Star Gold Receives Forest Service Approval to Drill its Longstreet Property, Nevada
POST FALLS, Idaho, Aug. 16, 2011 /PRNewswire/ -- Star Gold Corp. (OTC Markets: SRGZ) is pleased to announce receipt of a letter from the U.S. Forest Service approving its Plan of Operation (POO) on its Longstreet property located 25 miles southeast of the Round Mountain mine in south-central Nevada. The company plans to drill 25-30 holes totaling 10,000 feet in its Phase 1 program. Infill and expansion drilling will be initiated at Main, where an independent geologist's report (see June 7, 2011 press release) identified an average grade of 0.053 oz/ton.
Drilling will be completed using a Reverse Circulation (RC) rig drilling angle holes across the steeply dipping vein sets. The target is a Round Mountain style open pit heap leach gold/silver deposit. After drilling Main, the drill rig will move to the North Target, one of eight additional targets identified within the Longstreet property boundary, and drill 4-6 holes. Mapping and geochemical sampling at North indicates a target very similar to Main which Star has not yet drill tested. A map showing the various targets can be found on the company's website www.stargoldcorp.com.
Kelly J. Stopher
About Star Gold Corp.
Star Gold Corp. is a gold exploration company with the purpose of acquiring, evaluating and developing gold projects of merit with a focus on the United States, Canada and Mexico. At present, Star Gold is focused on the exploration and development of its Excalibur Project and Longstreet Project, in Nevada, USA. 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."
SOURCE Star Gold Corp.