Star Gold Corp. Announces Positive Preliminary Economic Assessment for the Longstreet Gold-Silver Project in Nevada
Original announcement by prnewswire on
- Company
- Star Gold Corp.
- Ticker
- SRGZ
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Metallurgy, Resource update
- Extracted
- 2026-09-22 13:05:31 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Star Gold Corp. has announced a positive Preliminary Economic Assessment (PEA) for the Longstreet Gold-Silver Project in Nevada. The PEA evaluates a conventional open-pit, crushed heap-leach operation with a pre-tax NPV of $87 million and a 48% IRR based on $3,600/oz gold.
Reasoning: The PEA demonstrates robust economics for a heap-leach operation with high IRR and rapid payback, though it relies on inferred resources.
Positive factors
- Strong economic metrics with 48% pre-tax IRR
- Low strip ratio of 0.8:1
- Rapid payback period of 1.7 years
- Significant upside potential from undrilled targets
Negative factors
- PEA includes inferred resources which are speculative
- Low silver recovery (13%)
Facts used in scoring: 3
Classification and evidence
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The announcement presents a Preliminary Economic Assessment (PEA) for the project.
Evidence · text
“announced the results of a Preliminary Economic Assessment ("PEA")”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The PEA includes inferred mineral resources which are considered speculative.
Evidence · text
“It includes inferred mineral resources that are considered too speculative geologically”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Qualified Persons are named and have reviewed the technical information.
Evidence · text
“reviewed and approved by the relevant Qualified Persons”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap-leach")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (1)
inferredLongstreet Gold-Silver Project · goldTonnes: 6550000Contained Metal: 105461Contained Unit: ozView all detailsHide details
Identity
- Project
- Longstreet Gold-Silver Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SRGZ
Resource scope
- Estimate type
- resource
- Reporting standards
- sec_sk1300
- QP Signed
- Yes
- Qualified person names
- Travis Manning, James W. Ashton, Richard Kern, Reinis N. Sipols
- Resource group id
- resource:cc4b9e4e49743a60f493
- Deposit or zone
- Longstreet
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 6550000
- Contained Metal
- 105461
- Contained Unit
- oz
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The PEA mine plan uses a subset of the larger resource to demonstrate economic viability.
Positive factors
- Establishes economic baseline for the project
Negative factors
- Includes inferred resources which are speculative
Evidence · text
“The PEA mine plan designed pit processes approximately 6.55 million tons of ore containing 105,461 ounces of gold.”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Metallurgical Results (2)
Fact 1Longstreet Gold-Silver Project · goldRecovery: 84 %View all detailsHide details
Identity
- Project
- Longstreet Gold-Silver Project
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SRGZ
Test Work
- Processing Route
- crushed heap-leach
- Sample
- metallurgical testing at McClelland Laboratories
Recovery
- Recovery
- 84 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: The 84% gold recovery is an improvement over the 80% reported in the prior detailed metallurgical testing.
Positive factors
- Recovery of 84% is solid for a heap-leach route
Negative factors
- Lower than previous detailed testwork of 80%? No, 84% is an improvement over the 80% in RAG.
Evidence · table
“84”
Context: Gold recovery
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 84% is at or above the exceptional band (75%)
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
Fact 2Longstreet Gold-Silver Project · silverRecovery: 13 %View all detailsHide details
Identity
- Project
- Longstreet Gold-Silver Project
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SRGZ
Test Work
- Processing Route
- crushed heap-leach
- Sample
- metallurgical testing at McClelland Laboratories
Recovery
- Recovery
- 13 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-22T00:00:00.000Z
Reasoning: 13% silver recovery is quite low, limiting the silver byproduct contribution.
Negative factors
- Very low silver recovery
Evidence · table
“13”
Context: Silver recovery
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 13% is below the weak band (75%)
Byproduct Commodityneutral
The tested commodity is a byproduct rather than the primary economic driver.
Why it applies: the release describes a byproduct credit
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.