International Star, Inc. Acquires Van Deemen Gold Mine Property and Surrounding Area in Arizona
02 8월 2011 - 5:05AM
International Star, Inc. (OTCBB:ILST) (OTCQB:ILST) (the "Company")
announced today that it has acquired the Van Deemen Mine property
and areas surrounding the Van Deemen Mine in the northern Black
Mountains in Mohave County, Arizona. The Van Deemen area represents
an advanced project supported by historical data indicating a
substantial gold resource.
The Van Deemen Mine property consists of five unpatented lode
mining claims totaling approximately 100 acres acquired through a
lease agreement with La Cuesta International, Inc. in April
2011. The Company has also located 18 unpatented lode claims
in the area surrounding the Van Deemen Mine, which have been staked
and recorded with the U.S. Bureau of Land Management and the Mohave
County Recorder.
The Company has recovered much of the data regarding historic
exploration work on the Van Deemen Mine property and is continuing
efforts to acquire additional historical data. Based on
information obtained by the Company, the Van Deemen Mine was
initially explored for gold in the 1930s and 1940s. In the
1970s, the area was actively explored for copper, with the greatest
focus of copper exploration occurring east of the old Pope Mine
about 2.5 miles north of the Van Deemen. Since the 1980s, the
area has been explored primarily for gold. From 1983 to 1985,
Amselco Exploration Inc. conducted the first serious exploratory
drilling for gold on the Van Deemen prospect. Amselco
completed 13 drill holes in 1983 with disappointing results, but
achieved more promising results during a second phase in
1985. The second phase consisted of nine drill holes, which
indicated a significant gold zone, with one hole showing 115 feet
grading 0.047 ounces per ton. Red Dog Mining also completed a
brief phase of shallow air track drilling in 1985 in the gold zone
identified by Amselco. The area was then acquired by
Fischer-Watt Gold in late 1985. In 1986 and 1987, Fischer-Watt
Gold Co. and Arizona Star Resources, through a joint venture,
conducted a more complete evaluation of the property. Drilling
results from the Fischer-Watt and Arizona Star work included a
reported possible gold resource of 988,000 tons grading 0.034
ounces per ton gold. The reported mineralization is contained
in three small open pits and is reported to occur in low angle
faults with associated quartz-sericite-hematite-pyrite-clay
alteration.
The Company is currently conducting surface sampling in an
effort to evaluate the Fischer-Watt and other historical data under
Canadian National Instrument (NI) 43-101 compliant
standards. Surface samples have been submitted to ALS Chemex
in Reno, Nevada for assay. Further exploration work will be
determined on the basis of initial assay results and available
funding.
Note: Mineral resources and data referenced in this
press release are based on historical data and have not been
independently verified by the Company. A qualified person
under Canadian NI 43-101 has not done sufficient work to classify
the historical estimates as current mineral resources, and the
Company is not treating such historical estimates as current
mineral resources. The Company makes no guarantee as to the
quantity and/or quality of historical information stated herein,
and therefore, such information should not be relied
upon.
Howard Metzler, an independent Registered Professional Geologist
and a Qualified Person as defined by Canadian National Instrument
43-101 has reviewed and approves the content of this news
release.
About International Star, Inc.: The Company is an
exploration stage company with its corporate headquarters in
Shreveport, Louisiana. The Company is engaged in the business
of acquisition and exploration of precious and base metals mineral
properties. The Company presently holds rights to 48 lode
mining claims in the northern Black Mountains in Mohave County,
Arizona.
Any statements made in this press release which are not
historical facts contain certain forward-looking statements as such
term is defined in the Private Securities Litigation Reform Act of
1995, concerning potential developments affecting the business,
prospects, financial condition and other aspects of the Company to
which this release pertains. Although such statements are
based upon the best judgments of management of the Company as of
the date of this release, the actual results of the specific items
described in this release, and the Company's operations generally,
may differ materially from what is projected in such
forward-looking statements due to certain risks, uncertainties and
other factors, many of which are beyond the control of the
Company. Factors that may cause actual results to vary
include, but are not limited to, the availability of outside
capital, changes in commodity prices, changes in general economic
conditions or conditions in the financial markets, and other risks
identified in the Company's annual report on Form 10-K and other
reports filed by the Company with the Securities and Exchange
Commission. The Company disclaims any obligation to update
information contained in any forward-looking statement.
CONTACT: Jacqulyn Wine
International Star, Inc.
P.O. Box 7202
Shreveport, LA 71137
Phone: 318-464-8687
Fax: 318-429-8006
Email: istarnevada@yahoo.com
International Star (PK) (USOTC:ILST)
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