Star Gold Corp. (SRGZ:OTCQB) has finalized its summer drill program at the Longstreet Gold-Silver Project, grabbing the attention of precious metals investors.
Key Takeaways
- Star Gold Corp. finalized the design of its summer 2026 drill campaign at the wholly owned Longstreet Gold-Silver Project in Nye County, Nevada, with earthwork for drill site access now underway.
- The 11-hole HQ core program combines resource definition drilling around the Main deposit with the company's first water production well and its first-ever deep test of the Opal Ridge target, drilled to 800 feet.
- Eight angled holes at Main are designed to expand the resource while generating metallurgical test material for mine planning and permitting.
- Two vertical holes near Main will be completed as groundwater monitor wells with piezometers, delivering baseline hydrologic data ahead of a future permit application.
- All core will be logged and stored in Tonopah, Nevada, with sample splits shipped to ALS Global in Reno for assay under the company's chain-of-custody protocols.
One Program, Four Objectives
On July 28, 2026, Star Gold Corp. announced it has finalized the design of its summer 2026 drill campaign at the Longstreet Gold-Silver Project in Nye County, Nevada, and that earthwork to establish drill site access is already underway. Lindsay Gorrill, President and CEO of Star Gold, said in the release: "Every hole in this campaign is asked to answer more than one question, and the water and monitor wells give us hydrologic data that a permit application will eventually demand."
Exploration, metallurgy, hydrology, and permitting will all be completed within an 11-hole HQ core program to avoid the constraints of mobilization cost and permitting timelines for four separate projects.
The seven planned holes break down as follows:
- A vertical exploration water production well collared at the bottom of the canyon below the Main resource — the first water production well drilled at Longstreet.
- Eight angled holes at -45 degrees focused on resource definition and expansion within and adjacent to Main.
- Two vertical holes near Main to be completed as groundwater monitor wells with piezometers, one drilled to a total depth of 800 feet, which will be the company's first test of the Opal Ridge target at depth, immediately south of Main.
- Every hole in the program will recover HQ diameter core, including those drilled primarily for water.
HQ core yields more representative assay data than smaller-diameter core or reverse-circulation cuttings. The hydrologic holes are also expected to return new geologic and structural information. Recovered material will be logged, cut, and stored in secure facilities in Tonopah, Nevada, with a quarter of each sampled shipped to ALS Global in Reno for testing under the company's chain-of-custody protocols.
According to the announcement, the company believes that getting hydrologic and metallurgical data done now, inside its existing permitted footprint, is how a company of its size can advance a project without waiting on the next round of approvals.
Hydrologic characterization is required for mine permitting in Nevada, and the two monitor wells with piezometers are intended to give the Star Gold baseline groundwater data before applying for a permit. The water production well also tests whether the district can support an operating mine.
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 Rises as Iran Tensions Ease
Junior miners and exploration companies hit the ground running this year after gold rallied at a high of US$5,500 per ounce in January. Many companies chose to begin exploration or production amid these highs. While prices have since fallen, and even dipped below US$4,000 in June, rates are still up 24% compared to July 2025, and Gold.org wrote that: "[T]he stage is set for a possible breakout. On the upside, clear catalysts — a worsening economy or renewed geopolitical shock, a shift towards lower interest-rate expectations, or a wave of dip buying — could reignite gold’s momentum and lift it back towards US$4,500/oz or above."
Gold prices have risen slightly on July 27, 2026, after tension between the U.S. and Iran cooled over the weekend. According to Trading Economics, "Gold rose 1% toward US$4,100 an ounce on Monday as easing tensions between the US and Iran sent oil prices sharply lower, easing inflation concerns and reducing fears that the Federal Reserve may need to tighten monetary policy more aggressively ahead of its meeting later this week."
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."
Silver is recovering from a recent low after "markets reduced bets on Federal Reserve rate hikes after disappointing U.S. jobs data." Despite projections of 110,000 new jobs being added to the market in June, actual numbers came in only around 57,000 — the lowest in four months. Silver also rallied support from rising oil shipments through the Strait of Hormuz and progress in indirect U.S.-Iran talks, which lowered oil prices and eased fears of inflation.
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.
Two Analysts Flag Long-Neglected Stock
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."
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."
Streetwise Ownership Overview*
Star Gold Corp. (SRGZ:OTCQB)
| Strike Price | Number | Expiry Date |
|---|---|---|
| $0.08 | 45,973,125 | 02/25/27 |
| Date | Old Symbol | Old Shares | New Symbol | New Shares |
|---|---|---|---|---|
| 03/01/12 | SRGZD:OTCQB | 1 | SRGZ:OTCQB | 1 |
| 02/02/12 | SRGZ:OTCQB | 6 | SRGZD:OTCQB | 1 |
| 09/25/09 | SRGO:OTCQB | 1 | SRGZ:OTCQB | 2 |
| 08/20/08 | SRGOE:OTCQB | 1 | SRGO:OTCQB | 1 |
| 08/04/08 | SRGO:OTCQB | 1 | SRGOE:OTCQB | 1 |
| 06/25/08 | EDVL:OTCQB | 1 | SRGO:OTCQB | 1 |
| 03/05/08 | ELNV:OTCQB | 1 | EDVL:OTCQB | 3 |
Production Permit Expected Late 2027
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. Assays will be reported as results come in.
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.
Frequently Asked Questions
Q: What is HQ core drilling?
A: HQ core drilling is a diamond drilling method that produces a relatively large rock core for analysis. The larger core provides more representative geological information and can improve the accuracy of assay results and metallurgical testing.
Q: What is resource definition drilling?
A: Resource definition drilling is conducted to better define the size, shape, and grade of a known mineral deposit. The results help companies update mineral resource estimates and support future mine planning.
Q: What is metallurgical testing?
A: Metallurgical testing evaluates how ore can be processed to recover valuable metals such as gold and silver. The results help determine the most efficient and economical methods for extracting minerals from the rock.
Q: Why are groundwater monitoring wells important for mining?
A: Groundwater monitoring wells collect information about groundwater levels and water quality before mining begins. This data is often required for environmental studies and mine permitting to help ensure a project meets regulatory requirements.
Q: What is a piezometer?
A: A piezometer is an instrument installed in a borehole or monitoring well to measure groundwater pressure and water levels underground. Mining companies use this information to support environmental studies and mine design.
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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.
- 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.
