Star Gold Corporation

Time 2020-10-26 08:03:30

Web Name: Star Gold Corporation

WebSite: http://www.stargoldcorp.com

ID:94737

Keywords:

Star,Gold,Corporation,

Description:

Star Gold is an exploration stage company engaged in the acquistion and exploration of precious metal deposit properties and advancing them toward production. Goal is to drive low cost production. Led by world class experienced professionals, Star Gold has put together a team of industry experts. Each member of the management team is a shareholder and investor. Mr. Gorrill has a Bachelor of Business Administration in finance and marketing from the University of Simon Fraser. He is a certified Chartered Accountant with 20 years of experience in the industrial mineral business; specializing in geological discovery, to mining, to production to market. He has marketed industrial minerals internationally. He is the President and CEO of Canada Fluorspar, a public company developing a fluorspar project in Newfoundland which is in the process of building a $100 million Fluorspar plant and mine. He was previously a director and CFO for Quinto Mining Corporation, a publicly listed company acquired in June 2008 by Consolidated Thompson for $175 million. David Segelov is a Chartered Financial Analyst (CFA) and earned a Masters of Business Administration from Columbia University in New York. He also holds a law degree from Sydney University. He is the sole partner of Reverse Swing Capital, a financial consulting firm. Reverse Swing Capital provides financial analysis of investments and ideas for hedge funds. For the past six years Mr. Segelov has primarily focused on resource companies in the USA, Australia and Canada with an emphasis in gold investments. Mr. Segelov has invested in a range of early stage projects encompassing various types of metals; including being an early investor in open pittable gold mines in Mali and Ghana and projects developing silver in New South Wales. Mr. Segelov's personal philosophy as an investor is to identify long range "holds" in an attempt to capture value along the curve as companies are able to find and add resources and prove those resources into a viable mine. With over 20 years experience, Mr. Stopher has the acumen and leadership to be a key member of Star Gold's executive team and participate in overall corporate and financial strategic planning to propel the Company's growth as it expands its presence in the precious metals industry. Mr. Stopher has developed strategies to implement financial management systems, internal control policies and procedures, and financial reporting and modeling for small-cap companies. He has extensive experience in preparation of all financial reports including income statements, balance sheets, reports to shareholders, tax returns and compliance issues/filings as they relate to government regulatory agencies. His particular expertise is analyzing company operations to pinpoint opportunities in areas that need reorganization, downsizing or streamlining. Mr. Stopher is also proficient at negotiations and establishing financial structures for potential financings. Ron Nilson is the President and CEO of Ground Force Worldwide (“Ground Force”) based in Post Falls, Idaho. Mr. Nilson has run Ground Force since 2000. Ground Force is an engineering and manufacturing company, specializing in mining equipment. Ground Force designs, engineers and manufactures specialized equipment to be used in open pit and underground mines around the world. It is a company with global reach - operating three factories in north Idaho and factories in Newcastle, England and in Lima, Peru. Ground Force is licensed by Caterpillar Inc. as an OEM Manufacturer and continues to build many of its products based on Caterpillars’ chassis. Mr. Nilson is familiar with Star Gold as he is a shareholder of the Company and has been to the Longstreet site to review the project. He is also familiar with mining operations in Nevada generally, having supplied equipment, through Ground Force, to mining projects in Nevada, including open pit mining operations near the Company’s Longstreet project. Mr. Power is President and CEO of Sunshine Minting, Inc. He also is Chairman of the Board of Sunshine Minting International (Shanghai) Co. Ltd which is a joint venture between Sunshine Minting, Inc. and Shanghai JinYuan Culture Development Co. Ltd., for the production of precious metal blanks and products in Shanghai, China. Mr. Power has over 26 years experience in the precious metals and minting fields. He began his career in this field with Johnson Matthey Ltd., the Canadian division of Johnson Matthey PLC based in the United Kingdom. During his tenure with Johnson Matthey, Mr. Power held several key management positions in both Operations and Sales. In May 1997, Mr. Power joined Sunshine Minting, Inc., as a key member of the senior management team. In January 2007, Mr. Power successfully acquired 100% ownership of Sunshine Minting, Inc. and assumed the role of its President and CEO. Under his tenure Sunshine Minting, Inc. has grown from a small regional supplier of products with 30 employees to a large multi-national corporation which in 2014 employs 450 people with 2 operations in the United States, and with offices and agents in Canada, South America and Europe with total revenue of approximately $1 billion. Mr. Coombs has over fifteen years of experience in the exploration and development of gold mining properties in North America, Europe and Africa. Mr. Coombs structured and supervised the financial operations for Falconbridge Ltd, Noranda Inc. and Xstrata PLC’s North American gold production. At the height of his responsibility, Mr. Coombs managed responsibilities of hedging, selling and refining of more than 1 million ounces of gold annually. More recently, he was CFO of the Canadian company Canada Fluorspar Inc., which was previously listed on the TSXv exchange. Additionally, Mr. Coombs has worked extensively in West Africa developing producing gold mines for Endeavour Mining in Burkina Faso and exploration projects in Mali, Ghana and Cote d’Ivoire. Mr. Coombs completed his undergraduate work at Memorial University in St. John’s, Newfoundland, Canada earning a Bachelor of Commerce, followed by both C.M.A. and C.G.A designations. After working for Falconbridge for several years Mr. Coombs completed his MBA at Laurentian University in Sudbury, Ontario, Canada. Star Gold is engaged in the business of exploring, evaluating and acquiring mineral prospects with the potential for economic deposits of precious and base metals. Star Gold currently leases with an option to acquire 113 unpatented mining claims (covering approximately 490 Hectares) located in the State of Nevada and known as the Longstreet Property. Star Gold currently owns the rights to acquire up to a 100% mining interest (covering a total of 50 unpatented claims) in a mineral property (known as the Excalibur Property) located in the State of Nevada. Star Gold is a mineral exploration stage company with no producing mines. Star Gold Corp., since obtaining the option to the Longstreet property has drilled approximately 60 holes (4 holes were core drilling and the remainder were reverse circulation) on the Main Zone. Longstreet Drill Map This updated Technical Report including the pit design, low strip ratio and the low operating costs demonstrates the potential for a starter mine at the Main Zone. Going forward, Star Gold intends to complete metallurgical testing and then proceed to a Preliminary Economic Assessment as a result of this report. --David Segelov, President and CEO of Star Gold Corporation. Longstreet Analyst Report May 2020 Longstreet Scoping Study May 2014 Longstreet Technical Report 2014 Longstreet Technical Report 2013 Longstreet Drill Map Longstreet Study 1988 The Longstreet Property was discovered in the early 1900 s, but had limited development work until 1929. A 1929 report and maps show development of the Golden Lion Mine on two levels spaced 75 meters apart vertically. The report indicates development of 300,000 tons of vein material averaging 0.20 oz/ton (6.8 g/t) gold and 8 oz/ton (274 g/t) silver. A mill was constructed, the remnants of which are still on the property. However, the small stopes underground indicate very little mining was done and the operation was abandoned. The property lay idle until 1980 when Keradamex Inc. and E B Exploration formed a joint venture to explore the property. The venture conducted soil and rock chip geochemical surveys, limited underground sampling and drilled seven (one was abandoned) angle core holes into the Main mine workings area. This drilling revealed the presence of fracture related gold mineralization up to 36 meters thick extending into the hanging wall of the vein structure. Gold mineralization within this zone averaged 0.02- 0.528 oz/ton (0.7-18.1 g/t) and revealed the presence of a heap leachable target. In 1982 Minerva Exploration optioned the property and initiated an underground sampling program. In 1983 a joint venture was formed with Geomex Canada Resources Ltd. Derry, Michener, and Booth were commissioned to assess the property and conducted underground sampling, bulk sampling and metallurgical testing. They concluded there were reserves of 60,000 tons averaging 0.11 oz/ton (3.8 g/t) gold and 5 oz/ton (171 g/t) silver. In early 1984 Naneco Resources Ltd., an Alberta company, acquired all of the assets of Minerva and an additional 10 percent interest in the property from Geomex. As operator, Naneco immediately initiated drilling. In 1985, with over 200 RC holes drilled the venture announced an oxidized drill inferred reserve of 850,000 tons averaging 0.079 oz/ton (2.7 g/t) gold and 1.1 oz/ton (38 g/t) silver along with an additional low grade reserve of 1.5 million tons averaging 0.021 oz/ton (0.72 g/t) gold and 0.4 oz/ton (14 g/t) silver. During the next few years Naneco increased its interest from 53 percent to 100 percent, conducted additional metallurgy, economic evaluation and drilling. The most recent reported resource in July 1988 indicates a drill proven reserve of 140,000 ounces of gold. At least 492 RC holes have been drilled, most within the Main resource area. Naneco’s last announcement also states that total property potential is considerably higher than the 280,000 ounces currently believed to exist . Unable to raise money because of falling gold prices and strapped with high land payments to the claim owners, Naneco dropped the property in 1998. MinQuest acquired it shortly thereafter. The Cyprus target (which is a different type of vein sulfide system), which was evaluated by Cyprus Minerals Company in 1987 was acquired by MinQuest in early 2002. The property was optioned to Rare Earth Metals Corp. (REM) in May of 2002. REM later changed its name to Harvest Gold. Mapping and geochemical sampling of the 7 targets shown on the attached map was completed in October, 2002. From 2003 through 2005 REM drilled 30 holes into Main totaling 3,350 meters. The drill holes were angled toward the intersection of the two primary sheeted vein sets. Results showed a 20% improvement in average grade over vertical drilling. MinQuest created drilling sections on 30m spacing and did geologic interpretation of the veins and calculated a resource using a 0.015 oz/ton (0.51 g/t) gold equivalent cut-off. The Main deposit has a calculated geologic resource totaling 2,847,690 tons at a non-diluted grade of 0.061 oz/ton (2.09 g/t) gold equivalent (172,571 ounces). It is estimated that roughly 60 percent of this resource (103,542 ounces) may be minable by open pit, heap leach methods. When REM split into Harvest Gold and VMS Ventures Inc. all of the attention and funding went to VMS and Harvest did no additional work at Longstreet from late 2005 to the present. The property was finally returned in August 2009 to Minquest. By agreement with Minquest, Star Gold Corp. acquired the property on January 15, 2010. (Please note all these historical results can not be relied on for their accuracy) Our current share price may be viewed online here. Star Gold Corp. SEC Filings Star Gold encourages all interested parties to review its filings with the Securities and Exchange Commission which may be viewed online here. Corporate presentation and Fact sheet Corporate presentation, February 2019 Letter to Shareholders, January 2019 FactSheet, February 2019 Longstreet Longstreet Technical Report 2014 Longstreet Drilling Map 2012 Drill Results at Longstreet Main Longstreet Technical Report 2013 Longstreet Technical Report 1988 Star Gold Corp. ("Star Gold" or the "Company") does not retain the services of an investor analyst nor does it endorse or affiliate with any individual or organization engaged in the publication of third-party analysis of Star Gold stock or the recommendation to buy, sell or hold Star Gold stock. Any information reported by a third-party investor analyst is strictly the opinion of such analyst and not the responsibility of the Company. All relevant information pertaining to the Company and which contains information disseminated by the Company or with the Company's approval is published via press releases issued by the Company and also via Form 8-K and/or other filings, by the Company, made with the Securities and Exchange Commission. Furthermore, the Company does not make any material disclosures of non-public information regarding the Company or its business operations except in compliance with Regulation FD to the Securities and Exchange Act of 1934 and all other applicable securities laws. Star Gold Provides Update for Longstreet Project - May 2020 Star Gold Corp. Begins Biological Studies at Longstreet property Star Gold Corp. appoints Thomas Power to its board of directors Star Gold Corp. commences targeted 2014 drilling at Longstreet property Star Gold Corp. appoints Paul Coombs to Board of Directors Star Gold Corp. appoints Judy Baker to Board of Directors Star Gold Corp. completes scoping study on Longstreet Property Star Gold Corp. released results from its metallurgical testing on the Main Zone Star Gold to Host Conference Call on Updated Technical Report by Paul Noland Star Gold appoints Mr. Ron Nilson, CEO of Ground Force Worldwide to Board of Directors Transcript of Star Gold Conference Call on Updated Technical Report Audio of Star Gold Conference Call on Updated Technical Report Star Gold Files Further Technical Report on Longstreet Gold-Silver Property Star Gold to Host Conference Call on Updated Technical Report Star Gold Closes on $1.1 Million Private Placement October 10, 2013 Star Gold Releases Drilling Results for 2013 Longstreet Project August 8, 2013 Star Gold Commences Drilling at Longstreet Project July 18, 2013 Star Gold Announces First Drill Results July 9, 2013 Star Gold Commences Drilling at Longstreet Project May 13, 2013

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