Standard Tolling Corp. - Operational Update
White Rock, British Columbia (FSCwire) - Standard Tolling Corp. (TSX-V: TON, Frankfurt: GA0, “Standard Tolling” or the “Company”) announces that it has filed legal action with the District Attorney in the Department of La Libertad, Peru to prosecute the parties involved in the mindless destruction of Company property at the entrance of its gold plant on September 2, 2015. The damage was caused by a farmer, who convinced the local magistrate to issue a civil order against the Company for allegedly blocking a public access way, a completely untrue allegation. At the same time the civil order was issued, and against the instructions of the authorities, the perpetrator began destroying civil works and company property adjacent to the public road using two large front-end loaders. Although the authorities were present for the attack, they failed to uphold their duties as public officials and did nothing to stop the attack. Consequently, the Company will use the compelling evidence it has assembled to pursue financial restitution for all damages and lost business and will seek criminal charges through the integrity of the Peruvian judicial system. The Company has shared the matter with regional and central authorities, who support a higher standard for public officials.Other than the entrance, the processing plant was untouched. The economic loss to the Company’s investment was limited and the truck scale, being the most valuable piece of equipment damaged, only requires minor repair. In the meantime, portable scales are being used and ore purchase operations have re-commenced. The entrance and the tolling area of the plant have been redesigned and the truck scale will be moved to another area within the property.
The Company appreciates the support of its employees during this ordeal. The Company will update its’ shareholders with any further developments.
About Standard Tolling Corp.
Standard Tolling is completing the construction of its first custom gold processing plant with a 100 TPD capacity, located in Northern Peru. The Company purchases ore from government permitted small-scale miners, processes it, and sells gold dore. The plant is located within a prolific gold belt with close proximity to Rio Alto’s La Arena gold mine.
ON BEHALF OF THE BOARD
“Len Clough”
Mr. Len Clough, Chairman, President, CEO and Director
For further information please contact:
Standard Tolling Corp.
John Martin
Tel: 866-222-5820 ext 101
Email: info@standardtolling.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking” statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur and include, without limitation, statements regarding the Company’s plans with respect to statements about the Company’s ability to fund and execute the proven ore processing business model outlined in this news release. Although Standard Tolling believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.