Star Gold Corp. Announces Completion of Technical Report for Longstreet Gold-Silver Project in Nevada
Rhea-AI Summary
Star Gold Corp (OTC: SRGZ) completed an updated technical report (Noland Report 2025) for the 100%‑owned Longstreet gold‑silver project in Nevada, presenting a total resource of 11.1 million tons containing 213,082 oz AuEq (132,414 oz Au + 4.84M oz Ag) with an indicated resource of 172,944 oz and inferred 40,138 oz. The report cites a favorable 1.73:1 strip ratio, 100% oxide material suitable for heap leach recovery, and favorable metallurgical test results. The report recommends a $1.74M Phase II program (10,000 ft drilling, PEA, updated estimate, wells, permits). Star Gold holds an option to reduce a 3% NSR to 1.5% for $1.75M.
The company expects Plan of Operation approval in Q4 2025 and highlights resource expansion potential and eight additional targets.
Positive
- Total resource: 213,082 oz AuEq
- Indicated resource: 172,944 oz
- Favorable strip ratio: 1.73:1
- 100% oxide material suited for heap leach
- Phase II budget: $1.74M for drilling and PEA
- Option to reduce NSR to 1.5% for $1.75M
Negative
- Inferred resource: 40,138 oz (uncertainty remains)
- Project requires $1.74M near‑term funding for Phase II
- Property subject to existing 3% NSR on owned claims
News Market Reaction – SRGZ
On the day this news was published, SRGZ declined 16.89%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The report was independently produced by Paul Noland, a Certified Professional Geologist with Certification through the American Institute of Professional Geologists (#11293). The Report is compliant with SEC Regulation S-K 1300. Mr Noland holds no interest in Star Gold.
RESOURCE HIGHLIGHTS:
- Total Resource: 11.1 million tons containing 213,082 ounces AuEq (132,414 oz Au + 4.84 million oz Ag)
- Indicated Resource: 8.7 million tons @ 0.0199 opt AuEq containing 172,944 ounces
- Inferred Resource: 2.4 million tons @ 0.0167 opt AuEq containing 40,138 ounces
- Favorable Strip Ratio: 1.73:1 – significantly enhancing project economics
100% Oxide Material – ideal for heap leach recovery with proven metallurgy
KEY INVESTMENT CATALYSTS:
- Clear Ownership: Star Gold controls
100% interest with option to reduce NSR royalty from3% to1.5% for$1.75M - Prime Location: Adjacent to world-class Walker Lane volcanic-hosted gold trend (Comstock,
Goldfield camps) and Round Mountain Mine (25 miles NW) inNevada , the premier state for production of gold in theUSA . - Geology: The Longstreet Property hosts sheeted quartz vein systems with gold-silver mineralization along northwest and easterly structural trends in rhyolitic ash-flow tuffs—the same geological setting as some neighboring deposits.
- Near-Term Catalysts: Plan of Operation approval expected Q4 2025, enabling expanded drilling and pre-development activities
- Resource Expansion Potential: Current resource may underestimate deposit due to incomplete penetration of mineralized zones; eight additional exploration targets identified on property
- Proven Metallurgy: Metallurgical testing by Kappes, Cassiday & Associates and McClelland Laboratories confirms favorable gold-silver recovery via conventional heap leaching
ECONOMIC PATHWAY:
The technical report recommends a
- 10,000 feet of resource expansion/infill drilling (
$1.0M - Preliminary Economic Assessment (
$100 K - Updated resource estimate (
$100 K - Production water well and monitoring wells (
$240 K - Initial mining permits and engineering (
$300 K
Lindsay Gorrill Chairman stated that the Noland Report 2025 "demonstrates significant economic potential indicated by the low strip ratio, favorable metallurgy, oxide mineralization, and proximity to producing operations. Additional drilling should enhance grade and convert inferred to indicated resources. Our prime focus is to take Longstreet to a final permit after an EIS and then to production."
A complete copy of the Report can be found at the company's website – www.stargoldcorp.com
Investor Contact
Lindsay Gorrill
Chairman
lgorrill@stargoldcorp.com
Send your requests to info@stargoldcorp.com
About Star Gold Corp.
Star Gold Corp. is an emerging precious metals exploration and development company focused on advancing its flagship Longstreet Gold-Silver Project in
Star Gold is dedicated to responsible exploration and sustainable development, with a goal of creating long-term value through the advancement of high-quality gold and silver assets in mining-friendly jurisdictions.
For more information, visit www.stargoldcorp.com
This presentation is for the purpose of providing information regarding the Company, including management's assessment of the Company's future plans and operations and certain statements set forth in this presentation are forward looking. All statements other than statements of historical nature included in the presentation, including, without limitation, statements regarding the Company's future financial position, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward looking statements. In addition, forward looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "project," "estimate," "anticipate," "believe," or "continue" or the negative thereof or similar terminology. Although any forward-looking statements contained in this presentation are, to the knowledge or in the judgment of the officers and directors of the Company, believed to be reasonable, there can be no assurances that any of these expectations will prove correct or that any of the actions that are planned will be taken.
Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual performance and financial results in future periods to differ materially from any projection, estimate or forecasted results. Some of the key factors that may cause actual results to vary from those the Company expects include inherent uncertainties in interpreting engineering and reserve or production data; operating hazards; delays or cancellations of drilling operations because of weather and other natural and economic forces; fluctuations in mineral prices in response to changes in supply; competition from other companies with greater resources; environmental and other government regulations; defects in title to properties; increases in the Company's cost of borrowing or inability to raise, or unavailability of, capital resources to fund capital expenditures; and other risks.
Contact
Lindsay Gorrill
Lgorrill@stargoldcorp.com
(208) 664-5066
View original content to download multimedia:https://www.prnewswire.com/news-releases/star-gold-corp-announces-completion-of-technical-report-for-longstreet-gold-silver-project-in-nevada-302645465.html
SOURCE Star Gold Corp.
FAQ
What resource did Star Gold (SRGZ) report in the Noland Report 2025 for Longstreet?
How much indicated gold does SRGZ report at Longstreet and what is the strip ratio?
What near‑term work and budget did Star Gold (SRGZ) recommend for Longstreet?
Is Longstreet oxide material suitable for heap leach processing according to Star Gold (SRGZ)?
What royalty position does SRGZ have and can it be reduced?
When does Star Gold (SRGZ) expect approvals to enable expanded drilling at Longstreet?
