Star Gold Corp. ("Star Gold" or the "Company") (OTCBB: SRGZ) wishes to clarify a statement made in press release distributed on October 3, 2012 titled "Star Gold Corp. Announces Core Results from 2012 Drilling at Longstreet Project."
The October 3rd release contains a sentence which states "Core hole LS-1224 displayed the greatest value of gold over a five foot interval ever drilled by Star Gold at Main with a value of 0.62oz/t." This sentence should have read: "the greatest value of gold over a five foot interval ever drilled by core drilling by Star Gold at Main with a value of 0.62oz/t."
Other previously released holes at the Main Target which were drilled using reverse circulation rigs such as LS-1205 included one five foot zone with grade of 1.833oz/t. LS-1205 also has a wider interval of 10 feet from 205ft to 215ft at grade 0.966oz/t.
See Complete 2012 Drilling Table at:
About Star Gold Corp.
Star Gold is a gold exploration/development company formed in 2006 for the purpose of evaluating, acquiring and developing gold projects in United States with a focus on Nevada. Star Gold is currently focused on exploration and development of its Longstreet Property, The project is located 48 kilometers southeast of the Round Mountain Mine in Tonopah, Nevada. The Longstreet Property is a Round Mountain style volcanic-hosted gold deposit.
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."
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SOURCE: Star Gold Corp.