#USA #Coeur d'Alene #Star Gold Corp #Longstreet Project #Noland Report

Star Gold Corp Unveils Updated Technical Report for Longstreet Project

Star Gold Corp. has exciting news for investors and stakeholders in the mining sector. The company has announced the completion of an updated technical report for its Longstreet Gold-Silver Project, situated in the renowned Walker Lane Trend of Nevada. This report, created by Paul Noland, a Certified Professional Geologist, highlights a promising mineral resource with compelling economic prospects for open-pit, heap-leach mining.

Summary of Key Findings

The technical report provides some outstanding resource highlights:

• - Total Resource: Approximately 11.1 million tons containing an estimated 213,082 ounces of gold equivalent (AuEq), consisting of 132,414 ounces of gold and 4.84 million ounces of silver.
• - Indicated Resource: 8.7 million tons at a grade of 0.0199 ounces per ton AuEq, translating to about 172,944 ounces.
• - Inferred Resource: 2.4 million tons with a grade of 0.0167 ounces per ton AuEq, equating to 40,138 ounces.
• - Strip Ratio: The report indicates a favorable strip ratio of 1.731, which notably enhances the project's economic appeal.
• - Material Composition: The presence of 100% oxide material is optimal for heap leach recovery, supported by proven metallurgical results.

Investment Opportunities

Chairman Lindsay Gorrill expressed confidence in the report's findings, emphasizing the significant economic potential outlined by the low strip ratio, favorable metallurgy, and close proximity to existing production operations. Key investment catalysts for Star Gold include:

• - Clear Ownership: Star Gold holds a complete interest in the Longstreet Project and has the option to reduce its net smelter return (NSR) royalty from 3% to 1.5% for a payment of $1.75 million.
• - Prime Location: The project is conveniently located neighboring the prolific Walker Lane gold trend and within 25 miles of the Round Mountain Mine, making it strategically valuable in the mining landscape.
• - Geological Features: The site exhibits sheeted quartz veins enriched with gold-silver mineralization, aligning with some of the geological settings of neighboring deposits.
• - Near-Term Catalysts: Approval of a Plan of Operation is expected in the fourth quarter of 2025, which would allow expanded drilling and preliminary development activities.
• - Resource Expansion Potential: Current resources may be underestimated due to incomplete exploration, with eight more potential exploration targets identified at the property.

Recommended Action Plan

As part of the economic pathway, the report recommends a Phase II program budgeted at $1.74 million. This includes:

• - Resource Expansion and Infill Drilling: Aimed at enhancing resource estimation and understanding the deposit's value, proposed at 10,000 feet for a budget of $1 million.
• - Preliminary Economic Assessment: Using $100,000 to evaluate the economic viability of the project.
• - Updated Resource Estimate: An additional investment of $100,000 to refine the resource data.
• - Water Rights and Initial Mining Permits: Allocating $540,000 for essential permits and well installations critical for mining operations.

Conclusion

Star Gold Corp is optimistic about advancing the Longstreet Project toward final permitting and eventual production. By demonstrating significant economic potential and a comprehensive action plan, the company is positioned to create long-term value through responsible exploration and development of high-quality gold and silver assets. For further details and to stay updated on the progress, visit Star Gold Corp's website.

From a strategic perspective, with careful planning and steadfast determination, Star Gold aims to convert this promising mineral resource into a productive asset, promising returns for its investors and a noteworthy presence in the mining sector.