Tri-Star Gold, Inc. – A Subsidiary of Tri-Star Holdings, Inc. (TSHL.PK)
Source: http://Blog.QualityStocks.net/?p=13125Posted on Monday, October 27th, 2008 | In Small & Micro Cap
Tri-Star Gold is a mineral exploration company engaged in the acquisition and development of both precious and noble metals. Through its resource properties in the states of Nevada, Arizona, and Idaho, the company has produced platinum, gold, silver, and copper. In addition to its existing claims, Tri-Star has plans for further acquisitions that will strengthen its portfolio.
The first, and perhaps most prominent of Tri-Star’s properties is known as the “Lucky Linda claim”, a 160 acre gold mine located in Lincoln County, Nevada. Said to contain deposits of gold, silver, and platinum, the Lucky Linda claim is currently under analysis for the purpose of locating the highest concentrations of mineral-rich ore. While still in the permitting process, under state law, the company is allowed to extract and process 900 tons of material, which will provide a clearer picture of expected production levels.
Tri-Star’s five other properties are split between Salome Valley, Arizona, and the Lemhi Mountains of Idaho. The company owns 80 percent of the mineral rights to all five; the COS #1/2 claims of Arizona are currently under assay to detect the prominence of gold deposits in the area. Estimates value the claim’s gold ore content at more than $50 million. The remaining three claims (Blue Jay claims 12, 13, and 14) are said to contain unusually high concentrations of copper ore on the order of roughly $500 million worth, concentrated heavily in a single copper-rich vein.
Tri-Star is definitely one to watch; lack of confidence in securities today makes precious metal an attractive investment.
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Arizona, Idaho, Lemhi Mountains, Lincoln County, Message Board, Nevada, precious metal, Small & Micro Cap, state law, Tri-Star Gold Inc., Tri-Star Holdings Inc., USD
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