Jan 09

Star Gold Corp Completes Phase 1 Exploration Drilling at Longstreet Project, Nevada


Star Gold Corp. (“Star Gold” or the “Company”) (OTC Markets: SRGZ)
is pleased to announce the completion of Phase 1 drilling at its
Longstreet property located 25 miles southeast of the Round Mountain
mine in south-central Nevada. A total of 16 infill and expansion holes
were drilled at Main, where the Company is attempting to enlarge the
current resource. Star Gold drilled these holes at 45 degree angles for
greater penetration of high angle veins when compared to the vertical
holes completed in the 1980’s. A total of 5,270 feet of angled Reverse
Circulation (RC) drilling was completed just before Christmas.

Drill cuttings samples were collected on five foot sections and securely
transported to ALS Chemex in Reno, Nevada for analysis. Blanks,
standards and repeat samples have been added to each drill-hole sample
set to insure quality control. Testing results are expected by the end
of January, 2012. The Company plans to have a new resource determined by
an independent consultant once all testing results are in and drilling
cross sections completed.

In the 1980’s Naneco Resources Ltd. and its joint venture partners
drilled numerous vertical RC holes at Main and in 1985, announced an
oxidized drill inferred resource of 850,000 tons averaging 0.079 oz/ton
(2.7 g/t) gold and 1.1 oz/ton (38 g/t) silver along with an additional
low grade reserve of 1.5 million tons averaging 0.021 oz/ton (0.72 g/t)
Au and 0.4 oz/ton (14 g/t) Ag. This resource has not been verified by
Star Gold and is only of historic interest. Naneco conducted significant
metallurgy including bulk sampling and column leach testing. In 1988 a
pre-feasibility study was conducted by Mine Development Associates of
Reno who determined the project was economical at gold prices of $350
per ounce. Unfortunately, the price of gold, which was near $450 per
ounce when the study was done continued to decline for the next several
years and Naneco was unable to raise sufficient capital to initiate
production and abandoned the property in the 1990’s. Star Gold plans to
complete drilling at Main and several other targets at Longstreet and
then complete an updated economic evaluation.

The target at Longstreet is a Round Mountain style open pit heap leach
gold/silver deposit. Additional drilling at Main and at the North Target
is scheduled for the spring/summer of 2012. Mapping and geochemical
sampling at North indicates a target very similar to Main which the
Company has not yet drill tested. A map showing the various targets at
Longstreet can be found on the Company’s website www.stargoldcorp.com.

Investor Contact

Mr. Kelly Boatright; The Windward Agency 1115 Colville Road Charlotte,
North Carolina 28207 Toll Free: 866-583-6300


Kelly Stopher, CFO Star Gold Corp. 1-208-664-5066. Send your requests to info@stargoldcorp.com

About Star Gold Corp.

Star Gold Corp. is a gold exploration company with the purpose of
acquiring, evaluating and developing gold projects of merit with a focus
on the United States, Canada and Mexico. At present, Star Gold is
focused on the exploration and development of its Excalibur Project and
Longstreet Project, in Nevada, USA. For more information please visit www.stargoldcorp.com.


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.”

Jan 08

Why Sell Your Gold

Who could have foreseen the sad state of our economy today. Not that long ago most people had the spare cash to splurge on most anything they wanted within reason. Now there are many more people that are barely making it week to week. Right now could be the perfect time to sell your gold.

There are many reasons people sell gold. Everyone is always looking to make quick cash one way or another to pay bills or put cash in your pocket. If you lose your job or some other unforeseen event occurs, selling your gold could be the way to do just that.

Gold is gold no matter what the situation. It has its own inherent value which is regulated by market forces and is set twice daily so you can know exactly what your gold is worth. Your gold can be from anything – old cuff links, antique jewelry, class rings, dental gold, or even gold navel rings.

Gold is also infinitely recyclable so the demand for old gold jewelry and gold coins is always high. Gold has been recycled since forever and there’s no foreseeable end to it. The great thing is that once aurum (gold) comes out of the ground it never goes back in. It just keeps getting used over and over.

The price of gold is currently at an all time high, trading at over $1800 an once. The weak dollar has a boosted the value of this precious metal and makes it cheaper for holders of other currencies. Analysts project that gold prices will be lifted by expectations of further cuts in US interest rates, high oil prices, and by speculative trading.

People keep gold for many different reasons. Some wish to protect assets so others can’t access them. Some people invest in gold so they have something tangible for the upcoming inevitable inflation that will be introduced with all the new government spending and programs. These people want to have real assets as part of their investment portfolio. Others just have old gold jewelry and coins that they keep around for sentimental reasons. What ever your reason you should consider selling gold right now.

Selling your gold, whatever type it is, can really help you through this tough time. There are of course other ways to make money but not very many are as easy or safe as selling gold.

Jan 08

Selling Your Gold Jewelery

Selling gold: How much that old ring is worth now

By Jessica Dickler July 20, 2011: 5:50 PM ET

Original article on CNNmoney.com (http://money.cnn.com/2011/07/19/pf/selling_gold/index.htm)

With the price of gold near record highs, consumers are cashing in by selling old jewelry.With the price of gold as high as it’s ever been, more people are cashing in.
NEW YORK (CNNMoney) — Yvette Shirey left a jewelry store near her home in Columbia, Md. Wednesday afternoon $1,000 richer.

After seeing gold prices soar earlier in the week, Shirey decided to sell a “muffin-sized” mound of old gold jewelry, including a necklace, some earrings and a bracelet she inherited from her mother.

Shirey admits she hesitated about certain pieces — particularly when it came to a gold etched bracelet her mother bought in Indonesia — but ultimately she was happy with her decision to sell. “Being unemployed and a single mom, I’m looking for any resources I can find to cover daily expenses,” she said.

For many cash-strapped Americans, old gold jewelry has become a valuable resource. The price of gold — considered a safe haven investment in tough economic times — hit a record high this week as concerns grew over whether U.S. lawmakers could reach a deal over the U.S. debt ceiling by August 2.

Gold prices have since slipped on news of a new debt-reduction plan — the commodity now hovers just below $1,600 an ounce — and some consumers are ready to cash in before prices fall further.

“With each new market high, we see a fresh new group of consumers,” noted Steven Hansen, president of scrap gold dealer Goldfellow.com. Traffic to his web site doubled in the last week, while foot traffic at the company’s 45 locations is also up substantially, he said.

“Individuals will send in two to four pieces of jewelry and will get $1,500 to $2,000 — that can cover a mortgage payment or a tuition payment to a private school,” added Todd Hills, the CEO of a Pawngo, an online pawn shop. Hills says inquiries to his site have doubled since the start of the year.

Two weeks ago, Lisa Flowers Latorre sold her gold promise ring, along with a Ziploc bag of other forgotten jewelry, for $1,100.

The ring — a gift when she was 14 — didn’t mean anything to her. But the cash did. As a single mom who also cares for her elderly mother, Latorre has been scraping by. “I depleted my emergency fund, so that was a big boost,” she said. “I was able to catch my breath.”

But as the price of gold rises, so do the odds of getting ripped off. In 2010, there were 574 complaints against gold, silver and platinum dealers, according to the Better Business Bureau. In 2011 there have been 416 complaints so far. We’re already “on the way to double the number of complaints from last year,” said Kelsey Owen, a spokeswoman for the nonprofit organization.

“It’s a low barrier of entry business,” Hansen explained. “There are a lot of fair buyers in the industry but there are quite a few paying less than what’s appropriate.”

Getting a fair price

Whether you are sending your gold to online buyers, attending gold parties at a neighbor’s home or stopping into jewelry stores that advertise “we buy gold,” there are a slew of options available to those eager to sell. Just keep in mind that the prices your jewelry can fetch vary widely.

As a rule, the weight and karat of the gold determines its value. Ten-karat gold means that it has 42% gold content and 58% other metals. Fourteen-karat gold is actually 58% pure gold and about 75% of the content of 18-karat jewelry is gold.

Therefore, a piece of 14-karat gold jewelry that weighed about an ounce would be worth $928, or 58% of $1,600 — the current market value. From there, a seller could expect an offer of around 60%-80% of that price, or $550 to $750.

At some dealers, however, those valuations get fuzzy, and that’s where consumers need to be cautious.

“They should be able to tell you what you are getting per ounce or per gram,” advised Janece White, a vice president at Chubb Personal Insurance. “Then I’d say ‘thank you,’ take it back and go somewhere else to make sure you are getting the best price.”

In addition to shopping around, White says sellers should opt for a reputable neighborhood jewelry store over a company that advertises late at night on cable.

Consumers can check the Better Business Bureau’s site for consumer complaints against a company. For example, Goldfellow currently has zero complaints, while another online gold buyer, Cash4gold.com, has 352 complaints registered against it. (Cash4gold was not immediately available for comment.)

The BBB also offers these tips on its site for those ready to cash in:

Know the weight. If you measure your jewelry yourself, keep in mind that jewelers use a different measurement standard called a Troy ounce. A common U.S. scale will measure 28 grams per ounce, while gold is measured at 31.1 grams per Troy ounce. To add to the confusion, some dealers will also use a system of weights called pennyweight to measure a Troy ounce while others will use grams. A pennyweight is the equivalent of 1.555 grams, so consumers should also be aware of how their jewelry is being measured to determine if the price is fair.

Know the karat. The Federal Trade Commission requires that all jewelry sold in the U.S. describe a karat fineness. Fourteen karats means jewelry is 14 parts gold and 10 parts other metals, or about 58% gold. Most jewelry ranges between 10 and 18 karats and jewelry of different karats should be weighed separately. Sometimes dealers will weigh all the jewelry together and give you the lowest karat value – another pitfall to avoid.

Know the current price of gold. Always check the fair market value first to be sure you are getting a good deal.  To top of page

Jan 05

Gold & Silver Market Morning, January 05, 2012

Best Regards