Wednesday, May 25, 2011 4:01:27 PM
Star Gold Corp (OTCBB:SRGZ)
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Today : Wednesday 25 May 2011
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Star Gold Corp. (OTCBB: SRGZ) is pleased to announce it has received preliminary approval from the United States Forest Service (USFS) for its Plan of Operations to drill at its Longstreet Project subject to posting a bond, estimated at approximately $30,000. The Company has been approved to drill 48 exploratory holes which will allow Star Gold to conduct mineral exploration at Longstreet on National Forest lands. The core samples will provide the Company with a more thorough understanding of the potential to utilize leaching processes in the future to extract gold from the land.
Lindsay Gorrill, President of Star Gold, stated, "We have reached a major milestone in our fundamental progress and are delighted to inform our shareholders we expect to complete our objective of drilling these test holes by the end of the third quarter 2011. Star Gold is currently in the process of filing a bond with the USFS which will complete the approval process and allow the Company to proceed with drilling its core samples. The Company expects the bond filing process to be completed within the next few weeks. We believe the Longstreet Project offers great potential upside for the Company's future and its goal to become a successful gold producer
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