www.chestermining.com/dragon.html

The Dragon Mine
The Dragon Mine is located in Juab County, Utah and is the only known commercial source of halloysite clay in the world outside of New Zealand. The mine closed operations a quarter-century ago and geological records indicate that at least 300,000 tons of high-grade halloysite reserves remain on the property.

Halloysite is a special clay traditionally used to make fine china and porcelains, but also with significant industrial applications such as filtering systems and high-tech ceramics. The purity and quality of halloysite from the Dragon is unmatched anywhere in the world and has spawned considerable research into new product applications. Industry experts from The Phlogiston Company, a Georgia-based consulting firm, concluded that, "The grain size and lack of significant impurity make Dragon Mine halloysite superior to products currently on the market." They added that new applications for the Dragon halloysite could ultimately more than double the current market price of about $500 per ton for currently available, lower grade products.

Halloysite is considered unique partly due its microtubular structure. These microtubules, cylindrical in shape with a hollow core, can be used as time-release mechanisms. The U.S. Naval Research Laboratory is at the forefront of microtubular research, having recently patented a process that allows the sustained release of anti-barnacle agents from paints applied to the hulls of ships. Additional studies have demonstrated that variations of their process have many other commercially-viable uses, ranging from agricultural chemicals to household products. Although microtubules can be produced synthetically, researchers believe that natural halloysite may be preferred as it is environmentally friendly, nontoxic and biodegradable.

The Dragon Mine was acquired in October 2003 and is currently under lease to Atlas Mining Company, subject to a 3% gross royalty and an annual payment of 100,000 shares of Atlas stock. Atlas is currently seeking financing necessary to return the mine to production.