COEUR D'ALENE, ID -- (Marketwired) -- 07/09/13 -- Today Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announced drill results for the first part of its 2013 drilling campaign. This release refers to six (6) holes drilled at its Main Target on the Longstreet property.
These six holes were drilled at the southern end of the proposed Main pit outlined in the Technical Report by Agnerian Consultants released on February 5, 2013. A total of 2,250 feet were drilled in the six reverse circulation (RC) holes. All of the holes drilled contained significant mineralized intervals ranging from 40 to 200 feet of +0.01 oz/ton gold equivalent (Au Equiv.).
Summary results are shown in the table at:
See Updated Drill Map on the Company website at:
Scott Jenkins, Director of Exploration and Chief Geologist commented on the first batch of 2013 drilling results that "These holes drilled out spaces in the proposed pit area and at the edge of the proposed pit. Significantly, Hole LS-1303 showed the structure continues to the south toward the Opal Ridge fault. The full extent of this is not yet known. Also noteworthy was that LS-1305 extended the disseminated gold structure deeper than previous shallow drilling had shown."
About Star Gold Corp.
Star Gold is a gold exploration/development company with 113 unpatented claims and located within the Walker Lane belt. The Company is currently focused on developing its flagship project, Longstreet Gold Project. The Longstreet Gold Project is located 48 kilometers southeast of the Round Mountain Mine in Nye County, Nevada.
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.
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