on Star Gold Corp. (NASDAQ:SRGZ)
Star Gold Corp. Shifts Focus to Longstreet Project
Star Gold Corp. has announced a strategic shift away from the acquisition of properties from Romios Gold Nevada Inc. The company has decided not to pursue the previously announced Letter of Intent dated February 28, 2025. Instead, Star Gold will concentrate its efforts on the development of its Longstreet property.
The company plans to advance the Longstreet project through infill drilling and aims to move towards obtaining necessary permits. Exploration of other promising targets within the property is also on the agenda. This decision aligns with the current trend in the mining industry, as highlighted by Chairman and CEO Lindsay Gorrill, with gold prices exceeding $3,000 per ounce and investor interest in projects poised for near-term production.
Star Gold believes Longstreet presents a viable opportunity for enhancing shareholder value, focusing on this asset to maximize growth potential.
R. P.
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