Star Gold Corp. (SRGZ:OTCQB) announced exploration approval received from the United States Bureau of Land Management (BLM) for its flagship Longstreet project in Nevada, U.S. On June 17, 2026, the company issued a press release discussing the program's goals, which include geotechnical testing, a well-drilling campaign, and the development of 11 drill sites, three water wells, and five test pits to facilitate leach pad engineering.
Ideally, the company hopes that this program will advance the project on several fronts at once, with CEO of Star Gold, Lindsay Gorrill, saying: "Securing BLM approval for this program allows us to advance our resource work while simultaneously generating the geotechnical and engineering data that will support heap leach pad design. This is exactly the kind of disciplined, methodical work that moves a project toward development, and it reflects the value-focused plan we have outlined for our shareholders."
The company believes this program will advance the project to a point that will facilitate operational permitting from both federal and state organizations.
Star Gold Corp. is a U.S.-based gold and silver exploration company developing assets along the proven Walker Lane Belt in Nevada. The company's 100%-owned Longstreet Project spans approximately 2,600 acres, comprising 137 unpatented mining claims and five additional unpatented claims held under lease with an option to purchase.
Gold & Silver Steadying Amid Peace Talks
The metals sector has been on a rollercoaster of ups and downs since the beginning of the U.S.-Iran War. Gold, silver, and other precious metals have been rising on the tides of good news and falling on the tides of bad news. Still, peace talks between the U.S. and Iran are currently going smoothly, with a temporary ceasefire announced on June 14, 2026. Early June 17, 2026, spot gold was trading near US$4,334.10 an ounce, up 0.06%, while spot silver was trading at US$69.94, down 0.14% on the session.
Gold surged to a record high earlier in the year, hitting a high of over US$5,000 per ounce in January, and many expect the rally to resume once international conflict cools down. 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."
With its industrial usage, silver is more than a speculative buy, even with its vulnerability. Higher demand from electric cars, solar panels, data centers, and more is shoring up silver's future demand. Yahoo Finance quoted experts from both BlackRock and J.P. Morgan as saying, "By the end of 2026, experts predict silver's price will surpass US$80 per ounce, and it could reach US$100 per ounce by 2030."
Despite the volatility of gold and silver, the sector as a whole is only showing signs of improvement. On May 7, 2026, Brian Taylor of Recycling Today said 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 Optimistic About Stock Future
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."
2026 Catalysts Ongoing
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.
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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.
For additional disclosures, please click here.
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.
