International Star Contracts LJ Bardswich Mine Consultant, Inc. to Produce Technical Report on the Van Deemen Gold Project
October 23 2015 - 10:30AM
Access Wire
TUCSON, AZ / ACCESSWIRE / October 23, 2015 /
International Star, Inc. (OTC: "ILST") is pleased to announce that
International Star has contracted with LJ Bardswich Mine
Consultant, Inc to produce a Technical Report on the Van Deemen
Gold Project that is compliant with SEC Guide 7 regulations. The
Technical Report will include an updated resource estimate,
incorporating the additional holes found on maps in the AZ
Geological Survey repository, which should not only enhance ILST
presentations, and the economics of the project, but would also be
a critical component of the pit and heap design, the MPO and
supporting permits (404, APP, AZPDES etc.).
To be able to discuss the merits of any deposit publicly, and
with credibility, requires the utilization of generally accepted
Standards of Disclosure for Mineral Properties. The globally
accepted bench-mark is the Canadian Securities Regulators National
instrument 43-101. SEC Guide 7 regulations have different
definitions than the NI 43-101 definitions, however SEC engineers
recommend an NI 43-101 approach to technical reports (TR),
utilizing the same format, requirements for Qualified Persons (QP)
etc. provided that SEC terminology for definitions of mineralized
material and ore are used.
The Technical Report will be authored by Joe Bardswich, P. Eng.
and Barbara Carroll, CPG. both Qualified Persons as defined by NI
43-101 and therefore meeting SEC Guide 7 requirements.
Mr. Bardswich has been a mining consultant since 1994. He has
been a Director of Northern Vertex Mining Corp since May 4, 2010.
He has been a Director of Theia Resources Ltd. since December 20,
2012. He is a Professional Engineer in the Province of Ontario and
a life member of the Canadian Institute of Mining and Metallurgy
(CIM). Mr. Bardswich is a graduate of the University of Windsor
(B.A.Sc., Civil Engineering) and received his Master's Degree (M.
Eng. Mining) from McGill University. Mr. Bardswich is independent
of the Company.
Ms. Carroll is a geologist with more than 30 years of relevant
experience in the mining industry including modeling, resource
estimation, permitting and feasibility studies. She is a Certified
Professional Geologist by the American Institute of Professional
Geologists and is a "Qualified Person" as defined in NI 43-101
Standards for Mineral Disclosure. Ms. Carroll is not independent of
ILST as she is an officer of the Company.
International Star CEO Mike Shea stated, "Although we are
publicly announcing the project today, we have spent considerable
time in preparation for completing the SEC Industry Guide 7
Technical Report. The 1986 historical report concluded that there
are 34,000 ounces of gold at the Van Deemen Gold Project. I believe
the SEC compliant Technical Report will confirm my internal
analysis that the resource will be significantly increased. This is
a critical step toward bringing the Van Deemen into
production."
About International Star:
(www.ilstholdings.com)
International Star is a mining Company with claims in the Black
Mountains of NW Arizona. Its primary focus is to bring the Van
Deemen gold project into production thereby generating cash flow to
enable growth and sustainability.
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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