International Star Continues Progress on Developing the Van Deeman Project
June 09 2015 - 9:00AM
Access Wire
WILTON, CT / ACCESSWIRE / June 9, 2015 /
International Star, Inc. (PINKSHEETS: ILST) is pleased to provide a
corporate update on project development plans for the Van Deeman
Gold Project located in Mojave County, Arizona, USA.
Due to lower gold prices, the Company has made changes to the
Plan of Operation. The original plan was to crush the ore on site
and haul to an offsite third party processing facility. Instead,
the company has been working with its preferred contractor and mine
engineer to develop a heap leach facility on the Van Deeman
property itself. Doing so substantially improves the economics and
also provides International Star the ability to process ore under
tolling arrangements with nearby/adjacent mines that have not gone
into production due to the lack of processing facilities.
A 2 Phase model approach is now in place for mine development,
to minimize initial Capex and to ensure technical and economic
objectives are met for subsequent Phases prior to proceeding to the
next phase.
Permitting is in progress with Federal, State and local
government agencies. International Star has requested the Arizona
Department of Environmental Quality (AZDEQ) issue a determination
that an Air Quality Permit is not required for the Van Deeman Gold
Pilot Project. Applications for the Stormwater Pollution Prevention
Plan (SWPP), Aquifer Protection Permit (APP) for the 10,000 ton
Pilot Phase I quarry/leach operation, are currently being revised
to reflect the modified plan of operation.
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.
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