# Star Gold Corp. Announces Positive Preliminary Economic Assessment for the Longstreet Gold-Silver Project in Nevada Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longst--e8a9295f-a6ae-4a34-93cf-90481589eed5 Original source: https://orestocks.com/company/SRGZ/press-releases/8088307020162975 Publisher: orestocks Original announcement: 2026-09-22T13:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-22T13:18:39.650Z Atlas analysis updated: 2026-09-22T13:18:39.650Z - 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 13:18:40 UTC Narrative sentiment: 0.70 · Bullish ## Minestarters Atlas summary Star Gold Corp. has announced a positive Preliminary Economic Assessment \(PEA\) for its Longstreet Gold-Silver Project in Nevada. The PEA reports a pre-tax NPV of $87 million and an IRR of 48% based on a heap-leach open-pit operation. Reasoning: The announcement of a positive PEA with strong IRR and NPV for a gold-silver project provides significant economic visibility, though it remains at a preliminary stage. - Positive factor: Strong economic metrics \(48% IRR, $87M NPV\) - Positive factor: Low strip ratio \(0.8:1\) - Positive factor: Rapid payback period \(1.7 years\) - Positive factor: Significant district-scale upside mentioned - Negative factor: Low silver recovery \(13%\) - Negative factor: PEA is preliminary and includes inferred resources Facts used in scoring: 4 ## Classification and evidence **PEA-Supporting** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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 **Heap Leach Route** Polarity: neutral Definition: 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 Only** Polarity: negative Definition: Testing limited to one composite or domain — representativeness not established. Why it applies: only one composite was tested ## Extracted facts Stored fact records: 4. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longst--e8a9295f-a6ae-4a34-93cf-90481589eed5#fact-resource-facts-2) Longstreet Gold-Silver Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Longstreet Gold-Silver Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: SRGZ #### Resource scope - Estimate type: resource - Resource group id: resource:8ce877f8b81038577002 #### Resource Data - Category: inferred - Tonnes: 11100000 - Contained Metal: 132414 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The gold resource is stated as part of a December 2025 report and is primarily inferred. - Positive factor: Large resource scale - Negative factor: Inferred category Evidence · text > 11.1 million tons containing 132,414 oz gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longst--e8a9295f-a6ae-4a34-93cf-90481589eed5#fact-resource-facts-3) Longstreet Gold-Silver Project · silver Historical result Needs review: historical\_restatement #### Identity - Project: Longstreet Gold-Silver Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: SRGZ #### Resource scope - Estimate type: resource - Resource group id: resource:8ce877f8b81038577002 #### Resource Data - Category: inferred - Tonnes: 11100000 - Contained Metal: 4840000 - Contained Unit: oz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2025-12-31T00:00:00.000Z #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: The silver resource is stated as part of a December 2025 report and is primarily inferred. - Positive factor: Large silver resource - Negative factor: Inferred category Evidence · text > 4.84 million oz silver resources #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No QP/CP Disclosure** Polarity: negative Definition: 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 Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: the release compares against a previous estimate **PEA-Supporting** Polarity: neutral Definition: 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) ### heap leach [Link to this fact](https://atlas-staging.minestarters.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longst--e8a9295f-a6ae-4a34-93cf-90481589eed5#fact-metallurgical-facts-0) Longstreet Gold-Silver Project · gold #### Identity - Project: Longstreet Gold-Silver Project - Commodity: gold - Region: usa\_nv - Reported Region: Nevada - Ticker: SRGZ #### Test Work - Program Status: scoping - Test Type: heap leach - Processing Route: crushed heap-leach - Sample: Longstreet Project heap-leach operation #### Recovery - Recovery: 84 % - Recovery Basis: unspecified #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: 84% gold recovery is within the strong band for a heap leach process. - Positive factor: 84% recovery is solid for a heap leach route Evidence · text > Gold recovery: 84 % #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal **High Recovery** Polarity: positive Definition: 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 Commodity** Polarity: neutral Definition: The tested commodity is a byproduct rather than the primary economic driver. Why it applies: the release describes a byproduct credit ### heap leach [Link to this fact](https://atlas-staging.minestarters.com/news/star-gold-corp-announces-positive-preliminary-economic-assessment-for-the-longst--e8a9295f-a6ae-4a34-93cf-90481589eed5#fact-metallurgical-facts-1) Longstreet Gold-Silver Project · silver #### Identity - Project: Longstreet Gold-Silver Project - Commodity: silver - Region: usa\_nv - Reported Region: Nevada - Ticker: SRGZ #### Test Work - Program Status: scoping - Test Type: heap leach - Processing Route: crushed heap-leach - Sample: Longstreet Project heap-leach operation #### Recovery - Recovery: 13 % - Recovery Basis: unspecified #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-09-22T00:00:00.000Z Reasoning: 13% silver recovery is significantly below expected levels for a silver-bearing heap leach operation. - Negative factor: Very low silver recovery Evidence · text > Silver recovery: 13 % #### Tags used in scoring **Heap Leach Route** Polarity: neutral Definition: Processing via heap leach — lower CAPEX and OPEX, lower recovery expected. Why it applies: processing\_route matches the heap\_leach signal **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 13% is below the weak band \(75%\) **Byproduct Commodity** Polarity: neutral Definition: 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.