CHICAGO, February 15, 2006 (MARKETWIRE) – (Other OTC: AMRS.PK) American Stellar Energy, Inc. is pleased to announce further assay results from an ongoing sampling program being completed at American Stellar Energy's San Miguel project located near Temoris, Chihuahua Mexico. In August, 2005, American Stellar Energy, Inc. signed an agreement with Paramount Gold Mining Corp. giving Paramount the right to earn up to a 70% interest in the project by spending US$2.5 million, delivering 700,000 shares, and making various payments.
The highlight of these latest assays results is the discovery of a new silver zone on the Sangre de Cristo concession that is immediately north of American Stellar Energy's recently acquired La Blanca silver zone, where War Eagle previously reported 6 million tonnes averaging 4.7 ounces per tonne silver.
Commenting on the results, Bill Reed, Manager of Exploration, Mexico stated, "Recently reported silver assays from a sampling and mapping program in the Sangre de Cristo area has identified a mineralized N30 - 45W trending zone averaging between 2 and 14 meters in width for more the 600 meters along strike. The close proximity of this new silver discovery to the La Blanca zone will enhance the silver resource already identified at La Blanca."
Rock chip samples were collected across a mineralized zone with a width of 7 meters averaged 295 grams per tonne silver (9.5 ounces/ton). A group of rock chip samples collected across 14 meters in pit #2 averaged 224 grams per tonne silver (7.2 ounces/ton). A group of rock chip samples collected across two old adits excavated within a mineralized dacite dike averaged 706 grams per tonne silver (22.8 ounces/ton) across 7 meters. The entire dike was not exposed across its full width. Gold values within all these zones are in the 0.10 to 0.50 grams per tonne range.
The assaying of samples was conducted by ALS Chemex labs in Vancouver. The qualified person in charge of the San Miguel project and the person who prepared the technical data in this release is Charles W. Reed, BSc, Mineralogy (Utah).
About American Stellar Energy, Inc.
American Stellar Energy, Inc. is a precious metals exploration and development company with existing production. It is management's objective to become a significant gold and precious metals producer by increasing our current production at La Currita and developing the San Miguel and La Millionaria projects in Mexico, and by acquiring other advanced-stage projects and/or producing mines in one of the most prolific precious metal districts in the world. For more information, please visit the Company's web site at: www.americanstellarenergy.com
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT:
American Stellar Energy, Inc.
Website: http://www.americanstellarenergy.com
IR / Clayton Smith: (503) 618-0370 / 888-601-9983
Francis R. Biscan Jr.: 630-462-2079
Contact:
http://www.americanstellarenergy.com/contact.php
|