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POST FALLS, ID–(Marketwire – May 5, 2011) – Star Gold Corp. (OTCBB: SRGZ) is pleased to announce an update on its Longstreet Project in Nye County, Nevada, and its upcoming independent resource report. There are eight major targets in the project; West Main and NE Main (together the “Main” target), Opal Ridge, North, Spire, Red Knob, North Slope and Cyprus Ridge. After careful study of the data, it is apparent the Longstreet project is very similar in geology to the nearby Round Mountain open-pit heap-leachable deposit. Round Mountain boasts production of 10 million ounces of gold to date.
The Company believes the Main target currently holds the most promise within the project. Therefore, the initial primary targets of emphasis within the Longstreet project will be the NE Main and West Main sites. The NE Main site has a previously operated mine within its borders, and has recently received the most exploration with preliminary drilling of 300 test holes. The Company estimates the release of an independent technical report on Longstreet before the end of May 2011. Pending approval from the U.S. Forest Service, the Company will commence drilling selected targets with the expected completion of test holes by July 2011.
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Article source: http://www.marketwire.com/press-release/star-gold-provides-update-on-its-longstreet-project-otcbb-srgz-1510464.htm