SCOTTSDALE, Ariz., Nov. 5, 2014 /PRNewswire/ -- Intertech
Solutions Inc. (OTCPK: ITEC) ("Intertech Solutions Inc.,"
"ITEC" or the "Company") wishes to provide stakeholders an update
as to the progress of the WPE Gold Project located near Quartzite
Arizona.
We are very pleased to report on the construction and arrival of
our recently built custom gold wash plant. The trommel, jig and
concentrator with the requisite accompanying equipment have now
been delivered and are currently being assembled at our
Ehrenberg, AZ plant location and
compound, located 12 miles of the WPE #1 Claim. The Company plans
to haul screened gold ore to the milling site for
processing. Prior to the equipment arrival, the plant site
preparations were completed that included site leveling, electrical
and water connections, as well as completion of the security
fencing. The Company is now completing the construction of the
water storage settling pond and the plant warehouse and office
complex. Once finished, the site will be fully operational to
process gold ore.
The Company has now filed our Mine
Plan of Operation (MPO) for the WPE Placer Gold Project with
the Bureau of Land Management (BLM). Our MPO is requesting only
permitting to remove ore material with no secondary processing on
BLM land, of which the ore, once processed will be returned to the
originating WPE site of extraction. Concurrently to this approval
period for the MPO, ITEC will continue to permit and undertake
additional bulk tests, and proceed when the approvals have been
granted. Also, during this preproduction phase there will be
increases to our test tonnage from the latest processed 1.65 tons
to larger samples in the 10 to 300 ton range.
As the sampling on site has been verified through extensive
certified gold assays in the 6 plus grams per ton range, (0.18
opt), we continue to be encouraged that our ore continues to run
within the predicted 5 to 9 gram per ton parameter range, as
established during our Phase 1 program and outlined in the project
technical report. The Company also expects to maintain a clear
increase in grade as larger samples are processed as seen and
documented to date in all of our exploration and testing programs.
We may ultimately achieve the higher 9 gram per ton range when
larger samples process larger gold in the form of nuggets and high
grade channel concentrations.
Also, Management will be preparing and announcing a
comprehensive analysis of industry benchmarks to provide evidence
as to ITEC's competitive advantage as a low cost gold producer and
our ability to remain very profitable throughout fluctuations in
the commodities market, in comparison to other gold producers
around the world.
The WPE Claims #1-#4 claims are located in the Middlecamp Mining
District in La Paz County, near
Quartzite Arizona. The gold claims cover a total of 80
contiguous acres and have easy access between Phoenix and Palm
Springs, CA along Interstate 10.
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.
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Robert McIntosh
President, C.E.O.
To find out more about Intertech Solutions Inc. (OTCPK: ITEC),
visit our website at www.itecgold.com
Investor Relations:
+1-480-296-2065
investors@Intertechsolutionsinc.com
SOURCE Intertech Solutions Inc.
