Star Gold Corp. reported an update for investors and shareholders on the operations underway at the company’s mining property in Nye County, Nevada.
Star Gold has started the first phase of drilling activity at the Longstreet gold property in southern Nevada. The company plans to drill twelve infill and expansion holes at the property using a Reverse Circulation (RC) rig.
Star Gold is basing the exploratory program partially on a recent report issued by Paul D. Noland, an independent geologist hired by the company. The report estimated that the property might contain 3.5 million short tons with an average gold content of 0.053 ounces per ton.
Star Gold said that phase one will consist of between 25 and 30 exploratory drill holes totaling 10,000 feet. The company will begin the program at the Main site at Longstreet and then continue exploration at the North target in early 2012.
Star Gold received approval for the Longstreet exploration program from the U.S. Forest Service in August 2011.
The Cyprus Ridge area at the Longstreet property is a third target area for Star Gold Corp., and the company has conducted surface mapping and geochemical sampling here. The company plans exploration at Cyprus Ridge in the summer of 2012.
For more information on the company, go to www.stargoldcorp.com
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