Star Gold Corp. (SRGZ:OTCQB) announced the approval of its plan of operations (POO) for its Longstreet property from the U.S. Forest Service. The project is in Nye County, Nevada, and is comprised of 142 unpatented mining claims spanning 2,600 acres. The company will now advance the suite of technical studies required to support an Environmental Impact Statement (EIS).
Lindsay Gorrill, CEO of Star Gold, commented on the approval: "Receiving Forest Service approval of our POO is a defining milestone for Star Gold. The POO establishes a clear, authorized pathway to the ultimate production permit at our Longstreet gold and silver project. With our recently completed financing in place to fund the approved POO work, we are well-positioned to execute and move through the EIS process and onto the permit application. Mining the Main Deposit remains our central objective for the coming months, and we now have the regulatory and financial foundation to pursue it."
The project's approved scope of work includes three interconnected programs:
- Hydrology and Water-Resource Assessment
Star Gold will drill the processing water source well and required monitoring wells to complete a full hydrogeologic baseline study. This work will establish baseline hydrology data, monitor water quality downgradient from the heap leach pad, and generate a formal water quality monitoring plan essential to the EIS.
- Site Characterization for Heap Leach Pad Design
Systematic soil sampling at the proposed leach pad location will verify subsurface conditions to guide engineering design, stability analysis, and permitting documentation. Results will directly inform heap leach pad and pile design specifications.
- Geology and Resource Assessment
A diamond drilling program targeting the Main Deposit will verify rock mass geology, support baseline geochemical testing, and refine gold and silver resource classifications. Data generated will enhance the geological model, update resource classifications, and provide the technical foundation for feasibility work.
"The approved scope of work reflects the systematic, data-driven approach our team has taken from the outset," said Reines Sipols, the company's director of project management. "Each of the three workstreams — hydrology, site characterization, and resource drilling — is specifically designed to generate the technical data the USFS requires for EIS review. We have the team and the plan to execute these programs."
Star Gold Corp. is a U.S.-based gold and silver exploration company developing assets along the proven Walker Lane Belt in Nevada.
Bullish Gold & Silver Dip
Kitco reported gold and silver prices lowered in early U.S. trading on May 21, due to the continued conflict between the U.S. and Iran, which heated up as oil rebounded on renewed U.S.-Iran friction. The article said, "The Strait of Hormuz remains the main geopolitical channel into oil rates and precious metals. Wednesday's tanker movement through the strait reduced the immediate supply-risk premium, but that relief faded after Iran's supreme leader hardened Tehran's negotiating stance by ordering that enriched uranium remain inside the country." Spot gold was trading near US$4,512.90 an ounce, down 0.69%, while spot silver was trading near US$75.065, down 1.06% on the session.
Others are more confident in gold's future. In April, S&P Global wrote, "Gold is expected to remain volatile but structurally supported, with central bank demand and geopolitical risk helping to establish a price floor above recent correction lows."
Despite the volatility of gold, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today reported that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.
Analysts Recommend High Price Targets
1In a March 6, 2026, contributed technical analyst opinion piece for Streetwise Reports, John Newell of John Newell & Associates weighed in on Star Gold's stock. He said, "The chart for Star Gold is beginning to show the kind of structure technicians often watch for after a long period of neglect. Following years of quiet trading during the junior mining bear market, the shares appear to have built a broad accumulation base. These long bases are important because they represent a gradual transfer of stock from discouraged holders into stronger hands willing to wait for the next cycle."
Streetwise Ownership Overview*
Star Gold Corp. (SRGZ:OTCQB)
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 03/01/12 | SRGZD | 1 | SRGZ | 1 |
| 02/02/12 | SRGZ | 6 | SRGZD | 1 |
| 09/25/09 | SRGO | 1 | SRGZ | 2 |
| 08/20/08 | SRGOE | 1 | SRGO | 1 |
| 08/04/08 | SRGO | 1 | SRGOE | 1 |
| 06/25/08 | EDVL | 1 | SRGO | 1 |
| 03/05/08 | ELNV | 1 | EDVL | 3 |
Newell argued that the stock has been largely ignored but has historically attracted strong buying interest during rallies, saying, "If the shares can establish a sustained move above the US$0.18 level, the chart begins to suggest a potential advance toward the US$0.40 area, which represents the next logical technical objective based on the stock's historical trading structure."
2In a separate contributed technical analyst opinion, Stewart Thomson gave his opinion of the company on April 27, 2026. Thomson gave the stock a "Strong Speculative Buy" rating and said that it ". . . volume has been this high before, but not consistently, as it is now." Thomson went on to give Star Gold a short-term price target of US$0.20 and a long-term price target of US$5.40, noting that "given the consistent outperformance of Star Gold during CDNX rallies, high long-term price targets for the stock are reasonable considerations."
A Busy Q2 2026 Planned
In Q2 2026, Star Gold will be finishing up water wells for the mining site, designing the leach pad site, and beginning additional drilling on the Main resource site.
The final permit to begin production is expected in Q3 or Q4 of 2027.
Ownership & Share Information3
Star Gold Corp. has a market cap of CA$25.69 million, with 191.7 million shares outstanding. The company's 52-week range is CA$0.007-CA$0.20.
Insiders and Management own 20.94% of shares, while Strategic Investors own 27.03%. The remaining 52.03% of shares are held by Retail.
| Want to be the first to know about interesting Silver and Gold investment ideas? Sign up to receive the FREE Streetwise Reports' newsletter. | Subscribe |
Important Disclosures:
Important Disclosures
- Star Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Star Gold Corp.
- Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
1. Disclosure for the quote from the John Newell article published on March 6, 2026
- For the quoted article (published on March 6, 2026), Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
- Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Disclosure for the quote from the Stewart Thomson article published on April 27, 2026
- For the quoted article (published on April 27, 2026), Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
- Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts. The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
3. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
