Star Gold Corp - SRGZD.OB
2/8/2012
Stock symbol will revert to SRGZ.OB. The "D" denotes the split occurred.
Last Trade: 0.63
Trade Time: 3:13pm
Change: +0.01
Open: 0.50
Day's Range: N/A - 0.63
Volume: 6472
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Post Falls, Idaho, (BUSINESS WIRE)- Star Gold Corp. (OTCBB: SRGZ - News) (the “Company”) Star Gold has been diligently working throughout 2009 to bring forward the exploration of its mineral claims in Nevada, USA. With the price of Gold reaching all time highs, $1220 USD / oz (December 2, 2009), while there can be no guarantees, Star Gold is extremely encouraged on the future possibilities of its Excalibur Property.
“We are pleased to continue the work on our Excalibur Project. The work to develop target’s that have been carried out have been very encouraging.” stated Lindsay Gorrill, Star Gold's President and Chief Executive Officer (CEO). “We hope to build on the considerable and useful work that has been performed on the Excalibur Property in the past. We feel that with recent advances in exploration technology and re-interpretation of earlier data, there is, in our opinion, that it is possible that some new mines may be discovered within the Walker Lane Structural Belt. Star Gold is well positioned on prospective ground with many of the required indicators that lead to a discovery.”
The Excalibur Property is located about 20 miles southwest of Mina, in Mineral County, Nevada. The Excalibur project consists of 50 mineral claims equaling approximately 1000acres, all within the well-known Walker Lane structural belt, host to many significant mining districts and several large mineral systems. Previous exploration has identified numerous targets on the property. MinQuest Inc (a private mineral exploration & evaluation company) was recently contracted to conduct field work that included mapping and rock sampling.
A review of all the compelling data generated to date will be the focus of the management of Star Gold for establishing an outline that:
The solid management of Star Gold is highlighted by President & CEO Lindsay Gorrill and his commitment to move Star Gold into an upper tier exploration and producing gold company.
Management Overview:
Lindsay Gorrill:
Lindsay Gorrill is a seasoned executive with nearly 25 years of experience, where he's built grass-roots companies through developing staff, seizing opportunities, negotiating with international governmental bodies and conveying a company's story clearly and effectively to the public. Most notable in his career was Mr. Gorrill's 13-year tenure as CEO of WGI Minerals, where he developed the company, which grew from zero employees to be an effective International Industrial Mining organization. Upon his departure, the company had a market cap of approximately $140 million, with plants in India, the United States and Germany, and offices in the United States, Canada, Germany, Holland, India, Sri Lanka and Dubai.
Mr. Gorrill holds a BBA in Finance and Marketing from Simon Fraser University as well as CA accreditation in the province of British Columbia. Along with his experience at WGI, Mr. Gorrill held a Senior Manager position with KPMG, and is also currently Chief Executive Officer of Jayhawk Energy Inc. In his spare time Mr. Gorrill is a Director of the Mark Rypien Cancer Foundation, and is heavily involved as a coach and President of his local amateur soccer and hockey associations.
ED Ulmer:
Director and Geological Imagery Analyst
Mr. Ullmer brings over 30 years of international geological exploration and development experience, including time with DeBeers Diamonds Inc. (Anglo-American Corp.), Hudson Bay Mining and Smelting Co., and Union Pacific Railroad.
Scott Jenkins:
Director and Chief Exploration Advisor
Mr. Jenkins brings over 30 years of international geological exploration and development experience, including 15 years within the Nevada region and nearly 10 years in South Africa, which included successful tenures as New Projects Manager for RTZ Limited (also known as Rio Tinto Zinc) and as Managing Director of Geelfontein Exploration.
Edward Brennan, Consulting Geologist, Richard West, Geologist “Exploration of the Marietta Mines Region in west-central Nevada for Gold and Copper” NI 43-101 Technical Report prepared for Azteca Gold Corp. http://www.azteca-au.com/projects/nevada/marietta/
Shareholders and interested parties are invited to visit the company's website at www.stargoldcorp.com or contact the company at 1-800-467-2943 for further information.
About Star Gold Corp.
Star Gold Corp. is a gold and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico. At present, Star Gold is focused on the exploration and development of its Excalibur Gold Project, in Nevada, USA.
Star Gold Corp. has compiled a management team that has the knowledge, experience and motivation to find quality properties at different stages of development in order to fulfill their corporate mission.
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."