Tri-Star Holdings, Inc. Announces Company to Acquire Three Idaho Copper Minesadmin
TRI-STAR HOLDINGS, INC., a publicly traded company currently on the Over the Counter, announced that in addition to its executed letter of commitment to acquire the Blue Jay #12 copper claim in the Limhi Mountains of Idaho, the company has negotiated terms to acquire the nearby Blue Jay #13 and #14 claims. The company is negotiating further arrangements with the current owner and expects to deliver and execute definitive agreements for the acquisition and operations this week. Management expects to release further details upon the closing. The acquisitions of the Blue Jay copper claims will further diversify the company’s holdings to include both precious and non-precious metals as management seeks to attribute to shareholder value by building a diverse portfolio of holdings to mitigate risk in the current economic environment while adding tangible, hard assets to the company’s balance sheet.
CEO Anthony Mellone stated: “These mines are very rich with mineral ores and we are targeting additional properties and claims (to mineral rights) at this time, whether or not we move to aggressively pursue operations. This is an opportune time to acquire properties and claims while real estate values are low. Our vision of growth is to diversify within the mining sector in addition to our overall holdings, and a diverse portfolio of mineral claims will ensure overall stability and protection from fluctuations in individual metals prices in today’s volatile market economy. For this reason, we are aggressively targeting properties with diverse mineral content with a two year outlook for total across the board productivity. As is, precious metals are up and investors are putting money in this sector and we are seeking to appreciate shareholder value backed by mineral assets including a broad spectrum of precious and non-precious elements including gold, silver, platinum and copper among others. We will be one of the big boys in mining.”
For more information, visit www.tristarcorporate.com and www.tristargold.com.