TRI-STAR HOLDINGS, INC. 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.
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