Star Gold Corp. (SRGZ:OTCQB) is putting its long-held Longstreet Gold Project in Nevada into play, given the recent rise in gold prices. At Streetwise Reports, we had the opportunity to catch up with Star Gold CEO Lindsay Gorrill for an in-depth chat on the company and its trajectory on April 8, 2026.

Gorrill has built and sold five mines in the past, all in Canada, the U.S., or India, and he acquired the Longstreet project between 2011 and 2013 after a worldwide economic downturn. Now that gold prices are hovering between US$4,000 and US$5,000, Star Gold is ready to put the mine into production. Gorrill said that Star Gold is known as “. . . a small gold mine exploration company, which we’re actually not — we’re actually a development company ready to go to production,” given the resources and investments the company has already made in the property.

Star Gold was comfortable pouring resources into this area because it is located very close to the Kinross Nevada project, and its management team believes Longstreet is very similar in geology to what Kinross Gold Corp. (K:TSX;  KGC:NYSE) has been mining.

The company has done all the archeological, flora, and fauna studies, which show that there is nothing there to impede a permit. In another major step, Star Gold has acquired private water rights. Star Gold has had verified gold and silver results in its Main Zone, which makes up only 2% of its current resource package. Gorrill and his team have drilled other areas, finding significant gold resources at 8 sites, with more to go. Overall, the resource is a lot bigger than expected while still being mostly untested. In our interview, he referred to future potential drilling sites, saying, “Wow, just the tip of the iceberg, right?”

A modeling video of the Main Zone and Longstreet Project can be found here.

Gorrill said, “If you believe gold is going to stay at or above US$2,000 and silver is going to stay at or above US$25, this is the investment of a lifetime.”

The takeaway? Star Gold is confident that the mineralization is proven and accessible in a profitable manner. Gorrill said, “Let’s go get it.”

The Gold Sector is Stabilizing

Gold is still up way higher than Gorrill’s price target market despite recent losses. According to Factset on April 8, 2026, “Copper led the base metals to the upside as economic growth implications from the US/Iran ceasefire were assessed by the market. Silver and gold remained higher, though pared gains through the remainder of the session as investors also digested the March FOMC meeting minutes, noting many participants pointed to risks from inflation remaining higher for longer.”

June futures for gold opened at US$4,744.80 per troy ounce on April 9, which is 0.7% lower than April 8, but  Catherine Brock of Yahoo Finance called them “. . . steady amid conflicting reports on the Strait of Hormuz,” in an April 9, 2026, article. President Donald Trumphas demanded a complete opening of the waterway, but an Iranian news agency has reported the strait will remain closed due to ongoing attacks from Israel. This continued conflict has raised concern about continued higher oil prices, which means higher interest rates and inflation. Brock wrote, “Higher interest rates tend to suppress gold demand and pricing.”

While the Federal Reserve doesn’t expect rampant price increases, inflation is on track to rise slightly above the original 2% target index. In an article for Kitco on April 9, Jim Wyckoff wrote, “This morning’s personal income and outlays report is likely to show the key PCE price index rising by 0.4% month over month in February 2026, slightly above January’s 0.3% increase. The core PCE index, which excludes food and energy, is also projected to grow by 0.4%, matching the previous month’s pace. On a year-over-year basis, headline PCE inflation is likely to remain steady at 2.8%, while the core rate is expected to ease slightly to 3% from 3.1%.”

Experts expect the price of gold to remain relatively steady despite recent instability.

Previously Quiet Stock Gaining Momentum

¹In a March 6, 2026, contributed technical analyst opinion piece for Streetwise Reports, John Newell of John Newell & Associates weighed in on Star Gold’s stock. He said, “The chart for Star Gold is beginning to show the kind of structure technicians often watch for after a long period of neglect. Following years of quiet trading during the junior mining bear market, the shares appear to have built a broad accumulation base. These long bases are important because they represent a gradual transfer of stock from discouraged holders into stronger hands willing to wait for the next cycle.”

Newell argued that the stock has been largely ignored but has historically attracted strong buying interest during rallies, saying, “If the shares can establish a sustained move above the US$0.18 level, the chart begins to suggest a potential advance toward the US$0.40 area, which represents the next logical technical objective based on the stock’s historical trading structure.”

Exploration on the Horizon

In Q2 2026, Star Gold will be receiving approvals from FS and BLM for the Longstreet Project, finishing up water wells for the mining site, designing the leach pad site, and beginning additional drilling on the Main resource site.

The final permit to begin production is expected in Q3 or Q4 of 2027. 

Ownership & Share Information²

Star Gold Corp. has a market cap of CA$25.69 million, with 191.7 million shares outstanding. The company’s 52-week range is CA$0.007-CA$0.20.

Insiders and Management own 20.94% of shares, while Strategic Investors own 27.03%. The remaining 52.03% of shares are Retail.