Star Gold Corp. Secures Long-Term Water Rights for Longstreet Gold Project in Nevada
Star Gold Corp. (SRGZ) has successfully secured a long-term lease for 2,471 acre feet of water rights to support its flagship Longstreet Gold Project located in Nevada's Walker Lane Belt. This acquisition is a critical milestone that de-risks the project by providing more than triple the company's contingency-adjusted annual requirement of approximately 720 acre feet. The secured water supply allows the company to move forward with detailed design engineering and permitting without the uncertainty of water availability. By establishing a firm water supply, Star Gold can finalize technical decisions regarding heap leaching operations, pad sizing, and pond capacity, while also providing significant headroom for future resource expansion and increased throughput.
Tickers: $SRGZ
Topics: mining operations Nevada resource development water rights