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ST. JAMES GOLD CORP. Announces Option to Acquire 100% Interest in the Quinn Lake Property Representing 1,730 acres in Emerging Central Newfoundland Island Gold District
ST. JAMES GOLD CORP. Announces Option to Acquire 100% Interest in the Quinn Lake Property...
About this update from St. James Gold Corp
[{"type":"text","content":"\n \n \n \n ST. JAMES GOLD CORP. Announces Option to Acquire 100% Interest in the Quinn Lake Property Representing 1,730 acres in Emerging Central Newfoundland Island Gold District\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, British Columbia\n \n ,\n \n Jan. 14, 2021\n \n \n \n /CNW/ --\n \n St. James Gold Corp.\n \n (TSX – V: LORD) (OTC: LRDJF), the \"Company\" is pleased to announce that it has secured the sole and exclusive option to acquire a 100% interest in the Quinn Lake Claims comprising two contiguous map-staked mineral licenses, for a landholding of 1,730 acres (the \"Property\") in the emerging prolific central\n \n Newfoundland\n \n island gold district. Entered into at arm's length, the Property is adjacent to Marathon Gold.'s\n \n Valentine Lake\n \n property where over 4 million ounces of gold have been developed to pre-feasibility, and situated 17 km northeast from the Marathon gold deposit and along strike of the main gold bearing structure in the district, the Valentine Shear Zone. The Property is accessible by a network of well-maintained seasonal gravel resource roads originating at\n \n Millertown\n \n approximately 35 km to the north.\n \n \n The Property is located with the Exploits Subzone of the Dunnage tectonostratigraphic zone and is underlain by rocks of the Victoria Lake supergroup, a structurally complex, composite collage of bimodal Neoproterozoic to Ordovician arc-related magmatic and sedimentary rocks. This structurally controlled gold district in central\n \n Newfoundland\n \n is emerging as a major area of gold endowment, and occurs within a northeast-trending corridor defined by crustal-scale faults. Known as the Rogerson Lake Conglomerate, the presence of Silurian syn-orogenic polymict reflects the preservation of syn-orogenic upper crustal clastic sequences commonly associated with orogenic gold vein systems. Gold deposits and other gold occurrences in the district show that mineralization can be hosted with volcanic and epiclastic rocks that are in fault contact...