Star Alliance Int'l Corp, a Gold Sector Company, to Commence NI43-101 Assay Report for Gold Mother Load Mining Project

Rhea-AI Summary

Star Alliance International Corp. (OTC PINK:STAL) is set to begin the NI43-101 Assay Report for its Gold Mother Load Mining Project, with preparations expected to start in Q4 2021. CEO Richard Carey expressed optimism that the report will affirm earlier assay findings and boost shareholder value. The mining project, located in California, indicates significant reserves of gold and silver, potentially enhancing overall revenue. The company aims to restart operations soon, despite past challenges from Covid-19 and environmental issues.

Positive

• Commencing NI43-101 Assay Report to confirm previous assay results.
• Indications of significant gold and silver reserves could enhance revenue.
• Plans to restart gold mining operations in the near term.

Negative

• None.

WESTLAKE VILLAGE, CA / ACCESSWIRE / September 23, 2021 / Star Alliance International Corp. (OTC PINK:STAL) (Staralliancemines.com) is pleased to announce that the Company is commencing the process of completing a NI43-101 Assay Report for their Gold Mother Load Mining Project.For updates please visit www.staralliancemines.com.

Richard Carey, CEO of Star Alliance International, stated, "We have received a letter from our independent geologist confirming his availability to begin preparing an NI43-101 assay report in the fourth quarter, 2021. We believe that once completed, the report will confirm, at a minimum, previous assay reports. We anticipate the data in this report and the resulting indicated valuation will enhance Shareholder Value."

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 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.

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: info@staralliancemines.com

Web Site: STARALLIANCEMINES.COM

SOURCE: Star Alliance International Corp.

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FAQ

What is the significance of the NI43-101 Assay Report for STAL?

The NI43-101 Assay Report is crucial for confirming the gold and silver reserves at the Gold Mother Load Mining Project, potentially validating previous findings and enhancing shareholder value.

When is Star Alliance International expected to complete the Assay Report?

The Assay Report is anticipated to be prepared in the fourth quarter of 2021.

How might the NI43-101 Assay Report impact STAL's stock value?

If the Assay Report confirms significant reserves, it could positively impact STAL's stock value by increasing investor confidence and perceived shareholder value.

What challenges has Star Alliance International faced in its operations?

Star Alliance International has faced challenges from Covid-19 and environmental issues in California that have affected its mining operations.