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qsl

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Alias Born 12/05/2012

qsl

Re: None

Wednesday, 05/01/2013 10:31:49 AM

Wednesday, May 01, 2013 10:31:49 AM

Post# of 4940
What ever happened to the following?

Lone Star intends to raise capital through the Deer Valley Investment Agreement commencing January 2013. In particular, the Company will commence construction as soon as possible on its own on-site processing plant at its Tailings Project near the city of Hidalgo Del Parral in the state of Chihuahua, Mexico. The processing plant will further enhance Lone Star's ability to maximize the silver and gold content per ton of shipment from the project's 1.2 million tons of mine tailings. The plant will use the relatively new benign nitrogen leaching pile process. In Q3 2012, the Company's team in Mexico completed a preliminary leach plant development plan, which includes a processing capacity of 1,000 tons per day (tpd) while avoiding the use of cyanide and having minimal environmental impact. Leach testing has also been completed, which determined that no additional crushing of the tailings material is required and that expected recovery will be between the 88-90% range.

The Company expects the on-site processing plant to be operational within 3-4 months following access to the necessary funding through the Deer Valley Investment Agreement.

Lone Star's President, Daniel Ferris, commented: "We want to thank Deer Valley in bringing the $15 million Deer Valley Investment Agreement. We are now looking forward to a very active first few months of 2013 culminating in concentrate sales possibly commencing in April 2013."


HAS THIS PLANT BEEN CONSTRUCTED?

Just asking...

Roger