Star Gold Corp. (SRGZ:OTCQB) announced on May 4, 2026, the receipt of a U.S. forest service permit to begin road restoration work at its Longstreet gold-silver project. The permit is for approximately 2.56 miles of Forest Service Trail 24208, a critical access corridor to the company’s property in Nye County of Nevada’s Walker Lane mineral belt. The Austin-Tonopah Ranger District of the Humboldt-Toiyabe National Forest issued the permit, which authorizes the use of heavy equipment within the existing road prism to restore access to the Level 2 operational/objectives standards. 

CEO of Star Gold, Lindsay Gorrill, said in the release, “Receiving this Forest Service permit is a meaningful and tangible step forward for the Longstreet Project. Restoring reliable road access is the foundational first step to everything that follows, getting equipment in, advancing our on-site technical work, and executing on our path to production. With gold prices where they are today, every day of progress at Longstreet matters, and we’re focused on disciplined, efficient execution.”

Authorized work includes: 

• Roadbed repair and grading along approximately 2.56 miles of FS Trail 24208
• Repair and maintenance of five drainage crossings and side-ephemeral drainage channel road crossings
• Rock fill and stabilization of ditches using 2″–6″ angular rock for minor ditches and rock up to 2′ for larger trenching
• Road base placement over the repaired roadbed surface
• Installation of rolling dips and/or turnouts for water management in accordance with approved design specifications
• Maintenance of existing drainage features along the corridor

This access is the required prerequisite for the company’s continued on-site technical work for the Longstreet Project, and work is expected to commence in May 2026.

Star Gold Corp. is a U.S.-based gold and silver exploration company developing assets along the proven Walker Lane Belt in Nevada. 

Gold Sector Lower Today but Looking Strong Long-Term

On May 4, 2026, Ben Pirie and Nicholas Cortellucci, CFA, for Atrium Research, weighed in on the current metals market, arguing that the market is slightly down due to the ongoing conflict between the U.S. and Iran. They wrote, ” The war-driven surge in energy and higher inflation levels have reset rate-cut expectations, which is technically a headwind for gold, yet the metal held its ground. With that said, we remain in a fundamentally new price environment for precious metals versus this time last year, a reality that came into clear focus with Q1 earnings reported this month.”

They went on: “Gold was down 1.2%, silver was down 1.9%, and copper extended gains, rising 6.7%. Gold and silver mining equities fell alongside the underlying metals, with GDX
down 3.8%, GDXJ down 3.1%, SILJ down 1.7%, while the COPX was up 4.2%. The TSX gained 3.7% on the month, while the S&P 500 was up 10.7%, as miners underperformed the broader indexes.”

There is some evidence that the U.S. dollar is holding strong, even among slight dips. On May 3, CNBC reported that Han Tan, Chief Market Analyst at Bybit, said, “The dollar edged higher against peers, ⁠making dollar-priced bullion more expensive for other currency-holders. Gold is likely to remain sensitive to the ‌ever-fluid geopolitical landscape, which in turn frames the global inflation outlook.” The article goes on to assert that gold is still expected to be higher by the end of 2026 than by the end of 2025, which was already at an all-time high.

In a price comparison, Yahoo Finance listed the recent prices of gold as follows: -1.4% one week ago, -2.5% one month ago, and +43.4% from one year ago, showing a strong upward trend.

Star Gold Gets a ‘Strong Speculative Buy’ Rating

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.”

²In a separate contributed technical analyst opinion, Stewart Thomson gave his opinion of the company to Streetwise Reports on April 23, 2026. Thomson gave the stock a ‘Strong Speculative Buy’ rating and said that it “. . . volume has been this high before, but not consistently, as it is now.” Thomson went on to give Star Gold a short-term price target of US$0.20 and a long-term price target of US$5.40, noting that “given the consistent outperformance of Star Gold during CDNX rallies, high long-term price targets for the stock are reasonable considerations.”

Upcoming Plans

Star Gold expects the path to production will be quick, having already secured private water rights for Longstreet.

All environmental impact studies have been completed, and the company has submitted its plan of operations.

Ownership & Share Structure³

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.