TSHL .0003 print....up on news
Tri-Star Holdings, Inc. Releases Results of Most Recent Lucky Linda Claim Assay, Meets With BLM Officials
Sep 26, 2008 8:30:00 AM
View Additional ProfilesFT. LAUDERDALE, FL -- (MARKET WIRE) -- 09/26/08 -- TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL), a publicly traded company currently on the Over the Counter, announced the Company has released the assay reports completed by Spooner and Associates, confirming the company's existing estimates of its gold reserves in its Nevada mine, the Lucky Linda #1 Claim. The report can be viewed at www.tristargold.com. Mr. Spooner took several core samples from various locations on the 160 acre claim that, when processed by Mr. Chastain, indicated gold concentrations as high as 10 oz per ton of earth. This secondary round of testing is consistent with the company's existing reports on the "Lucky Linda #1" claim's gold and platinum reserves.
Additionally, management is working with officials at the Lincoln County BLM (Bureau of Land Management) to complete the new filing process and to ensure compliance with environmental regulations for the full operation of the mine. The company intends to commence operations as soon as possible. To this end, management has also signed a purchase agreement for the first of its water gravity recovery equipment -- Aero Mining Technologies' new Dove Superminer 150 plant that operates 15 tons of raw earth per hour -- which may be delivered to the property in as few as 30 days.
CEO Anthony Mellone attended the Las Vegas Mining Expo to specifically identify equipment for the mine in addition to personally meeting with BLM officials who will be overseeing the permit process and operation's compliance. "We secured the equipment for a great price and Aero Mining Technologies will send their company technicians to train our operators. In addition to learning about the industry's state-of-the-art technologies, I am very pleased with our first meeting with the BLM. While we have a lot of work to do, I am committed to our compliance with all applicable regulations and environmental concerns. The BLM officials we met with were completely forthright and very encouraging," he said.
For more information, visit www.tristarcorporate.com and www.tristargold.com
About Tri-Star Holdings, Inc.: Tri-Star Holdings, Inc. (the "Company") is a diversified holding company developing and incubating undervalued or as-of-yet unknown technologies, businesses, and assets with massive potential for return on investment and increased shareholder value. The Company's developments are currently poised to mitigate exposure to risk in industries proven to perform amidst economic recession: the precious metals and medical industries.
Safe Harbor Provision
This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of Tri-Star Holdings, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, the availability of technical personnel, changes in technology and competition.
Contact:
Anthony Mellone
President & CEO
Tri-Star Holdings, Inc.
954-772-2640
Email Contact
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