COEUR D'ALENE, Idaho, Aug. 24, 2017 /PRNewswire/ -- Star Gold Corp. ("Star Gold" or the "Company") (OTC Markets: SRGZ) announced today that it has entered into the second of two separate agreements securing water allocation rights for its Longstreet Project in Nevada. Each agreement provides for an option to lease water rights for mining purposes.
Commenting on securing of the necessary water rights, Star Gold President David Segelov stated "With the execution of these two water rights agreements, Star Gold is able to tick off another requirement on the pathway to an approved Plan of Operations and Environmental Impact Statement (EIS) for its proposed mine at Longstreet. The agreements provide for some redundancy as they supply an amount of water somewhat larger than is, at this point, anticipated to be needed for the proposed mine plan. Importantly, Star Gold will not be reliant on an allocation from the State of Nevada and Star Gold expects that this development will speed the process of approval of the Plan of Operations and toward the issuance of an EIS in the coming months."
About Star Gold Corp.
Star Gold is a gold exploration/development company with 125 unpatented claims located within the Walker Lane belt. The Company is currently focused on developing its flagship property, the Longstreet Property. The Longstreet Property is located in Nye County, Nevada.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Star Gold Corp (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings.