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St. James Gold Announces LiDAR Survey Reveals Predominant Mineralization Trends and Seven High Level Prospecting Targets at the Florin Project, Yukon Territory, Canada
Vancouver, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announ
About this update from St. James Gold Corp
[{"type":"text","content":" Vancouver, British Columbia, July 07, 2022 (GLOBE NEWSWIRE) -- St. James Gold Corp. (the “Company”) (TSXV: LORD) (OTCQB: LRDJF) (FSE: BVU3) is pleased to announce the results from interpretation of its 2021 season, Light Detection and Ranging (“LiDAR”) survey at the Florin Project located 60 km northwest of Mayo County, Yukon Territory, Canada which is host to the Florin Inferred Gold Resource1. Highlights of the LiDAR survey interpretation Seven new areas of high prospectivity within the Florin Gold Property boundaries have been identified for follow-up exploration WSW–ENE and NNW–SSE structural controls on gold-in-soil anomalies will guide diamond drilling in the immediate area of the Florin Gold Inferred Resource. NW and NNE lineament populations indicate that the mineralized gold hosting intrusion may be partially down-dropped and preserved to the northwest of the Florin Inferred Resource. The survey covered the entire, 22,000-acre (89 km2) area of the original Florin Project claims that surround the Florin Inferred Resource employing LiDAR technology to discern what are the predominant, structural trends responsible for gold mineralized emplacement of the resource and to identify other areas within the mineral tenure claims group that display similar structural complexity as prospective sites for further targeted exploration. Figure 1: Coincidence of interpreted structures with the Florin Intrusion outcrop and Florin Inferred Resource Structures around the Florin Inferred Resource Structures trending NW – SE and NNE – SSW were interpreted from the survey which, along with the mapped trace of the Florin Intrusion and the trace of the Florin Inferred Resource were overlain on a digital elevation model in and around the resource area (Figure 1). The interpreted structures show a strong correlation with the surface trace of the Florin intrusion. This correlation also suggests that the area to the northwest of the resource may have been down-dropped, thereby presenting a deeper target for future drill testing. Structures trending WSW – ENE and NNW – SSE were also interpreted from the LiDAR survey which were overlain on the contoured in soil gold geochemistry assays in and around the resource area (Figure 2). The interpreted structures show a strong correlation with higher grade zones of gold-in-soil anomalism and will guide dri...