SCOTTSDALE, Arizona, February 3, 2017 /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 an affirmative decision from the BLM for its Mine Plan of Operations.
The Westport Energy Placer Gold Project in La Paz County, Arizona has received its signed Decision of Record from the BLM. The BLM Yuma Field Office will allow Westport Energy to process up to 1,000,000 tons of material on that property. This Mine Plan of Operations when issued will be under the authority of Federal Land Policy Act of 1976 and the 43 CFR 3809 and CFR 3715 regulations. Westport Energy also received the signed Finding of no Significant Impact (FONSI) report finalizing the Environmental Assessment (EA).
The 3715 occupancy permit is expected prior to the end of February 2017. This in turn will allow Westport Energy to proceed with the plant construction on site. ITEC will be announcing details of our planning schedule on the project in subsequent news releases.
Additionally the claim owner, West Port Energy is in final negotiations with a financial group and will be announcing terms on the funding shortly.
Craig Wiita, President states that "The Company has been working with the Bureau of Land Management (BLM) fulfilling all requests for submissions over the past few months resulting in the signed Decision of Record. Upon receipt of the 3715 Occupancy Permit we will be allowed to commence site preparations and plant construction. The Westport Energy Placer Gold Project will be ready to begin commercial gold production within 90 to 120 days."
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.