TONOPAH, Nev., June 25, 2013 /PRNewswire/ -- Standard Gold Holdings, Inc. (OTCQB: SDGR) (the "Company") announced to its shareholders that the Company is making progress towards its operating goals at its Tonopah, Nevada property.
The Company is submitting its Nevada Department of Environmental Protection ("NDEP") Water Pollution Control Permit Application in July 2013. The permit will be for a 15,000 square foot processing plant to be built within the 40 acres of undisturbed land on the east side of the Tonopah property. The permit review is completed within One Hundred Eighty (180) days from the time it is submitted. During the review process, NDEP will look at the Company's environmental, reclamation, operation, safety, and closure plans to ensure that it meets NDEP's zero discharge standards. All mining operations are required to undergo this review process. The permit approval is tentatively scheduled for late 2013. Once the permit is approved, the Company may begin construction on the processing plant.
The Company anticipates that new construction equipment will be delivered to the site the first week in July. The equipment that will be delivered will allow the Company to prepare for construction that is scheduled to start in early 2014. In addition, the drilling and installation of monitoring wells on the 40 acres owned by the Company, which allow the Company and NDEP to detect any pollutants being discharged from the operations, is expected to start in the fourth quarter of 2013. The Company also expects the fabrication of gravity concentration circuits and leaching circuits to begin in the second quarter of 2014. The gravity concentration and leaching circuits are part of the gold processing circuits. The Company may either physically separate or chemically extract the precious metals during the gold processing circuits.
About Standard Gold Holdings, Inc.
Standard Gold Holdings, Inc. is developing a custom permitted processing toll milling services business of precious metals. The Company owns land, buildings, a dormant milling facility, abandoned milling equipment, water permits, mine tailings, and mine dumps in Tonopah, Nevada. Custom milling and refining can include many different processes to extract precious metals from carbon or concentrates. These toll-processing services also distill, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies, which lack the expertise, capacity, or regulatory permits for in-house production. The Company is currently in the processes of taking the steps necessary to acquire the required permits to conduct custom permitted processing toll milling activities and the construction of additional buildings so it may commence operations. Upon funding, the Company's business plan is to purchase equipment and build an additional facility to serve as a custom permitted processing toll milling facility.
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release includes various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the Company's expectations or beliefs concerning future events. Statements containing expressions such as "believes," "anticipates," "intends," or "expects," used in the Company's press releases and in Disclosure Statements and Reports filed with the Over The Counter Markets through the OTC Disclosure and News Service are intended to identify forward-looking statements. All forward-looking statements involve risks and uncertainties. Although the Company believes its expectations are based upon reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurances that actual results will not differ materially from expected results. The Company cautions that these and similar statements included in this report are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date thereof. The Company undertakes no obligation to publicly release any revisions to such forward-looking statements to reflect events or circumstances after the date hereof.
SOURCE Standard Gold Holdings, Inc.