posted
From what I hear this stock is about to be promoted,not sure by who.But from the last news release it looks like it should be a nice mover.
Posts: 134 | From: Los Angeles CA | Registered: Nov 2004
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posted
News out early this morning that AMVS is 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.Posts: 489 | From: Florida | Registered: Aug 2004
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