Star Gold Corp. has released an economic assessment for its Longstreet Gold-Silver Project in Nye County, Nevada, projecting substantial pre-tax and after-tax returns under base-case metal prices of $3,600 per ounce for gold and $48 per ounce for silver. The assessment, prepared by Kappes, Cassiday & Associates under S-K 1300 standards, outlines a conventional open-pit, crushed heap-leach operation with initial capital requirements of $70 million. Under these assumptions, the project yields a pre-tax net present value (NPV) of $87 million at a 5% discount rate and a pre-tax internal rate of return (IRR) of 48%, while after-tax metrics stand at $67 million NPV and a 40% IRR. A higher metal-price scenario—$4,000 for gold and $60 for silver—boosts pre-tax NPV to $122 million and IRR to 63%.
The project is expected to produce 88,587 ounces of gold and 354,701 ounces of silver over its life-of-mine, with an average annual gold output of around 20,000 ounces. Total cash costs are projected at $1,617 per ounce, with all-in sustaining costs at $1,729 per ounce. The assessment covers approximately 6.55 million tons of ore containing 105,461 ounces of gold, though it includes inferred mineral resources that lack demonstrated economic viability and may not materialize.
The economic assessment aligns with Star Gold’s 2026 work program, which includes resource-expansion drilling, metallurgical core drilling, hydrologic well installation, and exploration at Opal Ridge. These efforts aim to refine resource estimates and support an environmental impact statement. The project remains subject to geotechnical, metallurgical, and regulatory uncertainties, as well as market volatility in gold and silver prices.
Published on September 22, 2026, the assessment underscores the project’s potential but highlights the need for continued exploration and validation to secure its economic viability.
