Star Gold Corp.'s Longstreet Project Shows Promising Economic Results in Nevada

Star Gold Corp. has announced positive results from its Preliminary Economic Assessment (PEA) for the Longstreet Gold-Silver Project in Nevada.

The PEA, prepared by Kappes, Cassiday & Associates, estimates a pre-tax net present value (NPV) of $87 million at a gold price of $3,600/oz and silver price of $48/oz, with an internal rate of return (IRR) of 48%.

At a higher gold price of $4,000/oz and silver price of $60/oz, the NPV increases to $122 million with an IRR of 63%.

The study assumes a conventional open-pit, crushed heap-leach operation using portable crushing, diesel-generated power, conveyor stacking, and off-site carbon stripping.