Amir buys control of Arizona Star

A 36% interest of Vancouver-based Arizona Star Resource was recentl y acquired by Amir Mines. The latter purchased 1.2 million shares for $864,000.

In addition, Amir acquired a one-year option to purchase 600,000 shares at $1.35 per share and a 2-year option for 600,000 shares at $2 per share; if all options are exercised, Amir will own in excess of 50% of Arizona Star’s outstanding shares.

Arizona Star is earning a 50% interest in the Van Deemen gold property in northern Arizona, where a heap-leach operation is planned. Exploration work on the property has consisted of surface and underground sampling and reverse circulation drilling. Reserves of about two million tons grading 0.04 oz gold per ton have been indicated to date.

Amir is currently developing heap leach gold reserves in Idaho with joint-venture partners Glamis Gold and Normine Resources.