|By Marketwired .||
|February 18, 2014 09:25 AM EST||
COEUR D'ALENE, ID -- (Marketwired) -- 02/18/14 -- Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) announced today that Mr. Ron Nilson has been appointed to its Board of Directors as a replacement for Mr. Scott Jenkins, who has resigned from the Board.
Ron Nilson is the President and CEO of Ground Force Worldwide ("Ground Force") based in Post Falls, Idaho. Mr. Nilson has run Ground Force since 2000. Ground Force is an engineering and manufacturing company, specializing in mining equipment. Ground Force designs, engineers and manufactures specialized equipment to be used in open pit and underground mines around the world. It is a company with global reach - operating three factories in north Idaho and factories in Newcastle, England and in Lima, Peru. Ground Force is licensed by Caterpillar Inc. as an OEM Manufacturer and continues to build many of its products based on Caterpillars' chassis.
Commenting on the appointment of Mr. Nilson to the Board of Star Gold, Mr. David Segelov, CEO stated, "I am delighted to welcome Ron to Star Gold's Board. Mr. Nilson provides a depth of mining engineering equipment expertise and problem solving talents that will be necessary for Star Gold to develop its flagship property, Longstreet, in Nye County Nevada. Mr. Nilson is already familiar with Star Gold as he is a shareholder of the Company and has been to the Longstreet site to review the project. He is also familiar with mining operations in Nevada generally, having supplied equipment, through Ground Force, to mining projects in Nevada, including open pit mining operations near the Company's Longstreet project. We also take this opportunity to thank Scott Jenkins for his contributions over the past four years as a Board member. Mr. Jenkins will remain as Star Gold's Chief Geologist, based in Tonopah, and remains a crucial element in managing the Longstreet project."
About Star Gold Corp.
Star Gold is a gold exploration/development company with 115 unpatented claims located within the Walker Lane belt. The Company is currently focused on developing its flagship property, the Longstreet Property. The Longstreet Property is located in Nye County, Nevada.
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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