Star Gold Corp
(PublicWire.com Press Release) Star Gold Corp. (OTCBB: SRGZ) (the “Company”) is pleased to announce that a drill is on site and drilling has begun at its wholly owned Excalibur project in Mineral County, Nevada (“Excalibur” or the “Property”). The U.S. Bureau of Land Management has granted a permit to drill as many as five sites on the Property. These sites were chosen to test fault zones with clay and quartz alteration of hornblende rich diorite sills intruding a package of sedimentary rocks consisting of greywacke and chert. The fault zones have been excavated in the past by prospectors searching for gold and silver. Select rock samples collected from waste piles around the historic diggings during the Company’s 2009 exploration program returned values of less than 0.01 g/t to 33 g/t gold and less than 1 g/t to 431 g/t silver.
Proposed holes have been located to test the potential at depth of two distinct areas defined by above normal concentrations of gold and silver. The central target is an extension of the historic Moho Vein system. The Moho Vein had reported production of $75,000 at a 1910 gold price. The production is reported to have occurred between 1903 and 1910 (W. O. Vanderburg, 1937 U.S. Bureau of Mines Information Circular 6941 pp 40-42). The extension of the vein has had no apparent drilling and represents an untested target. Gold values collected from the vicinity of the drill holes assayed from 0.3 to 7.2 g/t.
A second target on the south end of the property exhibits secondary silicification binding broken chert fragments. Anomalous gold values ranging from 0.1 to 3.0 g/t gold have been obtained from surface outcrops of broken and silicified chert and historic pits dug on clay zones occurring along faults. The three remaining permitted holes will test a portion of the apparent area of historic workings and outcrops containing gold minerals.
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