Nevada Gold-Silver Resource Update Brings $3.68 Million Private Placement & A Bullish Technical Set-Up
Contributed Technical Analyst Opinion

1. Star Gold Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. For this article, Star Gold Corp. has paid Street Smart, an affiliate of Streetwise Reports, US$3,500.
3. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Star Gold Corp. 
4. Author Certification and Compensation: Stewart Thomson was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Thomson is a retired Canadian financial advisor who has passed the Canadian Securities Course as well as additional technical analysis courses that were mandated by his former employer and approved by Ontario regulatory bodies. For the past 15 years, he has been editing and writing numerous financial newsletters that have a strong focus on charts.  The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
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Star Gold Corp. (SRGZ:OTCQB) is a U.S.-focused precious metals company developing scalable, high-margin gold and silver assets in the mining-friendly state of Nevada.

The company intends to use the net proceeds from its recent offering  (US$3.68 million) to fund mine development and exploration activities at its Longstreet gold-silver project.

Technical Report for Longstreet Gold-Silver Project

Recent Resource Highlights: 

• Total Resource: 11.1 million tons containing 213,082 ounces AuEq (132,414 oz Au + 4.84 million oz Ag)
• Indicated Resource: 8.7 million tons @ 0.0199 opt AuEq containing 172,944 ounces
• Inferred Resource: 2.4 million tons @ 0.0167 opt AuEq containing 40,138 ounces
• Favorable Strip Ratio: 1.73:1 – significantly enhancing project economics
• 100% Oxide Material – ideal for heap leach recovery with proven metallurgy

The report was independently produced by Paul Noland, a Certified Professional Geologist with Certification through the American Institute of Professional Geologists (#11293). The Report is compliant with SEC Regulation S-K 1300. Mr. Noland holds no interest in Star Gold.

Economic Pathway: 

The technical report recommends a US$1.74 million Phase II program, including:

• 10,000 feet of resource expansion/infill drilling (US$1.0M)
• Preliminary Economic Assessment (US$100K)
• Updated resource estimate (US$100K)
• Production water well and monitoring wells (US$240K)
• Initial mining permits and engineering (US$300K)

Executive Leadership Team Expansion

In February, Lindsay Gorrill, current Chairman and immediate past Chief Financial Officer, was appointed Chief Executive Officer, effective February 9, 2026. Mr. Gorrill brings more than 30 years of experience building mines and companies from discovery through full-scale production.

Shares Outstanding

• 119.7 million

Significant Shareholders

• Myrmikan Capital LLC:  26,976,707 shares
• Lindsay Edward Gorrill (CEO & Chairman): 30,856,913 shares

Key Charts: Technical Analyst Opinion

Star Gold has good synergy with the resource-heavy CDNX index… and solid outperformance when the index rallies.

The large inverse H&S pattern on this weekly CDNX chart begins in 2013. The minimum target of the CDNX is 2000.

Stochastics is oversold and looping up into a buy signal. This could be bullishly significant, given that the right shoulder of the pattern is late stage.

Also, given the consistent outperformance of Star Gold during CDNX rallies, high long-term price targets for the stock are reasonable considerations.

The long-term base pattern for Star Gold extends back to 2013, like the CDNX.

Volume has been this high before… but not consistently, as it is now.

Stock price at time of writing (April 23, 2026): Approx. US$0.13

Short-Term Technical Price Target: US$0.20

Long-Term Technical Price Target: US$5.40

Technical Rating: Strong Speculative Buy

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