posted
this is interesting its a pink so fundamentals may not be accurate, they filed a 10k in 2005 but used a 2003 OS September 30, 2003 45,116,169.
This began to tank on an 8k filling adding to their 10k's etc. that business may not be able to continue to operate. This is normal in all penny filings. The addition of this may mean absolutely nothing, If I'm right, we'll see a quick turn and move back up.
posted
Great news this morning! - stay tuned for more.
[b]American Stellar Energy Increases Tonnage and Recoveries at La Currita[/b] Wednesday July 13, 9:20 am ET
CHICAGO, July 13, 2005 (PRIMEZONE) -- American Stellar Energy (Other OTC:AMRS.PK - News) is pleased to provide an update with regards to its La Currita Mine and Ore Processing Plant located near Temoris, Chihuahua, Mexico.
The plant is currently running at the rate of 86 tons per day. The technical team overseeing operations [b]has succeeded in increasing Gold recovery rates from 80 percent to 85 percent and with regards to silver from 40 percent to 82 percent.[/b] With the current estimate of silver to gold ratios contained in the La Currita ore, [b]this will increase concentrate values by 44 percent on a combined basis.[/b]
American Stellar is also working to increase the ore tonnage that is being supplied, with regards to the ore contract it previously negotiated, to supply ore from a non-owned nearby mine to generate material to increase the rate of production at the mill.
Additionally, we are in the process of assaying approximately 40,000 tons of tailings that exist from historical milling, when efficiencies were much lower at the plant. If these tailings have sufficient values, they could be used for immediate mill feed with a much higher throughput rate then newly mined ore.
Mr. Francis Biscan, Jr., President of American Stellar Energy stated; ``We will continue to work to maximize the plant and previous mining methods. We are pleased with the results to date and look forward to growing the operation further.''
American Stellar Energy continues to review other significant opportunities in the energy sector, including oil, gas, coal, and uranium. It also continues to evaluate gold and silver properties that would compliment its existing properties outside of Temoris, Chihuahua, Mexico.
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posted
News out early this morning that they're acquiring 800 acres of mining property. I would keep a sharp eye out for any further developments soon, as well.
American Stellar Energy Acquires Option to Purchase 100 Percent of a Group of Former Producing Gold/Silver Mines in Mexico
CHICAGO, Aug. 8, 2005 (PRIMEZONE) -- American Stellar Energy (Pink Sheets:AMRS), through it's 97 percent owned Mexican subsidiary Amermin, has signed an option agreement to acquire a 100 percent interest in the San Miguel Groupings, located near Temoris, Chihuahua, Mexico. The San Miguel Groupings include several concessions and approximately 12 past producing mines, including the high-grade, former-producing San Luis mine.
The San Miguel Groupings concessions are known as Santa Clara, Las Tres S.S.S., San Luis, El Carmen, Swanick, Sangre De Cristo, Las Tres B.B.B., Guadalupe De Los Reyes, San Juan, El Rosario, San Miguel (Head of group) and Empalme. The property lies in the Temoris mining district, part of the prolific gold-silver belt of the Sierra Madre Occidental, just a few kilometers northwest of the town of Temoris. The project covers approximately 800 acres with an estimated six kilometers of strike in the historic gold/silver mining district.
Mr. Francis Biscan Jr., President of American Stellar Energy stated, "We have tied up an amazing set of concessions with not only high-grade, large-tonnage potential, but also with existing mines. These mines could allow for near term exploitation of moderate to high grade gold/silver ore for our La Currita Mill, which is only three kilometers away."
American Stellar Energy continues to review other significant opportunities in the energy sector, including Oil, Gas, Coal, and Uranium. It also continues to evaluate Gold and Silver properties that would compliment its existing properties outside of Temoris, Chihuahua, Mexico.
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American Stellar Energy Discovers a New High-Grade Gold and Silver Zone Across 16 Meters at Their San Miguel Project in Mexico Monday January 30, 9:20 am ET
CHICAGO, IL--(MARKET WIRE)--Jan 30, 2006 -- American Stellar Energy, Inc. (Other OTC:AMRS.PK - News) is pleased to announce further assay results from an ongoing sampling program being completed at American Stellar Energy's San Miguel project located near Temoris, Chihuahua Mexico. In August, 2005, American Stellar Energy, Inc. signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments.
The highlight of these latest assays results is the discovery of a new gold and silver zone in the La Union area that is reporting even higher gold grades than the previous sampling reported on December 8th 2005.
Commenting on the results, Bill Reed, Paramount's Manager of Exploration, Mexico stated, "Both the La Union and San Jose zones at San Miguel are showing very high grades of silver at substantial widths, and we are now finding very attractive gold grades at La Union making this a significant discovery. There is also ample evidence in the way of numerous old mines, workings and prospects between La Union and San Jose to suggest that these two zones may connect together which would amount to approximately 2000 meters strike."
The gold and silver assays are from rock chip samples collected during December 2005 and clearly identify a NNE bearing silver-gold zone in the La Union area. This new zone, near the old La Union Mine, is located approximately 900 meters to the SSE of the San Jose silver anomaly (100 meters by 250 meters, averaging 225 g/t Ag) that Paramount reported in a December 8th 2005 news release, and is along the same belt of quartz and stockwork quartz veins and veinlets. Numerous old mines and prospects between the two mineralized areas at San Jose and La Union follow this trend and are currently being sampled and mapped. Thin soil cover sometimes requires shallow pits or trenches to expose bedrock.
Two detailed sample lines with samples collected every meter were cut across this zone, and 16 one meter long rock chip samples from the west line ran between 0.05 and 3.87 g/tonne gold and 5 to 700 g/tonne silver over a zone greater than 16 meters wide, and a strike length yet to be determined, pending further assay results. The average of the samples reported are 1.24 g/tonne (0.04 ounce/ton) gold and 203 g/tonne (6.53 ounce/ton) silver. This new zone is open to the west and detailed sampling is currently underway to extend this sample line to the west and cut more lines to the north and south along the strike of the vein system.
Detailed geologic mapping and sampling are continuing between La Union and San Jose and are also underway north of the San Jose silver anomaly on the Carmen concession where the Carmen and other old mines and prospects are located.
The assaying of samples was conducted by ALS Chemex labs in Vancouver. The qualified person in charge of the San Miguel project and the person who prepared the technical data in this release is Charles W. Reed, BSc, Mineralogy (Utah).
About American Stellar Energy, Inc.
American Stellar Energy, Inc. is a precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita and developing the San Miguel and La Millionaria projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: www.americanstellarenergy.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
posted
Huge volume today. Apparently investors in PGDP are locking in gains and putting the proceeds into AMRS. With PGDP valued at 18 times more highly than AMRS it is certain AMRS is way undervalued at .24 a share when Joint Venture arrangements between PGDP and AMRS call for a 70/30-split interest. AMRS should be trading at least .74 a share right now. Here is an interesting commentary: http://www.silverinscripture.com/American_Stellar_Energy_Report.html
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