International Star Provides Van Deemen Progress
October 16 2014 - 9:20AM
Access Wire
WILTON, CT / ACCESSWIRE / October 16, 2014 /
International Star, Inc. (OTC Pink: ILST), provides Van Demeen
project update.
International Star (the "Company") is pleased to provide the
progress made with its Plan of Operations. As previously announced,
the Company delivered its Preliminary Plan of Operation to the
Bureau of Land Management ("BLM"). The BLM has asked the Company to
expand the scope of its Preliminary Plan of Operation to a Plan of
Operations.
The Plan of Operations covers numerous subjects in 18 separate
sections. Sections include but are not limited to, Descriptions of
Plan Operations, Water Management, Rock Characterization and
Handling, Dust Abatement, Reclamation and Monitoring. Each of these
sections are technical and require a thorough review of each
process.
As sections are completed, the Company is providing the data to
the BLM for review and feedback. By example, the following is a
summary of Rock Characterization and Handling requirements,
Rock characterization and handling plans describe how ILST
will manage rock that may require special handling, e.g., due to
its potential to generate acid or deleterious leachate, is to be
managed.62 The plans must include the analytical protocols and
criteria that will be used to identify potential acidic or reactive
rock. The plan must include how such material is to be (1)
identified by testing prior to and during mining, (2) selectively
handled, (3) processed or treated, and (4) reclaimed. These plans
are integral to the "source control" of acid-forming, toxic, or
other deleterious material as described in the performance
standards (Section 5.3.11.1, Source Control Requirements).
To meet these requirements, the Company has submitted rock
samples to an accredited lab for testing.
All this work is primarily being done internally which has
allowed the Company to make substantial progress without
dilution.
Michael Shea, CEO stated, "I realize that this process is taking
longer than planned, however, we are making substantial progress
and look forward to completing the Plan of Operations as quickly as
possible. Management remains very optimistic regarding the Van
Deemen project and looked forward to keeping the investment
community apprised of our progress".
ABOUT INTERNATIONAL STAR
International Star is a junior mining Company with claims in
Arizona. Its primary focus is to bring the Van Demeen gold project
into production. The primary goal is to generate cash flow to
sustain and grow profitability.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to: the impact of economic, competitive and
other factors affecting the Company and its operations, markets,
product, and distributor performance.
CONTACT:
Michael Shea
International Star, Inc.
Phone: (203) 210-5614
Email: Mshea@ilstholdings.com
www.ilstholdings.com
SOURCE: International Star,
Inc.
International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Aug 2024 to Sep 2024
International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Sep 2023 to Sep 2024