Star Gold Corp., a pre-development stage company, engages in the acquisition and exploration of precious metal deposit properties and advancing them toward production. The company engages in the business of exploring, evaluating, and acquiring mineral prospects with the potential for deposits of precious and base metals.
The company originally leased with an option to acquire certain unpatented mining claims located in the state of Nevada which in part make up what it refers to as the Longstree...
Star Gold Corp., a pre-development stage company, engages in the acquisition and exploration of precious metal deposit properties and advancing them toward production. The company engages in the business of exploring, evaluating, and acquiring mineral prospects with the potential for deposits of precious and base metals.
The company originally leased with an option to acquire certain unpatented mining claims located in the state of Nevada which in part make up what it refers to as the Longstreet Property (or the Longstreet Project). The Longstreet Property in its entirety includes 142 mineral claims, including 75 original optioned claims, of which 70 are unpatented staked claims and five claims leased from local ranchers, pursuant to the Clifford Lease, as well as 50 claims subsequently staked by Star Gold. The Longstreet Property covers a total area of approximately 2,500 acres (1,012 hectares). The Longstreet Project is at an intermediate stage of exploration. The Longstreet project is located 48 kilometers southeast of the Round Mountain Mine in Nevada.
Of the 50 claims staked by the company, 38 are adjacent to the eastern boundary of the property and were staked with the objective of providing a site for potential leach pads planned for future development of the Main Zone (the Leach Pad Claims). The remaining 12 claims staked by the company lies along a corridor leading from the main Longstreet property to the Leach Pad Claims. The company hopes to develop an open pit, bulk minable, and heap leachable gold/silver mine at Longstreet.
History
The company was founded in 2006. It was incorporated in the state of Nevada in 2006. The company was formerly known as Elan Development, Inc. and changed its name to Star Gold Corp. in 2008.