CHICAGO, July 13th, 2005 (PRIMEZONE) – (Other OTC: AMRS.PK) American Stellar Energy 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 have succeeded on increasing Gold recovery rates from 80% to 85% and with regards to Silver from 40% to 82%. With the current estimate of Silver to Gold ratios contained in the La Currita ore, this will increase concentrate values by 44% 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 which 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 through-put rate then newly mined ore.
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