Star Alliance Int'l Corp. Moves Closer to Continuing "Gold Mother Lode" Mine Operations with Significant Phase 1 Progress
WESTLAKE VILLAGE, Calif., June 29, 2021 /PRNewswire/ -- Star Alliance International Corp. (OTC: STAL) ( "The Company") is pleased to announce that the Company has completed the majority of phase 1 operations for the Star Alliance International Corp., "Gold Mother Lode" Mine. The Company has taken a major step forward toward operations restart by completing the majority of Phase 1 work, including significant improvement of the primary access road leading to the mine. Additional work included; risk assessment, fire breaks, establishing safe zones, archeology oversight and initial environmental sampling. Road and site maintenance work has been inspected and approved by the US Forestry Service. Due to fire concerns expressed by the Forestry Service, the company doubled their crew in order to complete the work more quickly. Even after doubling the work crew, all work was completed well under budget. For updates please visit www.staralliancemines.com.
Richard Carey, CEO of Star Alliance International, stated, "We are very pleased with our team. Scope of work was completed rapidly and 20% under budget. This exciting step now enables Star Alliance Int'l Corp to access the mine much more quickly and also provides the Forestry Service with greatly improved access that may be needed to fight possible fires in the area. Our crews will now complete additional improvements to the mine site and continue initial inspections and sampling. We are currently coordinating a date to meet with the Forestry Service for a walk-through at the mine site to discuss our plan to re-start mining for gold ore. We hope to perform the site visit in the next three weeks. We will continue to inform our shareholders as work progresses in our efforts to move this project forward and to improve Shareholder Value. More news to follow."
About Star Alliance International Corp.
Star Alliance International Corp. ("the Company", "we", "us") was originally incorporated with the name Asteriko Corp. in the State of Nevada on April 17, 2014 under the laws of the State of Nevada.
In August 2019, following a change in control, the Company acquired the mining claims, buildings and equipment and historical data from Troy Mining Corporation. The Gold Mining Project is located at the base of the "Gold Mother Lode" in one of the three major vein belts where the greatest concentration of minerals accumulated over the years in California.
Since August 2019, the company has worked diligently to move operations forward, even with the challenges presented by Covid-19 and the by the fires in California last year. The Company has continually worked with government departments which have provided oversight and guidance so that the plans for our Gold mining operation re-start can be submitted with the highest probability of being approved. The Company has managed to form solid relationships with federal and local assets and has received high praise for the integrity of all operations to date.
Estimates of recoverable gold and other minerals for this project, have been derived from the work of highly qualified and respected geologists. Their findings indicate the presence of significant reserves of gold located in veins within the areas that are covered by our mining leases.
While primarily a gold recovery project, geologists and assay reports indicate that, the amount of recoverable silver available in the project claims exists in a quantity which is equal to that of recoverable gold. This adds significantly to the potential of this project and could greatly enhance overall revenue and bottom-line profit.
The Company is diligently moving forward with plans for the re-start of gold mining operations and plans to commence gold recovery efforts in the near term.
Safe Harbor and Informational Statement
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement is not a guarantee of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
For more information, please contact the Company via e-mail at: [email protected]
Web Site: staralliancemines.com
Twitter: @StarAllianceIn1
SOURCE Star Alliance International Corp.
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