Star Gold Corp - SRGZ.OB
7/28/2010
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Post Falls, Idaho, (BUSINESS WIRE)- Star Gold Corp. (OTCBB: SRGZ - News) (the “Company”) Star Gold is pleased to update the previously disclosed information provided on and in Form 8-K as filed with the Securities and Exchange Commission on June 22, 2009, that on June 18th, 2009 Star Gold increased it’s mineral claims on its Excalibur Project by 525%. Star Gold acquired an additional 42 Claims surrounding the existing 8 claims it holds under an agreement with MinQuest Inc. The increased holdings, brings Star Gold’s total aggregate claims to 50 and acreage of the Excalibur Project to nearly 1000 acres.
The Excalibur Property, located about 20 miles southwest of Mina, Nevada, is embedded within the prolific Walker Lane Mineral Belt, on Moho Mountain. “Nevada has the largest deposits of gold in North America ” and specifically “in the prolific Walker Lane Mineral Belt of West Central Nevada, past production has yielded more than 35 million gold equivalent ounces ” over a span of more than 125 years. This area has already shown production from nearby fields, such as: Rawhide, Paradise Peak, Tonopah, and Goldfield mines.
“We are extremely pleased to be able to expand our holdings in such a prolific and proven mining area.” Commented Lindsay Gorrill, President, CEO, Star Gold Corp. “Nevada is a very favorable mining district that has a progressive mining government and the necessary infrastructure to support exploration and mining activities. The Excalibur Project meets our corporate criteria for exploration projects with the potential for the discovery of precious metal deposit”.
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."