CHICAGO, Aug. 10, 2005 (PRIMEZONE) -- American Stellar Energy (Pink Sheets:AMRS) is pleased to provide an update with regards to its La Currita Mine and Ore Processing Plant located near Temoris, Chihuahua, Mexico.
The plant shipped its first 5 tons of gold/silver concentrate on August 1st to the Smelter in Torreon and a second shipment of 6 tons was shipped yesterday, August 9th, and will be received at the Torreon Smelter today, August 10th. The loads of concentrate, which was fire assayed prior to leaving the La Currita Mill, yielded 21.5 kg. AG per metric ton of concentrate or (690.17 Oz.) and 280 gr. AU per metric ton of concentrate or (9 Oz.)
Mr. Francis Biscan Jr., President of American Stellar Energy stated; "These are exciting times for our company and we have many ways to multiply our current results. The acquisition outlined on August 8th, should provide ore grades that are nearly double of that which we have been running in the start up phase at La Currita with a relatively short distance to the mill."
American Stellar intends on spending some of that money on enhancements to the plant in order to achieve higher production rates, better recoveries, and more run days per month. We have also successfully increased 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 for mill feed.
American Stellar is pleased to announce that final completion efforts have been realized at our 45% owned "Hilltop 1" well in Corsicana, Texas, with Initial Production results expected shortly.
American Stellar is also pleased to announce the launch of our new website, located at the same address www.americanstellarenergy.com
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.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above.