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ShortTermMemory
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Press Release Source: American Stellar Energy Inc.


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.
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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

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A 'Stellar' Opportunity


If any of you aren't already aware of the recent nosebleed rise in price of Paramount Gold's stock, I suggest you take a look (PGDP.PK 6-month Chart). I myself was unaware of Paramount Gold until mid-December of this past year, when I was fortunate enough to acquire a position at $.86/share. Paramount Gold now trades at $3.58/share just a few weeks later (closing 1/18/06). Now don't misunderstand me, I'm not promoting Paramount Gold, this report is about the little known American Stellar Energy (AMRS.PK). I've since sold my position in Paramount Gold to lock in gains, and I've reinvested a portion of that money into AMRS.

One thing to recognize is that Paramount has the ability to raise substantial amounts of money in short order, as evidenced by their two recent above-market financings, which together raised $1 million. This is extremely good news for their JV partners, and AMRS is partnered with them in 2 of its 4 properties.

AMRS currently trades at $0.099/share (closing 1/18/06), and has about 62 million outstanding shares. This equates to the very modest market capitalization of $6.14 million. Contrast this to Paramount Gold's over 30 million outstanding shares at $3.58, making for a market capitalization of $107.4 million.

The First Property in which American Stellar Energy is Joint-Ventured with Paramount Gold is the San Miguel Groupings:

The San Miguel District is made up of several concessions and past producing mines known individually as San Miguel (the head of the group), Santa Clara, La Blanca, San Luis, El Carmen, Swanick, Sangre, Sangre De Cristo, Guadalupe De los Reyes, San Juan, El Rosario, Empalme, Las Tres S.S.S., and Las Tres B.B.B.

The JV agreement will allow Paramount Gold to acquire a 70% interest in the property, AMRS retaining their 30%. Paramount currently has the rights to 25% of the property. In order to exercise their full rights, Paramount must:

Pay AMRS a total of $400,000 ($300,000 paid thus far) to acquire 35% interest.

Issue to AMRS a total of 700,000 shares of their stock. (300,000 are being issued to AMRS at this time)

Spend a total of $3.5 million on exploration work, plus other payments.

Pay AMRS $50,000 or an equivalent value of its shares annually.

Paramount is planning to commence an extensive drill program on the San Miguel property in February of 2006.

The Second Property in which American Stellar Energy is Joint-Ventured with Paramount Gold is La Blanca (adjacent to San Miguel):

At La Blanca, previous drilling indicates a block of over 6 million tonnes, grading 4.7 ounces silver per ton, and .013 ounces gold per ton. That's over 28.2 million ounces silver and 78,000 ounces gold, of which bench mark metallurgical testing shows that recoveries of 90% are possible using flotation (a relatively cheap and easy way to extract the gold and silver).

With 90% recovery, that's 25.4 million ounces of silver and over 70,000 ounces gold.

Bill Reed, Paramount's exploration officer, stated that “We are planning an extensive drill program that I believe will not only validate this resource, but add significantly to it.”

In fact, it has been concluded by Paramount Gold that tonnage can be increased 2-3 times by exploring below the current level of penetration.

Bill Reed was the former Chief Geologist (1998-2004) for the Mexican subsidiary of Hecla Mining.

Paramount is planning to commence an extensive drill program on La Blanca in February of 2006.

This agreement allows Paramount to acquire a 70% interest, AMRS retaining their 30%. In order to fully exercise their rights, Paramount must:

Pay an initial $50,000 to the property owner (done).

Pay the property owner an additional $960,000 within a 10-month period commencing January 31, 2006.

Make 80% of all future property payments.

If Paramount chooses to exercise its full 70% interest in both properties before year-end 2006 (which seems very likely), then the total compensation to AMRS would be:

700,000 shares of PGDP, currently (closing 1/18/06) valued at $2.51 million US.

$50,000 US yearly.

80% of all future property payments on La Blanca.

A virtual free ride on exploring the historically prolific San Miguel Groupings as Paramount will be spending $2.5 million on exploratory costs.

The 700,000 Paramount shares alone represent over 40% of AMRS's current market capitalization! That's pure profit which could be realized in less than 1 year from now!

There is a hold time of 1 year on the 700,000 shares. As to what might be done after this period, I can think of two options:

Sell them to fund operations

Distribute them to shareholders of AMRS as a dividend.

American Stellar Energy also owns 2 other properties:

La Currita:

Active mine, with a 150 ton/day mill.

Currently generating revenue of about $110,000/month.

With the proposed plans to upgrade the mill and ramp up production to full capacity (currently running at about one-half), La Currita operations should easily cover all company expenses in the future and still show a profit.*

*AMRS has very moderate overhead costs with a high percentage of all money going into the ground.

La Millionaire:

Looking for a strong Joint Venture Partner.

Outcrop portion of vein estimated at 1.8 million tonnes, grading at 8g/tonne gold.

Mine tailings remaining from a previous small mining operation are estimated to be 29,000 tonnes at 9.6g/ton gold.

Combined, the above numbers indicate that there remains at least 472,000 ounces gold yet to be exploited, with a fraction of the property being explored to date.

It's only been a little over 7 months since Francis R. Biscan, Jr., President of American Stellar Resources, visited Mexico and acquired the four aforementioned properties in May of 2005. With 2 joint ventures already completed, and the continuing operation of the La Currita mine (it was already producing when acquired), this represents some fast and impressive work. And it appears we can expect more of the same in the future.

Look for a name change in the near future. The probable change will turn what is now American Stellar Energy to Tara Gold Mining Corp. This change alone will bring much more exposure to the company as it clarifies the company's position and objective. The “Energy” in American Stellar Energy used to stand for the oil and natural gas properties* that the company once owned, but they have since been sold in order to focus on the mining of silver and gold in Mexico.

*Currently, management has no plans to become involved again in oil and natural gas properties.

Francis Biscan has a number of contacts in Mexico, and this allows him to scope out attractive properties and bring them to the table for Paramount and others to consider. Thus, the plan of the American Stellar is simple: discover promising mining opportunities, work out a JV with a partner, and begin realizing significant cash-flow once the properties are brought into production or bought-out. Thus, when all is said and done, AMRS will be able to reap significant profits while spending very little capital.

It's simply amazing that Paramount is valued almost 18 times more highly than American Stellar, when their JV arrangements call for a 70/30-split interest. Furthermore, American Stellar Energy has two additional properties (100% owned), including a producing mine, as well as one other property that is in the works.

In contrast, Paramount Gold has one other property, the Linda Property in Peru, within which they can only become 51% operator according to the terms of the JV arrangement between Minera ABX Exploraciones (a subsidiary of Barrick Gold) and themselves. Besides, this Peruvian property seems to be in an early stage of development, and it also appears that the majority of Paramount's value lies in it's two Mexican properties, within which they are joint-ventured with American Stellar Energy.


Valuation
If AMRS were to be valued at 43% of Paramount Gold (30/70 relationship), it would then trade at around $.74/share, an increase of more than 700% over the January 18, 2006 closing price.

I do not think this price is unreasonable, and I attribute the delay of parallel price appreciation with Paramount Gold to a lack of PR exposure. This problem should be solved in the near future, because as soon as revenue starts to flow in and AMRS becomes a fully reporting company, Francis Biscan plans to hire a respectable PR firm with cash. The delay of hiring a PR firm up till now was the result of Francis Biscan not wanting to dilute the share count any further.

For another valuation exercise, let's say that Paramount exercises their full 70% rights to La Blanca, begins their intensive exploration program, and eventually drill proves what could potentially represent 100-150 million ounces of silver. Using 125 million ounces, at a 1:60 price ratio between gold and silver (i.e. $9 vs. $550), the gold equivalent within La Blanca would amount to almost 2.1 million ounces.

Once having accomplished the exploratory work necessary to prove the in-ground reserves/resources, the goal of both Paramount and American Stellar would be to sell the property to an industry major for a price of around $125 per ounce of gold equivalent. Using the $125/ounce buyout price and 2.1 million ounces of gold equivalent, a profit of $262.5 million dollars would be realized from the sale of the La Blanca property, minus any exploration costs in excess of the budgeted $2.5 million (the obligation of Paramount Gold). Split 70/30, American Stellar Energy would receive almost $79 million after the sale, an amount equal to nearly 13 times their current market capitalization. And remember that La Blanca is only one of American Stellar’s four properties!

Francis Biscan, President of American Stellar Energy, owns about 12% of AMRS's outstanding shares, and he has avoided dilution by investing hundreds of thousands of dollars of his own money into his company. He doesn't plan on raising any significant funds until substantial price appreciation occurs, and there is even a strong possibility that such fund raising will never again be necessary due to very low cash obligations, which are currently:

$65,000 in the next six months for the San Miguel property payment (paramount pays the remaining 35,000). This payment will again come due after an additional six-months, but more than likely the payment will lesson to either $45,000 or $30,000, since Paramount is likely to increase their percent interest in San Miguel.

After November 30, 2006, %658,000 spread over the next 3 years for the La Blanca property (Paramount pays the remaining $2,632,000)

That amounts to a maximum cash obligation of $130,000 over the next 1-year period, and more than likely it will be closer to $110,000. That's it, and it's entirely possible that the profit coming in from the La Currita mine will be able to pay for this, meaning no need for further dilution.

The Quick Facts:

There are currently:

No long term debt obligations.

No options outstanding.

No preffered shares outstanding.

1.4 million warrants exercisable at $.12/share, all expiring 3/15/06.


Excellent TA Charts
by Roy Martens
Daily and Weekly Analysis of AMRS


To conduct further due diligence visit:


www.americanstellarenergy.com
www.paramountgold.com


Active Message Boards:


Raging Bull AMRS
Investors Hub (IHUB)


Contact Information:


Francis R. Biscan, Jr.
Phone: 630-462-2079
Fax: 630-462-1224
E-Mail: americanstellarenergy*comcast.net

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superman7
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been watching it for a while...greatly undervalued was just waiting for a dip not going to get one it looks like so i just got in...only 5100 shares....will buy more soon [Smile]

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please dont trade stocks on my alerts, do your dd first.

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ShortTermMemory
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I loaded up today, called the TA and the O/S has stayed at 69 million for 3-4 months, at .20 a market cap of 14 million just doesn't make since. This will see a dollar soon...
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superman7
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i agree 100% and when it gets of the pinks will see even more....if u like silver check out CDE and CDM(canadain) its the same stock breaking new highs, largest silver producer in the world and wayyyyy undervalued!!

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please dont trade stocks on my alerts, do your dd first.

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ShortTermMemory
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Hoping to close at .22 HOD
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superman7
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does no one else like this stock??

surprising!!! i think this one will be HUGE!!

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please dont trade stocks on my alerts, do your dd first.

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ShortTermMemory
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DJ NY Precious Metals Review: Silver Hits 19-Yr High; Gold Up

NEW YORK (Dow Jones)--Strong buying in Tokyo overnight bolstered Comex gold demand at the open at the New York Mercantile Exchange on Monday then led to a higher close for the entire precious metals complex as silver reached a fresh
19-year high.

Silver, which has continued to be buoyed by news that Barclays Global Investors last week said its silver exchange-traded fund appeared to be moving closer to approval, reached a fresh 19-year high on Monday at $9.810 an ounce and is eyeing the $10 an ounce mark, traders and analysts said.

The last time silver breached the $10 mark was on April 27, 1985 when it
reached a high of $11.25 an ounce.

The most active March silver contract settled Monday up 17.0 cents at $9.775
an ounce while most-active February gold ended the session up $7.00 at $565.80
an ounce.

Frank Lesh, a futures analyst with Rand Financial Services in Chicago, said
gold is seeing continued strong interest from speculators but is also being
supported by geo-political concerns.

"There is potential for more trouble in the Middle East," said Lesh
re-affirming gold's safe haven status.

Meanwhile, Patrick Lafferty, a commodity trading advisor with Man Financial
in Chicago, said gold remains on a solid uptrend after having tested recent
highs and holding at those levels.

"The bullish fundamental framework is in place and people do not want to sell
this market right now," said Lafferty.

Lafferty added that if gold can break above the $572-$574 an ounce area then
the next significant upside test is $584 an ounce.

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ShortTermMemory
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.25/.255
up over .10 sense I first mentioned this gem

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superman7
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gapping

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please dont trade stocks on my alerts, do your dd first.

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ShortTermMemory
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This is a great play.
Great prise to get in, we should at least see .50 soon.

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ShortTermMemory
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.25/.265

http://www.paramountgold.com/Projects/Mexico/San_Miguel.asp

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ShortTermMemory
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.27
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matto
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GOLD 2006-APR 576.400 -0.400 575.800 577.300/573.700
SILVER 2006-APR 9.907 EVEN - -
COPPER 2006-APR 2.290 -0.006 2.280 2.290/2.290
PLATINUM 2006-APR 1,087 -2.300 1,085 1,090/1,082
PALLADIUM 2006-MAR 316.500 7.650 324 322.500/314.400
ALUMINUM 2006-APR 1.206 EVEN - -

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Trading is a blast!!

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amer12ca
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Guys.. Is this still a good entry? I have been trying to get for 0.25 and it is not getting filled..
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amer12ca
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Hmm.. nobody answered. anyhow did some DD and learnt Silver is becoming hot and I got in at 0.24 and now at 0.26. not bad.
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ShortTermMemory
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This is an excellent entry, i could have a dip from here but for a longer term play you should be great, I got in at .16
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amer12ca
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Great. Thanks. The more I do DD, I am happy about this.
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NEWS

American Stellar Discovers a New Silver Zone at San Miguel, Sangre De Cristo Assays Up to 706 gpt Silver Across 7 Meters

CHICAGO, IL, Feb 15, 2006 (MARKET WIRE via COMTEX) -- American Stellar Energy, Inc. (OTC: AMRS) 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 silver zone on the Sangre de Cristo concession that is immediately north of American Stellar Energy's recently acquired La Blanca silver zone, where War Eagle previously reported 6 million tonnes averaging 4.7 ounces per tonne silver.

Commenting on the results, Bill Reed, Manager of Exploration, Mexico stated, "Recently reported silver assays from a sampling and mapping program in the Sangre de Cristo area has identified a mineralized N30-45W trending zone averaging between 2 and 14 meters in width for more the 600 meters along strike. The close proximity of this new silver discovery to the La Blanca zone will enhance the silver resource already identified at La Blanca."

Rock chip samples were collected across a mineralized zone with a width of 7 meters averaged 295 grams per tonne silver (9.5 ounces/ton). A group of rock chip samples collected across 14 meters in pit #2 averaged 224 grams per tonne silver (7.2 ounces/ton). A group of rock chip samples collected across two old adits excavated within a mineralized dacite dike averaged 706 grams per tonne silver (22.8 ounces/ton) across 7 meters. The entire dike was not exposed across its full width. Gold values within all these zones are in the 0.10 to 0.50 grams per tonne range.

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.

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No longer eligible for government service due to lack of tax issues.

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Tara Gold Resources Reports 11.31 Grams/Tonne Gold and 87 Grams/Tonne Silver Across 25.8 Meters
Thursday February 23, 8:38 am ET


CHICAGO, IL--(MARKET WIRE)--Feb 23, 2006 -- (Other OTC:TRGD.PK - News) Tara Gold Resources Corp., formerly American Stellar Energy, Inc. (OTC BB:AMRS.OB - News) is pleased to announce the start of a trenching program and further assay results from its continuing sampling program at its San Miguel project located near Temoris, Chihuahua, Mexico. In August, 2005, Tara Gold Resources Corp. signed a Joint Venture 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.
ADVERTISEMENT


The highlight of these latest assays results is a detailed channel sample across the San Luis zone that assayed 11.31 g/t gold and 87 g/t silver over 25.8 meters. The strong potential of this high grade gold zone was first reported on October 2005 in a NI43-101 technical report completed by Jon Lehmann, L.P.G. Mr. Lehmann reported a channel sample that assayed 85.2 g/t gold and 339 g/t silver across 15 meters at the 300 foot level in the San Luis mine.

Commenting on the results, Bill Reed, Paramount's Manager of Exploration, Mexico stated, "There appears to be a significant amount of high grade gold mineralization left within the San Luis mine, however the extent and size of the mineralized zone is unknown. One goal of the upcoming trenching program will be to locate this zone on surface to help identify the three dimensional shape ahead of a drill program, which will commence by late March."

Why can't Scottrade get their name changes quickly updated?Still have the old AMRS## at their old value while it is up 16% today.

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Despite the high cost of living it remains popular

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