Nov 7 2014
Intertech Solutions Inc. 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.
Source: http://www.itecgold.com/