Star Gold Corp. Refocuses Strategy on Longstreet Project
Star Gold Corp (OTC:SRGZ) has announced the termination of its previously announced non-binding Letter of Intent to acquire properties from Romios Gold Nevada Inc. The company will instead redirect its focus to developing its Longstreet property.
CEO Lindsay Gorrill cited the challenging capital-raising environment for junior mining projects in Nevada and the current gold price environment exceeding $3,000 per ounce as key factors. The company believes Longstreet aligns with current investor preferences for projects that can potentially begin production within three years while offering long-term growth potential.
Star Gold plans to proceed with infill drilling at Longstreet and advance its permitting process while exploring other promising targets on the property.
Star Gold Corp (OTC:SRGZ) ha annunciato la cancellazione della sua precedente Lettera di Intenti non vincolante per l'acquisizione di proprietà da Romios Gold Nevada Inc. L'azienda concentrerà invece i propri sforzi sullo sviluppo della sua proprietà Longstreet.
Il CEO Lindsay Gorrill ha indicato come fattori chiave l'attuale difficile contesto per la raccolta di capitali nei progetti minerari junior in Nevada e il prezzo dell'oro superiore a 3.000 dollari per oncia. La società ritiene che Longstreet sia in linea con le preferenze degli investitori attuali, che cercano progetti con potenziale di produzione entro tre anni e possibilità di crescita a lungo termine.
Star Gold prevede di procedere con la foratura di infill a Longstreet e di avanzare nel processo di ottenimento dei permessi, esplorando contemporaneamente altri obiettivi promettenti nella proprietà.
Star Gold Corp (OTC:SRGZ) ha anunciado la terminación de su carta de intención no vinculante previamente anunciada para adquirir propiedades de Romios Gold Nevada Inc. La empresa redirigirá su enfoque al desarrollo de su propiedad Longstreet.
El CEO Lindsay Gorrill mencionó como factores clave el desafiante entorno para la recaudación de capital en proyectos mineros junior en Nevada y el actual precio del oro por encima de los 3,000 dólares por onza. La compañía considera que Longstreet se alinea con las preferencias actuales de los inversionistas, quienes buscan proyectos que puedan iniciar producción en tres años y que ofrezcan potencial de crecimiento a largo plazo.
Star Gold planea continuar con la perforación de relleno en Longstreet y avanzar en el proceso de permisos, mientras explora otros objetivos prometedores en la propiedad.
Star Gold Corp (OTC:SRGZ)는 이전에 발표한 Romios Gold Nevada Inc.의 자산 인수에 대한 비구속적 의향서 종료를 발표했습니다. 대신 회사는 Longstreet 자산 개발에 집중할 예정입니다.
CEO Lindsay Gorrill은 네바다 주의 주니어 광산 프로젝트에 대한 자본 조달 환경의 어려움과 현재 온스당 3,000달러를 초과하는 금 가격이 주요 요인이라고 밝혔습니다. 회사는 Longstreet가 3년 내 생산 시작 가능성과 장기 성장 잠재력을 가진 프로젝트를 선호하는 현재 투자자들의 요구에 부합한다고 보고 있습니다.
Star Gold는 Longstreet에서 인필 드릴링을 진행하고 허가 절차를 추진하며, 자산 내 다른 유망한 목표물도 탐사할 계획입니다.
Star Gold Corp (OTC:SRGZ) a annoncé la résiliation de sa lettre d'intention non contraignante précédemment annoncée visant à acquérir des propriétés de Romios Gold Nevada Inc. La société va plutôt concentrer ses efforts sur le développement de sa propriété Longstreet.
Le PDG Lindsay Gorrill a cité comme facteurs clés l'environnement difficile pour lever des fonds dans les projets miniers juniors au Nevada et le prix actuel de l'or dépassant les 3 000 dollars l'once. La société estime que Longstreet correspond aux préférences actuelles des investisseurs, qui recherchent des projets pouvant potentiellement débuter la production dans les trois ans tout en offrant un potentiel de croissance à long terme.
Star Gold prévoit de poursuivre le forage de comblement à Longstreet et d'avancer dans le processus d'obtention des permis tout en explorant d'autres cibles prometteuses sur la propriété.
Star Gold Corp (OTC:SRGZ) hat die Beendigung seines zuvor angekündigten unverbindlichen Absichtsschreibens zur Übernahme von Grundstücken von Romios Gold Nevada Inc. bekannt gegeben. Das Unternehmen wird stattdessen seinen Fokus auf die Entwicklung seines Longstreet-Grundstücks richten.
CEO Lindsay Gorrill nannte das herausfordernde Umfeld zur Kapitalbeschaffung für Junior-Mining-Projekte in Nevada und die aktuelle Goldpreissituation von über 3.000 US-Dollar pro Unze als Schlüsselfaktoren. Das Unternehmen ist der Ansicht, dass Longstreet den aktuellen Präferenzen der Investoren entspricht, die Projekte bevorzugen, die innerhalb von drei Jahren mit der Produktion beginnen können und langfristiges Wachstumspotenzial bieten.
Star Gold plant, mit Infill-Bohrungen auf Longstreet fortzufahren, den Genehmigungsprozess voranzutreiben und gleichzeitig andere vielversprechende Ziele auf dem Grundstück zu erkunden.
- Strategic focus on Longstreet project which has potential for production within 3 years
- Favorable gold price environment with gold exceeding $3,000 per ounce
- Plans for infill drilling and permitting advancement at Longstreet
- Avoidance of potential capital strain from additional acquisitions
- Termination of planned acquisition of Romios Gold Nevada properties
- Challenging capital-raising environment for junior mining projects in Nevada
COEUR D'ALENE, ID / ACCESS Newswire / May 5, 2025 / Star Gold Corp. ("Star Gold" or "the Company") (OTC:SRGZ) provides an update on the February 28, 2025, non-binding Letter of Intent announcement to acquire all rights and interests in the two properties contained in Romios Gold Nevada Inc.
After careful consideration, Star Gold does not intend to pursue any part of the acquisition and notified Romios of the termination of the non-binding Letter of Intent. The Company will instead focus on developing its own property at Longstreet. Star Gold intends to move to the next stage at Longstreet with infill drilling, progressing on its path to permitting and exploring other highly prospective targets on the property.
Commenting on these developments, Chairman and CEO Lindsay Gorrill explained, "over the past decade, very few junior mining projects in Nevada have successfully secured capital necessary to explore, develop, construct a mine, and move toward production. A dramatic shift has also taken place with gold prices now surpassing
About Star Gold Corporation:
Star Gold Corporation is a leading mining company based in Nevada, dedicated to the exploration and development of high-quality mineral properties. With a strong commitment to sustainable practices and community engagement, Star Gold Corporation aims to deliver long-term value to its shareholders and stakeholders by building high grade resources in Nevada. Star Gold Corp is listed on the OTC Markets (OTCQB: SRGZ).
For more information: www.stargoldcorp.com
For further information, please contact:
Lindsay Gorrill, Chairman, Star Gold Corp. - 208-664-5066 or lgorrill@stargoldcorp.com
SOURCE: Star Gold Corp.
View the original press release on ACCESS Newswire
FAQ
Why did Star Gold Corp (SRGZ) terminate the Romios Gold Nevada acquisition?
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