Today, Tri-Star Holdings, Inc. released the following shareholder update and address from President Anthony Mellone in reply to investor inquiries regarding the management’s recent visit to the Wickenburg mine:
“On Thursday, Robert Chastain began training improved technique in the way of the trammel’s operation to increase yields and processing efficiency. After increasing the water flow and decreasing the overall pitch, we started seeing gold. Once the equipment was calibrated we retrieved 1.4 grams of gold flakes and pieces out of one wheel barrel sample that had previously been processed with no yields.”
“To boost our processing, we have begun digging a holding pond for water to be drawn on site. We also took out a one-inch layer of black sand and gold dust we believe to contain as much as 30% gold dust in the black sand. We estimate that we should retrieve one ounce per ton of gold (let alone silver and platinum) to start with. Azrock Mining should be processing upwards of 35 tons per day beginning this week with our current scale of operation.”
“Assuming that all runs smoothly and barring any equipment delays, we should be able to maintain processing 35 tons a day, generating at least $20,000.00 a day in gold recovery revenues for the first two to three weeks ($140,000.00 producing seven days a week). We also anticipate the arrival of additional equipment on site within a week that, if on schedule, will boost our production to 100 tons a day. Production should reach full scale operations at 200 tons processed per day within two months — a major landmark for the company.”
“We are now processing the video footage from the operations, and compiling pictures of the extracted gold and plan to have this content posted on www.tristargold.com by Wednesday. Additionally, all dividend shares have been mailed out. Registered holders will receive them at their registered address, and those held “in street name” will be received by the various financial institutions. If you have any questions about your dividend shares, please begin by inquiring with your broker.”
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