Tri-Star Holdings, Inc. (TSHL.PK) was founded with the primary goal of identifying and investing in undervalued companies and technologies with exceptional return potential. The company looks for opportunities that, with the proper funding and support, can generate significantly increased revenues.
Tri-Star is currently forming TriStar Gold to take advantage of precious metals mining opportunities, and has recently begun development of its first gold mine, Lucky Linda #1 in Nevada. The investment is based upon reports from core sample assays taken from various locations on the company’s 160-acre claim, indicating gold concentrations as high as 10 ounces per ton. A secondary round of testing supports the company’s earlier reports on gold and platinum reserves.
Tri-Star is already working on refining operations for the site, and is purchasing a water gravity recovery system from Aero Mining Technologies to process up to 15 tons of raw earth per hour. Aero Mining technicians will train the operators of the equipment, to be manned by an Arizona mining and security contractor. Tri-Star expects to commence operations soon, and is in discussions with officials from the Bureau of Land Management to ensure that all operating and environmental regulations are being met.
The company has also closed the acquisition of two gold mines in Salome valley, Arizona and three copper claims in the Lemhi Mountains of Idaho. The Arizona mines are adjacent to the historic Bunker Hill and Hercules mines, which are estimated to hold more than $50 million in gold ore. The properties are also known to have significant amounts of silver, copper and lead. By acquiring the Idaho copper claims, the company is better diversified within the metals industry. The three claims together potentially hold over $500 million in copper ore.
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