SCOTTSDALE, Arizona, June 16, 2016 /PRNewswire/ --
Intertech Solutions Inc. (OTCPK: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") The Company is very pleased to announce the West Port Gold Mine in La Paz County, Arizona has received final approval of its Mine Plan of Operations.
The Environmental Assessment (EA) has now been cleared and accepted by the Bureau of Land Management (BLM). For your reference, please see the link regarding the EA posted for 30 day public review by the BLM:
Receipt of the approval of the EA is a milestone that significantly mitigates any risk inherent to the WPE Project and allows for the commencement of production within the next 120 days. The remaining events are the construction and start-up of the already engineered mining plant facility to be brought into full scale production.
As the price of gold continues to trend upwards, the global economic outlook further erodes being one of the drivers increasing the demand of this commodity. This makes the West Port Gold Mine an increasingly valuable and attractive US based investment to the number of shareholders who have already invested in this project.
Intertech Solutions Company President Craig Wiita states, "The approval of the Mine Plan of Operations from the federal government is a significant achievement and a culmination of tireless efforts on behalf of the Company and the mine owner West Port Energy LLC. We can now begin full implementation of all requisite steps towards commercial gold production at a set and known schedule. The timeline of 90 to 120 days means gold production and revenue for the Company in Q4. With the daily increase in gold pricing, each day closer we are positioning ourselves to be revenue streaming in a period where gold has been forecast to be up to $1400 per ounce from certain analysts."
About Intertech Solutions Inc. (OTCPK: ITEC)
Intertech Solutions is a fully integrated, gold project finance, management and services consulting Company that provides development capital, engineering, project supervision and technical management to gold projects. The Company operates from its offices in Scottsdale, Arizona. Visit us at: http://www.itecgold.com
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, scope and type of consulting services provided by ITEC, use of proceeds, future acquisitions, success of projects, growth and strategic plans. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Intertech Solutions Inc.
To find out more about Intertech Solutions Inc. (OTCPK: ITEC), visit our website at http://www.itecgold.com
SOURCE Intertech Solutions Inc.