Longstreet Project, Nye County, Nevada Revised Technical Review and - PDF document

Longstreet Project, Nye County, Nevada Revised Technical Review and Resource Estimate February 16, 2014 Prepared for Star Gold Corp. by Paul D. Noland CPG

View of Longstreet Spire and Northeast Main Target Areas from Main Resource 2

Table of Contents 1. SUMMARY .............................................................................................................................................. 6 2. INTRODUCTION .................................................................................................................................... 9 3. RELIANCE ON OTHER EXPERTS ....................................................................................................... 9 4. PROPERTY DESCRIPTION AND LOCATION .................................................................................. 10 5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ...................................................................................................................................... 14 6. HISTORY ............................................................................................................................................... 14 7. GEOLOGICAL SETTING AND MINERALIZATION ........................................................................ 16 8. DEPOSIT TYPES ................................................................................................................................... 28 9. EXPLORATION ..................................................................................................................................... 31 10. DRILLING ............................................................................................................................................ 45 11. SAMPLE PREPARATION, ANALYSES AND SECURITY ............................................................. 55 12. DATA VERIFICATION....................................................................................................................... 56 13. MINERAL PROCESSING AND METALLURGICAL TESTING ..................................................... 57 14. MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES ................................................ 58 15. ADJACENT PROPERTIES ................................................................................................................. 80 16. OTHER RELEVANT DATA AND INFORMATION ......................................................................... 80 17. INTERPRETATION AND CONCLUSIONS ...................................................................................... 80 18. RECOMMENDATIONS ...................................................................................................................... 81 19. REFERENCES ..................................................................................................................................... 78 20. DATE AND SIGNATURE PAGE ....................................................................................................... 85 LIST OF TABLES Table 1. Longstreet Resource Summary........................................................................................................8 Table 2. Summary of Star Gold-MinQuest Option Agreement...................................................................13 Table 3. Historic Drill Summary ................................................................................................................15 3

Table 4. Main Zone Surface Sample Descriptions and Analytical Results.................................................31 Table 5. Opal Ridge Zone Surface Sample Descriptions and Analytical Results.......................................32 Table 6. NE Main Zone Surface Sample Descriptions and Analytical Results...........................................33 Table 7. North Zone Drill Intercepts and Analytical Results......................................................................34 Table 8. North Zone Surface Sample Descriptions and Analytical Results...............................................34 Table 9. Spire Zone Drill Intercepts and Analytical Results......................................................................35 Table 10. Spire Zone Surface Sample Descriptions and Analytical Results..............................................36 Table 11. Red Knob Zone Surface Sample and Analytical Results...........................................................37 Table 12. Red Knob Zone Drill Intercepts Descriptions and Analytical Results........................................38 Table 13. Cyprus Ridge Zone Surface Sample Descriptions and Analytical Results................................39 Table 14. Cyprus Ridge Zone Drill Intercepts and Analytical Results.......................................................44 Table 15. Summary Drill Results……………….......................................................................................46 Table 16. Star 2011/2012/2013 Drill Hole Locations.................................................................................53 Table 17. Star-Longstreet Quality Control Blanks and Standards..............................................................55 Table 18. 2011 Twin Drill Holes Comparison............................................................................................56 Table 19. 2012 Twin Drill Holes Comparison............................................................................................57 Table 20. Longstreet Resource Summary....................................................................................................59 Table 21. Longstreet Assay Statistics..........................................................................................................61 Table 22. Specific Gravity Results..............................................................................................................64 Table 23. Published Cut-off Grades............................................................................................................65 Table 24. IDW Search Parameters..............................................................................................................66 Table 25. Longstreet Resource by Zone......................................................................................................79 Table 26. Proposed Budget for Longstreet Project 2014.............................................................................82 LIST OF FIGURES Frontispiece: View of Spire and North Main Target Areas from Main Resource at Longstreet 4

Figure 1. Regional Structural Setting............................................................................................................7 Figure 2. Claim Map....................................................................................................................................11 Figure 3. Property Location and Access..... ................................................................................................12 Figure 4. Regional Geologic Setting............................................................................................................18 Figure 5. Regional Geologic Map................................................................................................................19 Figure 6. Longstreet Targets........................................................................................................................22 Figure 7. Geology of Main, NE Main, and Opal Targets............................................................................23 Figure 8. Geology of North and Spire Targets............................................................................................24 Figure 9. Geology of Cyprus Ridge and Red Knob Targets .......................................................................25 Figure 10. Cyprus Cross Section ................................................................................................................30 Figure 11. Gold in Rock Chips ...................................................................................................................43 Figure 12A. Drilling Plan View...................................................................................................................62 Figure 12B. Histogram Plot ........................................................................................................................63 Figure 13A. Main Adit Vein Mapping Results ..........................................................................................67 Figure 13B. Main Adit Cross Section.........................................................................................................68 Figure 13C. Search Ellipsoid.......................................................................................................................69 Figure 14. Zone Model Plan View..............................................................................................................66 Figures 15A-C. Grade Model Cross Sections.............................................................................................72 Figures 16A-C. Resource Model Cross Sections........................................................................................75 APPENDICES APPENDIX I CLAIMS LIST 5