Star Gold Corp. announces further results of 2012 drilling at Longstreet project
Friday, Sep 14, 2012
COEUR D'ALENE, Idaho, Sept. 13, 2012 /PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) announced today the assay results for two (2) of the 8 RC drill holes recently completed during the 2012 Phase 1 drilling program at its Longstreet property. The assay results are for 2 holes drilled at the North target. Longstreet is located in Nye County, Nevada and lies 25 miles southeast of the Round Mountain mine.
"Assay results continue to confirm the solid grades and thicknesses recorded in previous RC drill holes, released on August 15, 2012," said Scott Jenkins, Chief Geologist and Director of Exploration of Star Gold Corp. "The 3-D knowledge, specifically the vertical dimension, of the North target is at an initial stage and the results at this target are prospective." The grades on these two holes were consistent with some of the lower grade holes drilled at Main. North is a large target, triangular shaped; 1,800 feet-long; X 500 feet-width on the north end and X 1,000 feet width on the south end. The two drill holes; LSN-1218 and LSN-1219, represent a very limited part of the North Target. Star Gold intends to continue drill testing this target with 15-20 RC drill holes planned for the first quarter of 2013.
Further Results at Main
Six holes were also drilled at Main. The highlight of the drilling at Main was hole LS-1212 which contained 206 feet true thickness of +0.01 oz/ton gold equivalent (AuEq) down dip from any previous drilling. This drill hole along with others, completed earlier in the year, defined significant thicknesses of oxidized mineralization below the Adit Fault, which was originally thought to be the bottom of the mineralized zone.
Holes LS-1211, 1213, 1214 and 1215, all at Main, each have from 170 to 205 feet of +0.01 oz/ton AuEq and will add to the current resource. LS-1210, drilled along the eastern side of the deposit contained 95 feet of +0.01 oz/ton AuEq. Drilling results are shown can be found on the Star Gold website at www.stargoldcorp.com.
Holes at North Target
Drill holes LSN-1218 and LSN-1219 are 2 of the first three (3) holes drilled in the North target located approximately 2,000 feet north of the Main target. Two orthogonal sets of near vertical sheeted veins are intermittently exposed at surface. The three angle holes were drilled roughly 300 feet apart at the same orientation as at Main. Results to date show 42 to 78 feet true thicknesses of +0.01 oz/ton in these two holes. Oxidized and argillic alteration with weak zones of silicification, were intercepted; from the surface to; 140 feet in LSN-1218, and from the surface to 190 feet in LSN-1219. Results for the third hole LSN-1220 have not been received. Until additional holes are drilled the potential of this new zone cannot be determined.
Completion of Drilling for Phase 1
Phase 1 drilling for 2012 has been completed and the rigs have been moved from the Longstreet property. Star Gold completed 22 drill holes during the 2012 Phase 1 program. The total footage drilled is 9,397 feet. Although Phase 1 drilling is completed, results for five holes are still pending and will be released when available. These will include three (3) core holes that were drilled at Main.
Once assays are received and results digitized for all holes, a Phase 2 drilling program will be designed. Besides Main, additional drilling is planned at North and at Opal Ridge. The drilling will be angled reverse circulation holes (RC). Column leach metallurgical testing is also planned in Phase 2.
Drilling samples will continue to be collected in five foot intervals, logged and securely shipped to ALS Chemex Labs Inc. in Reno, Nevada; analyzed for gold and silver by fire assay. A second sample split is kept on site for possible re-testing or future metallurgy.
About Star Gold Corp.
Star Gold is a gold exploration/development company formed in 2006 for the purpose of evaluating, acquiring and developing Gold projects in United States currently focused on Nevada.
SOURCE Star Gold Corp.