CHICAGO, July 13, 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 is currently running at the rate of 86 tons per day. The technical team overseeing operations has succeeded in increasing Gold recovery rates from 80 percent to 85 percent and with regards to silver from 40 percent to 82 percent. With the current estimate of silver to gold ratios contained in the La Currita ore, this will increase concentrate values by 44 percent on a combined basis.
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.
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.