International Star Provides Corporate Update
(firmenpresse) - WILTON, CT -- (Marketwired) -- 11/19/13 -- International Star, Inc. (OTC Pink: ILST), is pleased to announce a Corporate Update.
On October 30th and 31st, 2013, International Star, Inc. appointed a new slate of Directors and Officers with the purpose of moving the Van Demeen gold claim into production.
The new Board and Management Team is led by Michael Shea, CEO & President, Howard Metzler, VP of Operations, Barbara Carroll, VP of Project Development and Donnell J. Vigil, Corporate Secretary.
Mr. Shea is a Wall Street veteran with over 30 years of finance experience, as well as, 5 years of mining experience. Both Mr. Metzler and Ms. Carroll have 30+ years of geological and mining experience in addition to being long time registered geologist. Mrs. Vigil has considerable legal experience and has extensive knowledge with operating public companies.
Resigning as Directors and Officers are Virginia Shehee, Sterling Redfern and Jackie Wine. Mr. Shea commented, "The new management team wishes to thank the previous Directors/Officers for their substantial contribution to International Star. Under their leadership, the Van Demeen prospect was advanced to a state, where the new team can move it into production."
The Van Deemen Mine property consists of five unpatented lode mining claims totalling approximately 100 acres acquired through a lease agreement with La Cuesta International, Inc. in April of 2011. The Company has also located 18 unpatented lode claims in the area surrounding the Van Deemen Mine, which have been staked and recorded with the U.S. Bureau of Land Management and the Mohave County Recorder.
A check of the historic resource by Carroll and Metzler shows good agreement of the reported 34,000 ounces of near surface gold with grades ranging from 1-3 grams per ton. The purpose of the report was to demonstrate that the historical exploration data confirm that the project merits additional work to verify previous defined mineralization.
The next phase of the project involves reassay of existing pulps to confirm grade as well as representative samples to run column tests to determine leach characteristics of the ore types. Metzler and Carroll are actively working with Bureau of Land Management ("BLM") and other regulatory agencies to obtain the required permits.
The Company is excited to move the Van Demeen towards production and will be hosting a new website with substantial geological information, resumes on the new management team, and regular updates. The new website and updated financials filed on OTCMarkets will be accomplished shortly.
ABOUT INTERNATIONAL STAR
International Star is junior mining Company with several claims in Arizona. Its primary focus is to bring the Van Demeen gold project into production. The primary goal is 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:
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Datum: 19.11.2013 - 15:06 Uhr
Sprache: Deutsch
News-ID 318239
Anzahl Zeichen: 0
contact information:
Town:
WILTON, CT
Kategorie:
Mining & Metals
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