Tri-Star Holdings, Inc., (TSHL.PK), a newly-formed, diverse holding company based in Ft. Lauderdale, Florida, 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. The company is also in discussions with officials from the Bureau of Land Management to ensure that all operating and environmental regulations are being met.
Tri-Star is also actively engaged in evaluating other budding opportunities. The company recently purchased a medical company, and has just signed a letter of commitment to purchase a copper mine in Idaho, with the possible purchase of two additional Idaho mines. In addition, the company’s subsidiary, ERHU, Inc., has begun production of a prototype mobile emergency response unit.
Anthony Mellone, Jr., CEO and chairman, will play a major role in researching promising technologies for the company. An accomplished inventor, Mr. Mellone is the founder of Global TV, Inc., Millennium Entertainment Group, and Third Coast Teleproductions, and has been a driving force in the development of a breakthrough design for the worldwide delivery of high-speed Internet services and video on demand. He has key contacts throughout the entertainment industry.
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