Star Gold Corp. Receives Approval to Drill North Target
COEUR D'ALENE, Idaho, July 26, 2012 /PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) is pleased to announce that approval has been granted by the United States Forest Service for the proposed drill holes on the North section of Star Gold's Longstreet property.
The North section is comprised of a hill approximately 600ft high and is approximately 200 feet directly due north of the existing drill target at Main. North was drilled in the 1980's but the results are no longer accessible.
Commenting on the approval, President of Star Gold Corp., David Segelov stated:
"North represents a new frontier based on the same distributed gold system of the collapsed caldera structure that we are actively drilling at Main. The drilling will enable us to confirm whether North is a significant target that extends the oxidized system at Main. This North target should see drilling beginning late July 2012."
About Star Gold Corp.
Star Gold is a gold exploration/development company formed in 2006 for the purpose of evaluating, acquiring and developing Gold projects in United States with a focus on Nevada. Star Gold develops properties that are 100% owned.
For more information please visit www.stargoldcorp.com.
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."
Star Gold Corp. ("Star Gold" or the "Company") does not retain the services of an investor analyst nor does it endorse or affiliate with any individual or organization engaged in the publication of third-party analysis of Star Gold stock or the recommendation to buy, sell or hold Star Gold stock. Any information reported by a third-party investor analyst is strictly the opinion of such analyst and not the responsibility of the Company. All relevant information pertaining to the Company and which contains information disseminated by the Company or with the Company's approval is published via press releases issued by the Company and also via Form 8-K and/or other filings, by the Company, made with the Securities and Exchange Commission. Furthermore, the Company does not make any material disclosures of non-public information regarding the Company or its business operations except in compliance with Regulation FD to the Securities and Exchange Act of 1934 and all other applicable securities laws. The Company encourages all interested parties to review its filings with the Securities and Exchange Commission which may be viewed online at www.SEC.gov (SEC Filings-new window will open).
SOURCE Star Gold Corp.
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