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.

International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more International Star (PK) Charts.
International Star (PK) (USOTC:ILST)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more International Star (PK) Charts.