Star Gold is an exploration stage company engaged in the acquisition and exploration of precious metal deposit properties and advancing them toward production. Goal is to drive low cost production.
Led by world class experienced professionals, Star Gold has put together a team of industry experts. Each member of the management team is a shareholder and investor.
Mr. Gorrill has a Bachelor of Business Administration in finance and marketing from the University of Simon Fraser. He is a certified Chartered Accountant with 20 years of experience in the industrial mineral business; specializing in geological discovery, to mining, to production to market. He has marketed industrial minerals internationally.
He is the President and CEO of Canada Fluorspar, a public company developing a fluorspar project in Newfoundland which is in the process of building a $100 million Fluorspar plant and mine. He was previously a director and CFO for Quinto Mining Corporation, a publicly listed company acquired in June 2008 by Consolidated Thompson for $175 million.
David Segelov is a Chartered Financial Analyst (CFA) and earned a Masters of Business Administration from Columbia University in New York. He also holds a law degree from Sydney University. He is the sole partner of Reverse Swing Capital, a financial consulting firm. Reverse Swing Capital provides financial analysis of investments and ideas for hedge funds.
For the past six years Mr. Segelov has primarily focused on resource companies in the USA, Australia and Canada with an emphasis in gold investments. Mr. Segelov has invested in a range of early stage projects encompassing various types of metals; including being an early investor in open pittable gold mines in Mali and Ghana and projects developing silver in New South Wales. Mr. Segelov's personal philosophy as an investor is to identify long range "holds" in an attempt to capture value along the curve as companies are able to find and add resources and prove those resources into a viable mine.
With over 20 years experience, Mr. Stopher has the acumen and leadership to be a key member of Star Gold's executive team and participate in overall corporate and financial strategic planning to propel the Company's growth as it expands its presence in the precious metals industry.
Mr. Stopher has developed strategies to implement financial management systems, internal control policies and procedures, and financial reporting and modeling for small-cap companies. He has extensive experience in preparation of all financial reports including income statements, balance sheets, reports to shareholders, tax returns and compliance issues/filings as they relate to government regulatory agencies. His particular expertise is analyzing company operations to pinpoint opportunities in areas that need reorganization, downsizing or streamlining. Mr. Stopher is also proficient at negotiations and establishing financial structures for potential financings.
Scott Jenkins brings over 30 years of international geological exploration and development experience, including 15 years within the Nevada region and nearly 10 years in South Africa, which included successful tenures as New Projects Manager for RTZ Limited (also known as Rio Tinto Zinc) and as Managing Director of Geelfontein Exploration.
Most notable in Mr. Jenkins' career was his tenure with Geelfontein Exploration where he was Instrumental in the purchase of a Uranium mine in South Africa which had previously shown proven reserves. Upon directing the Company to employ new mining methods and metallurgical processes, Mr. Jenkins's efforts increased the mine's uranium oxide production from 2000 tonnes to nearly 3000 tonnes, thus increasing the gross value of proven reserves from $22 million to $29.7 million with a uranium price at that time of $10/lb. At present day uranium prices ($48/lb) the assets would be valued at approximately $143 million. As principal negotiator over Geelfontein's corporate assets, Mr. Jenkins intialized the Company's sale for about seven times the original purchase price.
Mr. Jenkins' most recent positions are as current President of Complex Systems Analysis Inc. (based out of Nevada) and formerly as Quality Assurance Inspector for Veka West Inc. where he received an achievement award in 2005 for his work. Scott bolstered his management experience with Jenkins & Associates in Botswana, SLJ Exploration and RTZ Limited (also known as Rio Tinto Zinc) in South Africa. He has also served as a Geologist for Kenecott Exploration, Westmont Mining, Homestatke Mining Company, Amselco Exploration in Nevada, AMAX Exploration in Montana, Moly Corporation in Washington, Anaconda Minerals Company in Utah and in the public sector for the Oregon Department of Minerals. He holds a Bachelor's Degree in Geology from the University of Colorado and a Master's in Economic-Structural Geology from Oregon State University.
Mr. Ullmer brings over 30 years of international geological exploration and development experience, including time with DeBeers Diamonds Inc. (Anglo-American Corp.), Hudson Bay Mining and Smelting Co., and Union Pacific Railroad.He has dealt with many different types of precious and base metals, including uranium, vanadium, diamonds and gold.
One of the last members of the photogeologist generation, Ed has delivered many geologic maps and geologic evaluations world-wide and specializes in technical reporting and writing, including multiple publications and 43-101 technical reports for Canadian mineral disclosure records. Along with his North American exposure, Mr. Ullmer has also amassed an international profile, serving as a uranium exploration consultant for Denison Mining Co. in Mongolia and Zambia. Many of Mr. Ullmer's years have been spent analysing the areas surrounding Star Gold's Excalibur Project in Nevada and California.
Along with working for the petroleum and mining industries, Ed Ullmer has experience in Environmental Geology for Cameron Cole LLC. His work has been published in Economic Geology, Newsletter of the International Geological Correlation Programme, UN Project and Contributions to Geology. He holds a Bachelor's Degree in Geology, and a Masters Degree in both Geology and in Education.
Mr. Falconer started in the investment business in 1952, spending thirty years with Midland Doherty Ltd., Canada's largest investment firm. Mr. Falconer eventually became one of three senior partners with Midland Doherty. Mr. Falconer spent 10 years as a Governor of Simon Fraser University, and three years as Governor of Emily Carr College of Art and Design. In 1987 Mr. Falconer founded Canadian Springs Water Co. Ltd. which eventually became a part of Canada's largest bottled water Company.
Canadian Springs was sold in 1995 and is now a part of Aquaterra Corporation. Mr. Falconer does not currently serve as an officer or director of any company other than Star Gold although he has served as a director of numerous natural resource (oil/gas and mining) companies in the past. In 1989 Mr. Falconer became a director of Hawkeye Mining (the name was later changed to WGI Heavy Minerals Ltd.), becoming chairman of the board in 1994. Mr. Falconer and Star Gold’s President, Lindsay Gorrill, previously worked with one another at WGI, identifying properties of Ilminite and Garnet in India, going on to build four mills and three pre con plants for both Ilminite and Garnet. Mr. Falconer retired from WGI in 1994.
Star Gold is engaged in the business of exploring, evaluating and acquiring mineral prospects with the potential for economic deposits of precious and base metals.
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This updated Technical Report including the pit design, low strip-ratio and the low operating costs demonstrates the potential for a starter mine at the Main Zone. Going forward, Star Gold intends to complete metallurgical testing and then proceed to a Preliminary Economic Assessment as a result of this Report.David Segelov, President and CEO of Star Gold Corporation.
The Longstreet Property was discovered in the early 1900's, but had limited development work until 1929. A 1929 report and maps show development of the "Golden Lion Mine" on two levels spaced 75 meters apart vertically. The report indicates development of 300,000 tons of "vein material" averaging 0.20 oz/ton (6.8 g/t) gold and 8 oz/ton (274 g/t) silver. A mill was constructed, the remnants of which are still on the property. However, the small stopes underground indicate very little mining was done and the operation was abandoned.
The property lay idle until 1980 when Keradamex Inc. and E & B Exploration formed a joint venture to explore the property. The venture conducted soil and rock chip geochemical surveys, limited underground sampling and drilled seven (one was abandoned) angle core holes into the Main mine workings area. This drilling revealed the presence of fracture related gold mineralization up to 36 meters thick extending into the hanging wall of the vein structure. Gold mineralization within this zone averaged 0.02- 0.528 oz/ton (0.7-18.1 g/t) and revealed the presence of a heap leachable target.
In 1982 Minerva Exploration optioned the property and initiated an underground sampling program. In 1983 a joint venture was formed with Geomex Canada Resources Ltd. Derry, Michener, and Booth were commissioned to assess the property and conducted underground sampling, bulk sampling and metallurgical testing. They concluded there were reserves of 60,000 tons averaging 0.11 oz/ton (3.8 g/t) gold and 5 oz/ton (171 g/t) silver.
In early 1984 Naneco Resources Ltd., an Alberta company, acquired all of the assets of Minerva and an additional 10 percent interest in the property from Geomex. As operator, Naneco immediately initiated drilling. In 1985, with over 200 RC holes drilled the venture announced an oxidized drill inferred reserve of 850,000 tons averaging 0.079 oz/ton (2.7 g/t) gold and 1.1 oz/ton (38 g/t) silver along with an additional low grade reserve of 1.5 million tons averaging 0.021 oz/ton (0.72 g/t) gold and 0.4 oz/ton (14 g/t) silver.
During the next few years Naneco increased its interest from 53 percent to 100 percent, conducted additional metallurgy, economic evaluation and drilling. The most recent reported resource in July 1988 indicates a "drill proven reserve" of 140,000 ounces of gold. At least 492 RC holes have been drilled, most within the Main resource area. Naneco’s last announcement also states that total property potential is "considerably higher than the 280,000 ounces currently believed to exist". Unable to raise money because of falling gold prices and strapped with high land payments to the claim owners, Naneco dropped the property in 1998. MinQuest acquired it shortly thereafter. The Cyprus target (which is a different type of vein sulfide system), which was evaluated by Cyprus Minerals Company in 1987 was acquired by MinQuest in early 2002.
The property was optioned to Rare Earth Metals Corp. (REM) in May of 2002. REM later changed its name to Harvest Gold. Mapping and geochemical sampling of the 7 targets shown on the attached map was completed in October, 2002. From 2003 through 2005 REM drilled 30 holes into Main totaling 3,350 meters. The drill holes were angled toward the intersection of the two primary sheeted vein sets. Results showed a 20% improvement in average grade over vertical drilling. MinQuest created drilling sections on 30m spacing and did geologic interpretation of the veins and calculated a resource using a 0.015 oz/ton (0.51 g/t) gold equivalent cut-off. The Main deposit has a calculated geologic resource totaling 2,847,690 tons at a non-diluted grade of 0.061 oz/ton (2.09 g/t) gold equivalent (172,571 ounces). It is estimated that roughly 60 percent of this resource (103,542 ounces) may be minable by open pit, heap leach methods.
When REM split into Harvest Gold and VMS Ventures Inc. all of the attention and funding went to VMS and Harvest did no additional work at Longstreet from late 2005 to the present. The property was finally returned in August 2009 to Minquest. By agreement with Minquest, Star Gold Corp. acquired the property on January 15, 2010.
Star Gold Corp since obtaining the option to the Longstreet property has drilled approximately 60 holes (4 holes were core drilling and the remainder were reverse circulation) on the Main Zone.
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We believe our Longstreet project has enormous potential and that our current drilling program will lead to a completed pre-feasibility study by late 2013 or first quarter 2014.
Star Gold Closes on $1.1 Million Private Placement
COEUR D'ALENE, Idaho, October 10, 2013-- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) announced that it has completed its private placement of common stock and warrants for a total of $1,100,800 in gross proceeds. The private placement involved a sale of common stock at $0.25 per share, along with a twelve (12) month warrant to purchase 1 additional share, at an exercise price of $0.50 per share, for every two (2) shares purchased in the private placement. Continue reading…
Star Gold Releases Drilling Results for 2013 Longstreet Project
COEUR D'ALENE, ID, 29 August 2013 – Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announced it has completed, for 2013, drilling on the Main Zone of the Longstreet Project and released the highlights of the results of the last fourteen (14) holes drilled. These fourteen holes totaled 4,680 feet and the total drilling program for 2013 at the Main Zone encompassed 20 holes totaling 6,930 feet. All holes drilled were reverse circulation (RC) holes. Continue reading…
Star Gold Commences Metallurgy Work on Main Zone at Longstreet Project
COEUR D'ALENE, Idaho, July 18 2013 -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) announced that metallurgy testing has commenced on the Main Zone of the Longstreet Project. Please read more…
Star Gold Commences Drilling at Longstreet Project
COEUR D'ALENE, Idaho, May 13th, 2013 - Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announces that a drill rig has been mobilized onto the Longstreet Property to commence drilling at the Main Zone. Continue reading…
Star Gold Files Technical Report on Longstreet Gold-Silver Property
COEUR D'ALENE, Idaho, Feb 5th, 2013 -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) announced today that the Company released a new Technical Report for its flagship property, the Longstreet Gold Property, located near Tonopah, Nevada. The Technical Report was produced under the National Instrument (NI) 43-101 standards; please refer to the Cautionary Statement Regarding Mineral Resources set forth at the end of this Press Release. Please read more…
COEUR D'ALENE, Idaho, October 11, 2012 -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) wishes to clarify a statement made in press release distributed on October 3, 2012 titled “Star Gold Corp. Announces Core Results from 2012 Drilling at Longstreet Project”. Please read more…
First Results of 2012 Drilling Expand Mineralized Zones at Longstreet Project, Nevada
COEUR D'ALENE, Idaho, August 15, 2012 -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) is pleased to announce assay results for the first nine (9) holes of 2012 Phase 1 drilling at its Longstreet property. Longstreet is located in Nye County, Nevada and lies 25 miles southeast of the Round Mountain mine. Please read more…
Star Gold announces approval has been granted by the United States Forest Service for the proposed drill holes
COEUR D'ALENE, Idaho, July 26, 2012 --/PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) is pleased to announce that approval has been granted by the United States Forest Service for the proposed drill holes on the North section of Star Gold’s Longstreet property. Continue reading…
Star Gold is pleased to provide the following corporate update
COEUR D'ALENE, Idaho, July 10, 2012 --/PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) is pleased to provide the following corporate update:
Star Gold Corp (SRGZ) Update for 1st Half 2012
Star Gold Corp Commences 2012 Drill Program
Coeur d’Alene, Idaho – May 23, 2012 – Star Gold Corp. (“Star Gold” or the “Company”) (OTC Markets:SRGZ) is pleased to announce that it will commence drilling in early June 2012 on its Longstreet property. This will be the first phase of a two phase program for 2012. It is designed to explore areas which have remained largely untouched as well as increasing depth at existing known oxidized zones at Main. Continue reading…
A number of potentially significant findings emerged from the 2013 drilling program at Longstreet which continued to show the continuity of the deposit.Scott Jenkins, Director of Exploration and Chief Geologist of Star Gold.