SCOTTSDALE, Ariz., Aug. 14, 2015 /PRNewswire/ -- Intertech Solutions Inc. (OTCPK: ITEC) ("Intertech Solutions Inc.," "ITEC" or the "Company") is pleased to update shareholders as to the progress being made for the production and operational permitting for mining at the WPE Gold Project, located near Quartzite Arizona.
The Company has been working diligently with the Bureau of Land Management (BLM) fulfilling any and all requests for submissions; however they have recently requested an expanded environmental assessment which is now being addressed by our Environmental Consulting Group. ITEC has now has scheduled the final environmental report dealing with the expanded scope of issues to be completed and submitted to the BLM Yuma office no later than September 4, 2015. Upon review of the report ITEC has been informed there will be a thirty day public review period and after that time ITEC anticipates being fully permitted to commence site and plant commissioning up for mining operations.
We continue to be confident and hopeful on receipt of our M.P.O. permit. In the interim, ITEC continues to work on all the ancillary planning with our engineering team.
Additionally, a third party, independent N.I. 43-101 compliant engineering report has now been completed and posted on ITEC's website. The key findings of the report indicate a calculation of 1,063,000 tons of alluvial material in the main channel of the permitted lands for production measured from surface to a 25 foot depth. The report also discusses in detail the project sampling and results with conclusions that "Accordingly, the most conservative and likely grades to anticipate in forward-going exploration will be in the 2.0 to 3.0 gpt range."
ITEC Company President Rob McIntosh states: "Our project validation by the N.I. 43-101 compliant report regarding mineable tons and grade, combined with the imminent timeline on receipt of our mining permit, has allowed us to aggressively advance the project, such that as soon as we are issued the green light to commence, we will have our mining operations and ultimate gold production in full swing within 45 to 60 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: 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 www.itecgold.com
SOURCE Intertech Solutions Inc.