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Star Gold Corp., Expands Executive Leadership Team
Prnewswire· 2026-02-10 15:00
Core Viewpoint - Star Gold Corp. has expanded its executive leadership team by appointing Lindsay Gorrill as Chief Executive Officer and Gerry Pascale as Chief Financial Officer, aiming to strengthen its strategic direction and operational execution as it advances its Longstreet mining project [1]. Group 1: Leadership Appointments - Lindsay Gorrill has been appointed as Chief Executive Officer effective February 9, 2026, transitioning from his role as Chairman and past Chief Financial Officer [1]. - Gerry Pascale has been appointed as Chief Financial Officer, bringing over 20 years of senior financial leadership experience [1]. Group 2: Executive Experience - Lindsay Gorrill has over 30 years of experience in the mining industry, known for building mines and companies from discovery to full-scale production [1]. - Gerry Pascale has extensive expertise in public company financial reporting, capital markets, SEC compliance, and governance, having previously served as CFO of Netfin Acquisition Corp. [1]. Group 3: Company Focus and Strategy - Star Gold Corp. is focused on developing scalable, high-margin gold and silver assets in Nevada, particularly advancing its flagship Longstreet Gold-Silver Project [1]. - The Longstreet Project spans approximately 2,600 acres, comprising 137 unpatented mining claims and 5 additional unpatented claims, with plans to support a potential Environmental Impact Statement (EIS) [1].
Star Gold and Romios Gold Announce Letter of Intent Regarding Top Tier Nevada Gold/Silver/Copper Projects - The Scossa Mine and Kinkaid Properties
Newsfile· 2025-02-28 20:36
Core Viewpoint - Star Gold Corp and Romios Gold Resources Inc. are entering into a share purchase agreement to acquire all shares of Romios' wholly owned affiliate, Romios Gold Nevada Inc., which includes the Scossa Mine Property and Kinkaid Property, aiming to enhance their portfolio and focus on near-term production in Nevada [1][2][6]. Transaction Details - The transaction involves a share roll-back of Star Gold on a 10-1 basis, resulting in approximately 13,589,069 shares outstanding [7]. - The closing of the Share Purchase Agreement is contingent upon a capital raise of at least USD 1.5 million and is subject to approval from the TSX Venture Exchange and the US SEC [7]. - The parties aim to finalize the Share Purchase Agreement by March 14, 2025, with a definitive deadline of March 31, 2025 [7]. Properties Overview - **Longstreet Property**: Comprises 125 mineral claims covering approximately 1,012 hectares in Nevada's Walker Lane, historically producing over 15 million ounces of gold. The main Au-Ag zone measures about 325 m long, 200 m wide, and 3 to 85 m thick [5]. - **Scossa Mine Property**: A historic property in NW Pershing County with 50 mining claims covering 541 hectares, known for high-grade gold production averaging over 1 oz/t Au. The mine operated from the 1930s to early 1940s [9]. - **Kinkaid Property**: Consists of 139 claims covering approximately 1,101 hectares, featuring high-grade Au-Cu+/-Ag vein deposits and several tungsten+/-gold skarn deposits. Notable assays include up to 16.55% Cu and 78.16 g/t Au [10]. Resource Estimates - The Scossa Mine has an in-pit indicated and inferred resource estimate of 101,100 ounces of gold and 2,459,000 ounces of silver, with a pre-tax IRR of 89% and an NPV of USD 53 million at a gold price of USD 1,500/oz and silver price of USD 18/oz [8]. Company Profiles - **Star Gold Corporation**: A leading mining company focused on high-quality mineral properties in Nevada, committed to sustainable practices and community engagement [14]. - **Romios Gold Resources Inc.**: A Canadian mineral exploration company engaged in precious and base-metal exploration, with interests in several significant properties including the Scossa and Kinkaid properties [15].