COEUR D'ALENE, Idaho, May 13, 2013 /PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announces that a drill rig has been mobilized onto the Longstreet Property to commence drilling at the Main Zone.
The drill program will include 5,400 feet of reverse circulation style drilling for approximately eighteen (18) holes. These holes and their respective positions are essentially the same as those recommended in the Technical Report by Agnerian Consulting in Toronto released on February 5, 2013. The holes are outlined in the Technical Report in Table 3-1 titled "Main Zone Phase One In-Fill Recommended Drilling Program.
The Technical Report can be found on the Star Gold Corp. website at:
The drill program is expected to be finished by end of June 2013.
Commenting on this development, President and CEO, David Segelov stated, "This drilling at the Main Zone of Longstreet enables Star Gold to in-fill those areas which lie within the proposed pit outlined in Star Gold's current Technical Report. With more than 300 holes drilled at the Main Zone, these next holes will fill in any major gaps and provide a more complete picture of what lies within the proposed pit boundaries."
About Star Gold Corp.
Star Gold is a gold exploration/development company with 113 unpatented claims and located within the Walker Lane belt. The Company is currently focused on developing its flagship project, Longstreet Gold Project The Longstreet Gold Project is located 48 kilometers southeast of the Round Mountain Mine in Nye County, Nevada.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Star Gold Corp (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings.
SOURCE Star Gold Corp.