Business
ST. JAMES GOLD CORP. Files Technical Report and Obtains Exchange Acceptance for Filing the Option Agreement on the Grub Line Newfoundland Project
ST. JAMES GOLD CORP. Files Technical Report and Obtains Exchange Acceptance for Filing th...
About this update from St. James Gold Corp
[{"type":"text","content":"\n \n \n \n ST. JAMES GOLD CORP. Files Technical Report and Obtains Exchange Acceptance for Filing the Option Agreement on the Grub Line Newfoundland Project\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. 5, 2021\n \n /CNW/ -\n \n St. James Gold Corp\n \n (TSX-V: LORD) (OTC: LRDJF)\n \n (the \"Company\")\n \n is pleased to announce the completion of a National Instrument 43-101 Standards of Disclosure for Mineral Projects (\"\n \n NI 43-101\n \n \") technical report entitled \"Geological Report on the Grub Line Property, Gander Area NTS 2D/15, Newfoundland Labrador\", with an effective date of\n \n December 30, 2020\n \n (the \"Technical Report\").  The Technical Report was prepared by\n \n Christopher Baldys\n \n , P. Eng, a \"Qualified Person\" as defined by NI 43-101 and independent of the Company.\n \n \n \n \n \n \n \n \n \n The Technical Report is available for review on SEDAR (\n \n www.sedar.com\n \n ) and on the Company's website (\n \n www.stjamesgold.com\n \n ).\n \n \n The Technical Report presents the results of the details of land tenure, summarizes historical work performed, and recommends a two-phased exploration program to evaluate the potential for gold mineralization. Information derived from past exploration programs on the Grub Line property area, the vast majority conducted by Falconbridge Limited in 1990 and 1991 on 2,504 meters of diamond drilling, and regional geochemical surveys and geological mapping conducted by the Geological Survey of NL, suggest that the geological setting of the Grub Line project is prospective of volcanogenic base metal deposits and orogenic type gold deposits.\n \n \n The 1,791 acre Grub Line project is bracketed on its east border by the Gander River Ultramafic Belt (GRUB), a tectonic fault formed during the closing of the Iapetus ocean, signifying a deep seated, mantle tapping structure associated with known mineralization.   Actively explored in the past for base metals, prominent and deep regional crustal breaks ...